The market for gasification and pyrolysis as power-producing technologies is in its birth stage in North America. The first commercial-scale biomass gasification project is expected to begin operating in the next two years. Increasing the electricity demand combined with rising environmental concerns have led governments to implement incentives and to subsidize to support biomass-generated power to encourage its development and its growth.
Rising energy prices and the U.S. dependence on foreign oil, is increasing the likelihood of adopting renewable energy as a likely alternative to conventional fuel. Syngas and pyrolysis oil production and distribution will likely reduce North American fossil-fuel dependence.
Pyrolysis plants produce transportable oil that can be consumed in other locations, independently from where it was produced, similarly to fossil fuels. This characteristic differentiates this type of conversion technology from other green energy sources. Biomass energy provides an attractive solution to global warming due to its low greenhouse gas (GHG) emissions, as well as its ability to recycle municipal or industrial waste products as feedstock.
Report scope
The biomass gasification and pyrolysis market in North America is expected to experience high growth during the next few years as a consequence of increasing government concerns about energy security and independence. In addition, other factors, such as rising energy prices; volatility of fuel costs; and government incentives for renewable energy, are projected to contributed to the acceleration of market growth.
This segment provides a broad level assessment of the total North American biomass gasification and pyrolysis market. Data is provided on market overview, scope and definitions, market segmentation, major industry challenges, drivers and restraints, projects installed and main market competitors.
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