Biogas Compression Market Size & Share, by Type (Piston, Screw, Vane, Liquid Ring); Feedstock (Bio-municipal waste, Agriculture Residue, Energy Crops); Application (Power Generation, Heat Generation, Transportation, Upgraded Biogas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2037

  • Report ID: 5396
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

BIOGAS COMPRESSION MARKET TOC

Part 01

  1. An Outline of the Global Biogas Compression Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview

Part 02

  1. Assumptions and Abbreviations

Part 03

  1. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturer
      2. End-Users
    3. Secondary Research
    4. Market Size Estimation

Part 04

  1. Summary of the Report for Key Decision Makers

Part 05

  1. Market Dynamics
    1. Drivers
    2. Trends
    3. Opportunities

Part 06

  1. Major Roadblocks

Part 07

  1. Compressed Biogas Investment Analysis

Part 08

  1. Industry Risk Analysis

Part 09

  1. Biogas Compressor Pricing Analysis

Part 10

  1. Industry Supply Chain Analysis

Part 11

  1. Analysis of the Ongoing Developments in the Biogas Compression Market

Part 12

  1. Market SWOT Analysis

Part 13

  1. Technology Assessment

Part 14

  1. Competitive Positioning: Strategies to differentiate a company from its competitors

Part 15

  1. Competitive Model: A Detailed Inside View for Investors
    1. Market share of major companies profiled in 2024
    2. Business Profile of Key Enterprises
      1. Bauer Compressors,Inc.,
        1. Detailed Overview
        2. Assessment of key offerings
        3. Analysis of growth strategies
        4. Exhaustive analysis of key financial indicators
        5. Recent developments and strategies
      2. Aerzen
      3. Atlas Copco AB
      4. Indian Compressors Ltd
      5. Mehrer Compression GmbH
      6. Wartsila
      7. NEUMAN & ESSER GROUP
      8. HAUG Sauer Kompressoren AG
      9. Fornovo Gas S.p.A.
      10. Mattei Group

Part 16

  1. Global Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
    5. Key Market Drivers & Challenges in the Region
    6. Key Opportunities in the Region
    7. Global Biogas Compression Market Segmentation Analysis (2024-2037)
      1. By Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    8. By Feedstock
      1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    9. By Application
      1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    10. By Geography
      1. North America, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Europe, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Asia Pacific, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Latin America, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Middle East and Africa, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Cross Segmentation Analysis of Feedstock w.r.t. Application (USD Million), 2024-2037

Part 17

  1. North America Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Key Market Drivers & Challenges in the Region
      2. Key Opportunities in the Region
    5. North America Biogas Compression Market Segmentation Analysis (2024-2037)
      1. By Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    6. By Feedstock
      1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    7. By Application
      1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    8. By Country
      1. US, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Canada, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 18

  1. Europe Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
    5. Key Market Drivers & Challenges in the Region
    6. Key Opportunities in the Region
    7. Europe Biogas Compression Market Segmentation Analysis (2024-2037)
      1. By Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Feedstock
        1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Application
        1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. By Country
        1. Germany, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. UK, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. France, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Italy, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Spain, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Russia, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Rest of Europe, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 19

  1. Asia Pacific Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
    5. Key Market Drivers & Challenges in the Region
    6. Key Opportunities in the Region
    7. Asia Pacific Biogas Compression Market Segmentation Analysis (2024-2037)
      1. By Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Feedstock
        1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Application
        1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    8. By Country
      1. China, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. India, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Japan, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. South Korea, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      5. Australia, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      6. Rest of Asia Pacific, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 20

  1. Latin America Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
    5. Key Market Drivers & Challenges in the Region
    6. Key Opportunities in the Region
    7. Latin America Biogas Compression Market Segmentation Analysis (2024-2037)
      1. By Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Feedstock
        1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Application
        1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    8. By Country
      1. Brazil, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Argentina, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. Mexico, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Latin America, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Part 21

  1. Middle East and Africa Biogas Compression Market Outlook
    1. Market Overview
    2. Trends in the Region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    4. Year-on-Year (Y-o-Y) Growth Trend Analysis
    5. Key Market Drivers & Challenges in the Region
    6. Key Opportunities in the Region
    7. Middle East and Africa Biogas Compression Market Segmentation Analysis (2024-2037)
      1.  Type
        1. Piston, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Screw, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Vane, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Liquid Ring, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Feedstock
        1. Bio-municipal Waste, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Agriculture Residue, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Energy Crops, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Application
        1. Power Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Heat Generation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Transportation, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Upgraded Biogas, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5.  Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
    8. By Country
      1. GCC, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. Israel, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. South Africa, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F
      4. Rest of Middle East & Africa, Market Value (USD Million), and CAGR & Y-o-Y Growth Trend, 2024-2037F

Global Market Size, Forecast, and Trend Highlights Over 2024-2037

Biogas Compression Market size is anticipated to reach USD 156.5 Billion by the end of 2037, growing at a CAGR of 15.21% during the forecast period i.e., between 2024-2037. In the year 2023, the industry size of biogas compression was USD 25 Billion. Biogas is capable of being used in a variety of applications, such as heating, cooking, and vehicle fuel or electricity production. Biogas provides many advantages, including reducing greenhouse gas emissions and improving waste management to provide renewable energy. The production of biogas is expected to increase four times by 2030, according to the IEA's 2050 Net Zero Emissions scenario. Although the growth rate is projected to increase from 19% in 2017 to 32% in 2023, an even higher pace is needed to achieve the net zero goal by 2030.

The demand for advanced biogas systems will increase as more and more investments are made in reliable, high-quality technology for biogas plants. Technological progress will help investors and entrepreneurs to increase the capacity of CBG plants with reduced ownership costs, as well as increase biogas production. The investors in CBG projects have the advantage of profitability and sustainability when they deploy membrane technology.


Biogas Compression Market
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Biogas Compression Sector: Growth Drivers and Challenges

Growth Drivers

  • Integration as Vehicle Fuel - Biogas as a fuel for transport applications is becoming more and more popular. Renewable fuel sources are increasingly needed. There are a number of advantages to biogas as vehicle fuel, e.g. reducing greenhouse gas emissions in the transport sector up to 50%. Compared with fossil fuels such as petrol and diesel, 60% to 80%. In the same vehicles that use natural gas, biogas may be upgraded to the quality of natural gas.
  • Surging Government Policies and Incentives - One of the potential sources for sustainable growth is biomass. It provides a number of applications that help countries around the world increase their investment in biogas plants. Furthermore, more advanced products are being developed by compressor manufacturers as a result of the potential for compressed biogas in various applications. For example, an important umbrella initiative to convert waste into wealth and promote a circular economy is the Government of India's initiative to develop Galvan Organic BioAgro Resources Dhan. To increase economic growth sustainably and support a greener economy in the country, it is aimed at building an ecosystem that supports the construction of Compressed Biomass Plants.

Challenges

  • Raw Material Scarcity - In the production of biogas, raw materials play a major role. The main challenge remains the lack of availability of basic materials. The supply chain shall ensure a stable and adequate supply of material for the production of CBGs, but their availability is very variable in terms of season, region, or biogas compression market condition. The profitability and viability of CBG projects can also be influenced by feedstock costs.
  • Technological challenges are predicted to hinder the market growth in the forecast period.
  • Regulatory Barriers are expected to hamper the biogas compression market growth during the projected period

Biogas Compression Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2037

CAGR

15.21%

Base Year Market Size (2023)

USD 25 Billion

Forecast Year Market Size (2037)

USD 156.5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Biogas Compression Segmentation

Feedstock (Bio-municipal waste, Agriculture Residue, Energy Crops)

Based on feedstock, energy crops segment in the biogas compression market is poised to reach USD 57.02 billion by the end of 2037. For the potential conversion of energy crops into biofuels or biogas, it is important to grow them in particular. Examples of crops are maize, sorghum, switchgrass and dedicated biomass. For different applications, such as electricity generation, heating and transportation fuels, these compressors are of critical importance for the efficient extraction of biogas from energy crops.

Application (Power Generation, Heat Generation, Transportation, Upgraded Biogas)

In terms of application, power generation segment in the biogas compression market is anticipated to cross 56.18 billion during forecast period. Biogas compressors used in power generation play notable role in making sure the suitable use of biogas as renewable energy source. In order to achieve optimum combustion in gas engines and turbines, these compressors are specifically developed for the pressurization of biogas at needed levels. Depending on the factors such as the flow rate and the pressure requirements, positive displacement compressors or centrifugal compressors are usually used in biogas CHP plants.

Our in-depth analysis of the global biogas compression market includes the following segments:

         Type

  • Piston
  • Screw
  • Vane
  • Liquid Ring

         Feedstock

  • Bio-municipal Waste
  • Agriculture Residue
  • Energy Crops

          Application

  • Power Generation
  • Heat Generation
  • Transportation
  • Upgraded Biogas

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Biogas Compression Industry- Regional Landscape

European Market Forecasts

The biogas compression market in the Europe region is set to record the largest revenue of 85.54 billion by the end of 2037. The world's biggest biogas producer is Europe. Countries in the region have been leaders, such as Germany, France, Italy, and others. Germany is Europe's largest market, home to two-thirds of the installed capacity for biogas plants. In Europe, the primary feedstock for the growth of the biogas sector is energy crops, but the policy has recently shifted to the use of crop residues, sequential crops, livestock waste, and the capture of methane from landfill sites. Additionally, countries such as France, Italy, and Denmark in Europe support biogas production. Biogas production was accounted to be 3bcm which is 95% of what was produced by six countries in 2021. 

APAC Market Statistics

The biogas compression market in the Asia Pacific region is expected to cross USD 50.44 billion during the forecast period. The presence of countries like China, as well as developing nations such as India and others, are expected to drive growth in Asia Pacific. With an estimated 50 million households using biogas, China has the largest number of biogas installations in the region. The majority of these are in rural areas and small scale home and village plants. Increasing investment, rising government support and policies as well as the availability of raw materials in countries are some of the factors that drive biogas compression market growth across the region.

Research Nester
Biogas Compression Market Size
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Companies Dominating the Biogas Compression Landscape

    • BAUER COMPRESSORS, INC.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Aerzener Maschinenfabrik GmbH
    • Atlas Copco AB
    • Indian Compressors Ltd
    • Mehrer Compression GmbH
    • Wärtsilä Corporation
    • NEUMAN & ESSER
    • HAUG Sauer Kompressoren AG
    • Fornovo Gas S.p.A.
    •  Bharat Petroleum Corporation Limited

In the News

  • In partnership with the Ministry of Petroleum & Natural Gas, Bharat Petroleum Corporation Limited, a prominent Fortune 500 Maharatna Energy Conglomerate, organized a thorough workshop with the goal of promoting the use of compressed biogas as a sustainable energy source.
  • on order to guarantee a decrease of 12 MMTA of LNG imports, the Indian Biogas Association has advised investing Rs 30,000 crore on machinery and equipment needed for biomass supply to compressed biogas facilities.

Author Credits:  Dhruv Bhatia


  • Report ID: 5396
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand as vehicle fuel and surging government policies and incentives are some of the major factors anticipated to drive the growth of the biogas compression market.

The market is anticipated to attain a CAGR of ~15.21% over the forecast period, i.e., 2024-2037.

The major players in the market are of Mehrer Compression GmbH, Wärtsilä Corporation, NEUMAN & ESSER, HAUG Sauer Kompressoren AG, Fornovo Gas S.p.A., Bharat Petroleum Corporation Limited, and others.

The power generation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Europe is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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