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 2036, 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.
Growth Drivers
Challenges
|
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 |
|
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 |
|
|
Feedstock |
|
|
Application |
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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.
Author Credits: Payel Roy, Dhruv Bhatia
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