Biogas Upgrading Equipment Market Trends

Growth Drivers

• Technological Advancements in Upgradation of Biogas Techniques – Investment in biogas processing technology and machinery is encouraged by government funding and increased interest in the usage of biogas. As a result, new technologies like cryogenic refinement, on-site methane enrichment, ecological lungs, etc. have been developed as well as ongoing improvements to old ones. Reducing the release of methane into the atmosphere while increasing the energy intensity of upgraded biogas up to 99%. Companies can now make gaseous fuels by boiling dry raw materials using either a hydrolyzer via the Schmack pre-treatment process or a unique BIOFerm fermentation method with the help of recent technology advancements.
• Collaborations Between Various Nations – Several nations are cooperating, creating alliances, and concluding agreements to reduce greenhouse gas emissions and carbon emissions. The worldwide biogas market is expanding quickly as a result of this factor. The biogas industry is expanding due to rising environmental concerns about the emissions of hazardous and damaging gases. Therefore, this factor may positively impact the market growth. For instance, Denmark has one of the most stringent climate objectives in the world, aiming to reduce greenhouse gas emissions by 70% by 2030 and to achieve net zero emissions no later than 2050.
• Growing Demand for Biogas in Electricity Generation – Global electricity generation has increased steadily over the past ten years as a result of rising energy demand brought on by population growth, industrialization, and urbanization. The power sector relies on biogas as a key source of power generation, which helps to achieve the global goals of the switch to clean energy. The production of power from biogas is a recognized technology that is being widely used throughout the world. CHP engines are frequently utilized to generate electricity while recovering and using heat. The installed capacity of biogas has increased dramatically worldwide, reaching 21.37 GW in 2022 as a result of the rising demand for it in the power sector.

Challenges

• High cost Associated with the Refining of Biogas – It costs money to purify biogas from its raw form. In addition to natural air and 1% carbon dioxide, biogas also contains 30%–40% carbon dioxide. Biogas must have the same quality as natural air, which has a lower carbon dioxide content and a higher methane content. It is necessary to optimize the invention because the process is expensive. This can be accomplished by maximizing the efficiency of high methane production and cutting back on energy use. Given the high cost of the biogas refining process, higher investment to boost production to meet the rising demand could prove to be a significant barrier to the expansion of the worldwide biogas processing equipment market throughout the forecast period.
• High capital investment for Biogas Plants may Hamper Market Growth
• Impact of Methane on Climate May Hinder Market Growth.