The Global Biogas Upgrading Equipment market is to grow at a CAGR of 21.96 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in benefits of biogas. The Global Biogas Upgrading Equipment market has also been witnessing the strengthening rural economy. However, the increase in barriers to the development of biogas upgrading plants could pose a challenge to the growth of this market.
Initiatives being undertaken by various governments to support the Biogas industry constitute one of the major trends prevailing in this market. For instance, in 2008, the US Department of Agriculture launched a project to build biogas systems in rural areas with the aim of reducing environmental pollution. Further, in 2011, the US Department of Agriculture built 200 biogas systems in various areas including California. According to the project criteria, households can be included in the project if they have cattle or poultry that produce a minimum of 20 kilograms of dung every day that can be used for biogas generation. Thus, increasing governmental initiatives constitute one of the major positive trends in the Global Biogas Upgrading Equipment market.
The increased benefits of upgraded biogas constitute one of the major driving factors in this market. Biogas has several positive attributes and, therefore, it is fast becoming a popular fuel option. Thus, the growing popularity of biogas boosts the demand for biogas upgrading equipment. The positive attributes of upgraded biogas include its ability to significantly reduce carbon emission levels and act as an alternative automotive fuel.
The key vendors dominating this market space are Acrona Systems AG, CarboTech AV GmbH, Cirmac International bv, and Greenlane Biogas. The other vendors mentioned in the report are Air Liquide SA, DGE GMBH, Dirkse Milieutechniek (DMT) Environmental Technology, Dreyer and Bosse Kraftwerke GmbH, Gasrec Ltd., Gastreatment Services B.V. (GTS), Guild Associates Inc., Haase Energietechnik AG, Malmberg Water AG, MT - Energie GmbH and Co. KG, Prometheus Energy, Purac Puregas, Ros Roca Envirotec, Terracastus Technologies AB, Van der Wiel Holding BV, Xebec Adsorption Inc., and Ameresco Inc.
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