Biogas Plant Market

Global Biogas Plant Market Size (2024-2029):

The Global Biogas Plant Market was worth US$4.07 billion in 2023 and is projected to reach a valuation of US$7.93 billion in 2029 from US$4.55 billion in 2024. It is predicted to register a CAGR of 11.77% during the foreseen period 2029-2028.

MARKET SCENARIO

A biogas plant is a facility that uses waste biomass to produce renewable gases. Biogas plants use diverse technologies such as anaerobic digestion, aerobic digestion, and pyrolysis to generate power, heat, and biofuels from animal manure or food waste, as well as landfill gas. Biogas can be compressed to produce natural gas (CNG) or transformed into liquefied petroleum gas (LPG). The operation of these facilities necessitates the use of technicians with engineering management experience.

The fact that biogas is environmentally friendly and can be made from a wide range of organic materials and wastes, including crop residues, animal manure, sewage sludge, municipal/industrial organic waste, stillage from ethanol production, and specially grown energy crops, is the most important factor driving its growth. Biogas holds major application scope in the power generation and transportation sectors. Biogas is extensively employed in gas engines for converting energy into heat and electricity. Market growth is also governed by the implementation of environmental and governmental legislations and regulations that favor biogas.

MARKET GROWTH

During the forecast period, the Biogas Plant Market is expected to rise rapidly. The expanding demand for energy, the depletion of non-renewable energy sources, the fluctuating cost of fuel, and the long-term cost-benefit of using Biogas over conventional energy sources are all contributing to the market's rise.

MARKET DRIVERS

The worldwide biogas plant market is driven by the growing need for renewable energy in developing countries.

As a result, many governments are enacting policies and regulations to encourage the expansion of renewable energy sources like solar power and wind turbines; this has resulted in increased investments from private companies seeking to develop clean technologies that will help them meet their governments' goals. In China, such regulations have been implemented with the goal of generating a 6% share of the total primary energy supply from renewables. Growing awareness of air pollution caused by fossil fuel burning has led to more governments throughout the world restricting emissions from power plants and companies in order to provide a healthier environment for their population, which has resulted in an increase in biogas plant installations.

Furthermore, many countries have implemented policies that encourage large-scale adoption of renewable energy sources such as solar power and wind turbines, among others; this policy, when combined with economic growth, will result in an increase in installation rates, resulting in higher demand over the forecast period.

MARKET RESTRAINTS

The amount of money needed to establish building expenditures is really significant. Land, Equipment, materials, engineering, and labor are all included in the cost of constructing a plant. Several governments throughout the world contribute funds to the building of these plants.

In addition, the supply chain, which includes feedstock collection, sorting, processing, distribution, plant operation and maintenance, and the sale and distribution of the gas produced, is costly and time-consuming.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Biogas Plant Market Analysis By Feedstock

The market is divided into Bio-municipal Waste, Agriculture Residue, Energy Crops, and others based on the feedstock. Agriculture waste, which includes waste stuff generated in agricultural activities, accounted for the largest portion of the total. According to the analysis, crop residue energy generation might provide 3-14 percent of the total energy supply. During the projected period, the bio-municipal garbage segment is expected to increase rapidly.

Global Biogas Plant Market Analysis By Digester Type

Small-scale digesters are predicted to rise significantly throughout the projection period, given cheap capital requirements and increased demand in developing nations. Small-scale digesters are digesters with a capacity of less than 250kW, and their market share is expanding due to lower investment and infrastructure requirements. Small-scale digesters are crucial in developing countries' rural areas.

Global Biogas Plant Market Analysis By Application

In 2023, the power application category dominated the global market, accounting for more than 30% of total revenue. The growing emphasis on renewable energy, notably in the electric power industry, has boosted the demand for biogas for electricity generation dramatically. Because of the increased need for biofuel in various end-use sectors, such as automotive, the upgraded biogas application category is likely to grow rapidly throughout the forecast period. Upgraded biogas is made by eliminating hydrogen sulfide, carbon dioxide, water, and impurities from biogas before converting it to biomethane.

REGIONAL ANALYSIS

In terms of both biogas plant volume generation and consumption, Asia Pacific led the global biogas plant market in 2018. From 2019 to 2027, the biogas market in this region is expected to grow at a CAGR of 7.3 percent. In the Asia Pacific biogas plant market, China, India, Japan, and Australia have so far been the dominant nations in terms of biogas generation. Agricultural waste and F&B processing residue, as well as sewage sludge as primary feedstock, have led the biogas plant market in APAC, just as they do in developed nations. In this region, the pace of investment in waste management systems is likewise rapidly increasing. These concerns, combined with increased pressure from energy imports, have prompted a number of APAC countries to focus on fossil-fuel alternatives, such as boosting biogas production.

In the global market, North America is predicted to develop significantly. In the United States, more than 2,200 plants create biogas. According to the American Biogas Council, 13,500 such systems could be installed in the next several years. By 2030, biogas output in the United States is expected to skyrocket, resulting in a tremendous influx of renewable natural gas for car and non-vehicle applications.

With 75 percent of total biogas utilized for energy production in Europe, the continent is a crucial market. Europe is ahead of the rest of the world in terms of biogas usage and production, owing to increased government legislation for environmentally beneficial initiatives. Germany, France, Italy, and Switzerland are the leading biogas producers in Europe.

Political concerns and hurdles to the advancement of biogas in Latin America are part of the emerging biogas market in the region.

The gas utility industry in South Africa is predicted to increase as the country accelerates the development of gas-fired power plants, which is considered to be a crucial method for reducing the country's emissions. The industry's growth is expected to accelerate, with a CAGR of 4.9 percent predicted.

KEY PLAYERS IN THE GLOBAL BIOGAS PLANT MARKET

Companies playing a prominent role in the global biogas plant market include Future Biogas Limited (U.K.), PlanET Biogas Global GmbH (Germany), WELTEC BIOPOWER GmbH (Germany), Scandinavian Biogas Fuels International AB (Sweden), EnviTec Biogas AG (Germany), Ameresco (U.S.), Quantum Green (India), AB HOLDING SPA (Italy), RENERGON International AG (Switzerland), Storm Fisher (Canada) and Others.

RECENT HAPPENINGS IN THE GLOBAL BIOGAS PLANT MARKET

• Future Biogas intends to construct 25 additional biogas facilities with carbon capture and storage (CCS) capabilities by 2028.

DETAILED SEGMENTATION OF THE GLOBAL BIOGAS PLANT MARKET INCLUDED IN THIS REPORT

This research report on the global biogas plant market has been segmented and sub-segmented based on feedstock, digester type, application, and region.

By Feedstock

• Bio-municipal Waste
• Agriculture Residue
• Energy Crops
• Others

By Digester Type

• Small Scale Digestor
• Medium to large-scale digester

By Application

• Power Generation
• Heat Generation
• Transportation
• Upgraded Biogas
• Cooking Gas

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa