Biogas Market to $ 95.80 Bn by 2032 Owing to Growing Demand for Renewable Energy & Waste Management Solutions

Biogas Market is expanding as demand for renewable energy and waste management rises, with biogas providing a sustainable alternative to conventional energy.

AUSTIN, TX, UNITED STATES, January 15, 2025 /EINPresswire.com/ -- The Biogas Market size was valued at USD 63.91 billion in 2023 and is expected to reach USD 95.80 billion by 2032, growing at a CAGR of 5.01% over the forecast period 2024-2032.

A Sustainable and Growing Renewable Energy Solution

Biogas is a renewable energy source produced through the anaerobic digestion of organic materials such as agricultural residues, animal manure, sewage, and food waste. This process generates methane-rich gas, which can be utilized for electricity generation, heating, cooking, and as a vehicle fuel. The adoption of biogas contributes to waste management by converting organic waste into valuable energy, thereby reducing greenhouse gas emissions and promoting environmental sustainability.

The global biogas market is experiencing significant growth, driven by increasing environmental concerns and the need for sustainable energy solutions. Technological advancements are enhancing the efficiency and accessibility of biogas production, making it a more viable option for various applications. Government incentives and policies supporting renewable energy are further boosting market expansion.  In India, the biogas sector is also witnessing substantial growth. The country has a large number of operational biogas plants, with Maharashtra leading in plant numbers. The Indian government has implemented initiatives like the National Bioenergy Programme to promote biogas production, aiming to enhance energy independence and reduce carbon emissions.

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Key Companies: 

• Agrinz Technologies GmbH
• Air Liquide
• DMT International
• Gasum Oy
• HomeBiogas Inc.
• PlanET Biogas
• Scandinavian Biogas Fuels International AB
• Schmack Biogas Service
• Total Xebec Adsorption Inc.
• EnviTec Biogas AG
• WELTEC BIOPOWER
• BTS-biogas

Biogas: A Key Driver in the Transition to Renewable Energy and Carbon Neutrality

The growing demand for renewable energy is a key factor driving the biogas market. As a clean and sustainable energy source, biogas contributes significantly to reducing greenhouse gas emissions and enhancing energy security. By offering an alternative to fossil fuels, it helps mitigate climate change and supports efforts to transition to greener energy systems. With nations setting ambitious carbon neutrality goals, biogas is increasingly recognized as an essential component of the renewable energy mix, providing both environmental and economic benefits in the pursuit of a more sustainable energy future.

Municipal Sources and Electricity Applications Lead the Way in Organic Waste Utilization and Renewable Energy Generation

By Source:
• Municipal
• Industrial
• Agricultural

The municipal segment dominated with the market share over 45% in 2023. This leadership is driven by the substantial amount of organic waste produced in urban areas, which is a key resource for biogas generation. Municipal facilities, such as landfills and wastewater treatment plants, supply a steady flow of organic materials for anaerobic digestion, producing biogas for energy. Landfill gas recovery projects also play a significant role, as they capture methane emissions from decomposing waste and convert them into usable energy. 

By Application:

• Vehicle Fuel
• Electricity
• Heat
• Cooking Gas
• Others

The Electricity segment dominated with the market share over 50% in 2023. Biogas is commonly utilized for electricity generation, with methane being converted into power through combined heat and power (CHP) systems. These systems are particularly prevalent in industrial and municipal environments, where they provide a reliable and continuous power supply. The integration of biogas into existing energy infrastructure has further enhanced its appeal as a stable renewable energy source.

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Europe's Dominance in the Biogas Market leading with Over 40% Share in 2023

Europe region dominated with the market share over 40% in 2023. The region's strong focus on renewable energy, coupled with stringent environmental policies, has established it as a leader in the biogas sector. Countries such as Germany, the UK, and Sweden are pioneers in embracing biogas technology. Germany, for instance, boasts an extensive network of biogas plants integrated with agriculture and waste management systems. Additionally, the European Union's financial support and incentives for renewable energy projects have significantly accelerated the adoption of biogas technology across the region. 

Recent Developments

• In September 2024: 1Vision Biogas has announced plans to become the leading biogas company in the Nordics by focusing on strategic expansions and technological innovations. The company aims to leverage advanced biogas production technologies to increase its market share and contribute to the region's green energy goals.
• In August 2024: GreenGas USA has partnered with various agricultural firms to initiate renewable natural gas production at its farm portfolio. This partnership aims to enhance cleaner energy production in agriculture, supporting sustainable practices while reducing greenhouse gas emissions.

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