The increase in environment awareness is a significant factor driving the growth of the Global Biomass Gasification market in the forecast period of 2024-2028.
According to the TechSci Research report, “Biomass Gasification Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028,“ The Global Biomass Gasification Market is anticipated to expand in the coming years. The rapid increase in population, poses significant challenges such as steadily increasing demand for food, energy, and water, contributing to climate change, which is also becoming an alarming situation for the world. Therefore, the government and the world need to take actions to reduce greenhouse gas emissions (GHG).
Society and economy tend to rely heavily on energy from fossil fuels. According to EIA, 84% of the world’s energy comes from fossil fuels, and the demand is surely expected to rise as global energy consumption rises by 53% by 2035. Moreover, unconventional fossil resources such as tar sand oil, shale gas, arctic and deepwater oil may become economically feasible to extract as prices rise, but they are ultimately a constrained resource with health and environmental risks. Therefore, bioenergy, which is derived from plants, uses sunlight and CO2 to absorb carbon into biomass, emerging as a potentially sustainable energy source with low climate impact.
Moreover, the transformation of biomasses of agricultural, industrial, or natural origin enables the production of substances that can be used as biofuels and intermediate chemical products, which in turn can be transformed into further products. In the long run, only the use of new technologies will be able to close the gap between economic growth and environmental sustainability.
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However, one of barriers is the production of high-quality biomass that can be economically transformed into useful energy products.
Food waste and agricultural waste are just two examples of the wide range of waste products that can be used as feedstock in the biomass gasification process. It actually accomplishes resource recovery and reduces CO2 emissions as a benefit to the environment. However, power generation from biomass gasification poses a number of significant risks and socio-environmental consequences.
Furthermore, sustainable technological developments and innovations may not always result in the complete reduction of the environmental burden of industrial production. To start sustainable production on a long-term basis, technological innovation is a crucial factor.
The Global Biomass Gasification Market is segmented into Source, Gasifier Technology, Application, By Region, and By Competition.
Fruits and vegetables led the market in terms of waste type, accounting for 41.2% of global revenue share in 2021, owing to improper produce handling, storage, and processing. Ease in fresh produce waste management in the food management industry for the fruits and vegetables segment is expected to boost market growth. More than 45% of fruits and vegetables produced globally are lost or wasted, according to reports by the Food and Agriculture Organization (FAO). Due to inefficient storage and transportation methods, more than 30% of cereals are wasted. Governments in numerous nations are making serious efforts to preserve food products, which is predicted to fuel market expansion of biomass gasification market.
According to regional analysis, Biomass Gasification market is segmented into North America, Europe, South America, Asia-Pacific, and Middle east and Africa. Asia-Pacific is expected to grow during the forecast period. As, according to the United Nations, the current global population of 7.2 billion is expected to increase to 8.1 billion by 2025. About half of the projected population would reside in the Asia-Pacific region, demanding more consideration to ensure the practice of sustainable development in this region. This population growth requires additional requirements for energy, transportation, and many other needs. This growth has been driven to emerging economies such as China, India, and Singapore focusing on the implementation of advanced clean technologies to improve business processes and promote sustainable development. The market for Biomass Gasification is anticipated to grow and companies operating in Asia Pacific benefit from adaptable economic conditions, government policies, industrialization and globalisation, and growing digitalization.
Major market players operating in the Global Biomass Gasification Market are:
- Air Liquide
- Synthesis Energy Systems Inc
- Siemens
- Sedin Engineering Company Limited
- Royal Dutch Shell Plc
- Mitsubishi Heavy Industries Ltd.
- General Electric
- CB&I
- Flex Technologies limited
- Bellwether Gasification Technologies Limited
Some of the recent developments by key players are:
- DP CleanTech Groups formed an agreement in Thailand office for a new 9.5MWe biomass power plant in Bangkok.
“Global Biomass Gasification Market is expected to thrive because, since the industrial revolution, the rapid development of human activities has depleted natural resources in a relatively short period of time. Mass consumption and large production have profound impacts on the earth’s ecology, diminishing nonrenewable resources and resulting environmental issues by polluting the air, water, and soil.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Biomass Gasification Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028” Segmented By Source (Agriculture Waste, Forest Waste, Animal Waste, and Municipal Waste), By Gasifier Technology (Fixed Bed Gasifier, Fluidized Bed Gasifier, Entrained Flow Gasifier and Others), By Application (Power Generation, Chemicals, Transportation Fuels, Hydrogen Generation, Ethanol, Biochar), By Region, By Competition, has evaluated the future growth potential of Global Biomass Gasification market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Biomass Gasification Market.
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