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According to the latest report by IMARC Group, titled “Europe Biomass Gasification Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the Europe Biomass Gasification Market to grow at a CAGR of XX% during 2021-2026.
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.
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.
Europe Biomass Gasification 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.
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Europe Biomass Gasification Market 2021-2026 Analysis and Segmentation:
Breakup by Source:
Breakup by Country:
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Key highlights of the report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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