All updated as on -
In 2022, the market size for biomass gasification was estimated at USD 95.6 billion. The market for biomass gasification is anticipated to increase from USD 103.7 billion in 2023 to USD 199.2 billion in 2030, with a compound annual growth rate (CAGR) of 9.50% throughout the course of the projection (2023 - 2030). The main factors driving market expansion are increased environmental concerns among consumers, rising use of environmentally friendly energy sources, and rising greenhouse gas emissions.
The municipal solid waste (MSW), which is made up of paper, wood chips, cardboard, leaves, and leather products as well as non-biomass materials including plastic, glassware, and metal, is one of the factors driving the market CAGR of biomass gasification. Other than this, the primary sources of biomass gasification include municipal waste, wood processing, and wood wastes. By being burned to create energy through gasification, the wood waste from pellets, firewood, sawdust, timber, furniture wastes, and other sources contributes to the development of the biomass gasification industry. Other than them, biomass gasification is used to create biofuels from corn, soybeans, sugar cane, switchgrass, algae, woody plants, crop waste, and residues from food processing. Given that it comes from wood or other forestry waste, biomass is an environmentally acceptable form of energy. It may include dried wood strands, sawmill scraps, and logs.
Additionally, the usage of biomass gasification plants was restricted to lower-level residential or industrial settings. The demand for biomass gasification has increased, nevertheless, as a result of growing investment and increased knowledge of the different advantages and incentives. As a result, the process has become more commercialised, and the market has expanded.
Furthermore, fossil fuels are limited resources and will eventually run out. The use of coal in additional uses including coal-based nuclear power reactors has expanded coal mining. As a result, carbon emissions rise along the whole value chain of coal extraction, from mining to combustion. Similar to other finite energy sources, oil and gas are being rapidly sought and produced to fulfil global energy demands. But because the sources are running out so quickly, efforts are being made to find alternative sources of energy. Biomass is being investigated and developed as one of the preferred renewable energy sources. As a result, the market for biomass gasification is fueled by rapidly decreasing fossil fuels. Additional support for this industry comes from the plentiful biomass supply and several government programmes to encourage the use of renewable energy sources. The high expense of the gasification process could be a barrier to the industry's growth.
Furthermore, for many years, biomass gasification has been used to generate heat and energy for use in a variety of domestic and commercial applications. The effectiveness of the available gasification methods, however, is constrained, and their claim to be carbon-neutral is dubious. The necessity of the hour is for research and development to improve technologies for maximum output and sustainable energy production. Therefore, the development of biomass gasification technologies will create several prospects for the growth of the biomass gasification business, which will ultimately increase the market's revenue.
Report Coverage
Global Biomass Gasification research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biomass Gasification report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biomass Gasification competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biomass Gasification market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biomass Gasification market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biomass Gasification market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Synthesis Energy Systems Inc., Royal Dutch Shell Plc, Cb&l, General Electric, Kbrinc, Air Liquide
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biomass Gasification market based on the below-mentioned segments:
Global Biomass Gasification Market, By Type
Wood
Animal Waste
Others
Global Biomass Gasification market, By Distribution Channel
Chemicals
Liquid Fuels
Power & Gas Fuels
Global Biomass Gasification market, Regional Analysis
The municipal solid waste (MSW), which is made up of paper, wood chips, cardboard, leaves, and leather products as well as non-biomass materials including plastic, glassware, and metal, is one of the factors driving the market CAGR of biomass gasification. Other than this, the primary sources of biomass gasification include municipal waste, wood processing, and wood wastes. By being burned to create energy through gasification, the wood waste from pellets, firewood, sawdust, timber, furniture wastes, and other sources contributes to the development of the biomass gasification industry. Other than them, biomass gasification is used to create biofuels from corn, soybeans, sugar cane, switchgrass, algae, woody plants, crop waste, and residues from food processing. Given that it comes from wood or other forestry waste, biomass is an environmentally acceptable form of energy. It may include dried wood strands, sawmill scraps, and logs.
Additionally, the usage of biomass gasification plants was restricted to lower-level residential or industrial settings. The demand for biomass gasification has increased, nevertheless, as a result of growing investment and increased knowledge of the different advantages and incentives. As a result, the process has become more commercialised, and the market has expanded.
Furthermore, fossil fuels are limited resources and will eventually run out. The use of coal in additional uses including coal-based nuclear power reactors has expanded coal mining. As a result, carbon emissions rise along the whole value chain of coal extraction, from mining to combustion. Similar to other finite energy sources, oil and gas are being rapidly sought and produced to fulfil global energy demands. But because the sources are running out so quickly, efforts are being made to find alternative sources of energy. Biomass is being investigated and developed as one of the preferred renewable energy sources. As a result, the market for biomass gasification is fueled by rapidly decreasing fossil fuels. Additional support for this industry comes from the plentiful biomass supply and several government programmes to encourage the use of renewable energy sources. The high expense of the gasification process could be a barrier to the industry's growth.
Furthermore, for many years, biomass gasification has been used to generate heat and energy for use in a variety of domestic and commercial applications. The effectiveness of the available gasification methods, however, is constrained, and their claim to be carbon-neutral is dubious. The necessity of the hour is for research and development to improve technologies for maximum output and sustainable energy production. Therefore, the development of biomass gasification technologies will create several prospects for the growth of the biomass gasification business, which will ultimately increase the market's revenue.
Report Coverage
Global Biomass Gasification research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biomass Gasification report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biomass Gasification competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biomass Gasification market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Synthesis Energy Systems Inc., Royal Dutch Shell Plc, Cb&l, General Electric, Kbrinc, Air Liquide |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Biomass Gasification Market from 2021 to 2030.
- Market Forecast for Biomass Gasification Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Biomass Gasification competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biomass Gasification
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biomass Gasification market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biomass Gasification market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Synthesis Energy Systems Inc., Royal Dutch Shell Plc, Cb&l, General Electric, Kbrinc, Air Liquide
Primary Target Market
- Market Players of Biomass Gasification
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biomass Gasification market based on the below-mentioned segments:
Global Biomass Gasification Market, By Type
Wood
Animal Waste
Others
Global Biomass Gasification market, By Distribution Channel
Chemicals
Liquid Fuels
Power & Gas Fuels
Global Biomass Gasification market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive biomass gasification market market research and competitor analysis for your business to help you develop more profound insights into the biomass gasification market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the biomass gasification market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.