Biomass Gasification Market Expected To Reach 8.50% CAGR By Size, Share, Growth, Trends, Forecast To 2023 | MRFR
MRFR published a research report on “Biomass Gasification Market Research Report – Global Forecast Till 2023” – Market Growth, Size, Analysis, Scope, Stake, Share, Progress, Trends and Forecast to 2023.
Pune, India – March 18, 2019 /MarketersMedia/ —
The global Biomass Gasification market is projected to grow at a high rate during the forecast period, Due to rising environmental concerns and increasing green-house gas emissions, companies are now turning towards environment-friendly energy sources. There are various active programs across the globe with involvement of independent power producers (IPPs), Energy Service Companies (ESCOs), industries, Co-operatives, SHGs, NGOs, and promoters & developers.
Biomass gasification also provides a means of deriving more diverse forms of energy from the thermochemical conversion of biomass than conventional combustion. The gasification process includes devolatilization, combustion, and reduction. During devolatilization, methane and other hydrocarbons are produced from the biomass by the action of heat which leaves a reactive char. During combustion, the volatiles and char are partially burned in air/oxygen to generate heat and carbon dioxide. Whereas, in reduction phase, carbon dioxide absorbs heat and reacts with the remaining char to produce carbon monoxide.
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Biomass Gasification Market Segments Analysis
Global Biomass gasification market has been segmented based on fuel type, application, and region.
By fuel type, the global biomass gasification market is further segmented into wood and animal waste.
Based on application, the market is classified into chemicals, liquid fuels, and power & gas fuels. There are various CHP plants based on the integration of an ORC-process into a CFB steam gasification process. Biomass has become important energy resource for generating the electricity.
By region, the industry is segmented into North America, Europe, Asia-Pacific and Rest of the World.
Regional Outlook
Region wise, Europe held the largest market share of the global biomass gasification market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period. For instance, In India, about 150 MW Biomass gasifier systems have been set up for grid and off-grid projects. Also, more than 300 rice mills and other industries are utilizing gasifier systems for meeting their captive power and thermal applications. Additionally, almost 70 biomass gasifier systems are providing electricity to more than 230 villages in India. All these factors are likely to drive the Biomass gasification market.
Asia-Pacific region is expected to demonstrate significant growth mostly driven by industrialized countries in the region including Japan, South Korea, India, and China.
Industry Players
The key players of global Biomass Gasification market are Air Liquide, Thyssenkrupp AG, Synthesis Energy Systems Inc., Siemens, Sedin Engineering Company Limited, Royal Dutch Shell Plc, Mitsubishi Heavy Industries Ltd, Kbr Inc, General Electric, and Cb&I
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Biomass Gasification Market Major Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…..
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