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Biogas Upgrading Equipment Market Growth to be Driven by Emerging Trends | $4.52 Billion by 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What is the Projected Market Size of the Biogas Upgrading Equipment Industry?
The market size for biogas upgrading equipment has seen fast-paced growth in the past few years. The forecast suggests a growth from $2.17 billion in 2024 to $2.51 billion in 2025, with a compound annual growth rate (CAGR) of 15.5%. The increase in the previous years is credited to the rising demand for co2 emission reduction, increased interest in renewable natural gas, growing investments in the biogas infrastructure, rural development initiative enhancements, and expanding public knowledge about the advantages of biogas as a sustainable energy source.
What Will Be the Size of the Biogas Upgrading Equipment Market by 2029?
The market for biogas upgrading equipment is poised for rapid expansion in the coming years, projecting to hit $4.52 billion in 2029, with a 15.9% compound annual growth rate (CAGR). The projected appreciation during this period is associated with several factors such as increasing ecological consciousness, escalating greenhouse gas emissions, surging requirements for cleaner fuel, proliferation of renewable energy policies, and the need for sustainable fuel. Dominant trends anticipated during this period encompass new product development, technological progression, emphasis on green energy solutions, amalgamation with waste management systems, and integration with power-to-gas technologies.
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What Are the Key Drivers Accelerating Growth in the Biogas Upgrading Equipment Market?
The boom in renewable energy demands is predicted to fuel the progress of the biogas upgrading equipment market. Factors such as environmental sustainability, economic feasibility, technological advancements, and policy initiatives are accelerating the demand for renewable energy, thus indicating a shift towards a more robust and ecologically sound energy future. Biogas upgrading equipment is pivotal in maximizing the potential of biogas as a renewable energy source. It provides a sustainable method for managing organic waste and aids in the transition towards a stronger and greener energy infrastructure. For example, the Energy Information Administration (EIA), a Federal Statistical System based in the United States, stated in April 2023 that in 2022, there had been a historic high in renewable energy production and consumption, which constituted around 13% of the total energy production and consumption. This is equivalent to an energy output of 13.40 quads and an energy consumption of 13.18 quads. There was also a rise in hydropower generation and geothermal energy use in 2022, which increased by 4% compared to 2021. Consequently, the rising demand for renewable energy sources is propelling the expansion of the biogas upgrading equipment market.
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How Is the Biogas Upgrading Equipment Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Biogas Upgrading Equipment Market?
The key players in the biogas upgrading equipment sector are shifting their attention towards the creation of groundbreaking products such as VALKYRIE ECO and VALKYRIE ECO FLEX H2S. These products have been designed for the efficient monitoring of H2S levels, a critical requirement in agricultural biogas and landfill gas (LFG) operations. Notably, VALKYRIE ECO is a stationary gas detector that continuously tracks H2S levels in industrial areas, while VALKYRIE ECO FLEX H2S offers portable detection of these levels across various workspaces. In May 2023, Streamline Innovations Inc., a US-based industrial gas detection and monitoring provider, unveiled both products; targeted to offer advanced H2S treatment in biogas-to-RNG (renewable natural gas) upgrading operations. These products promise environment-friendly H2S elimination whilst upgrading biogas to RNG, thanks to the non-toxic and biodegradable redox chemistry utilised, which is known as TALON. Specifically designed to perform optimally in low gas pressure contexts, frequently seen in LFG and biogas operations, the modular architecture of the VALKYRIE ECO FLEX model allows users to gradually augment treatment capacity based on varying LFG gas flow volumes.
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Who Are the Leading Companies Driving Growth in 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
Which Is the Leading Region in the Global 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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