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North America Biomass Gasification Market to Grow at 4.09% During 2024-2032, Triggered by Rising Demand for Electricity Generation

July 21, 2020 | Energy & Mining

The latest report by IMARC Group, titled “North America Biomass Gasification Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the North America biomass gasification market is expected to grow at a CAGR of 4.09% during 2024-2032. Biomass gasification is a thermal chemical process that converts carbonaceous biomass into a combustible gas. This resulting gas consists of carbon monoxide (CO), hydrogen (H2), carbon dioxide (CO2), methane (CH4) and other gaseous hydrocarbons along with contaminants, such as tars, char, and ash. Biomass gasification takes place at a lower temperature (900° C) as compared to coal-gasification. As biomass is a renewable source of energy obtained from organic matter such as plant and animal waste, biomass gasification has gained widespread preference in North America. It provides clean gaseous fuel for use in furnaces, boilers and internal combustion engines for power generation and process heating.

North America Biomass Gasification Market Trends:

Biomass gasification is commonly used in various industries for electricity generation, which represents one of the primary growth-inducing factors for the market. Large-scale gasifiers provide fuel for commercial power generation, a source of heat and power to meet significant industrial needs, or gases for producing chemicals. Besides this, the rising environmental concerns have led to a shift from fossil fuels to biomass as it produces significantly lower amounts of air pollutants than traditional coal-based power-generation methods. It also facilitates waste management and reduces landfill volume. Consequently, regional governments are providing incentives to encourage the adoption of biomass gasification. For instance, the United States, China and Brazil signed an agreement in 2015 to increase the amount of electricity produced from renewable resources, such as biomass. Moreover, population growth in the region is expected to increase the usage of biomass gasification in the transportation sector, as well as in the generation of ethanol, biodiesel and biogas.

Market Summary:

  • Based on the source, the market has been segmented into solid biomass, biogas, municipal waste and liquid biomass.
  • Region-wise, the market has been divided into the United States, Canada and Mexico.
  • The competitive landscape of the market has been examined with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million, TWh
Segment Coverage Source, Country
Countries Covered United States, Canada, Mexico
Customization Scope 10% Free Customization
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Biomass Gasification Market to Grow at 4.09% During 2024-2032, Triggered by Rising Demand for Electricity Generation
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