The global market for biogas and biomethane has been on a growth path growing rapidly being driven by its growing role as a substitute for natural gas in many applications like electricity generation, transport and industry. There still remains significant untapped potential of biogas and biomethane but market expansion will depend on supportive policies, continuous investment, and technological progress aimed at increasing efficiency and cost reduction. Other challenges facing the biogas and biomethane market to be overcome are the competition with fossil fuels in the market, competing applications for feedstock and high initial costs.  The biomethane market is projected to expand from an estimated $10.3 billion in 2023 to over $60 billion by 2030, being driven by growing applications as a renewable energy source for power generation, cooking and heating. The future for biogas and biomethane is bright, with potential to reach 150 bcm-eq by 2050 and has a crucial role to play in the energy transition and decarbonizing the energy sector through injection into natural gas grids and furl for vehicles. The pace of technological progress and innovation, enabling policies and evolving market dynamics will influence the possible futures for global energy and rate of growth.

Keywords

Biogas production; biogas upgrading; biogas uses; biomethane applications; biomethane market; biogas market growth