Market Size of Biogas Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Biogas Market Analysis
The Biogas Market size is expected to grow from 23.86 gigawatts (GW) by the end of next year to 29.75 GW after five years, at a CAGR of 4.51% during the forecast period.
- Over the long term, supportive government policies and regulations and diversifying areas of applications are expected to drive the growth of the market studied.
- On the other hand, increasing competition from alternate renewable energy sources is expected to hamper the growth of biogas during the forecast period.
- Nevertheless, the technological advancements and innovations in the biogas industry will likely create lucrative growth opportunities for the market in the forecast period.
- The Europe region is likely to dominate the market during the forecast period. This growth is attributed to the increasing investments, coupled with the adoption of power and heat generation in the countries of this region, including Germany, the United Kingdom and Italy.
