Biogas to Hydrogen Market Size

Biogas to Hydrogen Market Size

Biogas to Hydrogen Market size is assessed at USD 340.2 million in 2023 and is set to grow at a CAGR of 28% between 2024 and 2032. Biogas to hydrogen refers to the process of converting biogas, which is primarily composed of methane (CH4) and carbon dioxide (CO2), into hydrogen gas (H2). The resulting hydrogen gas is a clean-burning fuel that can be used in a variety of applications, including power generation, transportation, and industrial processes. Rising shift toward clean energy sources to mitigate climate change and reduce greenhouse gas emissions along with subsidies, tax credits, renewable energy mandates, and carbon pricing mechanisms will stimulate the market dynamics.

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Readily available feedstock for biogas development, multiple plans for the expansion of biogas ecosystem across many economies in line with robust investments by the major economies to develop hydrogen as an energy carrier will enhance the business statistics. Growing public awareness of environmental issues, including climate change and pollution will further promote the market growth. Moreover, focused research and development activities across various institutes along with large scale adoption of energy efficiency targets will provide a foundation for biogas derived hydrogen production.

Paradigm shift toward energy conservation and increasing requirement for efficient sources across different applications will positively impact the product demand in various end users. Continuous technological advancements to develop hydrogen infrastructure along with biogas providing a decentralized energy source while reducing reliance on imported fossil fuels will further augment the industry landscape.