Biogas Compression Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the biogas compression market was USD 22.3 billion, and a CAGR of 9.1% is anticipated during the forecast period. It involves equipment and systems used to compress biogas, which is produced from organic materials through processes like anaerobic digestion. Compression is crucial for storing and transporting biogas efficiently. The increasing focus on renewable energy is driving the growth of the market. Government initiative in promoting biogas, technological advancements in compression systems, and the need for cleaner energy sources. This market encompasses various players offering compressors, storage solutions, and related services for biogas applications in energy generation, transportation, and industrial use. Increase in concern about Green House Gas emission, is driving the growth significantly of Biogas compression market.

Impact of Covid-19

Supply Chain Disruptions

Disruptions in the supply chain impacted the availability of components required to manufacture biogas compression system, leading to delay in production, and project implementation. Due to stringent lockdown, and social distancing, all the industries had to face a slowdown, and biogas compression market wasn’t an exceptional one.

Economic Slowdown

The economic slowdown caused by the pandemic affected the decision of investors, who got confused, regarding investment decisions, and project funding for biogas infrastructure leading to a slowdown in new expansions, and installations. Economic uncertainties due to the pandemic occurred, and people got confused regarding their investment.

Shift in Priorities

Many industries, and government shifted their priorities, and focus towards healthcare and immediate pandemic-related needs, potentially diverting attention and funding away from renewable energy projects, including biogas initiatives. During the pandemic, people only wanted to invest for the essential goods. Shift in priorities brought a slowdown in the biogas compression market.

Operational Challenges

Lockdowns, travel restrictions, and safety measures affected the operations, and maintenance of existing biogas facilities, leading to challenge in regular supply. Rising energy demand was not fulfilled, and due to the lack of essential components, A significant slowdown was observed in the biogas compression market.

Growth Drivers

·         Increasing focus on Renewable Energy

·         Government Supports and Incentives

·         Rising Energy Demand

·         Waste management initiatives

·         Technological advancements

·         Industrial Applications

·         Increasing Awareness

The global shift towards renewable energy resources, driven by environmental concerns and climate change, is a major growth driver. Various governments worldwide are offering incentives, policies, and subsidies supporting renewable energy, including biogas production and utilization. This encourages investment and growth in the biogas sector. Biogas production from organic wastes like manures, fertilizers, and cow dung makes it an attractive option for industries and municipalities seeking sustainable waste disposal methods.

Growing environmental awareness among consumers and businesses leads to a preference for eco-friendly energy sources, prompting the adoption of biogas. Industries like agriculture, waste water treatment, and food processing utilize biogas for heating, electricity generation, and other purposes, further driving the demand for biogas compression systems. Increasing awareness among the people to decrease the use of fossil-fuels is driving the growth of the market significantly. Increase in investment in sustainable energy generation is likely to boost the market expansion during the forecast period. The increasing investment by key market players in research, and development activities is driving the market towards a new height. To reduce the excessive usage of fossil fuels is driving the growth in the market.

Segmentation

Compressor Type

·         Piston

·         Screw

·         Vane

·         Liquid Ring

·         Diaphragm

·         Others

Application

·         Biomethane

·         Transportation

·         Combined Heat and Power

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Europe

·         South America

·         Middle East and Africa

Biogas Compression Market Compressor type Segmentation

On the basis of compressor type, the biogas compression market is segmented into piston, screw, vane, liquid ring, diaphragm, and others. A piston compressor is a kind of piston reciprocating motion to make gas pressurization. Piston is the leading segment, and is expected to remain the same during the forecast period.

Biogas Compression Market Application Segmentation

On the basis of application, the biogas compression market is segmented into Biomethane, transportation, Combined heat and power, and others. Biomethane as an alternative to the CNG is the leading segment in the market. It offers several advantages, and it has a very high energy density, and it also emits significantly lower level of greenhouse gases, and other pollutants compared to the bio-diesel. Bio-CNG also helps in promoting energy security. According to Indian Oil Corporation, the use of Bio-CNG reduces the Carbon di- oxide emission by 30%. Hence there is a surge in demand for pollution free fuel is driving the growth of the market. With more than 250 biogas compression plants, Germany is the largest market in all over the world. The number of Bio-gas compression facilities is increasing in USA.

Regional Outlook

On the basis of regions, the biogas compression market is segmented into 5 regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Europe is projected to account for the largest share of the market during the forecast period. The rise in adoption of biomethane and government initiatives to increase awareness among people regarding the harmful effects of greenhouse gases and carbon emissions are driving the market in Europe. Germany is the biggest market in the region in terms of the consumption of biogas. Government initiatives and increasing awareness among the people about the side effects of green house gas are driving market growth in the North American region. The market in Latin America is growing at a moderate rate. Asia Pacific, due to the large population in countries like India and China, is driving the market towards growth. Rapid urbanization and industrialization, along with educated people, are well aware of the side effects of greenhouse gases.

Key Players

·         Tetra Tech

·         Aerzen

·         Gardner Denver

·         Biokomp Srl

·         Hindustan Petroleum Corporation Limited

·         Avelair

·         Swamatics

·         DBS Engineering Services

·         Chicgo Pneumatic

·         Bauer Compressors INC

·         HAUG Sauer Kompressoren AG

·         Enea Mattei SPA

·         Mehrer Compression GmbH

·         Tecno products industries Srl

·         Other Players

Global Biogas Compression Market research report presents a strategic analysis of the global Biogas Compression Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Biogas Compression revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Biogas Compression market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Biogas Compression Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Biogas Compression Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Biogas Compression revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

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In this report you can:

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This report detailed and all-inclusive data on Biogas Compression Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

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·         Target Market/Marketing and sales;

·         Regional and country assessment and opportunity analysis;

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·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

·         Market evaluation;

·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

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·         M&A managers.

Regional Coverage

The report on the global Biogas Compression Market breaks down the world into the following regions & countries and covers every single one of them:

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