The report, now available on ASDReports, recognizes the following companies as the key players in the global biogas upgrading equipment market: Clean Energy, Greenlane, Pentair Haffmans, and Xebec.
Other Prominent Vendors in the market are: Carbotech, Air Liquide, Acrona-Systems, Energy & Waste Technologies, and HAASE Energietechnik.
Commenting on the report, an analyst said: “A trend which is boosting market growth is the rising adoption of natural gas vehicles. Upgraded biogas has been meeting expectations regarding production in the pilot projects and reducing the GHG has made it possible for use as a transportation fuel with a large potential for biogas producers. The governments in countries like the US, the UK, Sweden, Italy, and China are promoting the usage of renewable natural gas. Its usage in the transportation sector can reduce GHG emissions by 30% less carbon dioxide and an average 50% less NOx emissions when compared to equivalent diesel vehicles. Moreover, there is a 40%-50% reduction in cost, which is driving the naturally gas powered vehicles.”
According to the report, a key growth driver for this market is the need for cleaner fuel. The rise in GHG emission levels and the need to diversify the energy mix have driven the demand for efficient and cleaner alternative fuels such as biogas, biodiesel, and ethanol. With research and development efforts worldwide, biogas has gradually moved to large-scale commercialization and has also resulted in increased investments in technologies globally.
Further, the report states that one challenge that could restrict market growth is falling gas prices. The abundance of a gas discovery in the recent years has led to the increase of gas reserves globally. The over-supply of gas has resulted in a drop of the gas prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Jun 28, 2016