Biogas Upgrading Market Summary
Biogas upgrading equipment (biogas upgrader) is a facility that is used to concentrate the methane in biogas to natural gas standards. The system removes carbon dioxide, hydrogen sulphide, water and contaminants from the biogas. The solution is the use of biogas upgrading or purification processes whereby contaminants in the raw biogas stream are absorbed or scrubbed, leaving more methane per unit volume of gas. There are four main methods of upgrading: water washing, pressure swing adsorption, selexol adsorbtion, and amine gas treating.
According to the new market research report "Global Biogas Upgrading Market Report 2023-2029", published by QYResearch, the global Biogas Upgrading market size is projected to grow from USD 386.51 million in 2023 to USD 1388.81 million by 2029, at a CAGR of 5.85% during the forecast period.
Figure. Global Biogas Upgrading Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Biogas Upgrading Market Report 2023-2029.
Market Drivers:
1. Government Incentives and Policies: Supportive government policies, incentives, and regulatory frameworks aimed at reducing greenhouse gas emissions, promoting renewable energy sources, and achieving energy independence drive investments in biogas upgrading infrastructure. Subsidies, tax credits, renewable energy targets, and feed-in tariffs encourage the development of biogas upgrading projects, fostering market growth.
2. Growing Awareness of Circular Economy Principles: The transition towards a circular economy, where resources are reused, recycled, and recovered to minimize waste and environmental impact, supports the development of biogas upgrading projects. By converting organic waste streams, such as agricultural residues, food waste, and wastewater, into valuable biomethane, biogas upgrading contributes to the circularity of resources and the reduction of organic waste sent to landfills.
3. Increasing Demand for Sustainable Fuels and Corporate Sustainability Goals: Rising demand from industries, businesses, and consumers for sustainable and low-carbon fuels aligns with corporate sustainability goals and environmental commitments. Companies seeking to reduce their carbon footprint and meet renewable energy targets procure biomethane for their operations or supply chains, stimulating demand for biogas upgrading solutions.
Energy Security and Diversification of Gas Supply: Biogas upgrading enhances energy security by diversifying the gas supply with domestically produced biomethane derived from renewable sources. This reduces dependence on imported fossil fuels and enhances energy resilience, particularly in regions vulnerable to supply disruptions or geopolitical uncertainties.
Restraint:
1. High Initial Capital Costs: One of the primary restraints in the biogas upgrading market is the high initial capital investment required for building biogas upgrading facilities. Upgrading biogas to biomethane involves sophisticated equipment and technologies such as membrane separation, pressure swing adsorption (PSA), water scrubbing, or cryogenic distillation, which can be expensive to install and operate. The substantial upfront costs may deter potential investors and project developers, particularly in regions with limited access to financing or where government incentives are insufficient to offset capital expenditures.
2. The availability and proximity of gas pipelines or grid connections may limit the feasibility of biogas upgrading projects, particularly in remote or rural areas with inadequate infrastructure. The lack of infrastructure or the need for extensive pipeline extensions can significantly increase project costs and complexity, making it economically unviable for some biogas producers to upgrade their biogas to biomethane.
Figure. Global Biogas Upgrading Top 10 Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Biogas Upgrading Market Report 2023-2029.
This report profiles key players of Biogas Upgrading such as Greenlane Renewables, Malmberg Water, Xebec, Bright Bio-methane, EnviTec Biogas.
In 2022, the global top five Biogas Upgrading players account for 39.06% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Biogas Upgrading.
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