Biomass Gasification Market Analysis With Key Players, Applications, Trends And Forecast To 2032

As per The Business Research Company's Biomass Gasification Opportunities And Strategies Market Report 2023, The global biomass gasification market reached a value of nearly $88,509.9 million in 2021, having grown at a compound annual growth rate (CAGR) of 5.1% since 2016. The market is expected to grow from $88,509.9 million in 2021 to $136,080.7 million in 2026 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.3% from 2026 and reach $202,599.1 million in 2031.

The rapid depletion of fossil fuels is expected to support the growth of the biomass gasification market in the forecast period. Fossil fuels like coal, oil, and gas are made from decomposing plants and animals. These fuels are considered as nonrenewable and contain carbon and hydrogen, which can be burned for energy. To counter the consumption of fossil fuels, governments started focusing on the use of renewable energy sources such as biomass that can lead to the growth of biomass gasification to generate power and biofuels. For example, according to the Millennium Alliance for Humanity and the Biosphere, a US-based Alliance of individuals and organizations concerned about the existential threats to civilization, oil will end by 2052, gas will end by 2060, and coal will last till 2090. Thus, the rapid depletion of fossil fuels will promote the growth of the market.

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Artificial intelligence technology is gaining popularity in the biomass gasification market. Most of the models used to understand the conversion of biomass into fuels and chemicals take a long time to become operational. Artificial intelligence tools such as machine-earning can hasten the modelling processes. For instance, in February 2022, the Indian Institute of Technology Madras, an India-based public technical university's team used the machine-learning method called recurrent neural networks to study the reactions that occur during the conversion of biomass into energy dense syngas (gasification of biomass). The novel machine-learning approach was able to predict the composition of the bio-fuel produced as a function of the time the biomass spends in the reactor.

The top opportunities in the biomass gasification market segmented by gasifier type will arise in the fluidized bed market segment, which will gain $32,636.2 million of global annual sales by 2026. The top opportunities in the biomass gasification market segmented by source will arise in the solid biomass market segment, which will gain $26,661.7 million of global annual sales by 2026. The top opportunities in the biomass gasification market segmented by application will arise in the chemicals market segment, which will gain $22,029.3 million of global annual sales by 2026. The top opportunities in the biomass gasification market size will gain the most in China at $6,727.7 million

Biomass Gasification Market Segmentation:
The Biomass Gasification market is segmented by gasifier type, by source and by application
By Gasifier Type -
a) Moving/Fixed Bed
b) Fluidized Bed
c) Entrained And Other Gasifier Types

By Source -
a) Solid Biomass
b) Biogas
c) Municipal Waste
d) Liquid Biomass

By Application -
a) Chemicals
b) Liquid Fuels
c) Power
d) Gas Fuels

Major players in the Biomass Gasification market include Siemens Energy AG, Engie, Andritz, Air Products, Air Liquide
The regions covered in the global Biomass Gasification market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Biomass Gasification Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Biomass Gasification Market Report Table Of Content
1 1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.......
17. Company Profiles
18. Key Mergers and Acquisitions
19. Global Biomass Gasification Market Opportunities And Strategies
20.Biomass Gasification Market, Conclusions And Recommendations
21.Appendix

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