Biogas Market Size Worth Encompass USD 87.85 Billion By 2030
Biogas Industry Overview The global biogas market size was valued at USD 60.06 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The market is expected to witness growth on account of the rising product demand from various applications such as electricity, heat, vehicle fuel, upgraded biogas, and cooking gas. Shifting focus toward the use of renewable energy, particularly in the electric power sector, has significantly driven the demand for biogas in electricity applications. In addition, the increasing need to reduce dependency on fossil fuels is creating lucrative opportunities for biogas in vehicle fuel applications. Gather more insights about the market drivers, restrains and growth of the Global Biogas Market The U.S. is one of the largest markets for biogas in North America in 2021 and is projected to grow at a significant CAGR in terms of value over the forecast period. The United States government has introduc...