A new research report by IMARC Group, titled “Biomass Gasification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, estimates that the global biomass gasification market reached a value of US$ 98.2 Billion in 2020. Biomass gasification stands for a technological pathway that uses a controlled process to transform biomass into hydrogen and carbon monoxide by using oxygen, heat, carbon dioxide, and steam. The energy released through the process can be utilized for preparing food, generating electricity, heating, transportation, etc. Compared to traditional gas-powered systems, biomass gasifiers offer an optimum decentralized energy source at affordable costs. Besides this, the integration of biomass gasification with steam and gas turbines provides an efficient, clean, and modern biomass system to produce electricity and heat.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Biomass Gasification Market Trends:
The growing rural electrification rate and escalating demand for decentralized electricity are primarily driving the global biomass gasification market. Besides this, the widespread acceptance of these systems for waste processing as a replacement for conventional techniques, including incineration and landfill, is further propelling the market growth. In addition to this, several manufacturers and government bodies have been consistently investing in developing advanced technologies, such as systems that aid in the conversion of different coal blends into clean synthesis gas. Additionally, the growing development and commercialization of small- to large-scale biomass gasification systems combined with power generation equipment will continue to bolster the global biomass gasification market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.2% during (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- Lahti Energia
- Vaskiluodon Voima
- Rudorsdorfer Zement
Breakup by Source:
- Solid Biomass
- Municipal Waste
- Liquid Biomass
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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