According to the latest IMARC Group report titled “European Biomass Gasification Market: Industry Trends, Share, Growth, Opportunities and Forecasts 2022-2027,” That Market size for biomass gasification in Europe reached 195 TWh in 2021. Looking ahead, IMARC Group expects the market to reach 264 TWh by 2027, a growth rate (CAGR) of 5.12% over the period 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketers, and anyone planning to enter the market in any way.
The process of converting biomass into gaseous products such as carbon monoxide (CO) and hydrogen is called biomass gasification. The energy gained in this way is used to generate electricity. Biomass gasification is inexpensive and environmentally friendly as well as an optimal and decentralized source of energy. Due to increasing environmental concerns around the world, biomass gasification is being widely adopted as the preferred alternative to coal-based power generation.
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Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
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