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North American biogas upgrading market forecast to total US$326Mn in 2018
Biogas Upgrading: Technologies and Global Markets - a new market research report on 2014-03-20 15:29:03
The global market for biogas upgrading equipment reached $125.4 million in 2011. This market is expected to grow to $198.7 million in 2013 and $442.4 million in 2018, with a compound annual growth rate (CAGR) of 17.4%.
The European market is expected to grow from $146.6 million in 2013 to $325.5 million in 2018, a CAGR of 17.3%.
The North American market is expected to grow from $11.2 million in 2013 to $15.1 million in 2018, a CAGR of 6.2%.
Renewable, sustainable energy generation will be the fastest-growing energy sector over the next two decades. Price volatility, supply concerns and the environmental aspects of fossil fuels are expected to accelerate the pace of all non-fossil fuel development.As of this writing, the price of oil has hit highs of more than $100 per barrel on the world market, while U.S. drivers are paying nearly $4 per gallon of gasoline. Renewable domestic energy supplies are seen as a means of overcoming these problems. Biogas, a clean fuel derived primarily from waste materials, is an important alternative to conventional fossil energy.
The biogas production and biogas upgrading market is far better developed in Europe than in North America. Germany has, by far, the largest number of upgrading plants, most of which feed into the grid. Sweden ranks second, with the bulk of its facilities purifying biogas for use as vehicle fuel.
So far, North America´s upgrading capacity is primarily based at landfills; little new capacity has been built over the past decade. Although Asia has the largest number of biogas generating systems, the vast majority of these are small-scale plants that serve single dwellings or small communities. In the rest of the world, biogas production is at different stages of development; however, gas upgrading is only just emerging.
The need to responsibly dispose of mounting volumes of waste and the requirement to procure sustainable, secure energy supplies are two of the most important issues facing governments and industries around the globe. The production of energy from a number of waste streams (i.e., municipal and domestic sewage, industrial wastewater, landfills, livestock manure and agricultural residues) is a process that addresses both of these challenges.
In the current waste-to-energy market, anaerobic digestion offers a sustainable conversion process. With the addition of a biogas refining step, the waste-derived gas can be used in all applications where conventional natural gas is used.
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