Technavio has been monitoring the biogas upgrading equipment market share and it is expected to post an incremental growth of USD 1.25 billion, accelerating at a CAGR of 16.86% till 2025. Environment and energy security is one of the key trends that positively influence the biogas upgrading equipment market growth. The market is segmented by technology (water scrubber, chemical scrubber, pressure swing adsorption, and others) and geography (Europe, North America, APAC, MEA, and South America).
The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Unlock Sample Report Analysis
Biogas Upgrading Equipment Market: Emerging Trends to Impact Market Growth
The market is driven by the need for cleaner fuel. In addition, favorable government policies are anticipated to boost the growth of the Biogas Upgrading Equipment Market.
Biogas is extracted from biodegradable substances and waste products and then recycled and upgraded to serve as fuel for reuse in various applications. The upgraded biogas burns twice as efficient when compared with its regular state and will reach the quality of natural gas. The need for upgraded biogas is growing fast, and thus the production of appropriate equipment is increasing. Hence the demand for biogas upgrading equipment will increase during the forecast period.
Biogas Upgrading Equipment Market: Vendor Analysis
The market is concentrated and the degree of concentration will accelerate during the forecast period due to the presence of several players. Acrona Projects Sarl, Atlas Copco AB, Carbotech Gas Systems GmbH, Clean Energy Fuels Corp., DMT International, Greenlane Renewables Inc., LAIR LIQUIDE SA, Pentair Plc, Terberg Ros Roca Group, and Xebec Adsorption Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. The growth of the players depends on several factors such as market conditions, government support, and industry development.
Technavio custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations. Download the PDF Sample Report
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