Asia Pacific Biogas Market Size & Outlook, 2023-2030
The biogas market in Asia Pacific is expected to reach a projected revenue of US$ 36,348.0 million by 2030. A compound annual growth rate of 5.8% is expected of Asia Pacific biogas market from 2024 to 2030.
The Asia Pacific biogas market generated a revenue of USD 24,564.0 million in 2023.
The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
In terms of segment, agriculture was the largest revenue generating source in 2023.
Agriculture is the most lucrative source segment registering the fastest growth during the forecast period.
Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
Market revenue in 2023
USD 24,564.0 million
Market revenue in 2030
USD 36,348.0 million
Growth rate
5.8% (CAGR from 2023 to 2030)
Largest segment
Agriculture
Fastest growing segment
Agriculture
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Municipal, Industrial, Agriculture
Key market players worldwide
Viessmann, Air Liquide SA, Homebiogas, Xebec Adsorption, DMT Clear Gas Solutions, PlanET-Biogas, Biokraft International, TotalEnergies SE
Other key industry trends
In terms of revenue, Asia Pacific region accounted for 37.5% of the global biogas market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Latin America is the fastest growing regional market and is projected to reach USD 5,807.1 million by 2030.
Asia Pacific biogas market is still in its initial development phase and is likely to witness the fastest growth over the forecast period. The primary reasons for the region's high growth include the increased demand for biogas and the growing investments by both public and private sectors for the development of biogas technologies.
The solid waste generated yearly across the globe is over 2 billion tons, and about 40% of the solid waste is generated from Pacific and Southeast Asian countries. Hence, the region can produce biogas and resolve the issues that are related to waste management and climatic changes.
In addition, the high demand for energy and strict environmental regulations are assisting the growth of Asia Pacific biogas market. The increasing investments from public and private sectors in China for biogas production are driving the development of the market.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biogas Market Outlook will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 45.43% in 2023.
Horizon Databook has segmented the Asia Pacific biogas market based on municipal, industrial, agriculture covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific biogas market is still in its initial development phase and is likely to witness the fastest growth over the forecast period. The primary reasons for the region's high growth include the increased demand for biogas and the growing investments by both public and private sectors for the development of biogas technologies.
The solid waste generated yearly across the globe is over 2 billion tons, and about 40% of the solid waste is generated from Pacific and Southeast Asian countries. Hence, the region can produce biogas and resolve the issues that are related to waste management and climatic changes.
In addition, the high demand for energy and strict environmental regulations are assisting the growth of Asia Pacific biogas market. The increasing investments from public and private sectors in China for biogas production are driving the development of the market.
Asia Pacific Biogas Market Source Outlook (Revenue, USD Million , 2018-2030)
Municipal
Industrial
Agriculture
Asia Pacific Biogas Market Applications Outlook (Revenue, USD Million , 2018-2030)
Vehicle Fuel
Electricity
Heat
Upgraded Biogas
Cooking gas
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Biogas Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Biogas Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.