The U.S. biogas market size was estimated at USD 6.08 billion in 2023 and is projected to grow at a CAGR of 2.7% from 2024 to 2030. The growing demand for the product in applications, such as cooking gas, electricity, vehicle fuel, heat, and others, is expected to have a positive impact on the industry growth over the forecast period. Adoption and innovation of new technologies to propel the production of raw materials used to generate biogas in the U.S. are expected to boost the overall growth of biogas market in the region over the forecast period.
Other significant factors that are influencing the biogas market growth are favorable regulatory & political support, environmental support, customer support, geopolitical support, agricultural and economic support. The U.S. Department of Agriculture (USDA) and the Department of Energy (DOE) have detailed rules that enhance the use of biogas and addresses the U.S. renewable energy objectives. Furthermore, high demand for green fuels, stringent environmental regulations, and increased investment for the development of refineries are driving the market growth. The significant driver factors that have boosted U.S. market are technological advancement and awareness related to biogas used as a clean fuel. In October 2023, bp P.L.C announced commencement of operations of its first biogas plant following the acquisition of Archaea Modular Design (AMD) renewable natural gas (RNG) plant in Medora, Indiana, U.S.
The plant is located near a landfill owned by Rumpke Waste and Recycling. The plant has a capacity to process 3,200 cubic feet of landfill gas per minute into RNG, which is enough to heat 13,026 homes in the U.S. annually. Rapid adoption of renewable energy for power generation and investments by the major players in the biogas market in the country are expected to foster market growth over the forecast period.
U.S. Biogas Market Report Segmentation
This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global biogas market report based on source, application, and region:
Key U.S. Biogas Companies Insights
The market is moderately competitive. The threat of new entrants is low owing to the high capital requirements since building and operating an efficient biogas requires substantial investment. Additionally, regulatory compliance and expertise in waste management & biogas technologies is essential making it challenging for newcomers to establish a foothold in the market.
Key U.S. Biogas Companies:
Recent Development
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