The biogas market in Europe is expected to reach a projected revenue of US$ 32,161.6 million by 2030. A compound annual growth rate of 2.9% is expected of Europe biogas market from 2024 to 2030.
The Europe biogas market generated a revenue of USD 26,413.5 million in 2023.
The market is expected to grow at a CAGR of 2.9% from 2024 to 2030.
In terms of segment, agriculture was the largest revenue generating source in 2023.
Industrial is the most lucrative source segment registering the fastest growth during the forecast period.
Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
Market revenue in 2023
USD 26,413.5 million
Market revenue in 2030
USD 32,161.6 million
Growth rate
2.9% (CAGR from 2023 to 2030)
Largest segment
Agriculture
Fastest growing segment
Industrial
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, Europe region accounted for 40.3% 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.
The European biogas market is growing owing to technological developments and increasing investments in the region's refinery industry. Companies across Europe are investing huge capital in the research & development of biogas production from existing sources and planning to increase the share of feedstock in the next few years, which is expected to fuel the market growth in the region.
The governments and different organizations in Europe are initiating projects to promote and encourage the use of biogas actively. Moreover, the high rate of depletion of fossil fuels in the region creates plenty of growth prospects for the biogas market.
European Union has set a target to utilize more renewable energy as compared to fossil fuels. The government's focus on decreasing carbon emissions is also presenting growth opportunities for the European biogas 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 43.09% in 2023.
Horizon Databook has segmented the Europe biogas market based on municipal, industrial, agriculture covering the revenue growth of each sub-segment from 2018 to 2030.
The European biogas market is growing owing to technological developments and increasing investments in the region's refinery industry. Companies across Europe are investing huge capital in the research & development of biogas production from existing sources and planning to increase the share of feedstock in the next few years, which is expected to fuel the market growth in the region.
The governments and different organizations in Europe are initiating projects to promote and encourage the use of biogas actively. Moreover, the high rate of depletion of fossil fuels in the region creates plenty of growth prospects for the biogas market.
European Union has set a target to utilize more renewable energy as compared to fossil fuels. The government's focus on decreasing carbon emissions is also presenting growth opportunities for the European biogas market.
Europe Biogas Market Source Outlook (Revenue, USD Million , 2018-2030)
Municipal
Industrial
Agriculture
Europe 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 Europe Biogas Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Biogas Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.