Biogas Upgrading Equipment Market Size

Biogas Upgrading Equipment Market size is anticipated to reach USD 11 Billion by the end of 2036, expanding around 15% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of biogas upgrading equipment was over USD 2 Billion. The demand is driving research and development for more effective and cleaner alternatives including biogas, biodiesel, and ethanol due to rising greenhouse gas emissions and the need to diversify energy options. As an alternative to natural gas, biogas is employed. As a result, the market is expanding due to the demand for cleaner fuel. Around 21.5 gigawatts of installed biogas energy capacity were had been utilized in 2022. This was the highest point throughout the period under review and represented a rise of 2.4% from the previous year.

Additionally, more refined biogas production with the right tools is required to fulfill the demand, which is expanding quickly. As a result, there is a rising need for equipment updates, which will fuel the expansion of the worldwide biogas refining equipment market throughout the forecast period. Methane can now be separated from carbon dioxide and other gases using biogas upgrading technology, producing concentrated biogas that is almost entirely methane. Additionally, it guarantees that all biomethane standards are appropriate for use in natural gas distribution systems or as fuel for CNG cars, among other uses.