Global wood
gas generator market is expected to grow dramatically over next seven years on
account of increasing demand as major fuel in internal combustion (IC) engines.
Wood gas generator is basically used to convert timber or charcoal into
combustible gas. Wood gas, also known as syngas, consists of atmospheric gases
such as nitrogen, hydrogen, carbon monoxide and methane traces, which is used
to power internal combustion engines. Increasing energy demand along with a
goal to reduce carbon footprint levels in the environment is anticipated to be
a key factor driving global wood gas generator market growth in the upcoming
years. Wood gas is largely preferred over petroleum and coal based fuels owing
to volatile crude oil prices and ecofriendly nature. Moreover, wood gas is
increasingly being used to efficiently run power plant gas turbines owing to
depleting conventional sources. Potential to substitute the conventional fossil
fuels is anticipated to have positively impact the market penetration in near future.
Growing
demand for converting waste charcoal and timber into efficient energy sources
coupled with minimal carbon emission is expected to augment wood gas generator
demand over the forecast period. The gas generator has a closed carbon cycle
(CCC) which helps in reducing harmful emissions as compared to conventional
generators. This advantageous characteristic helps in maintaining
sustainability in nature, which in turn is increasing overall demand
particularly in mature economies such as U.S. and European Union owing to
stringent emission norms. Wood gas generator is known for its feasible use in
stationary designs particularly for small and medium combined power & heat
scenarios. Furthermore, simple design and low fabrication cost along with uneven
oil and gas reserves distribution is further predicted to drive global wood gas
generator demand over the forecast period.
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On the basis
of fuel sources, the market has been broadly segmented into timber and
charcoal. Timber is a renewable resource and is abundantly available for
multiple use, hence it accounts for the largest fuel source segment.
Additionally, wood gas generator is extensively used in regions with large
forest covers owing to easy timber availability. Wood gas generator utilizing
charcoal as a fuel source produces cleaner syngas with low carbon emission as
compared to conventional fuel sources. This potential charcoal property is
projected to have a notable impact on the global wood gas generator market over
the forecast period. High transportation cost is expected to be major factor
restricting wood gas generator market growth over the forecast period. Slow
heating speed coupled with high raw material to yield ratio is another factor
that can impede the global demand. Additionally, carbon monoxide production during
gasification, leading to several health hazards in humans can hamper wood gas
generator market growth in the upcoming years.
North
America and Europe are expected to emerge as regional leaders in wood gas
generator market owing to increasing energy demand in these regions. Moreover,
environmental regulations favoring low cabin footprint levels in atmosphere
particularly in economies such as U.S and U.K is further anticipated to
complement wood gas generator market in these regions. Asia Pacific wood gas
generator market is expected to witness significant growth over the forecast
period on account of fluctuating petroleum prices. Increasing industrial
awareness towards reducing dependence on conventional fossil fuels for power
generation in countries such as Japan, Korea, India and China is anticipated to
foster market penetration in the region. Central & South America wood gas
generator market is predicted to grow at an above average growth rates as a
result of extensive forest cover in these regions.
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