What is Global Biogas and Biomethane Market?
The global biogas and biomethane market is a rapidly evolving sector focused on producing renewable energy from organic materials. Biogas is generated through the anaerobic digestion of organic matter such as agricultural waste, manure, municipal waste, plant material, sewage, green waste, or food waste. Biomethane, on the other hand, is a purified form of biogas that can be used as a direct substitute for natural gas. This market is gaining traction due to its potential to reduce greenhouse gas emissions, provide a sustainable energy source, and contribute to waste management solutions. The increasing demand for renewable energy, coupled with supportive government policies and technological advancements, is driving the growth of this market. The global biogas and biomethane market is not only a solution for energy needs but also plays a crucial role in achieving environmental sustainability goals.
Agriculture Type, Sewage and Wastewater Type, Landfill Type, Others in the Global Biogas and Biomethane Market:
The global biogas and biomethane market can be categorized into several types based on the source of the organic material used for production. One of the primary sources is the agriculture type, which involves the use of agricultural residues, animal manure, and crop silage. This type is highly prevalent due to the abundance of agricultural waste and its high potential for biogas production. The process involves collecting organic waste from farms, which is then subjected to anaerobic digestion to produce biogas. This not only provides a renewable energy source but also helps in managing agricultural waste effectively. Another significant type is the sewage and wastewater type, which utilizes organic matter from sewage and industrial wastewater. This method is particularly beneficial for urban areas with large volumes of wastewater. The biogas produced from sewage and wastewater treatment plants can be used for electricity generation or upgraded to biomethane for use as a vehicle fuel or for injection into the gas grid. Landfill type is another important category, where biogas is extracted from the decomposition of organic waste in landfills. Landfill gas, primarily composed of methane and carbon dioxide, is captured and processed to produce biogas. This not only helps in reducing greenhouse gas emissions from landfills but also provides a valuable energy resource. Other sources include organic waste from food processing industries, breweries, and other industrial processes. These sources contribute to the overall biogas and biomethane production by utilizing organic waste that would otherwise be discarded. The diversity of sources for biogas and biomethane production highlights the versatility and potential of this market in addressing various waste management and energy needs.
Electricity Generation, Vehicle Fuel, Gas Grid in the Global Biogas and Biomethane Market:
The global biogas and biomethane market finds extensive usage in several key areas, including electricity generation, vehicle fuel, and gas grid injection. In the realm of electricity generation, biogas is used to produce electricity through combustion in gas engines or turbines. This process not only provides a renewable source of electricity but also helps in reducing reliance on fossil fuels. The electricity generated from biogas can be used to power homes, industries, and even feed into the national grid, contributing to the overall energy mix. In addition to electricity generation, biogas and biomethane are increasingly being used as vehicle fuels. Biomethane, in particular, is a clean and efficient alternative to conventional fossil fuels. It can be used in compressed natural gas (CNG) vehicles, providing a sustainable and low-emission transportation solution. The use of biomethane as a vehicle fuel is gaining popularity, especially in regions with stringent emission regulations and a focus on reducing carbon footprints. Another significant application of biogas and biomethane is in gas grid injection. Upgraded biomethane can be injected into the natural gas grid, providing a renewable substitute for natural gas. This not only helps in decarbonizing the gas supply but also ensures a continuous and reliable energy source. The integration of biomethane into the gas grid supports the transition towards a more sustainable energy system. Overall, the usage of biogas and biomethane in these areas demonstrates their potential to contribute to energy security, environmental sustainability, and economic development.
Global Biogas and Biomethane Market Outlook:
The global market for biogas and biomethane was valued at approximately US$ 86,530 million in 2023 and is projected to reach around US$ 96,160 million by 2030, growing at a compound annual growth rate (CAGR) of 1.5% during the forecast period from 2024 to 2030. Key players in this market include Gasrec, Future Biogas, VERBIO, Thorso Biogas, Staples Vegetables, Nature Energy, Asia Biogas, Deqingyuan, Mengniu, Shandong Minhe, J V Energen, and AltEnergo, collectively accounting for about 95% of the market share. The Asia-Pacific region dominates the market, holding a share of over 82%. Among the various product types, the agriculture type is the most common, representing over 71% of the market. In terms of application, electricity generation is the predominant use, with a share exceeding 98%. This market outlook underscores the significant role of biogas and biomethane in the global energy landscape, driven by the need for sustainable and renewable energy sources.
| Report Metric | Details |
| Report Name | Biogas and Biomethane Market |
| Forecasted market size in 2030 | US$ 96160 million |
| CAGR | 1.5% |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Gasrec, Future Biogas, VERBIO, Thorso Biogas, Staples Vegetables, Nature Energy, Asia Biogas, Deqingyuan, Mengniu, Shandong Minhe, J V Energen, AltEnergo |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
