The biomass gasification market was valued at USD 107.7 billion in 2022, and this number is projected to reach USD 187.3 billion by 2030, advancing at a CAGR of 7.16% during 2022–2030, according to P&S Intelligence.
This development can be credited to the growing environmental awareness among the people, increasing GHG releases, and rising acceptance of eco-friendly power sources.
The rising consumption of syngas in gas engines, to release methanol and hydrogen and change them into artificial fuels, is pushing the advancement of the domain. By this procedure, clean gas is obtained through the purifying of eroding ash elements, such as potassium and chlorides, which can be the reason for several issues in the feedstock.
Furthermore, the helpfulness of gasifying conventional fuels for creating electrical energy at the industrial and residential levels is growing its traction.
The fixed-bed gasifier category is projected to develop at a CAGR of above 8%, mainly because of solid retention time, simplicity, low ash carries of this variant, and high carbon conversion rate.
Furthermore, the increasing need for electricity is boosting the development of the industry in this category. Fixed-bed gasifiers own the flexibility to use the full range of biomass as the feedstock, guarantee mass and heat transfer via oxidation, and deal with minor particles.
The chemical category had the largest biomass gasification market share, on the basis of application, credited to the Its less operating expense, demand for waste and feedstock of less value, increasing acceptance of the gasification technology for the manufacturing of ethanol and other valuable commodities, and high-power effectiveness are fuelling the acceptance of the gasification procedure for the manufacturing of chemicals of high value. Also, the readiness of a vast amount of feedstock will drive market growth.
APAC is dominating the industry and is projected to continue with the dominance till 2030. This can be credited to the availability of vast forests in countries like China and India because of vast forests the availability of biomass is easy to produce chemicals, heat, and electricity through the gasification procedure.
Therefore, the easy obtainability of wastes and biomass, including sawdust, paper, and wood pulp is growing the use of gasifiers in many industries for lessening pollution and securely disposing of waste.
Furthermore, the mushrooming consumption of power because of the growing rates of urbanization and industrialization in the regional emerging nations is boosting the industry revenue growth.
Hence, the growing environmental awareness among the people, increasing greenhouse gas releases, and rising acceptance of eco-friendly power sources, are the major factors driving the biomass gasification market and are projected to grow extensively in the future as well.
