Biogas is a reactive blend of gases generated from the decomposition of organic matter in the absence of oxygen. It can be extracted from several wastes such as plant material, agricultural waste, municipal waste, manure, sewage, or food waste. Biogas is an environmentally friendly energy source since it helps alleviate global waste levels, which produces harmful methane gas and reduces the reliance on fossil fuels to fulfill the energy requirements. The biogas market is projected to register the highest CAGR during the forecast period due to the rising investments and government initiatives concerning biogas production. Various countries across the world are focusing on reducing the rising level of carbon emissions. Utilizing renewable sources, such as biogas, can help minimize the growing carbon footprint and decrease the average rate of increase in the earth's temperature. Biogas can be used in domestic applications, such as cooking, industrial applications, producing heat & electricity, and in the commercial sector for greenhouse purposes. However, the biogas market is constrained by huge capital expenditure for plant installation and commissioning. The Biogas Market is projected to grow at the rate of 14.4% CAGR by 2027.

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Biogas Market on the basis of Substrate
Organic Waste
Sewage Sludge
Energy Crops
Others
Biogas Market on the basis of Application
Vehicle Fuel
Electricity
Heat
Others
Biogas Market on the basis of Geography
North America
Europe
Asia Pacific
Rest of the World
The biogas market is segmented into Organic Waste, Sewage Sludge, Energy Crops, and Others in terms of substrate. High energy density, less investment costs, and rapid biogas production are the few significant factors promoting the deployment of energy crops-based biogas plants, which makes this segment a leading segment in the market share. A mix of maize and manure are the generally used substrates for agricultural biogas plants. Rising financial support, including feed-in tariffs and subsidy schemes majorly for electricity generation from biogas, will further augment the market outlook.

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