All updated as on -
After reaching a value of $14.8 billion in 2022, the worldwide biopower market is expected to increase to $26.8 billion by 2031, expanding at a compound annual growth rate (CAGR) of 7.4 percent between 2023 and 2030.
Biomass is the energy source produced from biological substances. It can be used to produce electricity and other forms of power, making it a valuable, long-lasting, and renewable energy source. Since biomass power is generated through natural processes, the electricity produced is carbon neutral and does not contribute to pollution or greenhouse gas emissions. Carbon dioxide from power plants accounts for about 25% of America's greenhouse gas emissions, per the US Environmental Protection Agency. Sustainable solutions, such as the utilisation of biomass, are being examined to address the environmental crisis.
Due to factors including increased demand for efficient and clean energy and the increasing depletion of non-renewable energy sources like coal and oil, the bio power market is expected to grow in size over the projected time period. The market's future success is projected to be aided by the establishment of severe environmental rules by various governments. Biopower refers to the generation of energy from biological matter by means of numerous processes, including but not limited to direct combustion, anaerobic digestion, landfill gas, and others. Energy is produced from many forms of biofuel (solid, liquid, and biogas) as well as waste products. Energy for household and industrial use can be generated by directly combusting solid biofuel, which is waste products from plants and animals. Energy generators run on liquid biofuels like biodiesel and other liquid based biomass to produce electricity.
The global population explosion has had a dramatic effect on the need for power. Rising energy needs in the future and diminishing supplies of traditional energy sources are driving the expansion of the biopower market. Governments throughout the world have invested in efficient waste management methods that have improved recycling rates and opened up new markets for biogas, all of which have contributed to the expansion of the biopower industry.
Demand for the resources necessary to maintain a high standard of living has skyrocketed alongside the pace of development, necessitating the construction of waste treatment facilities to deal with the resulting mountain of garbage. As a result of governments' increased spending on waste management projects, there is now more garbage that can be thrown away. A tonne of biodegradable garbage can generate almost 500 cubic metres of landfill gas, according to the Conserve Energy Future Organisation. It has opened up lucrative landfill gas expansion prospects around the world and served as a resource for biogas to meet the rising demand for energy.
The global bio power market is expanding due to a number of factors, including rising renewable energy capacity and innovative technological advancements in biomass processing. The need for eco-friendly and efficient products and services has also contributed significantly to the market's growth. These elements may prove crucial in determining the worldwide market's potential for expansion over the coming years. The bio power industry is often seen as a promising business, but it faces a number of challenges. Large-scale improvements in the effectiveness of biopower solutions are hindered, in part, by the necessity for enormous financial resources. Another limitation is the insufficient application of technology to improve biopower procedures and functions. These factors may present significant challenges for biopower industry participants and dampen the market's growth prospects during the next years.
Report Coverage
Global Bio Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio Power market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dalkia (France), EnviTec Biogas AG (Germany), Schmack Biogas GmbH (Germany), WELTEC BIOPOWER GMBH (Germany), Ørsted A/S (Denmark), ElectraTherm (Georgia), Babcock & Wilcox Enterprises, Inc. (US), Ameresco (US), MVV Energie AG (Germany), and Enerkem (Canada)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio Power market based on the below-mentioned segments:
Global Bio Power Market, By Technology
Direct Combustion
Cofiring
Gasification
Anaerobic Digestion
Pyrolysis
Landfill Gas
Global Bio Power Market, By End User
Residential
Commercial
Industrial
Others
Global Bio Power market, Regional Analysis
Biomass is the energy source produced from biological substances. It can be used to produce electricity and other forms of power, making it a valuable, long-lasting, and renewable energy source. Since biomass power is generated through natural processes, the electricity produced is carbon neutral and does not contribute to pollution or greenhouse gas emissions. Carbon dioxide from power plants accounts for about 25% of America's greenhouse gas emissions, per the US Environmental Protection Agency. Sustainable solutions, such as the utilisation of biomass, are being examined to address the environmental crisis.
Due to factors including increased demand for efficient and clean energy and the increasing depletion of non-renewable energy sources like coal and oil, the bio power market is expected to grow in size over the projected time period. The market's future success is projected to be aided by the establishment of severe environmental rules by various governments. Biopower refers to the generation of energy from biological matter by means of numerous processes, including but not limited to direct combustion, anaerobic digestion, landfill gas, and others. Energy is produced from many forms of biofuel (solid, liquid, and biogas) as well as waste products. Energy for household and industrial use can be generated by directly combusting solid biofuel, which is waste products from plants and animals. Energy generators run on liquid biofuels like biodiesel and other liquid based biomass to produce electricity.
The global population explosion has had a dramatic effect on the need for power. Rising energy needs in the future and diminishing supplies of traditional energy sources are driving the expansion of the biopower market. Governments throughout the world have invested in efficient waste management methods that have improved recycling rates and opened up new markets for biogas, all of which have contributed to the expansion of the biopower industry.
Demand for the resources necessary to maintain a high standard of living has skyrocketed alongside the pace of development, necessitating the construction of waste treatment facilities to deal with the resulting mountain of garbage. As a result of governments' increased spending on waste management projects, there is now more garbage that can be thrown away. A tonne of biodegradable garbage can generate almost 500 cubic metres of landfill gas, according to the Conserve Energy Future Organisation. It has opened up lucrative landfill gas expansion prospects around the world and served as a resource for biogas to meet the rising demand for energy.
The global bio power market is expanding due to a number of factors, including rising renewable energy capacity and innovative technological advancements in biomass processing. The need for eco-friendly and efficient products and services has also contributed significantly to the market's growth. These elements may prove crucial in determining the worldwide market's potential for expansion over the coming years. The bio power industry is often seen as a promising business, but it faces a number of challenges. Large-scale improvements in the effectiveness of biopower solutions are hindered, in part, by the necessity for enormous financial resources. Another limitation is the insufficient application of technology to improve biopower procedures and functions. These factors may present significant challenges for biopower industry participants and dampen the market's growth prospects during the next years.
Report Coverage
Global Bio Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio Power market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Dalkia (France), EnviTec Biogas AG (Germany), Schmack Biogas GmbH (Germany), WELTEC BIOPOWER GMBH (Germany), Ørsted A/S (Denmark), ElectraTherm (Georgia), Babcock & Wilcox Enterprises, Inc. (US), Ameresco (US), MVV Energie AG (Germany), and Enerkem (Canada) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bio Power Market from 2021 to 2030.
- Market Forecast for Bio Power Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bio Power competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bio Power
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Dalkia (France), EnviTec Biogas AG (Germany), Schmack Biogas GmbH (Germany), WELTEC BIOPOWER GMBH (Germany), Ørsted A/S (Denmark), ElectraTherm (Georgia), Babcock & Wilcox Enterprises, Inc. (US), Ameresco (US), MVV Energie AG (Germany), and Enerkem (Canada)
Primary Target Market
- Market Players of Bio Power
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio Power market based on the below-mentioned segments:
Global Bio Power Market, By Technology
Direct Combustion
Cofiring
Gasification
Anaerobic Digestion
Pyrolysis
Landfill Gas
Global Bio Power Market, By End User
Residential
Commercial
Industrial
Others
Global Bio Power market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive bio power market market research and competitor analysis for your business to help you develop more profound insights into the bio power market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the bio power market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.