Report Code: A14534 | Pages: NA | Mar 2023 | 1220 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Global Wood Gas Generator Market
Request Now !A wood gas generator can be defined as a gasification device which is used to transform timber wood or charcoal into wood gas. The term wood gas refers to a syngas composed of atmospheric nitrogen, hydrogen, carbon monoxide (CO), along with some traces of methane. The wood gas, after undergoing cooling and filtration processes, can be typically used to power Internal Combustion (IC) engines or for other heating purposes. The origin of the wood gas generators date back to the nineteenth century and this technology was extensively used for running IC engines during the World War II, and for some other heating and lighting purposes. However, stationary plants are majorly used in the modern times.
Market Scope and Structure Analysis
The demand for fuel across the globe has increased significantly with the ever-growing population. According to International Energy Agency (IEA), the energy consumption growth rate has been nearly doubled since 2010 levels from 1.7% to 4% in 2018. Hence, wood gas has shown better prospects for the residential, commercial as well as transport sector, to feed this demand, coupled with a need to cut down the carbon emissions. The wood gas generators market segment has potential benefits from this scenario as the wood gas generator can emerge as a sustainable and cleaner source of power generation by translating waste charcoal or timber wood into beneficial energy.
COVID-19 Impact analysis
The wood gas generators market is also not left untouched with the negative impact of COVID-19 crisis as the shrinkage in the energy demand for both industrial as well as automobile sector hit the market adversely. The imposition of lockdowns as well as halts in production were the major contributors to the decline in power demand. The supply chain for the end use industries of the wood gas generators were hampered owing to the restriction on cross border trade, which reflected badly on the revenue of the wood gas generators.Â
Also, the wood scrap market which acts as a feedstock or raw material for the wood gas market, experienced a declined growth due to the lockdown. In addition, the wood gas market also faced competition from the oil & gas market as a source of fuel due to the decrease in prices of conventional fossil fuels (oil & gas) during the pandemic.
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Global Wood Gas Generator Market Report Highlights
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Key Market Players | All Power Labs, Ankur Scientific Energy Technologies, Associated Engineering Works, Burkhardt GmbH, Community Power Corporation, GASEK, Gasification Australia Pty Ltd, Holzenergie Wegscheid GmbH, Spanner Re² GmbH, SynCraft Engineering GmbH, Tactical Wood Gas Inc., Trillion Gasifiers, Volter, Vulcan Gasifier LLC, Zhengzhou Fubang Machinery Co. Ltd. |
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