Global Wood Gas Generator Market: Overview
With consistently rising population across the world and rapid urbanization, the demand for energy is at an all-time peak, but the natural resources are limited. As a result, the development of alternate sources of energy is receiving aggressive investments, including the wood gas generator, which is a type of generator that can convert the waste such as timber or charcoal into useful energy.
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The wood gas generator not only provides cleaner energy with lesser carbon emission, and hence is gaining favors from the governments. Consequently, the global wood gas generator market is projected to expand at a robust growth rate during the forecast period of 2016 to 2024.
This report on the global wood generator market is a comprehensive examination of all the major factors that are expected to influence the demand in the near future, positively or negatively. The report also high points a few trends that can provide extended opportunities for the existing and newer players of the market. The report also contains a detailed section on company profiles, wherein a number of prominent companies of this market have been studied for their market share, regional presence, and recent strategic developments. The global wood gas generator market can be segmented in terms of application, fuel source, and geography. By fuel source, the market can be segmented into timber and charcoal. Geographically, the report studies the opportunities available in the regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
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Global Wood Gas Generator Market: Trends and Opportunities
Besides escalating energy needs, growing demand for wood gas, also known as syngas, for internal combustion (IC) engines is the primary driver for this market. Wood gas consists of atmospheric gases such as hydrogen, nitrogen, methane traces, and carbon monoxide, which powers the IC engines. Environmental concerns are another important factor favoring the global wood gas generator market. The latter is preferred over petroleum and coal based fuels because of fluctuating crude oil prices and lack of eco-friendliness.
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