|
Forecast Period
|
2024-2028
|
|
Market Size
(2022)
|
USD 4.08 Billion
|
|
CAGR
(2023-2028)
|
5.19%
|
|
Fastest Growing
Segment
|
Agriculture Wastes
|
|
Largest Market
|
North America
|
Market Overview
Global Biogas Upgrading
Equipment Market was valued at USD 4.08 billion in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 5.19% through 2028.
The Biogas Upgrading
Equipment market refers to the industry focused on the development,
manufacturing, and deployment of technologies designed to upgrade raw
biogas—primarily composed of methane and carbon dioxide—into high-quality
biomethane. This process involves the removal of impurities, such as carbon
dioxide and trace elements, to meet stringent gas quality standards suitable
for injection into natural gas grids or utilization as a clean energy source.
Biogas upgrading equipment plays a pivotal role in the broader context of
sustainable energy solutions, waste-to-energy initiatives, and the circular
economy. As global efforts intensify to reduce greenhouse gas emissions and
transition towards renewable energy sources, the Biogas Upgrading Equipment market
emerges as a critical enabler, offering environmentally friendly solutions for
both organic waste management and the production of renewable biomethane. The
market's significance lies in its contribution to mitigating climate change,
promoting energy independence, and fostering a more sustainable approach to
waste utilization within the broader renewable energy landscape.
Key Market Drivers
Growing Emphasis
on Sustainable Energy Sources
In recent years,
there has been a significant shift in global energy paradigms, with an
increasing emphasis on sustainable and renewable energy sources. This shift is
driven by growing environmental concerns, depleting fossil fuel reserves, and
the need to mitigate the impact of climate change. As a result, the global
biogas upgrading equipment market has experienced a surge in demand, fueled by
the desire to harness the potential of biogas as a clean and sustainable energy
source.
Biogas upgrading
equipment plays a crucial role in the conversion of raw biogas, typically
composed of methane and carbon dioxide, into high-quality biomethane suitable
for injection into the natural gas grid or for use as a vehicle fuel. The
escalating global focus on sustainability and the urgent need to reduce
greenhouse gas emissions are driving governments, industries, and communities
to explore and invest in biogas upgrading solutions.
Governments
worldwide are implementing supportive policies and incentives to promote the
use of biogas and biomethane, further propelling the growth of the biogas
upgrading equipment market. With increasing awareness of the environmental
benefits and long-term sustainability of biogas, the market is expected to
witness sustained growth in the coming years.
Stringent
Environmental Regulations and Emission Targets
As countries
strive to meet their commitments to reduce greenhouse gas emissions and
transition towards a low-carbon economy, stringent environmental regulations
and emission targets are becoming integral components of national energy
policies. Biogas upgrading equipment plays a pivotal role in achieving these
targets by enabling the conversion of biogas into biomethane, a cleaner and
more environmentally friendly alternative to traditional fossil fuels.
The demand for
biogas upgrading equipment is bolstered by the need for industries to comply
with emissions standards and regulations aimed at curbing air pollutants and
mitigating climate change. Governments are actively promoting the adoption of
biogas upgrading technologies through regulatory frameworks, tax incentives,
and subsidies, creating a favorable environment for market growth.
Biogas upgrading
not only reduces greenhouse gas emissions but also addresses other
environmental concerns, such as the proper management of organic waste and the
generation of renewable energy from biomass. As the regulatory landscape
continues to evolve, the biogas upgrading equipment market is poised to benefit
from the increasing need for sustainable solutions in waste management and
energy production.
Growing
Awareness of Circular Economy Principles
The concept of a
circular economy, which emphasizes the sustainable use of resources and the
minimization of waste, has gained significant traction globally. Biogas
upgrading equipment aligns seamlessly with the principles of a circular economy
by converting organic waste into valuable biomethane, closing the loop on waste
management and promoting a more sustainable approach to resource utilization.
With a rising
awareness of the environmental impact of linear production and consumption
patterns, businesses and communities are exploring circular economy solutions,
including the implementation of biogas upgrading facilities. This growing
awareness is driving investments in biogas projects, leading to an increased
demand for biogas upgrading equipment as a key enabler of circular economy
practices.
The integration
of biogas upgrading into the circular economy framework offers multiple
benefits, including reduced reliance on finite resources, minimized
environmental impact, and the creation of a closed-loop system for organic
waste management. As circular economy principles continue to gain prominence,
the biogas upgrading equipment market is expected to witness sustained growth.
Technological
Advancements and Innovation in Biogas Upgrading
The biogas
upgrading equipment market is experiencing rapid technological advancements and
innovations, driving the development of more efficient and cost-effective
solutions. Continuous research and development efforts are focused on enhancing
the performance, reliability, and scalability of biogas upgrading technologies,
making them more accessible to a broader range of applications.
One of the key
technological advancements contributing to market growth is the improvement of
membrane-based biogas upgrading systems. These systems offer advantages such as
high methane recovery rates, low energy consumption, and compact footprints,
making them increasingly popular in various industrial and municipal settings.
In addition to
membrane technology, there are ongoing efforts to explore and integrate novel
approaches, such as biological methanation and power-to-gas systems, into
biogas upgrading processes. These innovations aim to address challenges related
to the variability of biogas composition and optimize the overall efficiency of
biomethane production.
The constant
evolution of biogas upgrading technologies not only enhances their performance
but also reduces the overall cost of biogas-to-biomethane conversion. This, in
turn, makes biogas upgrading more economically viable and attractive to a
broader range of stakeholders, including waste treatment facilities,
agricultural operations, and energy producers.
Increasing
Investment in Renewable Energy Infrastructure
The global push
towards a more sustainable and resilient energy infrastructure has led to
increased investments in renewable energy projects, including those focused on
biogas production and upgrading. Governments, financial institutions, and
private investors are recognizing the potential of biogas as a reliable and
clean energy source, driving a surge in funding for biogas upgrading equipment
and associated infrastructure.
Investment in
renewable energy projects is often facilitated by supportive policies, feed-in
tariffs, and other financial incentives provided by governments to encourage
the adoption of clean energy technologies. Biogas upgrading projects, in
particular, are attractive to investors due to their dual impact on waste
management and renewable energy production.
As the global
energy landscape continues to transition towards sustainability, the biogas
upgrading equipment market is poised to benefit from the influx of capital into
renewable energy infrastructure. This investment not only supports the
deployment of new biogas upgrading facilities but also contributes to the
expansion and upgrading of existing installations.
Diversification of Biomethane Applications and
End-Use Sectors
The versatility
of biomethane as a clean and renewable energy source has led to its increasing
adoption across a diverse range of applications and end-use sectors. Originally
utilized for electricity generation and heating, biomethane is now gaining traction
as a vehicle fuel, contributing to the growing demand for biogas upgrading
equipment.
The
transportation sector, in particular, is witnessing a shift towards biomethane
as a sustainable alternative to traditional fossil fuels. As countries set
ambitious targets to reduce carbon emissions from the transportation industry,
biomethane produced through biogas upgrading becomes a crucial component of
achieving these goals.
In addition to
transportation, biomethane is finding applications in industries such as
agriculture, where it can be used for process heat, and in the residential
sector for cooking and heating. The expanding array of applications for
biomethane enhances its market potential and, consequently, drives the demand
for biogas upgrading equipment.
The
diversification of biomethane applications not only broadens the market base
for biogas upgrading equipment but also makes it a key player in addressing the
energy needs of various sectors. This trend is expected to continue as
advancements in technology and increased awareness of biomethane's benefits
further drive its integration into diverse industries and applications.
In conclusion,
the global biogas upgrading equipment market is experiencing robust growth
driven by a convergence of factors, including a global emphasis on sustainable
energy, stringent environmental regulations, the adoption of circular economy
principles, technological advancements, increased investment in renewable
energy infrastructure, and the diversification of biomethane applications. As
these drivers continue to shape the energy landscape, the biogas upgrading
equipment market is positioned for sustained expansion, offering a compelling
solution to the dual challenges of waste management and clean energy
production.
Government Policies are Likely to
Propel the Market
Renewable Energy
Targets and Incentives
In response to
the pressing need for sustainable energy solutions and the global commitment to
reduce carbon emissions, governments around the world are implementing policies
that set ambitious renewable energy targets. These targets are instrumental in driving
the demand for biogas upgrading equipment as a key component of the renewable
energy mix.
One prominent
policy approach involves establishing clear and measurable renewable energy
targets, often outlined in legislation or national energy strategies. These
targets typically specify the percentage of energy that must be derived from
renewable sources within a given timeframe. To incentivize the adoption of
biogas upgrading technologies, governments often accompany these targets with a
range of financial incentives, subsidies, and tax credits.
In some regions,
feed-in tariffs guarantee a fixed payment for the electricity or biomethane
produced from biogas upgrading facilities, providing investors with a
predictable revenue stream and encouraging the development of new projects.
These policies not only stimulate investment in biogas upgrading equipment but
also contribute to the overall growth of the renewable energy sector.
Additionally,
governments may establish renewable portfolio standards (RPS) or renewable
obligation schemes, which mandate utilities to procure a certain percentage of
their energy from renewable sources. This creates a stable market for
biogas-derived biomethane, ensuring a steady demand for biogas upgrading
equipment.
In conclusion,
government policies aimed at achieving renewable energy targets and providing
financial incentives play a pivotal role in fostering the growth of the global
biogas upgrading equipment market. As countries strive to transition to cleaner
and more sustainable energy sources, these policies create a favorable
environment for investment and innovation in biogas upgrading technologies.
Waste-to-Energy
Initiatives and Regulations
Governments
worldwide are increasingly recognizing the potential of waste-to-energy
initiatives as a means of addressing both environmental and energy challenges.
Policies promoting the conversion of organic waste into energy, such as biogas
upgrading, are gaining traction as a sustainable solution to waste management
and renewable energy production.
One key aspect
of these policies involves the establishment of regulations and frameworks that
encourage or mandate the diversion of organic waste from landfills to biogas
facilities. By creating a regulatory framework that supports waste-to-energy
projects, governments aim to reduce the environmental impact of landfills,
decrease methane emissions from decomposing organic matter, and promote the
sustainable management of waste.
To further
incentivize the adoption of biogas upgrading equipment, governments may offer
grants, subsidies, or low-interest loans to support the development and
expansion of waste-to-energy projects. Financial support helps mitigate the
upfront costs associated with biogas upgrading infrastructure, making these
projects more economically viable for both public and private entities.
Moreover, some
regions implement landfill taxes or levies, penalizing the disposal of organic
waste in landfills and encouraging the redirection of waste streams to biogas
facilities. These economic instruments create a financial disincentive for
traditional waste disposal methods and drive the adoption of biogas upgrading
technologies as an alternative and environmentally friendly solution.
In summary,
government policies focused on waste-to-energy initiatives and regulations are
pivotal in shaping the global biogas upgrading equipment market. By creating a
supportive regulatory environment and offering financial incentives,
governments stimulate investment in biogas upgrading infrastructure,
contributing to both sustainable waste management and renewable energy
generation.
Grid Injection
and Gas Quality Standards
Governments play
a crucial role in shaping the integration of biomethane into existing natural
gas grids by establishing standards and regulations related to gas quality and
grid injection. These policies are essential for ensuring the seamless
injection of biomethane produced through biogas upgrading into the natural gas
distribution network.
Gas quality
standards set by regulatory authorities dictate the composition and
characteristics of the biomethane that can be injected into the gas grid. These
standards typically specify parameters such as methane content, impurities, and
calorific value, ensuring compatibility with existing gas infrastructure and
end-use applications.
Government
policies also address the technical and safety aspects of grid injection.
Regulations may require the installation of monitoring and control systems to
ensure the continuous monitoring of gas quality and injection parameters.
Additionally, safety standards and protocols are established to safeguard the
integrity of the gas grid and protect end-users.
To incentivize
the injection of biomethane into the gas grid, governments may implement
feed-in tariffs or other financial mechanisms that provide a fair and
competitive price for the injected biomethane. These policies help create a
viable market for biomethane and encourage the development of biogas upgrading
facilities capable of meeting the required gas quality standards.
In conclusion,
government policies related to grid injection and gas quality standards are
critical in facilitating the integration of biomethane into natural gas grids.
By establishing clear and comprehensive regulations, governments ensure the
safe and efficient injection of biomethane, fostering the growth of the global
biogas upgrading equipment market.
Research and
Development Funding for Innovation
Governments
recognize the importance of research and development (R&D) in driving
innovation and technological advancements in the biogas upgrading sector. To
encourage continuous improvements in efficiency, cost-effectiveness, and
environmental performance, governments implement policies that provide funding
and support for R&D initiatives in the biogas upgrading equipment market.
One key aspect
of these policies involves allocating financial resources to research
institutions, universities, and private companies engaged in the development of
novel biogas upgrading technologies. This funding supports projects aimed at
enhancing the overall performance of biogas upgrading equipment, reducing
energy consumption, and optimizing the biomethane production process.
Government-sponsored
R&D programs may focus on specific challenges faced by the biogas upgrading
industry, such as the development of more robust membranes, the exploration of
innovative biological methanation processes, or the integration of artificial
intelligence and automation for process optimization. By addressing these
challenges, R&D initiatives contribute to the evolution and maturation of
biogas upgrading technologies.
In addition to
direct funding, governments may offer tax incentives, grants, or subsidies to
companies investing in R&D activities related to biogas upgrading. These
financial incentives encourage private-sector participation in research
initiatives, fostering collaboration between government agencies and industry
stakeholders.
In summary,
government policies supporting research and development in the biogas upgrading
equipment market play a vital role in promoting technological innovation and
driving continuous improvement. As the industry evolves, these policies
contribute to the emergence of more efficient, cost-effective, and sustainable
biogas upgrading solutions.
Carbon Pricing
and Emission Reduction Targets
Governments
worldwide are increasingly adopting carbon pricing mechanisms and setting
ambitious emission reduction targets to combat climate change. These policies
create a conducive environment for the growth of the biogas upgrading equipment
market by incentivizing the reduction of greenhouse gas emissions through the
utilization of biomethane produced from organic waste.
Carbon pricing
can take the form of carbon taxes or cap-and-trade systems, where industries
are required to pay for their carbon emissions. Biogas upgrading facilities, by
converting organic waste into biomethane, contribute to the reduction of
methane emissions from landfills and offer a carbon-neutral or low-carbon
alternative to traditional fossil fuels.
To incentivize
the adoption of biogas upgrading technologies, governments may allocate a
portion of the revenue generated from carbon pricing mechanisms to support
renewable energy projects, including biogas upgrading facilities. This
financial support helps offset the initial capital costs associated with
establishing biogas projects, making them more economically viable for
investors.
Furthermore,
governments may set emission reduction targets, outlining the percentage of
greenhouse gas emissions that must be mitigated within a specified timeframe.
Biogas upgrading equipment, by converting methane-rich biogas into biomethane,
directly contributes to achieving these targets, positioning itself as a key
player in national and international efforts to combat climate change.
In conclusion,
government policies related to carbon pricing and emission reduction targets
provide a significant impetus for the growth of the biogas upgrading equipment
market. By creating financial incentives and aligning with global climate
goals, these policies encourage the adoption of biogas upgrading technologies
as a crucial component of sustainable and low-carbon energy solutions.
International
Cooperation and Trade Agreements
As the biogas
upgrading equipment market continues to expand, governments recognize the
importance of international cooperation and trade agreements to foster
collaboration, technology transfer, and the exchange of best practices. These
policies aim to create a supportive global environment for the development and
deployment of biogas upgrading technologies.
International
cooperation may involve bilateral or multilateral agreements that facilitate
the sharing of knowledge, expertise, and technology between countries.
Governments may establish joint research and development programs, promote
cross-border investments, and facilitate the transfer of biogas upgrading
equipment and expertise to regions with emerging markets or specific needs.
Trade agreements
that promote the export and import of biogas-related technologies can also
drive the growth of the global market. Governments may negotiate agreements
that reduce tariffs, streamline regulatory processes, and encourage the free
flow of biogas upgrading equipment and biomethane between countries. This
fosters a more interconnected and efficient global market for biogas
technologies.
Additionally,
governments may support international initiatives and forums that focus on the
development and standardization of biogas-related technologies. By
participating in these forums, countries can contribute to the establishment of
global standards, ensuring interoperability and consistency in biogas upgrading
equipment design and operation.
In summary,
government policies emphasizing international cooperation and trade agreements
are essential for the sustained growth of the global biogas upgrading equipment
market. By fostering collaboration and removing barriers to technology
transfer, these policies create a more interconnected and dynamic global
market, facilitating the widespread adoption of biogas upgrading technologies.
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Key Market Challenges
Infrastructure and
Integration Hurdles
One of the primary challenges
facing the global biogas upgrading equipment market is the intricate nature of
integrating biogas facilities with existing energy infrastructure. This
challenge encompasses various aspects, ranging from the geographical
distribution of biogas sources to the compatibility of biomethane with natural
gas grids.
Biogas upgrading equipment,
which transforms raw biogas into high-quality biomethane suitable for injection
into the natural gas grid, often encounters logistical challenges in terms of
proximity to gas infrastructure. Many biogas production sites are located in
rural areas or near agricultural operations where organic waste is abundant.
Connecting these remote biogas facilities to the existing natural gas grid
involves substantial investments in pipeline infrastructure, compressors, and
transportation systems.
Moreover, the variability in
biomethane composition poses integration challenges. The gas quality standards
for biomethane injected into natural gas grids require a precise methane
content and specific impurity levels. Achieving and maintaining these standards
can be demanding, particularly when dealing with biogas feedstocks of varying
compositions. Consequently, the need for additional conditioning and
purification steps within the biogas upgrading process adds complexity and cost
to the overall system.
The integration challenge
extends beyond gas grids to encompass end-use applications. Biomethane is used
for electricity generation, heating, and as a vehicle fuel. Adapting existing
infrastructure, such as power plants or gas-fired appliances, to accommodate
biomethane requires careful consideration of combustion characteristics, safety
standards, and equipment compatibility. Retrofitting or building new
infrastructure tailored to biomethane utilization can be a time-consuming and
capital-intensive process.
Addressing these integration
challenges requires a collaborative effort involving government bodies, energy
utilities, and technology developers. Policymakers play a crucial role in
providing incentives and regulatory frameworks that encourage the seamless
integration of biogas upgrading equipment with existing infrastructure.
Additionally, technological innovation and standardization efforts are
essential to streamline the integration process and enhance the overall
efficiency of the biogas-to-biomethane supply chain.
In conclusion, overcoming
infrastructure and integration hurdles is a central challenge for the global
biogas upgrading equipment market. Successfully navigating these challenges
requires a comprehensive and coordinated approach that considers the entire
biomethane value chain, from production to distribution and end-use
applications.
Economic Viability and
Financing Constraints
Despite the environmental and
sustainability benefits associated with biogas upgrading equipment, the
economic viability of such projects remains a significant challenge. The
upfront costs associated with installing biogas upgrading facilities, coupled
with uncertainties in revenue streams and market dynamics, pose obstacles to
attracting sufficient investment and financing.
Biogas upgrading equipment
requires substantial capital investment for the procurement and installation of
specialized components, such as upgrading units, compressors, and purification
systems. The economic viability of these projects is closely linked to factors
such as feedstock availability, energy market prices, and the regulatory
environment. However, the economic model for biogas upgrading projects is often
intricate, influenced by various variables, and subject to fluctuations in
commodity prices and policy frameworks.
A key economic challenge lies
in the dependence on external factors, such as subsidies, incentives, and
government support, to make biogas upgrading projects financially feasible.
Many biogas projects rely on governmental financial mechanisms, including feed-in
tariffs and renewable energy credits, to guarantee a steady revenue stream.
Changes in political administrations or alterations to energy policies can
introduce uncertainty and affect the economic viability of biogas upgrading
projects, potentially deterring investors.
Financing constraints further
compound the economic challenges faced by the biogas upgrading equipment
market. Traditional lenders may perceive biogas projects as relatively
high-risk investments due to factors such as technology uncertainties, variable
feedstock supplies, and market volatility. This perception can result in higher
interest rates, stricter lending conditions, or reluctance to finance projects
altogether.
Addressing economic viability
and financing challenges requires a multifaceted approach. Governments play a
crucial role in providing stable and supportive policy frameworks, including
long-term incentives and financial mechanisms that reduce investment risks.
Policymakers can work towards creating an environment that attracts private
investment, fosters innovation, and ensures a predictable revenue stream for
biogas upgrading projects.
Moreover, collaboration
between financial institutions, project developers, and technology providers is
essential to develop innovative financing models that align with the unique
characteristics of biogas upgrading projects. This may involve exploring public-private
partnerships, green bonds, or other financial instruments tailored to the
specific needs and risks associated with the biogas sector.
In conclusion, the economic
viability and financing constraints represent formidable challenges for the
global biogas upgrading equipment market. Successfully addressing these
challenges requires a concerted effort from governments, financial institutions,
and industry stakeholders to create a supportive and predictable investment
environment for biogas upgrading projects.
Segmental Insights
Type Insights
The Water Scrubber segment held
the largest Market share in 2022. Water scrubbers are often considered
cost-effective compared to some other biogas upgrading technologies. The
simplicity of the technology and the abundance of water as a scrubbing medium
contribute to lower operational costs.
Water scrubbing technology
has been in use for many years and is well-established. Its reliability and
efficiency in removing impurities from biogas make it a trusted choice in
certain applications.
Water scrubbers are
relatively simple to operate and maintain. They don't require complex chemical
processes or sophisticated membranes, making them more accessible for a range
of facilities, including smaller-scale operations.
Water scrubbing is often
suitable for biogas derived from certain feedstocks. Depending on the
composition of the biogas produced (which can vary based on the source
material), water scrubbers may be particularly effective.
Water scrubbers use water as
a scrubbing medium, and the process does not involve the use of chemicals that
might have environmental implications. This can be appealing in settings where
environmental sustainability is a priority.
Application Insights
The landfill Gas segment held
the largest Market share in 2022. Landfills are substantial sources of methane
emissions resulting from the decomposition of organic waste. The abundance of
landfill gas makes it a significant feedstock for biogas upgrading. By
capturing and upgrading this gas, it can be converted into high-quality
biomethane for various applications.
There is a growing global
focus on mitigating the environmental impact of landfills, particularly
regarding methane emissions. Upgrading landfill gas to biomethane is not only a
way to reduce greenhouse gas emissions but also aligns with regulatory frameworks
aimed at curbing air pollutants and mitigating climate change.
Landfill gas-to-energy
projects are part of broader waste-to-energy initiatives, where the utilization
of biogas contributes to sustainable waste management practices. Many
governments and municipalities worldwide are investing in these projects to
extract energy from waste materials.
Countries aiming to achieve
renewable energy goals often include landfill gas utilization in their
strategies. Upgrading landfill gas aligns with these goals, providing a
renewable energy source that can be injected into natural gas grids or used for
various energy applications.
Landfill gas projects, when
economically viable, can attract investments due to their potential for
consistent gas production over the long term. The economic feasibility of
upgrading landfill gas depends on factors such as the scale of the project,
available technology, and supportive regulatory frameworks.
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Regional Insights
North America
North America was the largest
market for biogas upgrading equipment, accounting for over 35% of the global
market in 2022. The growth of the market in North America is being driven by
strong government support for renewable energy and a growing demand for biogas
from transportation and industrial sectors. The United States is the largest
market in North America, followed by Canada.
Europe
Europe was the second-largest
market for biogas upgrading equipment, accounting for over 30% of the global
market in 2022. The growth of the market in Europe is being driven by stringent
environmental regulations and a growing focus on sustainable energy sources. Germany
is the largest market in Europe, followed by the United Kingdom and France.
Asia Pacific
Asia Pacific is the
fastest-growing market for biogas upgrading equipment, with a CAGR of over 25%
expected in the upcoming years. The growth of the market in Asia Pacific is
being driven by rapid urbanization, increasing waste generation, and government
initiatives to promote renewable energy sources. China is the largest market in
Asia Pacific, followed by India and Japan.
Recent Developments
- In October 2023,
AAT Group, a leading provider of biogas upgrading solutions, announced that it
had secured USD 21.90 million in funding from a consortium of investors. The
funding will be used to expand AAT's global reach and develop new biogas
upgrading technologies.
- In September
2023, Xebec Adsorption Inc., a Canadian manufacturer of biogas upgrading
systems, announced that it had received a USD 7.39 million investment from the
Government of Canada's Strategic Innovation Fund. The funding will be used to
develop and commercialize Xebec's next-generation biogas upgrading technology.
- In August 2023,
2G Energy AG, a Swiss developer of biogas upgrading systems, announced that it
had raised USD 11.35 million in a Series A funding round. The funding will be
used to expand 2G Energy's sales and marketing efforts and to develop new
biogas upgrading projects.
- In July 2023,
Frames Group, a Dutch biogas upgrading technology company, announced that it
had secured USD 5.47 million in funding from a group of private investors. The
funding will be used to expand Frames' operations in Europe and to develop new
biogas upgrading technologies.
- In June 2023,
Carbotech Gas Systems, a French manufacturer of biogas upgrading systems,
announced that it had received USD 3.28 million in funding from the European
Commission's Horizon 2020 program. The funding will be used to develop and
commercialize Carbotech's next-generation biogas upgrading technology.
Key Market Players
- Greenlane Renewables Inc.
- Malmberg SE
- Air Liquide S.A.
- Xebec Adsorption Inc.
- Carbotech Gas Systems GmbH
- Morrow Biogas Systems AS
- Wartsila Finland Oyj
- Prodeval
- DMT Environmental Technology GmbH
- Envitech Energietechnik AG
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By Type
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By Application
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By Region
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Report Scope:
In this report, the Global Biogas Upgrading
Equipment Market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- Biogas
Upgrading Equipment Market, By Type:
o Water Scrubber
o Chemical Scrubber
o PSA Membrane
- Biogas
Upgrading Equipment Market, By Application:
o Municipal & Domestic Sewage
o Industrial Wastewater
o landfill Gas
o Agriculture Wastes
- Biogas
Upgrading Equipment Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Biogas Upgrading Equipment Market.
Available Customizations:
Global Biogas Upgrading Equipment Market report
with the given Market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed
analysis and profiling of additional Market players (up to five).
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