BiogasMarket: Introduction
TransparencyMarket Research delivers key insights on the global biogas market. In terms of revenue, the globalbiogas market is estimated to expand at a CAGR of 9% during theforecast period, owing to numerous factors regarding which TMR offers thoroughinsights and forecasts in its report on the global biogas market.
Theglobal biogas market has been positively impacted by the rise in demand forbiogas in power generation and automobile industries across the globe. Thus,increase in demand for biogas in power generation and automobile industries ispropelling the global biogas market.
BiogasMarket: Dynamics
Thedemand for biogas has been rising in automobile and power generation industriesover the past few years, as it provides green energy and high power density.This is expected to boost the global biogas market. The number of countriesaccepting the Paris Climate Change Agreement has been increasing significantly.This agreement mandates countries to decrease their carbon footprint andgreenhouse gases by reducing their dependence on fossil fuels, which presentssignificant potential for the adoption and implementation of biogas energy.Europe has enacted stringent regulations to lower carbon and greenhouse gasemission. This has boosted the consumption of biogas in the region.
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Investmentsin the global biogas market have been rising significantly since the past fewyears. According to the American Biogas Council, the U.S. offers vast potentialfor the biogas industry. More than 14,900 newsites have the potential to produce biogas in the country. Of these, 8,500 sitesare in the vicinity of dairy, poultry, and swine farms, while 3,878 are nearwater resource recovery facilities.
BiogasMarket: Prominent Regions
Interms of value, Europe dominated the global biogas market in 2019. The region isexpected to remain dominant during the forecast period, due to the presence offavorable government policies and availability of infrastructure for biogas.Europe also has the highest number of biogas plants in the world. According toThe European Biogas Association, the number of biogas plants in the regionincreased from 483 in 2018 to 729 in 2020. Currently, 18countries produce biogas in Europe. The number of biogas operational plantsstood at more than 18,000 inEurope in 2019.Germany accounted for more than 9,000 operational biogas plants in the year.Thus, Germany is a leading country in terms of number of biogas plants in theregion as well as in the world.
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NorthAmerica is projected to be a lucrative region of the global biogas marketduring the forecast period. This can be ascribed to the increase in awarenessabout renewable energy in the region. The rise in usage of biogas in theautomobile industry is another key factor that is propelling the demand forbiogas in North America. The U.S. is the leading market for biogas in NorthAmerica. The U.S. has more than 2,200 biogasproducing sites. Canada is anticipated to be a lucrative country for biogasduring the forecast period, owing to the increase in awareness as well as highadoption of green energy in the country.
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AsiaPacific was a promising region in the global biogas market in 2019. Governmentsof countries in the region have been promoting biogas for cooking purposes inrural areas. For instance, the Government of India is providing subsidies andfree biogas household plants to produce biogas in rural areas. The Governmentof China is promoting biogas for households in rural areas. The number ofbiogas plants installed stood at more than 70,000 in China in 2019. According to the International Energy Agency report 2020, there wasnotable development in the biogas market in Asia Pacific, primarily in China,India, and ASEAN countries. Awareness about the environment in countries suchas China, India, and those in ASEAN is expected to drive the biogas market inthe region during the forecast period.
BiogasMarket: Key Players
Majorplayers operating in the global biogas market are Air Liquide, Wärtsilä, FutureBiogas Limited, PlanET Biogas Global GmbH, WELTEC BIOPOWER GMBH, ScandinavianBiogas Fuels International AB, EnviTec Biogas AG, Biofrigas Sweden AB,Ameresco, and Quantum Green.
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