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Biogas Market Size
- Report ID: GMI1238
- Published Date: Jan 2024
- Report Format: PDF
Biogas Market Size
Biogas Market was valued at USD 89 billion in 2023 and is projected to grow at a CAGR of over 4.2% between 2024 and 2032. Biogas is a renewable energy source produced through the anaerobic digestion of organic matter, such as agricultural residues, municipal waste, or wastewater. The process involves the breakdown of organic materials by microorganisms in the absence of oxygen, leading to the production of biogas, which primarily consists of methane (CH2) and carbon dioxide (CO2).
Increasing emphasis on sustainable and renewable energy sources along with shifting focus toward cleaner alternatives to traditional fossil fuels will contribute to the overall expansion of the biogas market. Implementation of supportive policies by the government, large scale investments by various enterprises worldwide along with commitments to reduce greenhouse gas emissions will drive the business scenario.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Biogas Market Size in 2023: | USD 89.3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.2% |
| 2032 Value Projection: | USD 128.6 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 880 |
| Tables, Charts & Figures: | 1,392 |
| Segments covered: | Substrate, Size, Technology, Process, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Biogas Market Scope
