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 global biomass electricity production has grown at a CAGR of 8.5% during 2014-2019 reaching a value of US$ 93 Billion in 2019.
IMARC’s latest study “Biomass Gasification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” 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 reached US$ 93 Billion in 2019.
According to IMARC Group estimates, the global biomass gasification market is projected to witness strong growth during 2020-2025.
The major factor bolstering the market growth are the numerous benefits offered by biomass gasification. It helps in decreasing methane emissions from the decomposition of organic materials in landfills, along with reducing the landfill spaces and minimizing groundwater contamination.
With rising environmental concerns and increasing greenhouse gas emissions, governments of various countries are promoting renewable energy sources. This has encouraged a shift toward environment-friendly energy sources.
The major biomass gasification market players are Lahti Energia Oy, Vaskiluodon Voima Oy, Essent N.V., Electrabel (part of GDF Suez), Södra, Skogsudden, Agnion Technologies GmbH, VPK Packaging Group, Skive Fjervarme A.m.b.a, and Babcock & Wilcox Vølund A/S.
Europe holds the leading position in the global biomass gasification market, on account of its widespread utilization for providing electricity to households and institutions.
Solid biomass, such as wood and other organic matter, represents the most popular source, as it is renewable and sustainable in nature.
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