According to the latest report by IMARC Group, titled “India Biomass Gasification Market: Industry, Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the India biomass gasification market is expected to grow at a CAGR of 3.9% during 2022-2027. Biomass gasification involves converting solid biomass fuel into a combustible gas mixture. The process employs thermo-chemical conversions to transform biomass into hydrogen and carbon monoxide (CO) by using oxygen, heat, carbon dioxide (CO2), and steam. The energy released through the process is commonly used for producing electricity, cooking food, heating, and transportation. As compared to traditional gas-powered systems, biomass gasifiers are a cost-effective alternative and offer an optimum decentralized energy source. As it is produced locally, it assists in reducing CO2 emissions and increasing fuel security.
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India Biomass Gasification Market Trends:
Tightening environmental regulations in India are accelerating progress toward cleaner energy generation, which, in turn, has prompted the country to expand its renewable energy capacities to minimize dependence on coal for conventional power generation. Biomass gasification is an efficient, eco-friendly process that lowers methane emissions from the decomposition of organic substances and reduces landfill space and groundwater contamination, which is primarily driving the market growth. Additionally, the widespread product adoption due to the increasing demand for rural electrification, supported by the implementation of various initiatives undertaken by private and public agencies, is acting as another growth-inducing factor. Apart from this, rising investments by the Government of India (GoI) for the development of multifaceted biomass gasifier-based power plants that help produce electricity from locally available natural resources, including wood chips, cotton stalks, and agro-residues, are providing an impetus to the market growth. Such practices help mitigate waste disposal pollution while generating products such as syngas, power, biofuels, biochar, heat, and fertilizer. Besides this, the commercialization of small- to large-scale biomass gasification systems, extensive research and development (R&D) activities, and rapid industrialization are anticipated to drive the market growth. In line with this, the increasing adoption of biomass gasification for waste processing as a replacement for conventional techniques is providing a considerable thrust to the market growth.
- Based on the source, the market has been segmented into solid biomass, biogas, municipal waste, and liquid biomass.
- On a regional basis, the market has been categorized into North, West and Central, South, and East India.
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
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