Biogas Market Share by Manufacturers 2030
Biogas Market Growth & Trends The global biogas market size is expected to reach USD 87.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2022 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. Biogas Market Segmentation Grand View Research has segmented the global biogas market based on source, application, and region: Based on the Source Insights, the market is segmented into Municipal, Industrial and Agricultural. The municipal source segment led the market and accounted for 41.55% revenue share in 2021. The growing u...