Emphasis on Source (Municipal Waste, Animal Waste, Agricultural Waste, Others); End Use (Power Generation, Cogeneration, Heat, Others); Region/Country
Global Biogas Market is anticipated to grow at a CAGR of around 6% during the forecast period (2021-2027). In today’s era biowaste is not only important from the point of view of waste management but also a recognized source of green energy. It is readily used in producing biogas. Almost every part of the world has high potential to produce biogas. According to IEA, the feedstock required to produce biogas is set to grow by 40% over the period to 2040. The largest opportunities lie across the Asia Pacific region, where natural gas consumption and imports have been growing rapidly in recent years, and there are also significant possibilities across North and South America, Europe, and Africa.
Further, in developing countries like US, Canada, Australia, etc. improvements in waste managements and collection programs would lead to increased availability of various feedstocks on larger scale thereby helping the biogas market grow. Globally countries are focusing to reduce their carbon footprints to achieve their aim of carbon neutral country; biogas is one of the sources to fulfil the demands for decarbonization as it emits less carbon footprints thus environmentally friendly nature of biogas would fuel its demand. For instance, globally an annual change of ~65% was observed in low carbon energy generation between 2011-2015. In addition, a change of ~46% was observed between 2015-2019.
Some of the major players operating in the market include Scandinavian Biogas Fuels International AB, EnviTech Biogas AG, Air Liquide S.A., Pressure Technologies Plc., Himark Biogas Inc., DMT Environmental Technology, MT-Energie GmbH, Acrona Group, Xebec Adsorption Inc., Weltec Biopower GmbH. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Insights Presented in the Report
“Amongst source, agricultural waste category held lucrative market share.”
Based on source, the biogas market is segmented into municipal waste, animal waste, agricultural waste, and others. Among all, agricultural waste held considerable market share due to large production of crop leads to more amount of waste. Agricultural waste includes organic waste generated in any farming related activities. As per Global Bioenergy Statistics, 3-14% of the total energy supply across the globe can be fulfilled by the energy generated from agricultural waste.
“Amongst end use, power generation held considerable market share in 2020.”
Based on end use, the biogas market is divided into power generation, cogeneration, heat, and others. Among all, power generation held lucrative market share. The growing focus on the usage of renewable energy, particularly in the electric power sector, has significantly increased the demand for biogas for electricity generation. For instance, in Germany, nearly 58 billion kWH of electricity was generated from biogas in 2020.
“Europe represents considerable market share in the Global Biogas Market.”
For a better understanding of the market adoption of biogas, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe held significant share of biogas in 2018 which was owing to technical advancements in biogas production process which was due to major players like EnviTech Biogas, Weltec Biopower GmbH, Scandinavian Biogas Fuels International AB operating in the region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Biogas Market Covid-19 Impact
6. Global Biogas Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Source
8. Market Insights By End Use
9. Market Insights By Region
10. Biogas Market Dynamics
11. Biogas Market Opportunities
12. Biogas Market Trends
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future of global biogas were the three major steps undertaken to create and analyze the adoption of biogas across various segments in North America, Europe, Asia Pacific, & Rest of the world. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the biogas sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the biogas through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the biogas market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are as source and end use. Further regional & country-level analyses were conducted to evaluate the overall adoption of biogas in the global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of biogas. Further, we conducted factor analysis using dependent and independent variables like consumers awareness to use clean fuel which emits less carbon particles. Historical trends and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global biogas market, and market shares of the segments. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global biogas market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of source and end use.
The main objective of the Biogas Market Study
The current & future market trends of biogas were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends determine the overall attractiveness of the market at a global & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive regional & country level analysis of the industry
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February 11, 2025
