Biomass Gasification Market By Gasifier type (Moving or Fixed Bed, Fluidized Bed, Entrained, Others (Plasma, FCC-Fluid Catalytic Cracking)), By Application (Chemicals, Liquid Fuels, Power, Gas Fuels), By Source (Solid Biomass, Liquid Biomass, Biogas, Municipal Waste, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global biomass gasification market was valued at $88.0 billion in 2021 and is projected to reach $188.5 billion by 2031, growing at a CAGR of 8% from 2022 to 2031.
Biomass gasification is the process of generating heat and hydrogen gas through controlled combustion of organic mass obtained for plants and animals. The increase in rural electrification rate, particularly in developing countries, has escalated the demand for decentralized electricity generation, which is majorly driving the global biomass gasification market toward growth. Besides this, the widespread acceptance of these systems for waste processing as a replacement for conventional techniques, such as incineration and landfill, is further fueling the market growth. Moreover, the leading market players and governments of various nations have been consistently investing in the development of advanced technologies, which is contributing to market growth. Even though electrification is happening at a very fast pace, still rural areas do not have access to electricity. Many villages have started to establish biomass plants for harvesting energy and use it in obtaining biogas for cooking and heat energy for electrification. Establishing these plants also reaps their incentives from the government through various schemes and subsidies which in turn benefits both parties. It also helps in reducing carbon emissions from smoke that comes through cooking by burning coal or wood in rural setups
For instance, the United States Depart of Energy (USDOE) is developing innovative and flexible modular designs through the Gasification Systems Program. This aids in the conversion of different types of US domestic coal blends, waste plastics, and municipal solid waste (MSW) into clean synthesis gas. The European Union has a target of a 55% reduction in greenhouse gas emissions by 2030 and a net zero ambition by 2050. It is critical that the legislative frameworks and associated policies enable a Just Energy Transition where no one is left behind. The aforementioned reasons act as driving factors for the region's growth which is expected to maintain its dominance during the forecast period. Slow growth in the LAMEA region was owing to the lack of technology. Moreover, higher installation costs also add up to several restraining factors of the market. However, technological advancements and government incentives offer opportunities for market growth during the projection period.
Furthermore, the rising development and commercialization of small- to large-scale biomass gasification systems combined with power generation equipment is positively influencing the market across the globe. However, the high capital required for installation and maintenance hampers market growth for biomass gasification. While the technological advancements prove to be a major challenge for the industry growth, technologies that will reduce tar production and increase plant efficiency are the need of the hour and thus will open wide opportunities
The biomass gasification market size is segmented on the basis of gasifier type, application, source, and region. Based on gasifier type, the market is segmented into moving or fixed bed, fluidized bed, entrained, and others. Fluidized bed gasifiers are expected to grow majorly during the projection period. Depending on the application, the market is divided into chemicals, liquid fuels, power, and gas fuels. Power application will be the highest growing application for biomass gasification during the forecast period. On the basis of source, the market is further classified into solid biomass, liquid biomass, biogas, municipal waste, and others. Solid biomass dominated the market share and is expected to grow its contribution at a higher CAGR over the projection period.
Region-wise, the biomass gasification market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). Region-wise, Europe is projcetd to lead the market growth during 2022-2031 owing to its 2030 targets for the reduction of carbon emissions. The key players in the biomass gasification industry are Beltran Technologies, Inc., Vaskiluodon Voima Oy, EQTEC plc, Chanderpur Works Private Limited, Ankur Scientific Energy Technologies Pvt. Ltd., Infinite Energy Pvt. Ltd., Valmet Corporation, KASAG Swiss AG, Goteborg Energi AB, and Thyssenkrupp AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biomass gasification market analysis from 2021 to 2031 to identify the prevailing biomass gasification market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the biomass gasification market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global biomass gasification market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Gasifier type
Moving or Fixed Bed
Fluidized Bed
Entrained
Others (Plasma, FCC-Fluid Catalytic Cracking)
By Application
Chemicals
Liquid Fuels
Power
Gas Fuels
By Source
Solid Biomass
Liquid Biomass
Biogas
Municipal Waste
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Beltran Technologies, Inc.
Vaskiluoto Voima Oy
EQTEC plc
Ankur Scientific Energy Technologies Pvt. Ltd.
KASAG Swiss AG
Goteborg Energi AB
Infinite Energy Pvt. Ltd.
Chanderpur Works Private Limited
Valmet Corporation
Thyssenkrupp AG
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