According to the latest report by IMARC Group, titled “Europe Biomass Gasification Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the europe biomass gasification market growth. The Europe biomass gasification market size reached 195 TWh in 2021. Looking forward, IMARC Group expects the market to reach 264 TWh by 2027, exhibiting a growth rate (CAGR) of 5.12% during 2022-2027.

Biomass gasification stands for the process of converting biomass into gaseous products, such as carbon monoxide (CO) and hydrogen. 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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The elevating focus on sustainable development, along with the escalating depletion of fossil fuel reserves, is encouraging the government bodies of several European countries to promote the uptake of renewable energy sources. 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 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis on country, source.

Breakup by Source:

• Solid Biomass

• Biogas

• Municipal Waste

• Liquid Biomass

Breakup by Country:

• Germany

• France

• United Kingdom

• Italy

• Spain

• Others

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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