Biodigester Market size is expected to surpass USD 55.38 Billion by the end of 2035, witnessing around 5.9% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of biodigester was over USD 26.80 Billion. There is a significant transition towards the usage of renewable and eco-friendly energy equipment, because of the negative environmental implications of traditional power equipment. Bio-digesters are extensively employed as an environmentally friendly alternative for energy generation. Renewables will account for 29 percent of global power output in 2020. Biomass accounts for 98 percent of renewable energy utilization in the industrial sector, with around 60 percent originating from biomass wood, 31 percent from biofuels, and almost 7 percent from biomass trash.
Various government organizations are also investing in the establishment of various bio-digesters in order to reduce reliance on traditional energy-producing methods. As a result, renewables will account for 29% of worldwide power generation in 2020, up from 27% in 2019. Renewable power output is expected to rise by more than 8% to 8 300 TWh in 2021, the greatest year-on-year growth since the 1970s.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 5.9% |
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Base Year Market Size (2022) |
~ USD 26.80 Billion |
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Forecast Year Market Size (2035) |
~ USD 55.38 Billion |
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Regional Scope |
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Source of Waste (Agriculture Waste, Wastewater, Residential Waste, Commercial Waste, Landfill)
The commercial waste segment in the biodigester market is predicted to grow at a much faster rate in terms of revenue CAGR with a 41% share. Rapid industrialization, increased awareness of environmentally friendly waste management procedures, and the obligation to conform to environmental norms are some of the primary reasons driving revenue growth in this market. Anaerobic digestion systems for industrial waste management are also predicted to be in high demand as more enterprises adopt circular economy ideas.
Application (Agriculture, Commercial, Municipal)
Biodigester market from the municipal segment is expected to have the largest gain with a 39 % share. Due to the rise in household, commercial, and construction activities by natural people that are collected and handled by municipalities, this market is anticipated to expand. According to the research, daily per capita, trash creation in rich countries is anticipated to rise 19% by 2050, while it is expected to rise 40% or more in low- and middle-income countries.
Our in-depth analysis of the global market includes the following segments:
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Digester |
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Source of Waste |
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Technology |
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Application |
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APAC Market Forecast
The Asia Pacific biodigester market is expected to have 30% of the revenue share in the near future. The Asia-Pacific region dominates the worldwide biodigester market due to the widespread use of small-scale biogas plants or digesters in developing nations such as India, China, Thailand, Indonesia, and Mauritius to produce bio-methane gas for cooking and space heating. The stringent rules to reduce their carbon footprint, which is a key driver driving the biogas market's expansion in the region. Over 100 million Chinese rural residents have access to electricity provided by biogas facilities. Rising power consumption, particularly in rural regions of emerging nations, is likely to boost the expansion of the worldwide biodigester market. Rhodia purchased Econcern Group's six prototype biogas production projects in China and Vietnam, with the goal of profitably investing in biogas technology. Such activities and acquisitions are helping to boost the biodigester industry. According to the Indian Ministry, 1.45 lakh metric tonnes of trash are produced in India every day. Only 53% of garbage was treated under the prime minister's flagship programme, Swachh Bharat. The center's goal is to achieve 100% scientific solid waste management and eliminate open defecation in the country.
North America Market Statistics
North America is predicted to hold 25% of the global biodigester market share, as the US is seen as a high-potential yet unexplored market. Due to the expanding consumer awareness about environmental preservation, pollution management, and climate change standards, the market is expected to grow. Although the US appears to be technically appealing, the paper claims that the vast volumes and diverse range of acceptable feedstock available here are underutilized. However, the country has seen significant investment in the renewable gas industry, which would increase the country's market attractiveness in the worldwide biodigester market.
Author Credits: Smruti Ranjan, Rajrani Baghel
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