Biogas Market Size To Hit USD 87.86 Billion By 2030
San Francisco, 17 January 2025: The Report Biogas Market Size, Share & Trends Analysis Report By Source (Municipal, Agricultural, Industrial), By Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas), By Region, And Segment Forecasts, 2024 - 2030 The global biogas market size was estimated at USD 87.86 billion in 2030 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. Electricity was the dominant application segment in 2021 with a revenue share of 29.85%. Shifting focus toward the use of renewable sources of energy, mainly in the electricity sector, has considerably boosted the demand for biogas in electricity applications. In addition, the growing need to reduce dependency on fossil fuels is forming lucrative prospects for biogas in applications such as vehicle fuel. The COVID-19 pandemic is also impacting the demand for biogas in heat generation applications. Sluggish industrial activ...