As a result of the growing environmental issues and rising greenhouse gas emissions, there was a shift toward environment-friendly energy sources. This is projected to offer a positive impact to the growth of the global biomass gasification market. Consequently, the biomass market has grown substantially faster than other energy sources. Furthermore, governments assist through numerous policies and guidelines together with abundant availability of biomass, which are some of the other factors that drive the market. This allows in lowering methane emissions from the decomposition of organic substances inside the landfills along with reducing the landfill spaces and groundwater contamination. However, high cost related to gasification and growing utilization of biofuels for energy generation are expected to hinder the global biomass gasification market growth.
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The global biomass gasification market is segmented across regions, including North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe forms the majority section for biogas production in the world with Germany and Sweden occupying a major proportion in the region. The global gasification market has witnessed strong growth in the Asia-Pacific region due to ample resource availability in this region and accelerated demand for energy.
Top Key players in the marker report are Lahti Energia, Vaskiluodon Voima, Rudorsdorfer Zement, Essent, Electrabel (part of GDF Suez), Sodra Cell Varo Pulp Mill, Agnion Technologies, Corenso United, Skive Fjernvarme, Babcock.
COVID–19 scenario analysis
The outbreak of coronavirus has an adverse effect on various energy-producing industries across the globe. The prices of oil have reduced, which result in declining demand for energy industries. The lockdown has reduced the consumption of fuel used in automobiles and aircraft due to restrictions on different types of transportation. This further reduces the demand for energy across the globe. Moreover, lack of manpower has forced companies to shut down their operating facilities, which reduce the revenue generated. These factors are expected to reduce the overall demand for biomass gasification market during the forecast period.
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Key benefits of the report:
- This study presents the analytical depiction of the global biomass gasification market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global biomass gasification market share.
- The current market is quantitatively analyzed from 2022 to 2029 to highlight the global biomass gasification market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
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