Global Biomass Power Generation Market expected to reach US$50.52 bn by the end of 2022
Global market for biomass power generation is expected to reach US$50.52 bn by the end of 2022, expanding steadily at a CAGR of 6.4% between 2015 and 2022.
[USPRwire, Wed Apr 10 2019] With technological advances and ongoing research and development (R&D) to commercialize the use of biomass for power generation, the Biomass Power Generation Market is anticipated to register higher growth in the next few years. Increasing utilization of biomass, including manure and plant materials, to generate electricity and produce biomass fuels for transportation can provide a low-carbon and sustainable alternative to fossil fuels. Both developing and developed economies are increasingly focusing on biomass for power generation in order to reduce greenhouse gas emissions. This is primarily since biomass is carbon-neutral. Biomass power generation produces as much carbon as the plants absorb from the atmosphere.
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Power generation through biomass also provides significant benefits to local communities. Biomass is also expected to help a country phase out the use of coal for generating electricity. Biomass power makes productive utilization of wood manufacturing wastes, crop residues and the clean portion of urban wastes. Sustainable biomass resources and scales of operation can be identified by assessing the total biomass production in a particular region, while balancing energy and environmental tradeoffs.
The research study is designed to analyze the global biomass power generation market. The market is calculated in terms of installed capacity (MW), power generation (Million KWh), and revenue (USD Million). The market for biomass power generation, based on feedstock, has been segmented into woody biomass, agriculture & forest residues, biogas & energy crops, urban residues, and landfill gas feedstock. On the basis of technology, the biomass power generation market has been segmented into anaerobic digestion, combustion, gasification, co-firing & CHP, and landfill gas (LFG). The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
These regional segments are further divided into country-wise segments for the respective region. North America is further sub-segmented into the U.S. and Rest of North America; Europe is sub-segmented into Sweden, Finland, the U.K., Germany, Italy, and Rest of Europe; Asia Pacific is sub-segmented into China, India, Japan, and Rest of Asia Pacific; Middle East and Africa (MEA) is further sub-segmented into South Africa and Rest of MEA; and Latin America is sub-segmented into Brazil and Rest of Latin America.
The report provides a detailed growth forecast for the period 2014–2022 based on the historical years – 2012 and 2013. Projections have been provided for installed capacity (MW), power generation (Million KWh), and revenue (USD Million). The report includes the key market dynamics affecting the demand for biomass power generation feedstock and technologies. As a part of our market dynamics analysis, we have analyzed market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report.
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The report also provides a detailed industry analysis of the global biomass power generation market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global power generation technology market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.
The study also includes the value chain of the global biomass power generation market which provides a glimpse of procurement and logistics, biomass conversion techniques as well as interaction of suppliers and buyers with end-users. The company market share analysis has been done considering the biomass installed capacity, number of biomass power plants (installed and upcoming), revenues, and global penetration of key market players in the biomass industry. The market attractiveness analysis involves benchmarking and ranking each technology and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each technology in the current scenario as well as in the near future.
Key participants in the global biomass power generation market include Alstom SA, Ameresco, Inc., DONG Energy A/S, Drax Group plc, Forth Energy Ltd., Helius Energy Plc, Enviva LP, MGT Power Ltd., The Babcock & Wilcox Company, and Vattenfall AB. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.
- Global Biomass Power Generation Market: Feedstock Segment Analysis
- Woody Biomass
- Agriculture & Forest Residues
- Biogas & Energy Crops
- Urban Residues
- Landfill Gas Feedstock
- Global Biomass Power Generation Market: Technology Segment Analysis
- Anaerobic Digestion
- Co-firing & CHP
- Landfill Gas (LFG)
- Global Biomass Power Generation Market: Regional Segment Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
- North America
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