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The biogas upgrading equipment market is estimated to grow at a CAGR of 15.38% between 2022 and 2027. The size of the market is forecast to increase by USD 5,070.25 million. The growth of the market depends on several factors, including the need for cleaner fuel, favorable government policies, and environment and energy security.
This report extensively covers market segmentation by technology (water scrubber, chemical scrubber, pressure swing adsorption (PSA), membrane, and others) and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The reports categorize the global biogas upgrading equipment market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The need for cleaner fuel is notably driving the market growth although factors such as the high cost of production may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Biogas Upgrading Equipment Market Driver
The need for cleaner fuel is notably driving the market growth. Unlike oil and natural gas, biogas is a renewable fuel. It is extracted from biodegradable matter and waste, then recycled and refined to act as a fuel that can be reused in various applications.
Increasing greenhouse gas emissions and the need to diversify energy options are driving global demand for more efficient and cleaner alternative fuels such as biogas, biodiesel, and ethanol through research and development. Biogas is used as an alternative to natural gas. Unlike natural gas, which is globally unstable to price changes, biogas, when used as an alternative fuel, helps to avoid the consumption of natural gas, strengthening the economy.
Thus, the demand for refined biogas is growing rapidly, and more refined biogas production with the appropriate equipment is needed to meet it. Consequently, the demand for equipment upgrades is increasing, leading to the growth of the global biogas refining equipment market during the forecast period.
Significant Biogas Upgrading Equipment Market Trend
Technological advancements in biogas upgrading techniques and equipment are the key trends in the market. Government support and growing interest in the use of biogas encourage investment in biogas processing technologies and equipment. This has led to the continuous improvement of existing technologies and the development of new technologies such as cryogenic refining, on-site methane enrichment, ecological lung, etc. The energy intensity of improved biogas improved up to 99%. reducing the release of methane into the atmosphere. Recent technological advances have enabled companies to produce gaseous fuels by boiling dry raw materials using either a hydrolyzer via the Schmack pretreatment process or a special BIOFerm fermentation process.
In Sweden, for example, Goteborg Energi has a 20 MW plant that gasifies forest residues and then transforms syngas, hydrogen, and carbon monoxide into biomethane. Such technological advancements are expected to drive the growth of the global biogas refining equipment market during the forecast period.
Major Biogas Upgrading Equipment Market Challenge
The high cost of production is the major challenge impeding the market growth. Converting biogas into refined biogas is an expensive process. Biogas contains 30%- 40% carbon dioxide and natural air and 1% carbon dioxide. The quality of biogas must reach the level of natural air, in which the amount of carbon dioxide decreases and the methane content increases. This is achieved by refining biogas. Since the process is expensive, the innovation must be optimized. This can be achieved by ensuring high efficiency of high methane production and reducing energy consumption.
The cost of the biogas refining process is high and thus, increased investment to increase production to meet the growing demand may prove to be a major challenge for the growth of the global biogas processing equipment market during the forecast period.
Key Biogas Upgrading Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Biogas Upgrading Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AAT Abwasser und Abfalltechnik GmbH - The company offers biogas upgrading equipment such as agitators and flares as its key offerings. It focuses on offering plant design, process engineering, and equipment supply for sorting and anaerobic treatment of organic residue and highly polluted organic waste water including biogas handling and utilization.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the water scrubber segment will be significant during the forecast period. Water scrubbing is the traditional process in which carbon dioxide is removed from biogas to form high-quality biomethane. This process uses water as a solvent to remove carbon dioxide. Since the solubility of carbon dioxide in water is much higher than that of methane, the methane content of the gas leaving the scrubber increased. The biomethane produced in this way is approximately 98% pure. The process also removes all traces of hydrogen sulfide.
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The water scrubber segment was valued at 1,256.79 million in 2017 and continued to grow by 2021. Water scrubbing is the oldest and most used process because it is simple. It is commercially available in different capacities ranging from 0.2 kWh/Nm3 to 0. 6 kWh/Nm3. The less than 2% decarbonization process requires lower operating costs and is consistent at any flow rate. Water washing technology is constantly being developed and is one of the best technologies for use in various rooms. Therefore, there is a high demand for this technology compared to other technologies, which is expected to lead to the growth of the water purifier segment in the global biogas refining equipment market during the forecast period.
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Europe is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Bioenergy from renewable energy sources plays a key role in achieving the ambitious target set by the EU - 20 percent of final energy consumption. Most of the European population is still not aware of the benefits of biomethane in vehicles. However, this is changing due to favorable support conditions given by various governments. Germany is highly dependent on oil and gas imports because its reserves are small. The country imports 97% of its oil and more than 85% of its natural gas consumption. Therefore, to improve energy security, the government fully supports the use of renewable energy sources in all sectors, which has accelerated the growth of renewable energy sources such as biofuels, biogas, and refined biogas.
In 2020, the outbreak of COVID-19 severely affected the growth of the industrial sector in Europe. Moreover, the European governments are focusing on adopting clean energy sources for power generation. For instance, the renewable energy directive has set rules for the European Union to achieve its 32% renewables target by 2030. Such factors are expected to drive the demand for clean energy technologies for the generation of clean energy, such as biogas, during the forecast period. Hence, the global biogas upgrading equipment market in Europe is expected to grow positively during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Technology (Water scrubber, Chemical scrubber, Pressure swing adsorption (PSA), Membrane, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa).
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Biogas Upgrading Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.38% |
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Market growth 2023-2027 |
USD 5,070.25 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
14.4 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 41% |
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Key countries |
US, China, Germany, UK, and Italy |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
2G Energy AG, AAT Abwasser und Abfalltechnik GmbH, Air Liquide SA, Atlas Copco AB, Bright Renewables B.V., Carbotech Gas Systems GmbH, Condorchem Envitech SL, DMT International, DP CleanTech Co. Ltd., DVO Inc., Greenlane Renewables Inc., HAASE Umwelttechnik GmbH, Jog Waste to Energy Pvt. Ltd., Nacelle Logistics LLC, NeoZeo AB, Pentair Plc, Veolia Environment SA, Xebec Adsorption Inc., Anaergia Inc., and MalmbergGruppen AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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