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    Global Biogas Market Forecast Analysis

    Global Biogas Market Forecast Analysis
    Report code - SR2016 Delivery - 2 Weeks
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    Biogas Market Size, Share, Trend, Forecast and Growth Opportunity: 2022-2028.
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    Market Insights

    The global biogas market is valued USD 62.84 Billion in 2022 and is projected to achieve USD 81.37 Billion in 2028 at a CAGR of 4.4% during the forecast period.

    Want to know more about the market scope:

    What is Biogas?

    Biogas is a renewable fuel produced by the breakdown of organic matter such as animal waste, food scraps, agricultural waste, and plant material. It majorly consists of methane, carbon dioxide, and hydrogen sulphide. Biogas can be utilized in a variety of ways, including vehicle fuel, heating, and electricity generation.

    Key Players

    The following are some of the key players in the market:

    • Agraferm Technologies AG
    • Agrinz Technologies GmbH
    • BDI - Bioenergy International GmbH
    • BTS-Biogas
    • EnviTec Biogas AG
    • Gasum Oy
    • PlanET Biogas Global GmbH
    • Scandinavian Biogas Fuels International
    • Viessmann Group
    • Weltec Biopower.

    Market Dynamics

    The market is likely to be driven by growing concerns toward emissions related to fossil fuel-based power generation and increasing focus to achieve diversity across the energy portfolio. Some of the eminent features favouring product adoption over the forecast period include easy availability of feedstock, supportive government policies, and shifting trends toward the decarbonization of the energy sector.

    • Furthermore, the implementation of strict environmental regulations, as well as the increasing penetration of renewable energy technologies for electricity generation, is expected to have a positive impact on technology adoption.
    • In addition, growing demand for effective waste management practices, combined with biogas technology's ability to provide combined heat and power, is likely to boost the overall industry outlook expansion.

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    Segment Analysis

    By Substrate Type

    The market is bifurcated into organic waste, sewage sludge, energy crops, and others. Energy crop is estimated to register high growth in the market during 2022-2028. High energy density, low investment costs, and fast biogas production are some of the key factors influencing the deployment of energy crop-based biogas plants.

    • The most commonly used substrates for agricultural biogas plants are maize and manure mixtures.
    • Increasing financial support, comprising feed-in tariffs & subsidy schemes for electricity generation from biogas, is expected to enhance the growth of the segment in the coming years.

    By Size Type

    The market is segmented as <500 kW, 500 kW – 3 MW, and >3 MW. The <500 kW segment is expected to register substantial gains during 2022-2028. This growth is owing to surging investments toward the development of commercial and residential biogas plants.

    • Furthermore, shifting trends toward decentralisation of power generation systems and increasing investments in the deployment of energy-efficient technologies are likely to accelerate the growth of the segment over the 2022-2028.

    By Technology Type

    The market is segmented as with pre-hydrolysis and without pre-hydrolysis. With pre-hydrolysis technology is likely to account for a significant share of the market during 2022-2028. Low costs, energy recovery and minimal production of biosolids are a few of the key factors driving the adoption of pre-hydrolysis technology across biogas plants.

    By Process Type

    The market is segmented as landfill, sewage sludge, anaerobic digestion, and pyrolysis & gasification. Anaerobic digestion is estimated to witness significant growth in the market during 2022-2028.

    • Growing demand for conservation of agricultural land is expected to drive the adoption of anaerobic digestion.
    • Furthermore, the segment's growth is driven by ongoing initiatives aimed at improving rural economic growth.

    By Application Type

    The market is segmented as residential, commercial, and industrial. The residential segment is estimated to register high growth in the market during 2022-2028.

    • The biogas industry from residential application is expected to grow at a rapid pace, owing to limited grid connectivity, especially in rural areas.
    • Furthermore, increasing demand for ancillary energy services in agricultural processing, as well as growing concerns toward energy security, is likely to fuel the deployment of biogas plants in the residential sector in the coming years.

    Want to know more about the dominant region, 

     

    Regional Analysis

    North America is estimated to account for a significant share of the market during 2022-2028. Factors such as the growing need to reduce reliance on fossil fuels, ongoing technological innovations and declining costs, and favourable government policies are expected to drive the regional market growth during 2022-2028.

    Europe, on the other hand, is expected to experience significant market growth during the forecast period as a result of the ongoing transition toward a sustainable & circular economy, as well as a shift in focus toward cost-effective waste management practices.

    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision-making and strategy formulation based on the opportunities present in the market.

    Report – Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >130

    Company Profiles

    10

     

    The market is segmented into the following categories:

    By Substrate Type

    • Organic Waste
    • Sewage Sludge
    • Energy Crops
    • Others

    By Size Type

    • <500 kW
    • 500 kW – 3MW
    • >3 MW

    By Technology Type

    • With Pre-Hydrolysis
    • Without Pre-Hydrolysis

    By Process Type

    • Landfill
    • Sewage Sludge
    • Anaerobic Digestion
    • Pyrolysis & Gasification

    By Application Type

    • Residential
    • Commercial
    • Industrial

    By region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    , to know the market segmentation details

    Report Features

    This report provides market intelligence in the most comprehensive way and structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key feature:

    • Structure: Overview, industry life cycle and supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
    • Trends and forecast analysis.
    • Segment trends and forecast.
    • Competitive landscape and dynamics: Share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Biogas Market Features

    Market Size in 2028

    US$ 81.37 Billion

    Market Size in 2022

    US$ 62.84 Billion

    Market Growth (2022-2028)

    4.4% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Substrate Type (Organic Waste, Sewage Sludge, Energy Crops, and Others),

    By Size Type (<500 kW, 500 kW – 3 MW, and >3 MW),

    By Technology Type (Pre-Hydrolysis and Without Pre-Hydrolysis),

    By Process Type (Landfill, Sewage Sludge, Anaerobic Digestion, and Pyrolysis & Gasification),

    By Application Type (Residential, Commercial, and Industrial),

    Region.

    Top Companies in 2022

    • Agraferm Technologies AG
    • Agrinz Technologies GmbH
    • BDI - Bioenergy International GmbH
    • BTS-Biogas
    • EnviTec Biogas AG
    • Gasum Oy
    • PlanET Biogas Global GmbH
    • Scandinavian Biogas Fuels International
    • Viessmann Group
    • Weltec Biopower.

    Dominant Region

    North America is accounted for a significant share of the market during 2022-2028.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2028.

    The segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Recent Industry Development

    OCT 2022- For a biogas facility, Jack Daniel Distillery will receive €29.7 million.

    Near the Jack Daniel Distillery in Tennessee, US, TC Energy has announced a $29.3 million (€29.7 million) investment in a renewable natural gas (RNG) production facility. The Lynchburg Renewable Fuels-owned facility will produce RNG with a carbon intensity score that is 50% lower than natural gas, resulting in annual CO2 savings of up to 16,000 tonnes. 3 Rivers Energy Partners, which is also an owner of Lynchburg Renewable Fuels, is developing the project. Read More.

    Frequently Asked Questions (FAQs)

    The market valued at US$ 62.84 Billion in 2022.

    North America is estimated to account for a significant share of the market during 2022-2028.

    The market reach at US$ 81.37 Billion in 2028.

    The market is growing at a CAGR of 4.4% over 2022-2028.

    The study period of the market is 2016-2028.

    Biogas is a renewable fuel produced by the breakdown of organic matter such as animal waste, food scraps, agricultural waste, and plant material. It majorly consists of methane, carbon dioxide, and hydrogen sulphide. Biogas can be utilized in a variety of ways, including vehicle fuel, heating, and electricity generation.

    Agraferm Technologies AG, Agrinz Technologies GmbH, BDI - Bioenergy International GmbH, BTS-Biogas, EnviTec Biogas AG, Gasum Oy, PlanET Biogas Global GmbH, Scandinavian Biogas Fuels International, Viessmann Group, and Weltec Biopower are some of the key players in the market.

    The market is likely to be driven by growing concerns toward emissions related to fossil fuel-based power generation and increasing focus to achieve diversity across the energy portfolio.