Biogas Upgrading Equipment Market: Current Analysis and Forecast (2024-2032)

Biogas upgrading equipment refers to the systems and technologies used to purify and transform raw biogas into a high-quality, pipeline-ready gas that can substitute fossil fuels. This process involves removing impurities, such as carbon dioxide, hydrogen sulphide, and water, to produce a gas compatible with natural gas infrastructure. As governments and corporations worldwide set ambitious targets to reduce greenhouse gas emissions, the demand for renewable energy sources is increasing rapidly. Biogas is becoming increasingly popular as a cleaner, more sustainable alternative to fossil fuels.

The Biogas Upgrading Equipment Market is expected to grow at a robust CAGR of 19.2 % during the forecast period. Government policies and incentives aimed at promoting the use of renewable energy are also driving the market's growth. Additionally, Incentives such as tax credits, grants, and subsidies encourage companies to invest in biogas production and upgrading technologies.

Based on technology, the market is segmented into water scrubbers, chemical scrubbers, pressure swing adsorption (PSA), membranes, and others. The water scrubber segment is forecasted to hold a significant market share because it has a competitive advantage over other technologies due to its ability to adapt to various biogas production scales. Water scrubber technology is known for its low methane loss and energy consumption.

Based on application, the market is segmented into municipal and domestic sewage, industrial waste, landfill gas, and agriculture waste. Amongst these, the municipal and domestic sewage segment accounted for the largest share of the global biogas upgrading equipment market in 2023, owing to the growing focus on waste management and the increasing adoption of biogas upgrading technologies in municipal and domestic sewage treatment plants. Moreover, Governments and local authorities worldwide are improving waste management practices, with a particular emphasis on converting organic waste into valuable energy sources.

For a better understanding of the market adoption of the biogas upgrading equipment industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), Rest of World. North America has a significant share in the Biogas Upgrading equipment market. The increasing demand for renewable energy sources is a primary driver of the biogas upgrade market in North America. Governments and corporations are seeking cleaner alternatives to fossil fuels, and biogas, a type of renewable natural gas (RNG), has emerged as a viable solution. The IEA report states, "The uptake of technologies that create interdependences between gas and electricity networks (for example, electrolysis or hybrid heat pumps) will also determine the scale of investments required for gas grids". This growing demand for renewable energy is fueling the growth of North America's biogas upgrading equipment market.

Some major players operating in the market include Atlas Copco AB, Air Liquide SA, Carbotech Gas Systems GmbH, DP CleanTech Co. Ltd., DVO, Inc., Greenlane Renewables Inc., HAASE Umwelttechnik GmbH, Nacelle Logistics LLC, NEOZEO AB & SIA, and Pentair Plc.