GAITHERSBURG, Maryland, Aug. 21, 2019 /PRNewswire/ -- According to Stratistics MRC, the Global Biogas Upgrading Market is accounted for $0.62 billion in 2017 and is expected to reach $4.96 billion by 2026 growing at a CAGR of 26.0% during the forecast period.
Some of the key players in the global Biogas Upgrading market include Dreyer and Bosse Kraftwerke GmbH, DGE GmbH, Kohler and Ziegler, Carbotech, Greenlane Biogas, DMT Environmental Technology, BioGTS, Acrona Systems, Ros Roca Envirotec, Van Der Wiel Stortgas, Malmberg Water, Prometheus Energy, Xebec Adsorption, Guild Associates, MT Energie, 2G Energy, Pentair Haffmans, HAASE Energietechnik and DVO, Inc.
Some of the key factors influencing the market growth include demand for renewable energy, greenhouse gas emissions reductions, strict government regulations, and growing demand for waste treatment.
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Biogas is a green energy source that is produced by anaerobic digestion of organic wastes. This breakdown of organic material produces biogas, which is composed of methane, carbon dioxide, and a few other elements. Production of biogas is cost-effective as feed required for its production is easily available. It usually requires municipal waste, bio waste, energy crops and agricultural waste. Biogas is generated from microbial fermentation: anaerobic digestion.
Amongst technology, water scrubber segment is expected to grow at the significant market share. It is a proven technology that has been used for the longest time as the process is simple and incurs low investment compared with other technologies. Water scrubbing is continuously undergoing development and is among the best technologies to be used in various types of facilities.
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By geography, The Asia Pacific is expected to hold the largest market size during the forecast period, owing to the growing demand for renewable energy in this region. At present, Asia Pacific occupies a leading position in terms of the total number of biogas plants. Nevertheless, most of these plants are small-scale and are serving a community or a single house.
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