A renewable source of energy, biomass is mainly obtained from organic matter such as plant and animal waste. It is further converted into a combustible gas mixture through the process of biomass gasification. The energy released through the process can be used for cooking food, generating electricity, heating and transportation. Biomass offers a viable alternative to coal-based power generation. Due to rising environmental concerns and increasing green-house gas emissions, companies are now turning towards environment-friendly energy sources. Consequently, the market for biomass has grown significantly faster than other energy sources. Moreover, government’s support through various policies and regulations along with abundant availability of biomass are some of the other factors that are currently driving this market. According to IMARC group, the market reached a value of US$ 98.2 Billion in 2020 and is expected to exhibit moderate growth during the forecast period (2021-2026).
IMARC’s latest study “Biomass Gasification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” has segmented the market on the basis of sources and major regions. Currently, solid biomass represents the biggest source of biomass electricity production followed by biogas, municipal waste and liquid biomass. Geographically, Europe holds the biggest market share followed by North America. The report has also analysed some of the key players operating in the global biomass gasification market which include Lahti Energia, Vaskiluodon Voima, Rudorsdorfer Zement, Essent, Electrabel (part of GDF Suez), Sodra Cell Varo Pulp Mill, Agnion Technologies, Corenso United, Skive Fjernvarme, Babcock and Wilcox Volund.
The report provides a comprehensive analysis for setting up a biomass gasification plant. The study covers all the requisite aspects of the biomass gasification market and provides an in-depth analysis of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the biomass gasification market in any manner.
Key Questions Answered in This Report:
The global biomass gasification market size was valued at US$ 98.2 Billion in 2020.
According to the estimates by IMARC Group, the global biomass gasification market is expected to witness a CAGR of 7.2% from 2021 to 2026.
The growing environmental concerns towards the continuous depletion of fuel-based energy sources represent one of the key drivers for global biomass gasification market
The introduction of numerous government initiatives to promote the use of biomass for reducing the landfill spaces and minimizing groundwater contamination, represents one of the key trends in the global biomass gasification market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous facilities for biomass gasification.
On the basis of the source, the market has been bifurcated into solid biomass, biogas, municipal waste, and liquid biomass. Among these, solid biomass represents the largest market segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global biomass gasification market are Lahti Energia, Vaskiluodon Voima, Rudorsdorfer Zement, Essent, Electrabel (part of GDF Suez), Sodra Cell Varo Pulp Mill, Agnion Technologies, Corenso United, Skive Fjernvarme, Babcock and Wilcox Volund.
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