The biogas upgrading equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Biogas Upgrading Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The biogas upgrading equipment market size has grown rapidly in recent years. It will grow from $1.86 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to increasing demand to reduce co2 emissions, increasing demand for renewable natural gas, rising investments in biogas infrastructure, increasing rural development initiatives, growing public awareness about the benefits of biogas as a renewable energy.
The biogas upgrading equipment market size is expected to see rapid growth in the next few years. It will grow to $3.93 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growing environmental awareness, rising greenhouse gas emissions, rising demand for cleaner fuel, increasing renewable energy policies, demand for sustainable fuel. Major trends in the forecast period include new product innovation, technological advancements, focus on green energy solutions, integration with waste management systems, and integration with power-to-gas technologies.
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Scope Of Biogas Upgrading Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Biogas Upgrading Equipment Market Overview
Market Drivers –
The increasing demand for renewable energy sources is expected to propel the growth of the biogas upgrading equipment market going forward. Environmental, economic, technological, and policy factors drive the growing demand for renewable energy sources, signaling a shift towards a more sustainable and resilient energy future. Biogas upgrading equipment plays a critical role in unlocking the potential of biogas as a renewable energy source, offering a sustainable solution for organic waste management, and contributing to the transition towards a more sustainable and resilient energy system. For instance, in April 2023, according to the Energy Information Administration (EIA), a US-based Federal Statistical System, in 2022, renewable energy production and consumption reached record highs, accounting for approximately 13% of total energy production and consumption, which is equivalent to 13.40 quads and 13.18 quads, respectively. Hydropower generation and geothermal energy use also saw a 4% increase in 2022 compared to the previous year. Therefore, increasing demand for renewable energy sources is driving the growth of the biogas upgrading equipment market.
Market Trends –
Major companies operating in the biogas upgrading equipment market are increasing their focus on developing innovative products, such as VALKYRIE ECO and VALKYRIE ECO FLEX H2S for agricultural biogas and landfill gas (LFG) operations. VALKYRIE ECO is a fixed gas detector that provides continuous monitoring of H2S levels in industrial environments where the presence of this gas can pose a health and safety risk, whereas VALKYRIE ECO FLEX H2S is a portable gas detector that offers flexibility in monitoring H2S levels in different work environments. For instance, in May 2023, Streamline Innovations Inc., a US-based manufacturer of gas detection and monitoring equipment, launched VALKYRIE ECO and VALKYRIE ECO FLEX H2S, designed for H2S treatment in biogas-to-RNG (renewable natural gas) upgrading applications, offering an efficient and green H2S removal solution for upgrading biogas to RNG. Both solutions remove H2S in an environmentally friendly manner using TALON, a non-toxic and biodegradable redox chemistry. They are engineered to function efficiently in lower gas pressure settings, commonly encountered in landfill gas and biogas applications. Crucially, the modular design of the VALKYRIE ECO FLEX model enables users to gradually increase treating capacity based on different LFG gas stream quantities.
The biogas upgrading equipment market covered in this report is segmented –
1) By Type: Chemical Scrubber, Water Scrubber, Pressure Swing Adsorption (PSA), Membrane
2) By Feedstock: Municipal Solid Waste, Agricultural Residues, Wastewater Sludge, Food Waste, Industrial Organic Waste, Other Feedstocks
3) By End-User: Wastewater Treatment Plants, Landfills, Agricultural Digesters, Industrial Facilities, Commercial And Residential, Other End-Users
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Regional Insights –
Europe was the largest region in the biogas upgrading equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biogas upgrading equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the biogas upgrading equipment market are Veolia Environnement S.A., Air Liquide SA, Atlas Copco AB, Air Products and Chemicals Inc., Wärtsilä Oyj Abp, Schmack Carbotech GmbH, Pentair Plc, Eisenmann Corporation (Eisenmann SE), Plug Power, Hitachi Zosen Inova BioMethan GmbH (HZIB), Clean Energy Fuels Corp., EnviTec Biogas AG, HAASE Energietechnik GmbH (HAASE group), 2G Energy AG, Anaergia Inc., DP CleanTech Group Limited, Greenlane Renewables Inc., DMT Environmental Technology BV, Xebec Adsorption Inc., DVO Inc., Malmberg SE, Carbotech Gas Systems GmbH, Bright Biomethane B.V., Condorchem Envitech S.L., Jog Waste to Energy Private Limited, AAT Abwasser- und Abfalltechnik GmbH, Das Grüne Emissionshaus GmbH, Nacelle Logistics LLC (Avolta Renewable Holdings), NeoZeo AB
Table of Contents
1. Executive Summary
2. Biogas Upgrading Equipment Market Report Structure
3. Biogas Upgrading Equipment Market Trends And Strategies
4. Biogas Upgrading Equipment Market – Macro Economic Scenario
5. Biogas Upgrading Equipment Market Size And Growth
…..
27. Biogas Upgrading Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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