BIOGAS COMPRESSION MARKET TOC
Part 01
Part 02
Part 03
Part 04
Part 05
Part 06
Part 07
Part 08
Part 09
Part 10
Part 11
Part 12
Part 13
Part 14
Part 15
Part 16
Cross Segmentation Analysis of Feedstock w.r.t. Application (USD Million), 2024-2037
Part 17
Part 18
Part 19
Part 20
Part 21
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.
Author Credits: Dhruv Bhatia
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