Market Size –
The biogas plant market size has grown rapidly in recent years. It will grow from <b>$3.81 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. </b> 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 <b>$6.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. </b> 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.
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Scope Of Biogas Plant Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Biogas Plant Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
Europe was the largest region in the biogas plant market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biogas plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the biogas plant market report are A2A SpA, AB Holding SpA, Agraferm GmbH, Air Liquide SA, Ameresco Inc., Biofrigas Sweden AB, BTS Biogas SRL/GmbH, Carbotech Gas Systems GmbH, Cryonorm BV, Cryostar SAS, Engie SA, EnviTec Biogas AG, Finn Biogas, Future Biogas Limited, FWE GmbH, Gasum Oy, Green Elephant, Greenlane Renewables Inc., IES BIOGAS Srl, Malmberg Water AB, Naskeo Environnement SA, PlanET Biogas Group, Primove Engineering Private Limited, Quantum Green Energy, Renergon International AG, Scandinavian Biogas Fuels International AB, Spectrum Renewable Energy Limited, Stirling Cryogenics India Pvt. Ltd., StormFisher Ltd., STRABAG SE, Swedish Biogas International AB, Thöni Industriebetriebe GmbH, Wärtsilä Oyj Abp, Weltec Biopower GmbH, Xebec Adsorption Inc.
Table of Contents
1. Executive Summary
2. Biogas Plant Market Report Structure
3. Biogas Plant Market Trends And Strategies
4. Biogas Plant Market – Macro Economic Scenario
5. Biogas Plant Market Size And Growth
…..
27. Biogas Plant Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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