Title: Global Biogas Market: Top 3 Applications | Forecast 2022-2030
1Global Biogas Market Top 3 Applications By
Sukanya Mukherjee Biogas is a gas mixture
produced by breaking down organic matter without
oxygen. Processes such as anaerobic digestion and
landfill are used to generate biogas. Primarily
containing methane and carbon dioxide, biogas has
several advantages over fossil fuels in
applications like CHP plants, commercial use,
domestic stoves, and transportation. Inkwood
Research predicts that the global biogas market
is expected to surge with a 4.42 CAGR during the
forecast years 2022-2030. Factors such as
supportive government policies and regulations
and the need to reduce emissions will likely aid
the overall market growth over the forecast
period. Moreover, several countries have recently
witnessed increasing investments in the biogas
industry. For instance, in May 2022, the
Government of Canada and the Government of Quebec
announced joint funding of CAD 100 million for
the expansion of the bio mechanization facilities
owned by the Société d'économie mixte de l'est de
la Couronne sud (SEMECS) in Montérégie. The
expansion includes installing a new organic
material receiving area with a pit, adding three
new digesters, installing an Énergir gas transfer
platform and expanding the capacity to 120,000
tons per year.
Top Applications of Biogas across Market
Verticals Our analysis suggests that the global
biogas market can be divided into three major
applications - biofuel production, electricity
generation, and heat generation.
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Biofuel Production
2- In the past few decades, the world has been
highly dependent on fossil fuels, such as coal
and crude oil, which were the major causes of
greenhouse gas emissions. In recent years, many
countries have planned to start phasing out coal
energy to cleaner energy sources, such as natural
gas and renewables. In several countries, biogas
has increasingly been upgraded to compressed
biomethane (CBG), a renewable version of
compressed natural gas (CNG), for use in cars and
buses. As a result, global market players are
investing significantly to establish biofuel
manufacturing plants globally. - For instance, in September 2021, Shell PLC
announced an investment to build an 820,000 tons
per year biofuels facility at the Shell Energy
and Chemicals Park Rotterdam, the Netherlands.
Once built, the facility will be among Europe's
biggest in producing sustainable aviation fuel
(SAF) and renewable diesel from waste. The
Rotterdam biofuels facility is expected to start
production in 2024. - Electricity Generation
- There is a rapid surge in electricity generation
globally owing to accelerating energy demands
from urbanization, industrialization, and
expanding population levels. Burning wood and
wastes generate steam in biomass power plants
that may be used to generate heat in buildings
businesses or to drive a turbine to produce
electricity. In 2021, global electricity
generation exceeded 2752.52 Terawatt-hours (TWh),
rising from 21570.7 TWh in the year 2010. - Furthermore, as per World Biogas Association
(WBA), around 10-13 of the global greenhouse
gases (GHG) can be reduced with the help of
biogas produced from sewage, industrial
production wastes, food waste, and feedstocks
from agriculture. The optimization of fuels and
reduction in GHG is predicted to significantly
impact electricity generation in South America,
Asia-Pacific, Africa, and other developing
regions, which are majorly investing in several
strategies to boost the role of biogas in
electricity generation. - Heat Generation
- One of the simplest use of biogas is for thermal
(heat) energy. In areas where fuels are scarce,
biogas systems can provide heat energy for basic
cooking and water heating functionalities.
Gaslighting systems can also use biogas for
illumination. The biogas uses a heating plant and
combined heat and power (CHP) to generate heat. - Furthermore, various countries are investing in
biogas-based projects due to energy security
concerns and lowering the dependency on fossil
fuels. For instance, in May 2022, with a total
investment of around 16.8 million, Kelag Energie
Warme announced its plans to build a biomass
power plant to supply heat in a municipality in
some parts of Vorarlberg. Hence, with the
increasing demand for heat generation through
clean energy sources coupled with supportive
government policies and investment, the biogas
market for heat generation applications is
expected to witness significant growth during the
forecast years. - Applicability of Biogas Future Prospects
- When biogas is conditioned or upgraded to
pipeline-quality natural gas, it becomes
renewable natural gas (RNG). The future uses of
renewable natural gas are expected to depend on
the development of renewable resource markets. As
a result of high oil prices and limited renewable
fuel options, biogas in
the transportation industry will likely be a key
demand driver. Moreover, biogas is a low-cost
option for
3- zero-carbon transportation fuel. Therefore,
several industries will potentially consume the
majority of renewable biogas produced.
Ultimately, technological advances are expected
to determine the prospects of renewable natural
gas, but its success also depends on a level
playing field in energy policy, determining the
growth of the global biogas market. - Frequently Asked Questions (FAQs)
- Which regions are assessed in the global biogas
market? - A Europe, North America, Asia-Pacific, and Rest
of World are assessed in the global biogas
market. - Which key segments are analyzed in the global
biogas market report? - A Source type and application segments are
analyzed in the global biogas market report.