Global Compressed Biogas Market Size (2023 - 2030)

The Global Compressed Biogas Market was estimated to be worth USD 38.97 Billion in 2022 and is projected to reach a value of USD 74.79 Billion by 2030, growing at a fast CAGR of 8.49% during the forecast period 2023-2030.

Industry Overview:

The term "biogas" describes a group of gases produced by the anaerobic breakdown of organic material, such as plant residue, municipal trash, agricultural waste, and food waste. This gas is made up of carbon dioxide, methane, moisture, and very small amounts of hydrogen sulphide.  Given that it is reliant on the production of garbage, it is seen as a renewable energy source. One of the key reasons driving the organic biogas market trends is the rising investor interest in biogas plants and the intense focus on clean energy to reduce GHG emissions. For instance, GAIL (India) Ltd. invested over $673.1 million in 2021 to establish compressed biogas and ethanol plants as well as assemble a portfolio of at least 1 GW of renewable energy. The goal of this program was to increase the amount of cleaner fuel that is available for use in homes and cars.

The biogas is compressed into Compressed Bio-Gas (CBG), which has a methane (CH4) content of more than 90%, after being processed to remove hydrogen sulphide (H2S), carbon dioxide (CO2), and water vapor. CBG can be used as a green, renewable car fuel because it has a calorific value and other characteristics that are similar to those of CNG. Given the volume of biomass available in the nation, it can thus replace CNG in automotive, industrial, and commercial locations. Raw biogas, a mixture of CO2 and methane, can be compressed to at least 300 bar and transported in composite gas cylinders. Operational conditions (temperature, pressure) that result in the creation of two phases should be avoided (liquid and gas). After purification and moisture removal, biogas is compressed up to 4 bars and then placed in an LPG cylinder to make it appropriate for cooking applications. In addition to producing electricity, biogas plants also produce organic manure, which helps with issues related to waste management and maintaining a clean environment.

COVID-19 impact on the Compressed Biogas Market

The Compressed Biogas Market has suffered because of the COVID-19 outbreak. For the Nepali Mount Everest Biogas Project, for example, much of the preliminary work was stopped. In addition, COVID-19 makes it likely that India won't meet its target of 15 million m3 of biogas generation by 2023. Rising electricity consumption and a growing interest in alternative fuels as a means of achieving an unbreakable form of energy and security are the main factors driving the Compressed Biogas Market. Still a lack of public knowledge and understanding regarding biogas as an energy source is anticipated to impede market expansion. Due to manpower and logistical shortages, the current coronavirus pandemic crisis has had an impact on the marketing and manufacturing of agricultural products. Players in the agriculture sector in countries like India have suffered horrendous financial effects as a result of the disruption in consumption patterns brought on by the growing pricing of various food commodities. The sharp decline in agricultural activity and the ensuing drop in the output of agricultural wastes may hinder the prospects for the organic biogas industry. However, in reaction to the crisis, there has been a greater emphasis on clean technology to expand access to energy. Many nations are aware of the possibilities offered by low-carbon technology for constructing dependable and sustainable energy networks while generating employment and stimulating economic growth. Thus, in the years to come, the industry may benefit from the increased emphasis on the utilization of renewable energy sources.

Market Drivers:

Growing Demand for Renewable Energy Sources Will Fuel the Growth of the Compressed Biogas Market.

The Compressed Biogas Market is being driven by the growing need for non-polluting, clean energy sources to address rising energy demands that are environmentally friendly. As biogas is a safer way to dispose of garbage and maintain a clean environment, the growing population and rising generation of solid waste are boosting the market growth of this product. The Compressed Biogas Market is also being greatly stimulated by the high cost and unavailability of non-renewable energy sources, such as fossil fuels.

Biogas will play a significant role in the years to come as the demand for renewable energy sources rapidly increases.

Refined biogas, also known as green gas, biomethane, or PNG, replaces conventional fossil fuels and can be used to generate power and heat as well as to be injected into the gas matrix. The primary renewable energy source that can be used to generate heat, force, gas, and fluid fills is biomass. The energy produced by biogas is both environmentally friendly and incredibly adaptable. In contrast to other renewable energy sources like wind or solar energy, the production of biogas is very slightly impacted by the weather.

Market Restraint:

Strict governmental rules are imposed which hampers the growth of the Compressed Biogas Market.

Government rules and policies may have an impact on a bioenergy plant's viability and future course of action. Regulations, targets, commands, impetuses, tax laws, and guidelines are a few examples of policy tools that can be used to impact bioenergy activities. Every biomass is unique, and there are differences in how intricate the methods and rules are for each. The plans and laws that apply to the project may include zones for the environment, clearing vegetation, petroleum/gas, power, transport, local improvement, health, and safety, depending on the region and the bio-energy plant.

COMPRESSED BIOGAS MARKET REPORT COVERAGE:

This research report on the Compressed Biogas Market has been segmented and sub-segmented based on feedstocks, application, and region.

Compressed Biogas - By Feedstock

• Bio-municipal Waste

• Agriculture Residue

• Energy Crops

• others

The market was dominated by the Agriculture Residue category. Organic waste produced in any farming-related operations is included in agricultural trash. According to figures on global bioenergy, the energy produced from agricultural waste can provide between 3 and 4% of the world's total energy supply. The forecast period is anticipated to see a tremendous increase in energy crops. Corn, wheat, and soybean crop wastes are widely available in many states in the United States and may all be digested to produce this gas.

Compressed Biogas - By Application

• Power Generation

• Heat Generation

• Transportation

• Upgraded Biogas

• Cooking Gas

Global electricity production has steadily increased over the past ten years as a result of rising energy demand brought on by population growth, industrialization, and urbanization. Global electricity production increased from 21570.7 Terawatt-hours (TWh) in 2010 to 2752.52 TWh in 2021. The power sector relies on biogas as a key source of electricity generation, which helps to achieve the global goals of the switch to clean energy. The production of power from biogas is a recognized technology that is being widely used throughout the world. The World Biogas Association (WBA) claims that biogas can provide renewable energy from the world's food waste, industrial production wastes, feedstocks from agriculture, and sewage while reducing global GHG emissions by 10–13%.

Compressed Biogas - By Region

• North America

• South America

• Europe

• Asia-Pacific

• Rest of the World

The biggest market share is anticipated to be held by North America during the forecast period. North American biogas production is about to experience a significant increase. For natural gas distribution networks, work is being done to develop a single quality standard that will permit supply from unconventional sources like biomethane. The United States and Canada have focused on green energy and exciting potential. Although biogas energy is still in its infancy in Canada, there is much potential for expansion, which would improve communities all over the country. The generation of biogas has numerous advantages for the use of energy, the preservation of the environment, and the growth of the economy. In Canada, the generation of biogas is a modest but expanding business with substantial growth potential.

Compressed Biogas Market Share by Company

1. Acrona Systems

2. Ros Roca Envirotec

3. Kohler & Ziegler

4. Guild Associates

5. MT-Energie

6. DMT Environmental Technology

7. Greenlane

8. Cirmac, Xebec Adsorption

9. CarboTech (International Chemical Investors)

10. DGE GmbH

11. Air Liquide 

12. EnviTec

are a few notable companies that compete in the organic biogas market. Others include Gasrec Ltd., Cryonorm BV, Next Kraftwerke GmbH, Dreyer these businesses are taking steps to diversify their product offerings, form alliances, and make acquisitions to increase their market share globally.

NOTABLE HAPPENINGS IN THE COMPRESSED BIOGAS MARKET IN THE RECENT PAST:

• Expansion: Wärtsilä announced on January 5th, 2021, that it would be supplying two large-scale biogas upgrading units to various locations in Denmark. The two facilities would be built in the towns of Kong and Kvaers. Each year, these facilities would convert more than 40 million Nm3 of biogas into biomethane. They would produce about 470 GWh of green gas energy, or enough to fuel more than 45,000 automobiles. By 2022, the facilities will probably start injecting biomethane into the Danish gas system