Biogas Blending Market size is anticipated to reach USD 690 Billion by the end of 2036, expanding around 18.5% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of biogas bending was over USD 90 Billion. A lot of nations and areas have set high goals for renewable energy as part of their plans to mitigate climate change. Blending biogas is becoming more and more popular as a way to meet these goals. In an effort to lower carbon emissions and raise the proportion of renewable energy in the total energy mix, governments and energy regulators are aggressively pushing the mixture of biogas and natural gas. By 2028, electricity generated worldwide will come from renewable sources at a rate of over 42%, with solar and wind power producing 25% of the total.
Technological developments in biogas upgrading are making it possible to produce high-grade biomethane that can be combined with natural gas. Modern technologies including membrane separation, water scrubbing, and pressure swing adsorption (PSA) have improved in scalability, efficiency, and cost. These developments have helped make biomethane more dependable and readily available for mixing applications.
Growth Driver
Challenges
Base Year |
2023 |
Forecast Year |
2024 - 2036 |
CAGR |
~18.5% |
Base Year Market Size (2023) |
USD 90 Billion |
Forecast Year Market Size (2036) |
USD 690 Billion |
Regional Scope |
|
Application (Gas Grid, Boilers, Furnaces, Heating)
In terms of application, the gas grid segment is anticipated to dominate the biogas blending market by reaching 40% by the end of 2036. The gas grid is dependable for efficient gas dispersion, which is associated with gas sources, over the specific locale or zone for gas-related applications. Gas frameworks of all countries are interconnected with each other, which guarantees satisfactory accessibility and rise to the dispersion of common gas in all parts of the nation. In India, alone, around 17,000 Km of normal gas pipelines are as of now in operation. Biogas mixed characteristic gas would effectively adjust to this gas lattice framework and offer assistance to accomplish the decarbonization of gas arranged around the world. In today's world, where mindfulness around the natural affect is expanding by utilization of common gas, the existing gas network foundation is anticipated to assist disperse biogas mixed normal gas. This, in turn, is expected to boost the biogas mixing showcase advancement amid the figure period.
Product (Agricultural Waste, Organic Waste)
Based on product, organic waste segment in the biogas blending market is set to hold the largest revenue share of 80% during the forecast period. Organic waste is the dominant segment of the biogas blending market and accounts for a significant share over the forecast period. It is easy to obtain large quantities of organic waste such as food waste and sewage sludge, making it a reliable source of feedstock. In addition, compared to the yield of biogas as well as its environmental benefits and popularity on the market for blending biofuels, organic waste is a significant source of agricultural waste.
Our in-depth analysis of the global biogas blending market includes the following segments:
End Use |
|
Product |
|
Blending Ratio |
|
Application |
|
European Market Forecasts
The biogas blending market in the Europe region is set to hold the largest revenue share of 33% during the projected period. Within the showcase expanding the request for renewable vitality has executed vigorous approaches and motivating forces to advance biogas mixing in the region. The dominance of Europe within the biogas mixing showcase is due to the well-established normal gas foundation, which gives a prepared stage for biogas mixing integration the existing pipeline organize and gas capacity offices empower the proficient mixing and dispersion of biogas. Europe leads the way for numerous employments of biogas mixing it has 10 gigawatts of power generation over 17,400 biogas plants and produced 61 terawatt-hours of biogas power in 2022. Europe's commitment to renewable vitality targets and rigid natural directions have impelled the appropriation of biogas mixing as an implication to decrease nursery gas emanations and accomplish supportability objectives.
North American Market Statistics
The biogas blending market in the North America region is estimated to grow significantly during the anticipated period. Given the abundance of agricultural resources and waste streams, the United States has a huge potential for biogas production. The market for biogas blending is being explored as a source of renewable energy solutions in the country. The market growth is being driven by North America, on the basis of a number of factors including favourable policy frameworks, developed infrastructures and strong support for green energy development.
Author Credits: Dhruv Bhatia
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?