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Biogas Market to Reach $37.02 Billion by 2028; Dwindling Dependency on Conventional Power to Uplift Market Potential

August 06, 2021 | Energy & Power

The global biogas market size is expected to reach USD 37.02 billion by 2028. The increasing demand for clean energy sources is expected to spur opportunities for the market, mentioned in a report, titled “Biogas Market Size, Share & COVID-19 Impact Analysis, By Feedstock (Organic Residue & Wastes {Biowaste, Municipal & Sewage, Agricultural Waste, and Others}, and Energy Crops), By Application (Electricity Generation, Heating, Combined Heat and Power, and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 24.03 billion in 2020 and is expected to exhibit a CAGR of 5.4% between 2021 to 2028.


Acquisition of Wisconsin Dairy Biogas Project by Brightmark to Stimulate Growth


Brightmark Energy, a San Francisco-based waste and energy development company announced that it has acquired an anaerobic digester northwest of Madison, Wisconsin, that will convert 90,000 gallons per day of dairy waste from three local farms into biogas and other useful products. Post-installation of gas upgrade equipment will produce enough renewable natural gas (RNG) to replace at least 50,000 MMBtu of conventional natural gas each year. This is equivalent to travel 1.27 million miles in a compressed natural gas (CNG) bus, or from San Francisco to New York and back over 200 times. Brightmark Energy acquired the digester from Clean Fuel Partners. This anaerobic digestion claims to reduce local pollution and greenhouse gas emissions. Moreover, the process recovers most of the nitrogen and phosphorous from manure and utilizes nutrients to create balanced biofertilizers that help grow local crops. The acquisition by the company is expected to create lucrative opportunities for the market owing to the anaerobic digestion to prevent greenhouse gas emissions from the dairy manure.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/biogas-market-100910


Rising Renewable Energy Demand to Augment Business


The implementation of environmental protection regulations by authorities to produce cleaner and environment-friendly energy resources will foster the healthy growth of the market. The rising focus on renewable energy to reduce dependency on conventional power generation will spur the demand of the market. The growing investments in bioenergy, including solar, wind, and geothermal energy have reduced the dependency on coal and other fossil fuels. Moreover, bioenergy is one of the major sources of renewable energy, holding more than 50% share in the world’s total renewables consumption. Also, the unavailability of fossil fuels and surging environmental issues are expected to fuel demand for biogas in the foreseeable future.


Enlargement of Production Capacities by Industry Players to Stimulate Growth


The eminent players in the market are focused on expanding their production processes to reinforce their position in the industry. Companies are launching new plants and revamping existing ones to hold a significant share in the market. For instance, in May 2020, Weltec Biopower announced the development of a biogas plant in Veria, Greece. The main investor of the project is one of the largest abattoirs for cows and pigs in Greece. Similarly, in February 2020, Brightmark Energy company announced plans to expand its project, partnering with six total farms in the region.


Notable Development:



  • April 2020: Ductor, a Finnish Swiss biotech company, announced three combined biofertilizer-bio-gas facilities in northern Poland. The new facilities are in Poland's Zachodniopomorskie region. Two of the new plants have installed capacity of 0.5MW, and the third will be 1MW.

  • March 2021: Metro Vancouver and FortisBC Energy signed an agreement to achieve regional climate action goals in British Columbia (BC) with the introduction of a new biogas plant at a wastewater treatment plant (WWTP).         


The Report Lists the Key Companies in the Biogas Market:



  • Future Biogas Limited (U.K.)

  • Air Liquide (France)

  • PlanET Biogas Global GmbH (Germany)

  • WELTEC BIOPOWER GmbH (Germany)

  • Scandinavian Biogas Fuels International AB (Sweden)

  • EnviTec Biogas AG (Germany)

  • Ameresco (U.S.)

  • Quantum Green (India)

  • AB HOLDING SPA (Italy)

  • RENERGON International AG (Switzerland)

  • StormFisher (Canada)


Further Report Findings:



  • Regional Analysis: The market in Asia Pacific is expected to rise tremendously during the forecast period owing to the favorable environmental regulations. The market in North America is predicted to witness a significant growth rate owing to the growing production of biogas in the U.S. For instance, the U.S. has more than 2,200 plants for producing this gas in all 50 states, i.e., 253 anaerobic digesters on farms, 1,269 water resource recovery facilities utilizing anaerobic digesters.

  • Leading Segment: The heating segment is expected to hold a significant share during the forecast period owing to the increased renewable energy production in heating and cooling. The transportation segment is expected to account for the largest share owing to the imposition of stringent government regulations regarding carbon emissions across the globe


Table of Segmentation:














































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historic Period



  2017-2019



Unit



  Value (USD Billion) & Volume (Million Cubic Meters)



Segmentation



  By Feedstock; Application; and Region



By Feedstock




  • Organic Residue & Wastes

    • Biowaste, Municipal, Sewage

    • Agricultural Waste

    • Others



  • Energy Crops



By Application




  • Electricity Generation

  • Heating

  • Combine Heat & Power (CHP)

  • Others



By Region




  • North America

    • By Feedstock

    • By Application

    • By Country

      • U.S.

      • Canada





  • Europe

    • By Feedstock

    • By Application

    • By Country

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Netherlands

      • Rest of Europe





  • Asia Pacific

    • By Feedstock

    • By Application

    • By Country

      • China

      • India

      • Australia

      • Southeast Asia

      • Rest of Asia Pacific





  • Latin America

    • By Feedstock

    • By Application

    • By Country

      • Brazil

      • Mexico

      • Rest of Latin America





  • Middle East & Africa 

    • By Feedstock

    • By Application

    • By Country

      • GCC

      • South Africa

      • Rest of the Middle East & Africa






Biogas Market
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  • 2020
  • 2017-2019
  • 220

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