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The biogas upgrading equipment market size is forecast to increase by USD 7.43 billion at a CAGR of 18.52% between 2023 and 2028. The market is driven by the increasing demand for cleaner fuel sources, particularly in the power generation, transportation, and marine industries. Biogas upgrading is essential to convert raw biogas into biomethane, which is compatible with Compressed Natural Gas (CNG) and can be used as a renewable alternative to fossil fuels. Technological advancements in cryogenic refining and methane enhancement techniques have improved the efficiency and cost-effectiveness of biogas upgrading. However, the high cost of production remains a significant challenge for market growth. In the US, the market is expected to grow due to the country's focus on renewable energy generation and the adoption of clean energy solutions. Key industries such as power generation, transportation, and marine are expected to drive market demand.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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