Biogas and Biomethane market size was accounted for USD 4.5 billion in 2023, is projected to reach USD 8.1 billion by 2031, with a CAGR of 6.5% during the forecast period of 2024 to 2031.
Biogas and biomethane today account for less than 3% of total bioenergy demand, and represent an even smaller 0.3% share of total primary energy
The future of biogas and biomethane cannot be considered separately from the broader context of the global energy system. There is a huge range of possible futures for global energy, depending on the pace of technological innovation, the ambition of energy policies, market dynamics, societal trends and many other factors.
The biogas and biomethane market has emerged as a pivotal player in the global transition towards sustainable energy solutions. Biogas, produced through the anaerobic digestion of organic matter such as agricultural waste, sewage sludge, and food scraps, is a renewable energy source with significant potential for reducing greenhouse gas emissions and mitigating climate change. Biomethane, a purified form of biogas primarily composed of methane, holds particular significance due to its compatibility with existing natural gas infrastructure and its potential to serve as a reliable and environmentally friendly alternative to fossil fuels.
The market for biogas and biomethane is witnessing rapid growth driven by various factors, including increasing environmental concerns, stringent regulations aimed at reducing carbon emissions, and growing demand for renewable energy sources. Furthermore, advancements in biogas purification technologies, coupled with favorable government incentives and subsidies, are fostering market expansion and attracting investments from both public and private sectors.
