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The global biomass gasification market size reached a value of almost USD 116.87 billion in the year 2023. The global biomass gasification market is further expected to grow at a CAGR of 8.7% between 2024 and 2032 to reach a value of almost USD 247.45 billion by 2032.
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The global biomass gasification market is led by Europe, which is followed by North America. Europe's leading position in the industry can be attributed to the high demand for biomass, which is majorly used for offering electricity to households and institutions. The industry is further aided by its viability as an alternative to coal-based power generation. The growing environmental concerns have led to an increasing number of companies seeking out eco-friendly energy sources. As a result, the biomass gasification market in Europe has shown a significant growth rate as compared to other energy sources. Further, the governments in the region are supporting the growth of the industry through several policies and regulations. The abundant availability of biomass is also propelling the market growth in Europe.
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Biomass gasification is referred to as the process of converting solid biomass into combustible gas through a series of thermo-chemical reactions. This process produces energy, which can be used for generating electricity, cooking food, heating, and transportation. Biomass gasification has become popular over the years, especially in emerging economies, as they aim to achieve energy efficiency.
The biomass gasification market is divided on the basis of source into:
Presently, solid biomass, including wood and other organic matter, represents the most significant source of biomass electricity production owing to its renewable and sustainable nature.
The report also covers the regional markets of biomass gasification like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global biomass gasification market is driven by the rising environmental concerns and escalating greenhouse gas emissions, leading to a growing shift towards environment-friendly energy sources. The process helps convert waste into electricity and other useful products. Owing to this, it aids in minimizing the methane emissions from the organic materials' decomposition in landfills, in confluence with decreasing the groundwater contamination and landfill spaces.
The industry is further aided by the abundant biomass availability, along with the several initiatives taken by the governments of various countries to encourage the use of renewable sources of energy. The industry growth may find obstruction in the form of high cost in the gasification process.
The report gives a detailed analysis of the following key players in the global biomass gasification market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global biomass gasification market reached a value of USD 116.87 billion in 2023.
The market is projected to grow at a CAGR of nearly 8.7% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 247.45 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, increasing environmental concerns, rising greenhouse gas emissions, and abundant biomass availability.
The key trends guiding the market include the introduction of favourable government initiatives aimed at encouraging the use of renewable energy and the shift towards environmentally-friendly sources.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major sources of biomass gasification considered in the market report are solid biomass, biogas, municipal waste, and liquid biomass, among others.
The leading players in the market are Thyssenkrupp AG, Siemens, Synthesis Energy Systems, Inc., and Mitsubishi Heavy Industries, Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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