Biomass Gasification Market

Global Biomass Gasification Market Size (2024-2029):

The Global Biomass Gasification Market was valued at USD 118.39 billion in 2023 and is forecast to reach USD 187.87 billion by 2029 from USD 127.86 billion in 2024, with a CAGR of 8.0% during the forecast period 2024-2029.

Market Scenario

A renewable energy source, biomass is primarily obtained from organic materials such as plant and animal waste. It is then converted into a fuel gas mixture through the biomass gasification process. The energy released by the process can be employed to cook food, generate electricity, heat, and transport. Biomass offers a viable alternative to generating electricity from coal. Due to growing environmental concerns and growing greenhouse gas emissions, companies are now turning to environmentally friendly energy sources. Therefore, the biomass market has grown much faster than other energy sources. Also, government support through various policies and regulations, along with the abundant availability of biomass, are some of the other factors driving this market at the moment.

Biomass gasification is a process that involves the thermochemical conversion of biomass into a fuel gas mixture via a partial combustion route with a limited air supply unless it is theoretically necessary for complete combustion. It also allows more diverse forms of energy to be obtained from the thermochemical conversion of biomass than from conventional combustion. The gasification process includes devolatilization, combustion, and reduction. During devolatilization, methane and other hydrocarbons are produced from biomass by the action of heat that leaves reactive carbon. During combustion, volatiles and charcoal are partially burned in air/oxygen to generate heat and carbon dioxide. While in the reduction phase, the carbon dioxide absorbs heat and reacts with the remaining carbon to produce carbon monoxide. The main types of gasifiers employed to perform the conversion process are fixed-bed gasifiers and fluidized-bed gasifiers.

Market Trends

The worldwide biomass gasification market is predicted to grow at a high rate during the foreseen period and due to growing environmental concerns and rising greenhouse gas emissions, companies are now turning to environmentally friendly energy sources. Governments around the world are trying to move towards the production of electricity from biomass as needs increase for reasons such as urbanization, industrialization, and escalating human population. Rural electrification creates a significant call for biomass gasifiers, as it paves the way for decentralized electricity production. In some regions, particularly the developing regions of Asia and the Pacific, government support for this is remarkable.

Market Drivers

The government’s support through various policies and regulations, abundant biomass availability, growing environmental concern, and increased greenhouse gas emissions have led to companies turning to environmentally friendly energy resources.

These are some of the factors that will drive the expansion of the worldwide biomass gasification market. Additionally, governments in several countries are promoting multi-faceted power plants based on biomass gasifiers to generate electricity using locally available biomass resources such as wood chips, cotton stalks, and bales. Due to growing environmental concerns and growing greenhouse gas emissions, companies are now turning to environmentally friendly energy sources.

Therefore, the biomass market has grown much faster than other energy sources. Also, government support through various policies and regulations along with the abundant availability of biomass are some of the other factors driving this market at the moment. The worldwide biomass gasification market is predicted to experience substantial expansion during the foreseen period. The gasification industry has seen substantial expansion worldwide with 272 gasification plants in operation worldwide with 686 gasifiers according to the Syngas Worldwide Technologies Council. Biomass and waste currently contain a smaller proportion, while there are still gasification plants that use oil as raw material. However, this market should expect significant expansion in the coming years.

Market Opportunities

The worldwide biomass gasification market is predicted to grow at a high rate during the foreseen period as many projects related to biomass gasification are underway around the world. The Asia-Pacific region is predicted to show significant expansion driven primarily by the industrialized countries in the region, notably Japan, South Korea, India, and China. The impact of this rapid expansion is accentuated by changes in energy consumption, with half of the world's population residing in this region, of which almost 2/3 live in rural areas, where biomass has been a source of energy, mainly for domestic use. All of these factors will drive the biomass gasification market.

Impact of COVID-19 on the Global Biomass Gasification Market

The call for electricity has been drastically reduced due to the recent COVID-19 pandemic. Governments around the world have been forced to cut back on business activity to minimize the threat of coronavirus. This persistent situation due to COVID-19 has changed lifestyles around the world and most people stay home and work from home if possible. As a result, there is a significant increase in the residential load scales, while the commercial and industrial load declines dramatically. This heartbreaking situation creates the latest challenges in the technical and financial work of the energy fragment and as a result, most utilities around the world have launched a disaster management plan to overcome these current challenges/threats. Therefore, this study aims to investigate the worldwide energy systems scenes in COVID-19, as well as the socioeconomic and technical issues facing utilities.

BIOMASS GASIFICATION MARKET REPORT COVERAGE:

Market Segmentation

Global Biomass Gasification Market Analysis By Fuel Type

• Wood
• Animal Waste
• Others

Global Biomass Gasification Market Analysis By Application

• Chemicals
• Liquid Fuels
• Power & Gas Fuels

There are different cogeneration plants based on the integration of an ORC process in a CFB steam gasification process. Biomass has become an important energy resource for the production of electricity.

Market Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

The worldwide market for biomass gasification is dominated by Europe, followed by North America. Europe's leading position in the industry can be attributed to the high call for biomass, which is mainly employed to provide electricity to homes and institutions. The industry is reinforced by its viability as an alternative to generating electricity from coal. Growing concern for the environment has led a growing number of companies to seek environmentally friendly energy sources. As a result, the biomass gasification market in Europe has shown a significant expansion rate compared to other energy sources. In addition, governments in the region are supporting the expansion of the industry through a series of policies and regulations. The abundant availability of biomass is also driving market expansion in Europe. The European region, known for a significant part of the total biogas production, will become a lucrative regional market during the evaluation period indicated in the next TMR report. The countries that will be at the forefront of this expansion are Sweden and Germany. These two countries have a strong focus on rural electrification, which contributes to the expansion of the regional market for biomass gasifiers.

Market Key Players:

The key players in the Global Biomass Gasification Market are

1. Air Liquide
2. ThyssenKrupp AG
3. Synthesis Energy Systems Inc
4. Siemens
5. Sedin Engineering Company Limited
6. Royal Dutch Shell Plc
7. Mitsubishi Heavy Industries Ltd
8. KBR Inc
9. General Electric
10. Cb&I

Market Recent Developments:

• LanzaTech, a commercial provider of carbon recycling technology worldwide, announced this week its plan to implement a new small-scale waste biomass gasifier in India.
• The German company Spanner Re GmbH, a leading manufacturer of biomass gasification plants, has announced the market launch of a new wood-based combined heat and power plant (CHP).
• IndianOil has signed a Memorandum of Understanding with the Indian Institute of Science in Bangalore (IISc) to develop and demonstrate hydrogen generation technology based on biomass gasification. The process will help produce bus fuel cell grade hydrogen as part of IndianOil's broader aspiration to usher in the country's hydrogen economy.