The biomass gasification market is expected to grow from an estimated in USD 29 million in 2022 to USD 45 million by 2027, at a CAGR of 8.9% during the forecast period. Abundant availability of biomass and demand for off-grid power for rural electrification is expected to drive the market.
A few major players that have a wide regional presence dominate the biomass gasification market. The leading players in the biomass gasification market include Valmet (Finland), EQTEC (Ireland), ThyssenKrupp AG (Germany), Mitsubishi Heavy Industries, Ltd. (Japan), Enerkem (Canada) and others.
The major strategies adopted by these players include product launches and new product development, contracts & agreements, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Contracts and agreements were the two most adopted strategy from 2018 to 2022.
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Valmet is a global leader in developing and supplying process technologies, automation, and services for the pulp, paper, and energy industries. The company operates through 4 business segments: Services, Automation, Pulp and Energy, and Paper. Its services include pulping and fiber, board and paper mills, tissue mills, energy production, biofuels and biomaterials, and automation. The Pulp and Energy segment offers pulp and energy production technology, as well as biomass conversion and emission control. The company has launched a new pilot facility, expanded through an acquisition, and delivered many projects as a key growth strategy in 2021. For instance, Valmet opened a new facility of biomass pre-treatment BioTrac in Sundsvall, Sweden, at the Fiber Technology Center. The pilot facility investment will help Valmet strengthen its research and development capabilities in the field of biomass pre-treatment as well as respond to new market demands for bioenergy, biofuels, and biochemicals. The company offers various technologies in the Pulp and Energy segment, such as technology for the production of bioethanol and biochemicals. Valmet operates in North America, South America, Europe, Middle East, Africa and Asia Pacific and has a presence in more than 40 countries.
EQTEC engages in the engineering, installation, and management of renewable energy through its Advanced gasification technology. The company is primarily involved in the development of innovative technologies for the clean energy solutions. The company operates majorly through two business segments, namely, Technology Sales and Power Generation. The Technology Sales segment offers the design, engineering, and sale of gasification technology. The company utilizes the gasification technology for the production of synthesis gas. The syngas generated can be converted into a range of energy and chemical products, such as synthetic natural gas, power, heat, biofuels, and green hydrogen. The company uses approximately 60 kinds of feedstock such as agricultural waste, industrial waste, animal waste and municipal solid waste. EQTEC operates globally and has major presence in Republic of Ireland, European Union, United States of America, and United Kingdom. The company has research and development facilities for the biomass gasification technology at Université de Lorraine (France) and Universidad de Extremadura (Spain). The company has its technical centre located in Barcelona especially focussed towards biomass gasification.
Biomass Gasification Market by Source (Agricultural, Forest, Animal, Municipal), Gasifier Technology (Fixed-bed, Fluidized-bed, Entrained Flow), Application (Power, Chemicals, Hydrogen, Transportation, Ethanol, Biochar) - Region - Forecast to 2027
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