The Biogas Plant Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Biogas Plant Global Market Report 2024, The biogas plant market size has grown rapidly in recent years. It will grow from $3.81 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to regulatory milestone, urban waste management initiatives, early market development, pioneering biogas applications, community and rural initiatives, public awareness and education..
The biogas plant market size is expected to see rapid growth in the next few years. It will grow to $6.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to bio-cng and biofuel growth, urban infrastructure development, circular economy strategies, waste management focus, integration with agriculture.. Major trends in the forecast period include renewable energy demand, government incentives and policies, climate change mitigation goals, rural development initiatives, technological advancements..
The growing use of renewable sources of energy is driving the biogas plant market going forward. The energy that is derived from natural sources is referred to as renewable energy. This also includes bioenergy sources, which include biogas and biomethane. Major developing countries are shifting towards the use of renewable sources of energy for their energy needs as these sources generate less CO2 than conventional sources, and biogas plants are beneficial in the generation of biogas, which is one of the varieties of renewable energy sources. For instance, according to data from the International Energy Agency, a France-based autonomous intergovernmental organization, globally, renewables account share is forecasted to increase up to 33% by 2025. Therefore, the growing use of renewable sources of energy drives the biogas plant market growth.
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The biogas plant market covered in this report is segmented –
1) By Biogas Plant Type: Small-Scale Digesters, Medium-To-Large-Scale Digesters
2) By Digester type: Dry Anaerobic Digestion, Wet Anaerobic Digestion
3) By Feedstock: Energy Crops, Agriculture Residue, Bio-Municipal Waste, Other Feedstocks
4) By Application: Power Generation, Heat Generation, Transportation
Strategic partnerships are a key trend gaining popularity in the biogas plant market. Major companies operating in this sector are looking for partnerships to strengthen their position in the market. For instance, in June 2022, Belenergia s.a., a France-based developer of renewable energy production projects, collaborated with PRODEVAL, a France-based biogas producer and treatment company. This partnership enables both companies to share their expertise in the biogas sector. Furthermore, in September 2023, Bilfinger SE, a Germany-based engineering and industrial services company partnered with Reverion GmbH. The strategic partnership aims to commercialize and enable the industrialization of Reverion’s cutting-edge fuel cell-based modular power plant, which generates and stores energy efficiently. This partnership introduces this ground-breaking method of producing energy efficiently and ecologically to the market .
The biogas plant market report table of contents includes:
- Executive Summary
- Biogas Plant Market Characteristics
- Biogas Plant Market Trends And Strategies
- Biogas Plant Market – Macro Economic Scenario
- Global Biogas Plant Market Size and Growth
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- Global Biogas Plant Market Competitive Benchmarking
- Global Biogas Plant Market Competitive Dashboard
- Key Mergers And Acquisitions In The Biogas Plant Market
- Biogas Plant Market Future Outlook and Potential Analysis
- Appendix
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