Biogas Market Forecast: USD 147.08 Billion by 2034 with 6.30% CAGR Growth
The biogas market is estimated to be worth USD 79.84 billion in 2024 and is projected to be valued at USD 147.08 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 6.30%.
The desire to minimize greenhouse gas emissions and the global trend towards renewable energy sources in response to climate change concerns is a primary factor driving the expansion of the biogas market. As a renewable energy source, biogas is essential for lowering dependency on fossil fuels and diversifying the energy mix.
Feed-in tariffs, renewable energy objectives, tax credits, and grants are examples of supportive government policies and incentives that encourage investment in biogas projects and foster a favorable market environment. These regulations give biogas producers incentives and financial security, which propels market expansion.
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