The Europe biomass gasification market size reached 205.5 TWh in 2022. Looking forward, IMARC Group expects the market to reach 277.0 TWh by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Biomass gasification refers to the process of converting biomass into a gaseous product, such as hydrogen and carbon monoxide (CO). The energy obtained from the process is further utilized to generate power. It is eco-friendly in nature, cost-effective and is an optimum decentralized energy source. Due to the rising environmental concerns across the globe, biomass gasification is widely used as a preferred alternative for coal-based power generation.
The market in Europe is primarily driven by an enhanced focus on sustainable development. This has impelled governments of numerous countries across the region to promote the uptake of sustainable energy. For example, the Government of Germany has invested in the development of the Bioliq pilot plant at Karlsruhe Institute of Technology (KIT) that produces engine-compatible design fuels through the process of biomass gasification. Furthermore, multiple key players in the region are also focusing on producing sustainable bio-energy resources. For instance, Syncraft-Das Holzkraftwerk, an Austria-based power plant, is now utilizing biomass gasification to produce energy, which is creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid industrialization and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe biomass gasification market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on source.
Breakup by Source:
- Solid Biomass
- Municipal Waste
- Liquid Biomass
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Questions Answered in This Report:
- How has the Europe biomass gasification market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe biomass gasification market?
- What are the key regional markets?
- What is the breakup of the market based on the source?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe biomass gasification market and who are the key players?
- What is the degree of competition in the industry?