Biomass Gasification Market 2021 | Expected to Reach Moderate Growth During Next Few Years

by Chris jackson Market Research

According to IMARC Group's new report, the global biomass gasification market size reached a value of US$ 98.2 Billion in 2020 and is expected to exhibit moderate growth during the forecast period (2021-2026). 

Biomass gasification refers to the thermochemical conversion of biomass into producer gas or syngas, a combustible gas mixture. Biomass, or solid fuel, includes wood, wood waste, wood pellets and agricultural residues. The process comprises heat, pressure and a limited amount of oxygen for partial combustion. Biomass gasification is an eco-friendly process as it requires renewable raw materials and reduces dependency on fossil fuels, such as coal, diesel and furnace oil. The syngas produced by biomass gasification can be utilized in power generation, cooking and industrial furnaces.

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Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Global Biomass Gasification Market Trends:

Rising environmental concerns have catalyzed the demand for renewable energy, which in turn is increasing the need for biomass gasification in diverse sectors. Moreover, the process also helps in reducing the risk of groundwater contamination, managing landfills, and decreasing methane gas emissions. Owing to this, it finds applications in the waste management sector across the world. Furthermore, the increasing population levels, coupled with the rising demand for transportation fuel, is expected to be met by biodiesel and biogas, which are produced via biomass gasification.

Note: 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.

Global Biomass Gasification Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players operating in the market which include Lahti Energia, Vaskiluodon Voima, Rudorsdorfer Zement, Essent (NYSE:ESNT), Electrabel (part of GDF Suez), Sodra Cell Varo Pulp Mill, Agnion Technologies, Corenso United, Skive Fjernvarme, Babcock and Wilcox Volund (NYSE: BW).

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Market Segmentation:

The report has segmented on the basis of region and source.

Performance of Key Regions

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Market by Source

·         Solid Biomass

·         Biogas

·         Municipal Waste

·         Liquid Biomass

Key highlights of the report:

·         Market Performance

·         Market Outlook

·         Porter’s Five Forces Analysis

·         Market Drivers and Success Factors

·         SWOT Analysis

·         Value Chain

·         Competitive Structure

·         Profiles of Key Players

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert: https://www.imarcgroup.com/request?type=report&id=508&flag=C

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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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Created on May 13th 2021 01:48. Viewed 124 times.

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