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- Europe Biomass Gasification Market
Europe Biomass Gasification Market to Reach 321.0 TWh by 2032, Propelled by Expanding Adoption of Bio-Energy Resources
April 03, 2023
| Energy & Mining
According to the latest report by IMARC Group, titled “Europe Biomass Gasification Market Report by Source (Solid Biomass, Biogas, Municipal Waste, Liquid Biomass), and Country 2024-2032,” the Europe biomass gasification market size reached 216.0 TWh in 2023. Biomass gasification refers to the process of converting biomass, such as agricultural waste, forestry residues, and energy crops, into a combustible gas mixture known as syngas. This is achieved by heating the biomass in an oxygen-starved environment, a process known as partial combustion, which produces a mixture of carbon monoxide (CO), hydrogen, and other combustible gases. The syngas can be used as a fuel for generating electricity, heating buildings, or as a feedstock for producing chemicals and fuels. Biomass gasification is a renewable and environmentally sustainable alternative to fossil fuels as it utilizes organic waste materials that would otherwise be left to decompose in landfills, releasing methane, a potent greenhouse gas (GHG).
Europe Biomass Gasification Market Trends:
The rising need for clean and decentralized energy and the adoption of renewable sources in the region to reduce the reliance on non-renewable energy sources are primarily driving the biomass gasification market growth. Besides this, the increasing population and rapid urbanization are resulting in an increased production of biomass waste, such as agricultural, industrial, and animal wastes, forest residues, and municipal solid wastes (MSW), which, in turn, is impelling the need for biomass gasification. Concurrent with this, the escalating environmental concerns and consumer awareness regarding the benefits of biomass gasification, such as low ecological impact, reduced carbon emissions, and secure, reliable energy, are propelling the market growth. Moreover, numerous initiatives undertaken by the governing authorities of the region providing subsidies and tax breaks for generating and adopting sustainable bio-energy resources are creating a positive outlook for the market. In addition to this, the widespread adoption of biochar, a carbon-rich solid by-product of biomass gasification, as a soil amendment to improve soil quality and reduce GHG emissions is presenting remunerative growth opportunities for the market. Furthermore, rapid industrialization, surging energy needs, a growing focus on sustainable development, extensive research and development (R&D) activities, and significant technological improvements in biomass gasification in terms of efficiency and cost are contributing to the market growth. Looking forward, the market volume is projected to reach 321.0 TWh by 2032, expanding at a CAGR of 4.4% during 2024-2032.
Market Summary:
- On the basis of the Source, the market has been segregated into solid biomass, biogas, municipal waste, and liquid biomass.
- Based on country, the market is segmented into Germany, France, the United Kingdom, Italy, Spain, Russia, and others.
- The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | TWh |
| Segment Coverage | Source, Country |
| Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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