According to the latest report by IMARC Group, titled “North America Biomass Gasification Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the North America biomass gasification market reached a volume of 160.1 TWh in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026.
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Biomass gasification refers to a technological pathway that utilizes a controlled process to convert biomass into carbon monoxide and hydrogen by using oxygen, steam, heat, carbon dioxide, etc. The energy released through this process is utilized for generating electricity, preparing food, heating, etc. Biomass can be derived from solid biomass, biogas, municipal waste, or liquid biomass. Compared to traditional gas-powered systems, biomass gasifiers provide an optimum decentralized energy source at affordable costs. Apart from this, the integration of biomass gasification with gas turbines and steam offers a clean, efficient, and modern biomass system.
The escalating demand for decentralized electricity systems and the expanding rural electrification levels are among the key factors driving the North America biomass gasification market. In addition to this, the rising requirement for biomass gasification systems for waste processing as a replacement for conventional techniques, such as incineration and landfills, is further catalyzing the market growth. Moreover, the growing investments by several leading manufacturers towards developing advanced technologies, including systems that assist in converting various coal blends into clean synthesis gas, are also augmenting the regional market. Besides this, the emerging trend of commercialization of small- to large-scale biomass gasification systems combined with power generation equipment is anticipated to bolster the North America biomass gasification market over the forecasted period.
North America Biomass Gasification Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the north america biomass gasification market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the north america biomass gasification market on the basis of source and country.
Breakup by Product Source:
- Solid Biomass
- Municipal Waste
- Liquid Biomass
Breakup by Product Country:
- United States
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