The global biogas market size is anticipated to reach USD 78.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.48% during the forecast period. Increasing global demand for renewable energy coupled with environment friendly emission levels along with the rising demand for electricity generated from biogas plants will drive the market.
The industrial segment is anticipated to witness growth on account of surging demand for waste treatment techniques that will further enhance the industry outlook. Initiatives taken by the government will be a strong driving factor for the market growth. Extensive presentation for strict environmental laws to restrain greenhouse gas emissions will keenly promote the use of biogas across various segments.
Preference for cleaner and greener fuel to generate electricity led various countries to adopt biogas as a fuel and further utilize biogas for mass production. Agricultural waste is subjected to hold the major share across the regions.
Asia Pacific is projected to observe robust growth during the forecast period, on account of rising acceptance of renewable energy sources coupled with rising demand to generate electricity with reduced carbon emission levels. In China, there are significant potential to expand biogas production as biogas produced by the centralized plants in China, transport gas using pipeline to the household areas for cooking purpose.
U.K., France, Germany, China, Japan, and India are some of the prominent countries in Europe and Asia Pacific market for biogas. In North America, U.S. is projected to hold maximum market share owing to the suitable government policies and rapid advancements in application segment. Central and South American countries like Brazil and Argentina are anticipated to witness a substantial growth opportunities to boost the growth of biogas market in the forthcoming years.
Few of the noticeable players operating in market are PlanET Biogas Global GmbH; Scandinavian Biogas; Ameresco, Inc.; Biofrigas Sweden AB; EnviTec Biogas AG; Air Liquide; and Wärtsilä.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/biogas-market
Further key findings from the report suggest:
- Asia Pacific is projected to expand at a substantial CAGR throughout the forecast period with China accounting for the maximum regional market share
- In terms of source, agriculture segment was valued at over USD 1.8 billion till 2019
- Some of the significant market participants include Beijing Sanyi Green Energy Development Co., Ltd., Agrinz Technologies GmbH, Quadrogen, Biofuel USA Corporation, and SP Renewable Energy Sources Pvt. Ltd.
Grand View Research has segmented the global biogas market on the basis of source, application, and region:
Biogas Source Outlook (Revenue, USD Billion, 2016 - 2027)
- Agricultural
- Municipal
- Industrial
Biogas Application Outlook (Revenue, USD Billion, 2016 - 2027)
- Heat
- Electricity
- Vehicle Fuel
- Others
Biogas Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- US.
- Canada
- Europe
- France
- Germany
- UK.
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- UAE
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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