Biodigester Market: Growth Drivers and Challenges
Growth Drivers
- Waste Conversion into Renewable Energy to Boost Market Growth- Trash creation has grown dramatically in recent years as a result of population growth and may create substantial risks to the environment and public health if they are not properly disposed of. As a result, significant waste treatment facilities are needed, thus, biogas is created from a variety of organic materials. Hence, this gas system converts the waste management problem into an income potential. The installed capacity of biogas energy worldwide reached some 21.5 gigawatts in 2022.
- Installation of Biodigesters Result in Waste Reduction- The usage of a bio-digester is an efficient waste management strategy. The rising population generates more garbage, which must be disposed of in a safe and proper way. To do this, the need for bio-digesters is rapidly growing. As of January 2019, there were 248 digesters running on cattle farms in the United States, according to the United States Environmental Protection Agency.
- Biofuel Synthesis Using Biodigester to Increase Demand for Biodigester Components- Due to the increased need for biodigesters, the demand for the different components employed in these systems is also expanding. Therefore, the components must be updated on a regular basis, the biodigester market for biodigester components and parts is expected to grow steadily in the coming year.
Challenges
- The High Capital Investment Required to Build Up Biogas Facilities- A biogas plant necessitates a significant capital investment. The factory requires acres of land, and the cost of equipment, feedstock materials, engineering, and labour is too expensive. Purchasing, storing, and sorting feedstock is a difficult and costly procedure. Furthermore, the operation of facilities, as well as the sale and distribution of this gas, are both costly. As a result, the substantial capital investment required for plant setup and operation may stifle market expansion.
- Insufficient Technological Competence to Stymie the Spread of Biodigesters.
- The High Initial Expense of Establishing a Biodigester
Biodigester Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.9% |
|
Base Year Market Size (2024) |
USD 30.05 billion |
|
Forecast Year Market Size (2037) |
USD 63.31 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of biodigester is assessed at USD 32.95 billion.
The biodigester market size was over USD 30.05 billion in 2024 and is anticipated to cross USD 63.31 billion by 2037, growing at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. Rapid urbanization and industrial expansion have resulted in huge demand for energy will drive the market growth.
Asia Pacific industry is anticipated to dominate majority revenue share of 30% by 2037, due to widespread use of small-scale biogas plants or digesters in developing nations to produce bio-methane gas for cooking and space heating.
The major players in the market are HomeBiogas, Sistema.bio, PlanET Biogas USA Inc., DVO, Inc., Evoqua Water Technologies LLC, Regenis, Gasum, Paques BV, OWS, CleanWorld, SEAB Power Ltd
