“Unlocking the Potential: Biogas Market Projected to Reach USD 93,679.9 Million by 2034 with a Strong CAGR of 8.1% – Future Market Insights” 

Future Market Insights Global and Consulting Pvt. Ltd. 11 min read Future Market Insights Global and Consulting Pvt. Ltd. The global Biogas Market is projected to grow from USD 43,052.7 million in 2024 to USD 93,679.9 million by 2034, at a CAGR of 8.1%, driven by increasing demand for renewable energy and waste management solutions. Key growth areas include electricity generation, transportation, and integration with circular economy models.NEWARK, Del, Nov. 27, 2024 (GLOBE NEWSWIRE) — The biogas market is gaining traction globally as a sustainable and renewable energy source. Valued at USD 43,052.7 million in 2024, the market is projected to grow at a CAGR of 8.1% during the assessment period, reaching USD 93,679.9 million by 2034. This growth is primarily fueled by rising energy demands, the need for effective waste management, and increasing investments in renewable energy technologies.Biogas, produced through anaerobic digestion of organic waste, is becoming a preferred energy solution due to its environmental benefits and economic potential. Its applications span electricity generation, heating, and vehicle fuel, with growing use in industries and residential setups globally.Demand Analysis Increasing adoption of renewable energy sources due to environmental regulations. Rising global energy consumption prompting investments in alternative energy solutions. Accelerated demand for biogas as vehicle fuel due to its low carbon emissions. The push for circular economy initiatives, emphasizing resource efficiency. Advancements in biogas upgrading technologies enhance production efficiency. “The biogas market is experiencing exponential growth due to the dual benefits of energy generation and waste management. Government incentives and private investments in renewable energy projects are expected to drive market expansion further over the next decade,” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).Key Takeaways from the Biogas Market Study The biogas market size will grow from USD 43,052.7 million in 2024 to USD 93,679.9 million in 2034. Anticipated CAGR during the forecast period: 8.1%. Y-o-Y growth rate is projected at 7.8% over the forecast period. Electricity generation is the largest application segment, driven by the transition to renewable energy sources. Asia Pacific is emerging as the fastest-growing regional market, led by increasing investments in renewable energy infrastructure. Waste management initiatives and favorable policies in Europe make it the largest revenue-contributing region. Biogas Market Trends and Restraints AssessmentTrends Government Policies and Incentives: Subsidies, tax benefits, and funding for renewable energy projects are propelling biogas market growth. Technological Advancements: Innovations in anaerobic digestion and biogas upgrading technologies are improving production efficiency and reducing costs. Growing Adoption in Transportation: The use of compressed b