What Is The Current and Historic Market Size Analysis Of Biomass Gasification Market?
The biomass gasification market has seen considerable growth due to a variety of factors.
• Recent years have seen significant growth in the biomass gasification market. It is projected to expand from $117.04 billion in 2024 to $128.03 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%.
The upsurge during the historic period can be traced back to the rising use of renewable energy sources, an uptick in government funding, and the plentiful supply of biomass.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Biomass Gasification Market?
The biomass gasification market is expected to maintain its strong growth trajectory in upcoming years.
• We can anticipate a robust expansion of the biomass gasification market in the forthcoming years, escalating to a market size of $176.79 billion by 2029, driven by a compound annual growth rate of 8.4%.
This expected growth during the forecast period can be correlated to the accelerated exhaustion of fossil fuels, an increasing number of new gasification plants under construction, governmental contributions to research and development, along with a surge in greenhouse gas emissions. Key trends shaping the forecast period encompass the integration of artificial intelligence tools like machine learning, the inception of new products, a concentrated effort towards the development of revolutionary gasification technology, the undertaking of mergers and acquisitions, as well as an emphasized focus on partnerships and collaborations.
What Are The Key Drivers Fueling Growth In The Biomass Gasification Market?
The swift reduction of fossil fuels is projected to enhance the growth of the biomass gasification market during the forecast period. Coal, oil, and gas, which are made from decaying plants and animals, fall under the category of fossil fuels. These fuels are known to be nonrenewable and contain carbon and hydrogen, which can be incinerated for energy. To offset the usage of these fuels, governments have started to draw attention to renewable energy sources such as biomass, which is expected to propel the growth of biomass gasification for power and biofuel generation. For instance, the Millennium Alliance for Humanity and the Biosphere - a U.S. alliance dedicated to issues related to existential threats to civilization, predicts that oil will be depleted by 2052, gas by 2060, and coal will only sustain till 2090. Therefore, the swift reduction of fossil fuels will act as a catalyst for the growth of the market.
What Are The Key Segments Within The Global Biomass Gasification Market?
The biomass gasification market covered in this report is segmented –
1) By Gasifier Type: Moving Or Fixed Bed, Fluidized Bed, Entrained And Other Gasifier Types
2) By Source: Solid Biomass, Biogas, Municipal Waste, Liquid Biomass
3) By Application: Chemicals, Liquid Fuels, Power, Gas Fuels
Subsegments:
1) By Moving Or Fixed Bed Gasifiers: Updraft Gasifiers, Downdraft Gasifiers, Cross-Draft Gasifiers
2) By Fluidized Bed Gasifiers: Bubbling Fluidized Bed Gasifiers, Circulating Fluidized Bed Gasifiers
3) By Entrained Flow Gasifiers: High-Temperature Entrained Flow Gasifiers, Low-Temperature Entrained Flow Gasifiers
4) By Other Gasifier Types: Plasma Gasifiers, Rotary Kiln Gasifiers, Pyrolysis Gasifiers
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How Are New Trends Impacting The Size Of The Biomass Gasification Market?
The biomass gasification market is seeing an increased adoption of artificial intelligence technology. Traditional models used to analyze the transformation of biomass into chemicals and fuels often take a significant amount of time to become functional. However, tools of artificial intelligence, such as machine learning, can accelerate these modeling procedures. As an example, in February 2022, the Indian Institute of Technology Madras, a public technical university based in India, utilized a machine-learning technique known as recurrent neural networks. This method was used to research the reactions that happen during the biomass conversion into energy-packed syngas (biomass gasification). This innovative machine-learning strategy was capable of determining the biofuel's composition based on how long the biomass was present in the reactor.
Who Are the Key Players in the Biomass Gasification Market?
Major companies operating in the biomass gasification market include:
• Siemens Energy AG
• Engie
• Andritz
• Air Products
• Air Liquide
• Mitsubishi Heavy Industries Ltd
• Thyssenkrupp AG
• Xcel Energy Inc
• Lahti Energia
• Babcock & Wilcox
• Shangqiu Haiqi Machinery Equipment
• Sedin Engineering Company Ltd
• Chanderpur Group
• Case Group
• GGE Power
• EnviTec Biogas AG
• First Biogas International AG
• Shenzhen Puxin Science & Technology Co. LTD
• Mingshuo Environment Technology Group Co. Ltd
• Clarke Energy
• Seko Industries Srl
• HC Energy
• Agraferm Technologies AG
• LMS Energy
• Sunpower
• Outotec Oyj
• Valmet
• Drax Power Limited
• Centria Reti Gas
• GASAG
• Enagás
• Italgas
• Eni Gas & Power
• Cadent Gas Ltd
• Orcan Energy
• TomTom
• TC Energy
• Vital Energi
• British Gas
• EDF Energy
• E. ON Next
• Octopus Energy
• OVO Energy
• ScottishPower
• Shell Energy
• Wartsila Corporation
• Acciona
• Ramboll
• EPH
• Segezha Group
• NaftoGaz Group
• Hitachi Zosen Inova (HZI)
• EcoTerra BioGas
• CEZ Group
• Romelectro
• ZiO-Podolsk
• Notus Energy
• Polish Energy Group
• Terrasigna
• H3-CHP Clean Energy Systems
• Emispec
• PyroGenesis Canada Inc
• Lambion Energy Solutions GmbH
• Triple Green Energy
• Klean Industries Inc
• Wright Tech Systems Inc
• V&F Analyse- und Messtechnik GmbH
• 3Degrees
• A A Energy Ltd
• A S NaturEnergie GmbH
• Fluid Components International LLC. (FCI)
• Western Research Institute (WRI)
• CleanTech Biofuels Inc.
• CPFL Energias Renovaveis SA
• Companhia Energetica de Minas Gerais SA
• Centrais Eletricas Brasileiras S.A.
What are the Regional Insights into the Biomass Gasification Market?
Western Europe was the largest region in the biomass gasification market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the biomass gasification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
