APAC Contributes Highest Revenue to Gasifier Suppliers – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Biomass Gasification Market Outlook by Source, Gasifier Technology, Application – Industry Revenue Estimation and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The total size of the global biomass gasification market was USD 107.7 billion in 2022, and it will grow at a rate of 7.16%, reaching USD 187.3 billion by 2030.
Companies Mentioned
- Valmet Oyj
- EQTEC PLC
- Mitsubishi Heavy Industries Ltd.
- ThyssenKrupp AG
- Enerkem Inc.
- Synthesis Energy Systems Inc.
- Shanghai Haiqi Environmental Protection Technology Co. Ltd.
- Syntech Bioenergy LLC
- Fulcrum Bioenergy Inc.
- Recor
- Bellwether Recuperative Gasification Ltd.
- Chanderpur Group
- Infinite Energy Pvt. Ltd.
- Enersol Biopower Private Limited
- Yosemite Clean Energy
- Syncraft
- DP CleanTech
Forest Waste Is Biggest Feedstock for Biomass Gasification
Forest waste leads the source segment with a share of above 30%, and it will continue on this path in the years to come. This is credited to the increasing count of CHP projects using forest waste. This is because it has an enormous amount of organic matter, macromolecules, and cellulose, supporting in the generation of heat.
Fixed-Bed Gasifier Usage Will Have Fastest Growth in Usage
The usage of fixed-bed gasifiers will grow at a rate of above 8%, because of the simplicity, solid retention time, low ash carry, and high rate of carbon conversion of this variant.
Furthermore, the increasing requirement for power is propelling the advance of the industry. Fixed-bed gasifiers are flexible enough to use various kinds of biomass, cope with small particles, and guarantee heat and mass transfer via oxidation.
Process Is Used Most Extensively for Chemical Applications
Chemical production has the largest share, credited to the increasing acceptance of gasification for the manufacturing of a range of valuable commodities, such as ethanol.
The cost-effectiveness of its operation, requirement for low-value feedstock, such as agricultural and domestic biological waste, and high output are increasing the acceptance of the gasification procedure for the production of high-value chemicals.
APAC Contributes Highest Revenue to Gasifier Suppliers
- APAC leads the industry, and it will continue like this till the end of this decade. This is credited to the large forest area in China and India, resulting in an easy accessibility of biomass for the production of chemicals, heat, and electricity through the gasification procedure.
- Therefore, the easy access to waste and biomass, including sawdust, wood pulp, and paper, is snowballing the use of gasifiers in many industries for pollution minimization and safe waste disposal.
- Furthermore, the growing electricity consumption because of the rampant urbanization and industrialization in emerging economies is driving the industry.
Increasing Requirement for Renewable Resources Is Powering Market
The requirement for sources of renewable energy is rising due to the reduction of the reserves of fossil fuels and the growing consciousness of the destructive ecological impact of petroleum and its byproducts. Furthermore, the increasing necessity for cost-effective, clean, and ecological production of heat will drive the industry.
Key Topics Covered:
Chapter 1. Research Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
6.1. Market Dynamics
6.1.1. Trends
6.1.2. Drivers
6.1.3. Restraints/challenges
6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter’s Five Forces Analysis
6.3.1. Bargaining power of buyers
6.3.2. Bargaining power of suppliers
6.3.3. Threat of new entrants
6.3.4. Intensity of rivalry
6.3.5. Threat of substitutes
Chapter 7. Global Market
7.1. Overview
7.2. Market Revenue, by Source (2017-2030)
7.3. Market Revenue, by Gasifier Technology (2017-2030)
7.4. Market Revenue, by Application (2017-2030)
7.5. Market Revenue, by Region (2017-2030)
Chapter 8. North America Market
Chapter 9. Europe Market
Chapter 10. APAC Market
Chapter 11. LATAM Market
Chapter 12. MEA Market
Chapter 13. Competitive Landscape
13.1. List of Market Players and Their Offerings
13.2. Competitive Benchmarking of Key Players
13.3. Product Benchmarking of Key Players
13.4. Recent Strategic Developments
Chapter 14. Company Profiles
Chapter 15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/a0xgh0
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