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The India biomass gasification market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. 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 the process involving the thermo-chemical conversion of biomass into a combustible gas mixture, including hydrogen and carbon monoxide (CO). It consists of a gasifier system that contains a reactor where the gases are generated. The energy produced is further utilized to generate power for electricity and transportation. Biomass gasification is generally adopted to meet the thermal and electrical needs of various industries. Due to the rising environmental concerns among the masses, biomass gasification is widely utilized as a preferred substitute for conventional fuels, such as diesel, coal and furnace oils.
The market in India is primarily driven by the increasing demand for rural electrification. This is supported by the numerous initiatives undertaken by public and private agencies to provide electricity in rural areas across India. For instance, the Decentralized Energy Systems of India (DESI Power), a non-profit organization, is investing in the installation of biomass gasification mini-grid systems that are expected to provide electricity and job opportunities to individuals living in rural areas. Along with this, the increasing investments by the Government of India (GoI) in the development of multifaceted biomass gasifier-based power plants that produce electricity with the help of locally available natural resources, including wood chips and cotton stalks, and agro-residues, are further 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 to introduce hybrid solar-biomass gasification systems that aim to improve reliability while reducing the overall cost.
IMARC Group provides an analysis of the key trends in each sub-segment of the India biomass gasification market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on source.
Breakup by Source:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Source, Region|
|Region Covered||North India, West and Central India, South India, East India|
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