Biomass gasification market to reach value of $143 billion by 2029, research finds

In Ireland, Research and Markets reported that the global biomass gasification market is forecast to have a projected CAGR of 8.58% from 2019 to 2029, with market valuation of $143 billion by 2029, up from $85.49 billion last year. 

The research noted that biomass gasification is gaining traction due to technological advancements and surging global energy demand. Renewed focus on sustainable practices is steering the market towards innovative solutions that promise cleaner energy while tackling waste management, Resarch and Markets said.

“Technological enhancements in biomass gasification processes are pivotal to increased market presence, with efficiency improvements and advanced syngas purification technologies sparking significant interest. The introduction of automation and digital monitoring systems further maximizes efficiency and operational safety. Innovative efforts continue to diversify feedstock options, making biomass gasification an adaptable energy alternative across the globe.”

“Regionally, Europe stands as the leading market due to stringent environmental directives, robust infrastructure, and a firm commitment to renewable energy adoption, backed by governmental and societal support,” the report stated.

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