India Biomass Gasification Market 2021: Industry Growth, Share, Demand, Price and Forecast 2026
According to the latest report by IMARC Group, titled “India Biomass Gasification Market Growth: Industry Trends, Share, Size, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of XX% during 2021-2026.
Biomass gasification represents the thermochemical conversion of biomass
into a combustible gas mixture that includes hydrogen and carbon monoxide (CO).
It comprises of a gasifier system that contains a reactor where the gases are
generated. The energy produced is further utilized to generate power for
electricity and transportation. Biomass gasification is usually adopted to meet
the thermal and electrical needs of various industries. It is widely used as a
substitute for conventional fuels, such as diesel, furnace oils, coal, etc.
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.
India
Biomass Gasification Market Trends:
The escalating demand for rural electrification is primarily driving the
India biomass gasification market. In line with this, the launch of several
initiatives by public and private bodies to provide electricity in rural areas
across the country is further bolstering the market growth. Moreover, the
rising need to reduce the utilization of conventional fossil fuels owing to
their adverse environmental consequences is acting as another significant
growth-inducing factor. Apart from this, the increasing investments by numerous
government bodies in the development of multifaceted biomass gasifier-based
power plants that produce electricity with locally available natural resources,
including cotton stalks, wood chips, agro-residues, etc., are also catalyzing
the market growth. In addition to this, the elevating levels of
industrialization, coupled with the extensive research and development
(R&D) activities to introduce hybrid solar-biomass gasification systems,
are expected to fuel the India biomass gasification market over the forecasted
period.
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India
Biomass Gasification Market 2021-2026 Analysis and
Segmentation:
Breakup by Source:
- Solid Biomass
- Biogas
- Municipal Waste
- Liquid Biomass
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021-2026)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
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of the report, we can provide it to you as a part of the customization.
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