How is the Biogas Upgrading Equipment Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the biogas upgrading equipment market right now?
In recent years, the size of the biogas upgrading equipment market has seen rapid expansion. The market value is expected to rise from $2.17 billion in 2024 to $2.52 billion in 2025, experiencing a compound annual growth rate (CAGR) of 16.0%. The noteworthy growth observed in the past can be linked to the surge in demand for reducing co2 emissions, heightened demand for renewable natural gas, expansion of investment in biogas facilities, increase in rural development programs, and a rise in overall public knowledge regarding the advantages of biogas as a source of renewable energy.
How fast Is the biologic imaging reagents market expected to grow, and what’s its future value?
The market for biogas upgrading equipment is anticipated to expand swiftly in the upcoming years. It is expected to reach a value of $4.57 billion by 2029, with a compound annual growth rate (CAGR) of 16.1%. The expansion during the prediction period can be linked to an increase in environmental consciousness, escalating greenhouse gas emissions, growing requirement for cleaner fuels, reinforced renewable energy policies, and the need for sustainable fuel. Key trends for the predicted period include the innovation of new products, advancements in technology, emphasis on green energy initiatives, collaborations with waste management systems, and integration with power-to-gas technologies.
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What are the leading drivers of growth in the biogas upgrading equipment market?
The surge in demand for renewable energy resources is projected to push the expansion of the biogas upgrading equipment market forward. A movement towards a more enduring and robust energy future is driven by environmental, economic, technological, and policy considerations, increasing the appeal for renewable energy sources. Biogas upgrading equipment is key to tapping into the potential of biogas as a renewable energy provider, offering a sustainable method for organic waste management and supporting the shift towards a more durable, reliable energy system. For instance, the Energy Information Administration (EIA), a Federal Statistical System in the US, reported in April 2023 that in 2022, the production and consumption of renewable energy hit record highs, contributing roughly 13% to total energy production and consumption. This was equivalent to 13.40 quads and 13.18 quads respectively. Besides, there was a 4% rise in hydropower generation and geothermal energy usage in 2022 compared to the prior year. Hence, the escalating demand for renewable energy resources is fueling the expansion of the biogas upgrading equipment market.
What are the key segments defining the biogas upgrading equipment market?
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
Subsegments:
1) By Chemical Scrubber: Amine Scrubbing, Physical Scrubbing
2) By Water Scrubber: Countercurrent Water Scrubber, Upflow Water Scrubber
3) By Pressure Swing Adsorption (PSA): Vacuum Pressure Swing Adsorption (VPSA), Standard Pressure Swing Adsorption
4) By Membrane: Polymeric Membrane, Inorganic Membrane
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Who are the key players steering the development of the biogas upgrading equipment market?
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
What emerging trends are influencing the growth of the biogas upgrading equipment market?
Leading firms in the biogas upgrading equipment market such as Streamline Innovations Inc., are shifting their focus towards the development of cutting-edge products like VALKYRIE ECO and VALKYRIE ECO FLEX H2S specifically designed for agricultural biogas and landfill gas (LFG) functioning. VALKYRIE ECO is a stationary gas detector that continuously monitors H2S levels in industrial sites to ensure safety, while VALKYRIE ECO FLEX H2S is a mobile gas detector that provides flexible monitoring of H2S levels in various workplaces. In May 2023, the US-based gas detection manufacturer, Streamline Innovations Inc., introduced both solutions for H2S treatment in biogas-to-RNG (renewable natural gas) upgrading processes. These products offer an environmentally friendly and efficient approach for the conversion of biogas into RNG, removing H2S through the use of TALON, a harmless and biodegradable redox chemistry. Both products are specifically designed to operate effectively at lower gas pressure situations typically seen in LFG and biogas operations. Additionally, the modular construction of the VALKYRIE ECO FLEX model allows for gradual expansion of treating capacity as per varying LFG gas stream volumes.
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Which regions are most influential in expanding the biogas upgrading equipment market?
Europe was the largest region in the biogas upgrading equipment market in 2024. 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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