Overview and Scope
Biogas upgrading equipment refers to the machinery and technology used to purify raw biogas into high-quality biomethane or renewable natural gas (RNG), suitable for injection into the natural gas grid or use as a transportation fuel. They are essential for converting biogas from organic waste into a clean, renewable energy resource used in applications ranging from power generation and heating to vehicle fueling and industrial processes.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The biogas upgrading equipment market report table of contents includes:
1. Executive Summary
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