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Biogas Market Trends

Report ID: GMI1238
Published Date: Jan 2024
Report Format: PDF

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Biogas Market Trends

Environmental awareness among consumers and businesses has been rising, leading to a growing interest in environmentally friendly energy solutions. Biogas, produced from organic waste, is considered a sustainable option that can help reduce dependence on non-renewable resources. Advances in the biogas technology, including more efficient digestion processes and improved gas purification methods, will augment the overall efficiency and viability of the biogas projects. Growing emphasis on the circular economy principles, which promote the efficient use of resources and waste reduction in line with biogas offering a reliable and renewable alternative, especially in rural areas where organic waste is abundant will boost the industry dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of biogas was worth more than USD 89 billion in 2023 and is anticipated to reach USD 128 billion by 2032, owing to the increasing emphasis on sustainable and renewable energy sources.

The organic waste biogas market will grow at a notable rate through 2032, driven by the ongoing innovations including the development of high-efficiency digesters and introduction of gas upgrading technologies.

Asia Pacific market for biogas will grow at a CAGR of more than 6% during 2024 and 2032, favored by the growing desire for energy independence and security.

EnviTec Biogas AG, AB Holding SpA, MAKEEN Energy, CH4 Biogas, Anaergia, Zorg Biogas AG, Scandinavian Biogas Fuels International, BTS-biogas, IES Biogas, Agraferm Technologies AG, ENGIE, BDI - Bioenergy International GmbH, Xergi A/S, Gasum Oy, and PlanET Biogas Global GmbH.