Market Size of Biogas Plant Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | 3.15 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Biogas Plant Market Analysis
The biogas plant installed capacity is expected to register a CAGR of 3.15% during the forecast period, 2022-2027, reaching a value of 21.5 GW by 2027 compared to 17.46 GW in 2020. The COVID-19 outbreak had a minor impact on the biogas plant market, with no major delay in projects. Projects like the Gandari biogas plant project in Nepal witnessed no major negative impact during the COVID-19 pandemic. With the increasing rate of pollution, many countries worldwide are putting emphasis on reducing carbon emissions. Using renewable sources, such as biogas, can help reduce the increasing carbon footprint and thereby reduce the average rate of the increasing temperature of the world. The biogas plants market is primarily driven by the supporting government policies and increasing share of biogas and biomethane blends. However, the biogas plant market can be obstructed by the increasing use of alternate renewable energy sources and high primary investment and installation costs.
- Small-scale digesters are expected to witness significant growth during the forecast period, mainly owing to the low capital requirement and demand in growing economies.
- Technological advancements and innovations in the biogas industry are also likely to serve as an opportunity for the market. Dendro Liquid Energy (DLE), Home Biogas, and BioBang are a few technologies that have attracted new players and driven the market further.
- As of 2021, Europe was the largest biogas producer owing to a large base of biogas facilities, with the majority situated in Germany and Italy.
