Biogas Plant Global Market Report 2024

The global biogas plant market has grown rapidly in recent years. It will grow from $3.81 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed in the historical period can be attributed to several key factors. Firstly, regulatory milestones played a significant role, setting the framework for the development and adoption of biogas technologies. Initiatives focused on urban waste management were instrumental in fostering growth, aligning with sustainability goals and waste reduction strategies. Early market development efforts laid the groundwork for the establishment of biogas applications. Pioneering uses of biogas in various applications contributed to the expansion of the market. Community and rural initiatives, driven by a need for sustainable energy solutions, played a role in the growth trajectory. Additionally, public awareness and education campaigns increased understanding and acceptance of biogas technologies, further supporting their development.

The global biogas plant market is expected to see rapid growth in the next few years. It will grow to $6.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The anticipated growth in the forecast period can be attributed to the expansion of bio-CNG and biofuel markets, ongoing urban infrastructure development, the implementation of circular economy strategies, a heightened focus on waste management, and increased integration with agriculture for sustainable practices. Major trends expected in this period encompass the rising demand for renewable energy, government incentives and policies supporting sustainable initiatives, alignment with climate change mitigation goals, rural development initiatives emphasizing energy sustainability, and continuous technological advancements in the bioenergy sector. These trends underscore the industry's response to evolving market dynamics and a commitment to environmentally friendly practices.

The biogas plant market is experiencing significant growth propelled by the increasing adoption of renewable energy sources globally. Renewable energy, derived from natural sources, includes bioenergy sources like biogas and biomethane. Major developing countries are actively transitioning to renewable energy due to its lower CO2 emissions compared to conventional sources. Biogas plants play a crucial role in this transition, contributing to the generation of renewable energy. As per data from the International Energy Agency, the global renewable energy share is projected to reach 33% by 2025, underscoring the escalating reliance on renewable sources and driving the growth of the biogas plant market.

The biogas plant market is witnessing growth driven by the imperative need to address the escalating levels of CO2 emissions. Carbon dioxide (CO2) emissions, primarily from human activities like burning fossil fuels and industrial processes, pose environmental challenges. Biogas plants emerge as a crucial solution, mitigating CO2 emissions by converting organic waste into a renewable energy source. According to the International Energy Agency, global CO2 emissions from industrial processes and energy combustion increased by 0.9% (321 Mt) in 2022. This alarming increase underscores the pivotal role of biogas plants in combating the rising carbon footprint and driving market expansion.

Strategic partnerships are emerging as a prominent trend in the biogas plant market, with major companies actively seeking collaborations to fortify their market positions. In June 2022, Belenergia s.a., a France-based renewable energy project developer, joined forces with PRODEVAL, a French biogas producer and treatment company. This collaborative effort allows the exchange of expertise within the biogas sector. Furthermore, in September 2023, Bilfinger SE, a German engineering and industrial services company, entered into a partnership with Reverion GmbH. This strategic collaboration focuses on commercializing and industrializing Reverion's innovative fuel cell-based modular power plant, introducing an efficient and ecological method of energy production to the market. Such strategic partnerships underscore the collaborative growth approach within the biogas plant market.

Major players in the biogas plant market are strategically investing in facilities dedicated to biogas plant manufacturing. This involves the physical location where components for biogas plants are produced, assembled, and fabricated. For instance, in June 2023, JSFC Sistema, a Russia-based diversified investment company, launched a biogas plant manufacturing facility. This facility has the capacity to produce 100,000 prefabricated biogas plants annually, catering to the needs of large dairies and food industries as well as small-scale farmers.

In March 2021, Italy-based petroleum refineries company Eni SpA made a significant acquisition by acquiring FRI-EL Greenpower for an undisclosed amount. This strategic move is aligned with Eni's commitment to eliminating all emissions from its industrial processes and products by 2050. FRI-EL Greenpower, the acquired company, specializes in the development of biogas power plants in Italy. This acquisition positions Eni to strengthen its presence in the renewable energy sector and reinforces its dedication to environmental sustainability.

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, and Xebec Adsorption Inc.

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. The countries covered in the biogas plant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of biogas plants are small-scale digesters and medium-to-large-scale digesters. Small-scale digesters are ideal for processing modest amounts of organic and food waste, with a production capacity of up to 80 kW (Kilowatt-hours). The various types of digesters employed include dry anaerobic digesters and wet anaerobic digesters. Diverse feedstocks, such as energy crops, agricultural residues, and bio-municipal waste, are utilized in these plants for applications in power generation, heat generation, and transportation.

This report provides biogas plant market statistics, including biogas plant industry global market size, regional shares, competitors with a biogas plant market share, detailed biogas plant market segments, market trends and opportunities, and any further data you may need to thrive in the biogas plant industry. This biogas plant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The biogas plant includes revenues earned by entities by providing biogas digester services, biogas piping services, stirring facilities, and heating systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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