Biogas To Energy Accelerated By Rising Demand For Renewable Sources

Biogas typically refers to a mixture of different gases produced by the breakdown of organic matter in the absence of oxygen. Biogas can be produced from raw materials such as agricultural waste, municipal waste, plant material, sewage, green waste or food waste. By capturing biogas from landfill sites and anaerobic digesters, it can be turned into renewable energy in the form of electricity and heat, reducing reliance on non-renewable energy sources. The growing need for renewable energy sources with lower greenhouse gas emissions driving the adoption of biogas - as it acts as a clean and sustainable replacement for conventional fossil fuels.

The global Biogas Market is estimated to be valued at US$ 65.5 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Rising demand for renewable sources is one of the key drivers propelling the biogas market growth. Governments across various nations are promoting the production and use of biogas due to environmental benefits. Biogas produces 50-70% less CO2 emissions as compared to normal natural gas and does not require extraction processes like conventional fossil fuels. Furthermore, the ability of biogas plants to process organic waste and agriculture residues makes it an economical renewable source. The growth of livestock and cattle farming industries also contributes to the rising production of biogas, leveraging the organic waste generated. Advanced technologies are further helping optimize biogas generation and upgrading processes.

Segment Analysis

The global biogas market is dominated by the agriculture segment, which accounts for over 60% share of the total market. Livestock farming produces large amounts of manure that can be effectively processed into biogas using anaerobic digestion. Countries with advanced livestock and dairy industries such as the US, Germany and India have the largest biogas production from agricultural waste. Industrial food processing is another fast growing segment as it generates organic waste that can serve as feedstock.

Key Takeaways

The Global Biogas Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: Europe currently has the largest and most developed biogas market. Germany alone accounts for over 45% of the total European biogas generation due to strong government subsidies and a feed-in tariff program for biogas since 1999. However, other European countries are also scaling up biogas production from agriculture and food processing waste. Asia Pacific region has witnessed fastest growth over the past 5 years led by China and India. The large livestock population and abundant agricultural residues in these countries offer significant potential for sustainable biogas generation.

Key players operating in the biogas market include Aeolos Wind Energy Ltd, BORNAY, Braun Windturbinen GmbH, Britwind, EasyWind GmbH, Endurance Wind Power, ENESSERE S.r.l., Fortis Wind BV, iQron GmbH, PSW-Energiesysteme GmbH, Ryse Energy, SD Wind Energy Limited, TUGE Energia, Wind Energy Solutions B.V., and XZERES Wind Europe Ltd. The market is fragmented with the top 5-6 players accounting for less than 30% share.

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