According to the latest report by IMARC Group, titled “Europe Biomass Gasification Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The Europe biomass gasification market size reached 205.5 TWh in 2022. Looking forward, IMARC Group expects the market to reach 277.0 TWh by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
The process of turning biomass into gaseous products, such as carbon monoxide (CO) and hydrogen, is known as biomass gasification. The energy obtained from this process is further utilized to generate power. Biomass gasification is cost-effective and eco-friendly in nature, in addition to being an optimum and decentralized source of energy. Owing to the increasing environmental concerns across the globe, biomass gasification is widely used as a preferred alternative for coal-based power generation.
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Europe Biomass Gasification Market Trends and Drivers:
The governing authorities of numerous European countries are being encouraged to promote the use of renewable energy sources by the growing emphasis on sustainable development and the rapid depletion of fossil fuel reserves. Moreover, various key players in the region are focusing on producing sustainable bio-energy resources, which is acting as another growth-inducing factor. Besides this, the growing product utilization for waste processing as a replacement for conventional techniques, including incineration and landfills, is further stimulating the regional market. Additionally, the rising commercialization of small- to large-scale gasification systems with power generation equipment, along with the abundant availability of biomass, is anticipated to fuel the Europe biomass gasification market in the coming years.
Europe Biomass Gasification Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis on region, source.
Breakup by Source:
- Solid Biomass
- Municipal Waste
- Liquid Biomass
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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