According to a new market report published by Stratistics “Global Biogas Upgrading Market Outlook (2015-2022),” The Global Biogas Upgrading market is accounted for $0.26 billion in 2014 and is expected to reach $1.97 billion by 2022 growing at a Compound Annual Growth Rate (CAGR) of 28.65% during the forecast period. The biogas market is expected to witness a significant growth in residential and industrial applications. The growth of market is primarily driven by the strict government regulations, greenhouse gas emissions reductions, volatile fertilizer price, demand for renewable energy and transportation fuel.
Several techniques for biogas upgrading exist today and they are continually being improved. In parallel, new techniques are under development. On the basis of technology, the biogas upgrading market is segmented as water scrubbing, pressure swing adsorption, cryogenic technique, membrane separation, physical absorption and chemical scrubbing. Chemical scrubbing segment are further sub-segmented into two-factor chemical absorption of co2 and chemical absorption of h2s. The most preferable technology is water scrubbing with almost 40% share. However cryogenic technique is expected to grow at the highest CAGR more than 30% during the forecast period.
It is important to remember that the best technology to choose is based on specific parameters at the plant, such as the availability of cheap heat and the electricity price. Today, technological developments have led to cheaper and more efficient plants thanks to the increasing interest in upgrading biogas. The demand for more plants has also led to the development of standardized upgrading units which also decreases the costs. The upgrading costs of established techniques are dependent on the specific technology, but most importantly on the size of the plant. However, the field of biogas upgrading is developing rapidly and thus the cost development would also be expected to change.
The market for upgrading biogas to biomethane has numerous opportunities, as this alternative energy can be used for different applications, particularly transportation. High fuel consumption centralized refueling and government subsidies of vehicle capital expenses make transit buses ideal for early adoption of compressed or liquefied biomethane usage. However, distribution of biomethane from the point of production to the point of consumption involves both complex regulatory issues and expenses.
Browse the full market research report at “Global Biogas Upgrading Market Outlook (2015-2022)”
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. Among these regions, Europe accounted for the largest market share in 2014. The Asia Pacific region is expected to grow at a higher CAGR more than 30% and is anticipated to account for the highest market share in the forecast period. Moreover, biogas production is gaining attention in Asia-Pacific, especially in Australia, New Zealand, Japan, China and India. In China, both commercial production and at-home biogas digesters are commonly prevalent.
Some of the key players in the global Biogas Upgrading Market include Greenlane Biogas, Cirmac, MT Energie, Malmberg Water, Prometheus Energy, Air Liquide, Kohler and Ziegler, DMT Environmental Technology, Carbotech and Guild Associates.
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