Biogas upgrading equipment: Key market research findings
- EMEA dominates the market geographically
- Water scrubbers account for a major share of the market’s revenue
- Key vendors – Clean Energy Fuels, Greenlane Biogas, Pentair Haffmans, and Xebec
Technavio’s market research analysts predict the global biogas upgrading equipment market to grow at a CAGR of almost 9% between 2016 and 2020. The growing emphasis on environment and energy security is augmenting the demand for biogas upgrading equipment globally. The availability of limited resources for fossil fuels and its rapid depletion are resulting in the increased focus on biogas as an alternative fuel. It helps to diversify the energy mix and reduce dependence on global petroleum markets. Furthermore, the reduced levels of greenhouse gas (GHG) emission and the ease of domestic production is encouraging the use of biogas as an alternative fuel. During 2015, the EMEA accounted for over 70% of the overall market share to become the dominant shareholder in the global biogas upgrading equipment market. Favorable support conditions from the government and the introduction of the green-gas concept are some of the factors that will boost growth in the global biogas upgrading equipment market in EMEA during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the global biogas upgrading equipment based on the product.
“There is a noticeable increase in the adoption of natural gas vehicles across the globe. The use of compressed natural gas (CNG) in the transportation sector reduces GHG emissions when compared to equivalent diesel vehicles. As a result, governments of several countries like the US, the UK, Sweden, Italy, and China are promoting the usage of renewable natural gas. Upgraded biogas has a huge potential and can be used in transportation sectors such as public and freight transport, railways, and the marine segment,” says Vishu Rai, Lead Analyst, Energy, Technavio Research.
During 2015, the water scrubber segment occupied over 42% of the overall market share to become the key revenue generator in the global biogas upgrading equipment market. Water scrubbing is a process used for removing carbon dioxide from biogas to form high-quality biomethane. It is the most widely used process owing to its simplicity. Commercially available in various capacities that range from 0.2 kWh/Nm³ to 0.46 kWh/Nm³, the global biogas water scrubber market is expected to showcase substantial growth to reach 2,68,750 Nm³ capacity by 2020.
The key vendors in the market include Clean Energy Fuels, Greenlane Biogas, Pentair Haffmans, and Xebec. The global biogas upgrading equipment market is characterized by the presence of prominent vendors and small vendors with products that have a wide scope of applications. The leading vendors in the market have a broad portfolio of upgrading equipment, which can be customized depending on customer requirements.
A more detailed analysis is available in the Technavio report, Global Biogas Upgrading Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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