Global biogas upgrading market to grow to $1.97bln by 2020
The global biogas upgrading market is expected to grow to $1.97 billion (€1.72bln) by 2022 at a compound annual growth rate of 28.65% from 2014-2022, according to a new market study.
Some of the key drivers of the market include strict government regulations, greenhouse gas emissions reductions, volatile fertiliser price, and demand for renewable energy and transportation fuel.
The biogas market is estimated to drive the market over next decade due to significant growth in residential and industrial applications.
The global biogas upgrading market is segmented by technology and by geography.
Based on technology, the market is segmented into water scrubbing, pressure swing adsorption, cryogenic technique, membrane separation, physical absorption, and chemical scrubbing.
The biogas upgrading market by geography is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Europe is leading the biogas upgrading market, while Asia Pacific is projected to have a faster growth rate.
The full study is available at http://www.marketresearchstore.com/report/global-biogas-upgrading-market-outlook-33391.