United Kingdom biogas market is poised for substantial growth, projected to reach US$ 58 billion by 2033. This growth reflects a notable CAGR of 6.4% from 2023 to 2033, driven by the increasing preference for biogas across various applications, including vehicle fuel, cooking gas, heat, electricity, and upgraded biogas.
In the United Kingdom, there are currently 686 anaerobic digestion (AD) plants in operation, collectively capable of generating 2,721 megawatts of biogas. These facilities contribute significantly by reducing the nation’s annual greenhouse gas emissions by 1%, achieved through the prevention of methane emissions from waste and the production of green gas and biofertilizer. By maximizing the collection and processing of all organic waste through AD technology, this reduction could potentially increase to 6% by 2030.
The government is promoting biofuel and biogas in emerging nations and assisting the industry expansion with several programs. During the anticipated time, this element will fuel the worldwide biogas market’s expansion.
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The usage of biogas is widespread since it is seen as a safe and organic fuel. Over the anticipated term, the expanding use of biogas in various applications including vehicle fuel, cooking gas, heat, electricity and upgraded biogas is generating abundant prospects for the progress and expansion of the global biogas market.
The demand for clean energy and low-carbon power is increasing, which is promoting the growth of the global biogas industry. Biogas is now being used to generate power in regions like Europe and North America. Additionally, many nations are cooperating, creating alliances, and concluding agreements to reduce greenhouse gas emissions and carbon emissions. The worldwide biogas market is expanding quickly as a result of this aspect.
Europe dominates the global biogas market. The construction of biogas facilities will be fueled by the ongoing shift toward a sustainable and circular economy and the growing emphasis on efficient ways to handle the waste. For the growth of the market, the European Union’s government is heavily spending on research and development.
Key Takeaways
- With a CAGR of 6.4%, the United Kingdom biogas market is expected to grow significantly during the forecast period.
- With a CAGR of 6.2% throughout the research period, Germany is predicted to grow rapidly in the market for biogas by 2033.
- The agriculture category of the biogas market’s source segment is predicted to develop at a CAGR of 6.4% through 2033.
- In the market for biogas, the electricity section of the application category is estimated to showcase a CAGR of 6% over the forecast period.
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Competitive Landscape
Key companies in the biogas market are BioConstruct, EnviTec Biogas AG, Wärtsilä, Ductor, Air Liquide, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, Greenlane Biogas and others.
To increase their biogas market share, these businesses have employed some strategies. They have employed both organic and inorganic development strategies, such as new product releases, acquisitions, corporate expansions, and collaborations, to boost its clientele and income.
Recent Developments
- In January 2022, with the German electricity trading firm Next Kraftwerke in Cologne, BioConstruct declared that it had signed a power purchase agreement (PPA). Delivering power from its biogas plants to its clients’ facilities is the responsibility of BioConstruct. The fixed-price PPA includes 86 biogas CHP units altogether.
- In April 2020, in Northern Poland, Ductor stated that it will be constructing three combination biofertilizer/biogas plants. The installed capacity of the first two of these plants is 0.5 MW, and the third will be 1 MW.
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Key Segmentation
By Source:
- Agriculture
- Municipal
- Industrial
- Others
By Application:
- Electricity
- Heat
- Vehicle Fuel
- Others
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