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The global biomass gasification market size reached US$ 105 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 153.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6.44% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biomass gasification refers to a technology pathway that utilizes a controlled process to transform biomass into hydrogen and carbon monoxide (CO) by using oxygen, heat, carbon dioxide (CO2) and steam. The energy released through the process can be used for preparing food, generating electricity, heating and transportation. As compared to traditional gas-powered systems, biomass gasifiers offer an optimum decentralized energy source at an affordable cost. Other than this, the integration of biomass gasification with steam and gas turbines offers an efficient, clean and modern biomass system for the production of electricity and heat. The rapid depletion of fossil fuels and the abundant availability of biomass is currently driving the market toward growth.
The Increasing rural electrification rate, particularly in developing countries, has escalated the demand for decentralized electricity generation, which is majorly driving the global biomass gasification market toward growth. Besides this, the widespread acceptance of these systems for waste processing as a replacement of conventional techniques, such as incineration and landfill, is further fueling the market growth. Moreover, the leading market players and governments of various nations have been consistently investing in the development of advanced technologies, which is contributing to the market growth. For instance, the United States Depart of Energy (USDOE) is developing innovative and flexible modular designs through the Gasification Systems Program. This aids in the conversion of different types of US domestic coal blends, waste plastics, and municipal solid waste (MSW) into clean synthesis gas. Furthermore, the rising development and commercialization of small- to large-scale biomass gasification systems combined with power generation equipment is positively influencing the market across the globe.
IMARC Group provides an analysis of the key trends in each sub-segment of the global biomass gasification market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on source.
Breakup by Source:
At present, solid biomass, which includes wood and other organic matter, dominates the market as it is sustainable in nature.
Breakup by Region:
On the basis of region, the report finds that Europe enjoys the leading position in the market, accounting for the largest market share.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Units||US$ Billion, TWh|
|Segment Coverage||Source, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
The global biomass gasification market reached a value of US$ 105 Billion in 2021.
According to the estimates by IMARC Group, the global biomass gasification market is expected to grow at a CAGR of 6.44% during 2022-2027.
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.
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