The global biogas market size was estimated at USD 65.53 billion in 2023 and is projected to reach USD 87.86 billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030. The industry is poised for steady growth due to increasing demand across multiple applications, including heat, electricity, upgraded biogas, vehicle fuel, and cooking gas.
A growing focus on renewable energy sources, particularly within the electric power sector, has accelerated the adoption of biogas for electricity generation. Additionally, the rising need to reduce dependence on fossil fuels is creating lucrative opportunities for biogas utilization in vehicle fuel applications.
The U.S. emerged as one of the largest biogas markets in North America in 2023 and is expected to expand at a substantial CAGR during the forecast period. Government initiatives aimed at achieving zero carbon emissions and reducing reliance on conventional fuels are major growth drivers. Favorable regulatory frameworks, strong political support, and advancements in agricultural and waste management systems are further bolstering market expansion.
In North America, biogas demand is primarily driven by the U.S., supported by increasing applications in cooking gas, electricity generation, vehicle fuel, and heat production. The region benefits from stringent environmental regulations, growing investments in refinery infrastructure, and a rising preference for sustainable energy solutions.
However, the abrupt onset of the COVID-19 pandemic disrupted manufacturing and industrial operations worldwide, reducing demand for biogas in heat generation and other industrial applications. As industries recover and sustainability goals gain prominence, the market is anticipated to regain momentum.
Key Market Trends & Insights
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Market Size & Forecast
Competitive Landscape
The global biogas market is highly competitive, characterized by the presence of leading international players. Key companies such as Air Liquide, PlanET Biogas, Wartsila, EnviTech Biogas AG, Robert Bosch GmbH, Asia Biogas, and Schmack Biogas GmbH dominate the market through large-scale operations and significant R&D investments.
Spanish firms are also taking major steps to promote biogas adoption. For example, in June 2020, Repsol, a Spanish energy company, announced the development of an industrial-scale biogas project, emphasizing the country’s commitment to renewable energy transition.
Key Companies Profiled
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Conclusion
The global biogas market is gaining traction as governments and industries increasingly prioritize sustainable and low-carbon energy alternatives. Rising investments in biogas infrastructure and favorable policies for renewable integration are enhancing market opportunities. Europe continues to lead due to strong regulatory backing, while North America and Asia Pacific show promising growth potential. The shift toward circular economies and waste-to-energy systems will remain key to driving long-term market expansion.