The global biogas upgrading technology market was valued at $1.4 billion in 2022, and is projected to reach $5.4 billion by 2032, growing at a CAGR of 14.4% from 2023 to 2032.
Biogas upgrading technology is a process that purifies and improves the quality of biogas generated from organic waste materials such as agricultural residues, sewage sludge, and household waste. The primary goal is to remove impurities such as carbon dioxide and hydrogen sulfide to increase methane content and make the biogas suitable for various applications. The growing demand for alternative and greener fuels across the globe has a significant positive impact on the market.
Stringent regulations on fossil fuels and volatile petroleum product pricing are driving interest in biogas upgrading technology as a sustainable alternative. Environmental awareness has led major manufacturers to invest in alternative energy sources, resulting in surge in demand for biogas upgrading technology industry.
The growing concern over global warming has intensified the global shift towards renewable resources, boosting the biogas upgrading technology market size. Biogas energy is gaining popularity for its capacity to generate electricity, mitigating nitrogen pollution, and methane emissions. The Asia-Pacific region is a key driver for the biogas upgrading technology market growth due to limited availability of petroleum resources.
The biogas upgrading technology market scope is segmented on the basis of technology, end-use, and region. By technology, the market is segregated into absorption, vacuum pressure swing adsorption, membrane separation, and others. On the basis of end-use, it is segregated into thermal application, power generation, and biomethane bottling. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global biogas upgrading technology market revenue, and is likely to dominate the market during the forecast period. Furthermore, the Asia-Pacific region is expected to witness the fastest CAGR from 2023 to 2032. The Asia-Pacific region presents significant growth potential in the biogas upgrading technology industry. Emerging markets, such as India, China, and Southeast Asian countries, have witnessed rapid industrial growth which will lead to increased demand for energy resources which have a significant impact on the biogas upgrading technology market. The increase in investment toward renewable energy resources, especially in the biogas sector, is anticipated to offer new growth opportunities for biogas upgrading technology market in Asia-Pacific during the forecast period.
Major biogas upgrading technology market players, such as Atmos Power Pvt. Ltd., Bright Renewables B.V., Air Liquide, Dmt environmental technology, Evonik Industries AG, Pentair Plc, Malmberg Bioerdgastech GmbH, Metener Oy, Greenlane Renewables Inc., Wartsila Oyj abp, Prodeval Corp., Aemetis Inc., Clarke Energy, Acrona Projects Sarl, Clean Energy Fuels Corp., AB Holding Spa, Spectrum Renewable Energy Limited, B-Sustain Energy Projects Private Limited, Xebec Adsorption Inc., and Verbio Vereinigte Bioenergie AG are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications related to purification of biogas.
Biogas upgrading technology is a process that purifies and improves the quality of biogas generated from organic waste materials such as agricultural residues, sewage sludge, and household waste. The primary goal is to remove impurities such as carbon dioxide and hydrogen sulfide to increase methane content and make the biogas suitable for various applications. The growing demand for alternative and greener fuels across the globe has a significant positive impact on the market.
Stringent regulations on fossil fuels and volatile petroleum product pricing are driving interest in biogas upgrading technology as a sustainable alternative. Environmental awareness has led major manufacturers to invest in alternative energy sources, resulting in surge in demand for biogas upgrading technology industry.
The growing concern over global warming has intensified the global shift towards renewable resources, boosting the biogas upgrading technology market size. Biogas energy is gaining popularity for its capacity to generate electricity, mitigating nitrogen pollution, and methane emissions. The Asia-Pacific region is a key driver for the biogas upgrading technology market growth due to limited availability of petroleum resources.
The biogas upgrading technology market scope is segmented on the basis of technology, end-use, and region. By technology, the market is segregated into absorption, vacuum pressure swing adsorption, membrane separation, and others. On the basis of end-use, it is segregated into thermal application, power generation, and biomethane bottling. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global biogas upgrading technology market revenue, and is likely to dominate the market during the forecast period. Furthermore, the Asia-Pacific region is expected to witness the fastest CAGR from 2023 to 2032. The Asia-Pacific region presents significant growth potential in the biogas upgrading technology industry. Emerging markets, such as India, China, and Southeast Asian countries, have witnessed rapid industrial growth which will lead to increased demand for energy resources which have a significant impact on the biogas upgrading technology market. The increase in investment toward renewable energy resources, especially in the biogas sector, is anticipated to offer new growth opportunities for biogas upgrading technology market in Asia-Pacific during the forecast period.
Major biogas upgrading technology market players, such as Atmos Power Pvt. Ltd., Bright Renewables B.V., Air Liquide, Dmt environmental technology, Evonik Industries AG, Pentair Plc, Malmberg Bioerdgastech GmbH, Metener Oy, Greenlane Renewables Inc., Wartsila Oyj abp, Prodeval Corp., Aemetis Inc., Clarke Energy, Acrona Projects Sarl, Clean Energy Fuels Corp., AB Holding Spa, Spectrum Renewable Energy Limited, B-Sustain Energy Projects Private Limited, Xebec Adsorption Inc., and Verbio Vereinigte Bioenergie AG are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications related to purification of biogas.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biogas upgrading technology market analysis from 2022 to 2032 to identify the prevailing biogas upgrading technology market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the biogas upgrading technology market forecast, segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global biogas upgrading technology market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Technology
- Absorption
- Type
- Water Scrubbing
- Chemical Scrubbing
- Vacuum Pressure Swing Adsorption (VPSA)
- Membrane Separation
- Others
By End-Use
- Thermal Application
- Power Generation
- Biomethane Bottling
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
- Key Market Players
- DMT Environmental Technology, Inc.
- Atmos Power Pvt Ltd.
- Xebec Adsorption Inc
- Acrona Projects SARL
- B-Sustain Energy Projects Private Ltd.
- Prodeval Corp.
- Aemetis, Inc.
- Greenlane Renewables Inc.
- VERBIO Vereinigte BioEnergie AG
- Malmberg Bioerdgastech GmbH
- Metener Oy
- Clarke Energy
- Spectrum Renewable Energy Limited
- Air Liquide
- Evonik Industries
- Pentair plc
- Wartsila
- Clean Energy Fuels Corporation
- AB HOLDING SPA
- Bright Renewables B.V.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIOGAS UPGRADING TECHNOLOGY MARKET, BY TECHNOLOGY
CHAPTER 5: BIOGAS UPGRADING TECHNOLOGY MARKET, BY END-USE
CHAPTER 6: BIOGAS UPGRADING TECHNOLOGY MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the biogas upgrading technology market was valued at $1.4 billion in 2022, and is estimated to reach $5.4 billion by 2032, growing at a CAGR of 14.4% from 2023 to 2032.Biogas upgrading technology represents a groundbreaking solution in the realm of renewable energy. This innovative technology takes raw biogas, often derived from organic waste or wastewater treatment plants, and converts it into high-quality biomethane. This biomethane serves as a consistent and renewable natural gas source, seamlessly integrating into existing natural gas infrastructure or acting as a clean energy alternative.
The process of biogas upgrading involves the meticulous monitoring and optimization of biogas conversion, ensuring that the resulting biomethane meets stringent quality and purity standards for safe distribution and utilization. This transformative technology has found applications across various sectors, with particular prevalence in regions placing a strong emphasis on sustainability and renewable energy sources. Biogas upgrading technology aligns harmoniously with circular economy initiatives and global efforts to curb carbon emissions.
In regions characterized by abundant organic waste, such as agricultural hubs in the U.S. and Europe, biogas upgrading technology plays a pivotal role in converting agricultural residues into a valuable energy resource. Moreover, these systems prove instrumental in waste-to-energy projects and wastewater treatment facilities worldwide. The utilization of organic materials while mitigating environmental impacts underscores the importance of biogas upgrading technology in addressing the energy and sustainability challenges of our time.
The biogas upgrading technology industry is propelled by several compelling factors. One of the motivating elements is the growing understanding of the environmental advantages of biomethane, as well as the growing commitment to lowering greenhouse gas emissions and promoting sustainable energy options. Further fostering the expansion of this business, governments and regulatory agencies have passed strict rules to encourage the usage of renewable energy sources.
The adoption of renewable energy has advanced thanks in large part to the European Union. Its renewable energy directives have sped up the use of biogas upgrading technology throughout Europe. These directives seek to produce a sizable amount of electricity from sustainable sources by 2030. In addition to encouraging environmental care, this legislative framework also encourages economic growth and job creation in the renewable energy sector.
However, the journey of biogas upgrading technology is not without its challenges. High initial investment costs pose a barrier to entry for some stakeholders. Technical intricacies related to system components, including the integration of alternative technologies such as energy storage systems and IoT sensors, present complexities that require careful navigation. Moreover, concerns about cybersecurity vulnerabilities raise important questions about the technology's resilience in a digital age.
Ongoing maintenance requirements and the need for specialized expertise contribute to higher operational costs. This underscores the importance of a skilled workforce and the development of comprehensive training programs to support the biogas upgrading technology market growth.
Despite these challenges, the undeniable environmental benefits and long-term sustainability advantages of biogas upgrading technology make it a compelling and vital component of the global energy landscape. As the world seeks to transition to cleaner and more sustainable energy sources, biogas upgrading technology stands as a beacon of hope, efficiently extracting energy from organic waste while minimizing its environmental footprint.
The biogas upgrading technology market scope is segmented on the basis of technology, end-use, and region. By technology, the market is segregated into absorption, vacuum pressure swing adsorption, membrane separation, and others. On the basis of end-use, it is segregated into thermal application, power generation, and biomethane bottling. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2022, the absorption segment held the largest market share in the global biogas upgrading technology market forecast, accounting for over two-thirds of revenue. This is due to the growing demand for renewable natural gas and stringent environmental regulations. However, others such as cryogenic separator technology is projected to grow at a CAGR of more than 15% from 2023 to 2032, as governments and companies seek biogas resources to reduce their dependence on oil and gas imports.
The power generation segment held the highest market share in 2022, accounting for nearly half of the global biogas upgrading technology market size. The shift towards renewable energy sources and the increasing focus on sustainability are driving the adoption of biogas upgrading for power generation. The biomethane bottling segment is projected to grow at a higher CAGR from 2023 to 2032. The demand for renewable energy sources, stringent environmental regulations, and the environmental benefits of biomethane, such as reduced greenhouse gas emissions and integration into natural gas infrastructure, are driving growth in this sector.
According to the biogas upgrading technology market analysis, Europe dominates over two-fifths of revenue in 2022. however, Asia-Pacific region is expected to experience the fastest CAGR growth from 2023 to 2032, offering significant growth potential. The surge in biogas upgrading technology market trends in emerging markets like India, China, and Southeast Asia are experiencing rapid industrial growth, leading to increased demand for energy resources. Investment in renewable energy resources, particularly in the biogas sector, is expected to provide biogas upgading technology market opportunities for growth.
Major biogas upgrading technology market players, such as Atmos Power Pvt. Ltd., Bright Renewables B.V., Air Liquide, Dmt environmental technology, Evonik Industries AG, Pentair Plc, Malmberg Bioerdgastech GmbH, Metener Oy, Greenlane Renewables Inc., Wartsila Oyj abp, Prodeval Corp., Aemetis Inc., Clarke Energy, Acrona Projects Sarl, Clean Energy Fuels Corp., AB Holding Spa, Spectrum Renewable Energy Limited, B-Sustain Energy Projects Private Limited, Xebec Adsorption Inc., and Verbio Vereinigte Bioenergie AG are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications related to purification of biogas.
Impact analysis:
The Russia-Ukraine conflict has disrupted natural gas supplies from Russia to Europe, leading to increased demand for biogas upgrading technology. This technology refines biogas into biomethane for injection into natural gas grids or transportation fuel. The war has prompted governments and industries to prioritize environmental sustainability, as biogas is a green and carbon-neutral energy source. This technology aligns energy security with environmental sustainability objectives, making it an appealing alternative for governments, businesses, and investors.The G-20, as a forum for international economic cooperation and policy coordination, has the potential to significantly impact the biogas upgrading technology industry. G-20 discussions and agreements on climate change mitigation and sustainability goals drive member countries to implement more favorable policies and regulations for biogas production and upgrading technologies. Biogas is a low-carbon or carbon-neutral energy source, helping G-20 countries achieve emissions reduction objectives.
Key findings of the study
On the basis of technology, the others segment is projected to grow at the highest CAGR of approximately 15.5%, in terms of revenue, during the forecast period.On the basis of end-use, the biomethane bottling segments are projected to grow at the highest CAGR of approximately 14.7%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific is projected to grow at the highest CAGR, in terms of revenue, during the forecast period.
Companies Mentioned
- DMT Environmental Technology, Inc.
- Atmos Power Pvt Ltd.
- Xebec Adsorption Inc
- Acrona Projects SARL
- B-Sustain Energy Projects Private Ltd.
- Prodeval Corp.
- Aemetis, Inc.
- Greenlane Renewables Inc.
- VERBIO Vereinigte BioEnergie AG
- Malmberg Bioerdgastech GmbH
- Metener Oy
- Clarke Energy
- Spectrum Renewable Energy Limited
- Air Liquide
- Evonik Industries
- Pentair plc
- Wartsila
- Clean Energy Fuels Corporation
- AB HOLDING SPA
- Bright Renewables B.V.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 340 |
| Published | September 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 1.4 billion |
| Forecasted Market Value ( USD | $ 5.4 billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
