Biomass power generation is the process of producing electricity from organic matter such as plants, agricultural waste, forestry residues, and urban waste. Biomass is a renewable energy source, as it comes from living or recently living organisms, and is considered carbon-neutral, meaning it doesn’t contribute to global warming.
The global biomass power generation market was valued at USD 54.3 Bn in 2021. The market is projected to grow USD 107.2 Bn in 2030, at a CAGR of 5.8%. Biomass is a sustainable energy source that includes everything from energy crops to agricultural and forestry residues, as well as biogenic waste. To ensure that using biomass for energy results in significant CO2 reductions, cultivation and production must be done in a controlled, long-term manner.
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Biomass power generation has several advantages, including reducing greenhouse gas emissions, providing a reliable source of energy, and supporting local economies by creating jobs and utilizing locally available resources. However, it also has some disadvantages, including potential air pollution from burning biomass and the need for careful management of biomass resources to avoid deforestation and other negative environmental impacts.
Key Players in the Global Market to Focus on Expanding their Customer Base-
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
Major Players Driving the Growth of the Biomass power generation Market:
- Babcock & Wilcox Enterprises, Inc.
- ON SE
- General Electric
- John Wood Group PLC
- Valmet
- ACCIONA
- Ameresco
- ANDRITZ
- Vattenfall AB
- Ørsted A/S
- Helius Energy Plc
- MGT Teesside Ltd
SEGMENTATION
The report focuses on studying the Biomass power generation market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.
By Feedstock
- Solid biomass
- Biogas
- Liquid biomass
- Agricultural and forest residue
- Municipal solid waste
By Technology
- Combustion
- Pyrolysis
- Gasification
- Anaerobic Digestion
- Landfill gas
By End-use Industry
- Residential
- Industrial
- Commercial
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By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
Why Purchase the Report?
- The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
- The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
- Understand the current market scenario and viability of the global market over the forecast period.
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Some of the key questions answered in this report:
- What can we estimate about the anticipated growth rates and also the global Biomass power generation Market industry size by 2030?
- What will happen in the coming existing and emerging markets?
- What will the market development pace of market?
- Which are the five top players in the Biomass power generation market?
- How will the Biomass power generation Market change in the upcoming years?
TABLE OF CONTENTS-
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Biomass Power Generation Market
Chapter 5. Global Biomass Power Generation Market Overview, By Feedstock, 2015 – 2028(USD Million)
——continued
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