The biogas market in Spain is expected to reach a projected revenue of US$ 4,721.3 million by 2030. A compound annual growth rate of 3.1% is expected of Spain biogas market from 2024 to 2030.
The Spain biogas market generated a revenue of USD 3,803.3 million in 2023 and is expected to reach USD 4,721.3 million by 2030.
The Spain market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
In terms of segment, municipal was the largest revenue generating source in 2023.
Municipal is the most lucrative source segment registering the fastest growth during the forecast period.
Biogas market data book summary
Market revenue in 2023
USD 3,803.3 million
Market revenue in 2030
USD 4,721.3 million
Growth rate
3.1% (CAGR from 2023 to 2030)
Largest segment
Municipal
Fastest growing segment
Municipal
Historical data
2018 - 2022
Base year
2023
Forecast period
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, Spain accounted for 5.8% of the global biogas market in 2023.
Country-wise, China is expected to lead the global market in terms of revenue in 2030.
In Europe, UK biogas market is projected to lead the regional market in terms of revenue in 2030.
Italy is the fastest growing regional market in Europe and is projected to reach USD 3,293.2 million by 2030.
Spain has become a major player in the solar PV and wind power market owing to supportive policies and financial tools provided by the government from 2008 onwards. However, similar growth was not observed in the biogas sector owing to the lack of supportive policies in the country.
According to a study commissioned by Naturgy in 2018, the largest natural gas distributor in Spain indicated a potential of around 26.6 gigawatt-hours (GWh) of biogas in the country. Due to the aforementioned factors, the Spanish government made the necessary changes in the policy support available for biogas in the country.
As a result, the gas sector in the country has shown interest in buying biogas and finance the opening of facilities for biogas production in the country.
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.
Municipal was the largest segment with a revenue share of 50.4% in 2023.
Horizon Databook has segmented the Spain biogas market based on municipal, industrial, agriculture covering the revenue growth of each sub-segment from 2018 to 2030.
Spain has become a major player in the solar PV and wind power market owing to supportive policies and financial tools provided by the government from 2008 onwards. However, similar growth was not observed in the biogas sector owing to the lack of supportive policies in the country.
According to a study commissioned by Naturgy in 2018, the largest natural gas distributor in Spain indicated a potential of around 26.6 gigawatt-hours (GWh) of biogas in the country. Due to the aforementioned factors, the Spanish government made the necessary changes in the policy support available for biogas in the country.
As a result, the gas sector in the country has shown interest in buying biogas and finance the opening of facilities for biogas production in the country.
Spain Biogas Market Source Outlook (Revenue, USD Million , 2018-2030)
Municipal
Industrial
Agriculture
Spain 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 country-level data and insights on the Spain Biogas Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Biogas Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.