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By 2030, the global market for biomass power generation is predicted to be worth USD 110.18 billion, a CAGR of 5.9% between 2022 and 2030.
Agricultural byproducts, timber, and energy crops are all examples of biomass that can be used to generate electricity. It's a renewable energy method that uses the kinetic potential of organic materials (like plants and animals) as fuel. In biomass power plants, biomass is burned to create heat, which is then utilised to create steam and turn turbines, ultimately resulting in electricity. To further improve energy efficiency, this method can be paired with combined heat and power (CHP) systems. Reduced emissions of greenhouse gases and increased use of waste materials are only two of the many environmental benefits of biomass power generating. In addition to diversifying the energy mix and contributing to sustainable development, it also offers a stable and dispatchable source of renewable energy.
Reasons Why
The rising global need for renewable energy sources is one of the primary forces propelling the biomass power generation market. Using biomass for power generation is a climate-friendly and environmentally friendly option because it lessens our dependence on fossil fuels. Feed-in tariffs and renewable energy targets are two examples of government policies and incentives that are helping to drive the market. The market is being driven by the abundance of biomass resources such as agricultural waste, forest wastes, and energy crops. Improved combustion systems and biomass gasification are two examples of biomass conversion technologies that have increased the efficiency and reduced the cost of biomass power generation. The increasing need for renewable energy sources and the growing concern for the environment are driving the biomass power production industry forward.
Factors That Hold It Back
Some factors may limit development of the biomass power generation market. The availability and viability of biomass feedstock is a major limitation. Conflicts may arise when the need for biomass resources puts these and other sectors, such agriculture and forestry, at odds with one another. Challenges in locating and transporting biomass for use in power plants can also drive up prices. Challenges might also arise from technological constraints, such as the requirement for effective biomass conversion and handling systems. There are also potential regulatory and public perception challenges associated with air pollutants and land use when it comes to biomass power generating. Constraints to market expansion are highlighted, emphasising the need to address feedstock supply, technology advances, and sustainable practises.
The market for biomass power generation is broken down in this study into its component parts, with each submarket receiving its own prediction for future revenue development and analysis of current market trends. The paper examines the market for biomass power production, focusing on its development drivers, prospects, and obstacles. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. The study systematically identifies the major competitors in the biomass power generation market, profiles them, and then assesses their core capabilities in each of the industry's subsegments.
The global biomass power generation market is broken down into three distinct submarkets based on the technology used to generate electricity: combustion, gasification, and anaerobic digestion. The combustion subsector of the biomass power generating market has recently risen on top and now accounts for the majority of revenue generated by the sector. This market segment is so dominant because of a number of variables, including the fact that combustion technology is an old and reliable means of transforming biomass into usable energy. Specifically designed power plants burn biomass directly to create heat, which is then used to make steam and drive turbines, resulting in electrical output. This combustion-based technique is favoured for large-scale biomass power projects due to its high efficiency and dependability. A wide variety of biomass feedstock, such as agricultural residues, wood chips, and energy crops, can be used in combustion systems, expanding the system's potential in terms of resource utilisation. Power generating is reliable and constant because of the combustion sector's well-established infrastructure and operating skills. It is worth noting, however, that gasification and pyrolysis, two alternative biomass conversion technologies, are gaining ground and could eventually cut into the combustion segment's market share.
The global biomass power generation market is broken down into three distinct submarkets—solid biofuel, liquid biofuel, and biogas—depending on the form of feedstock used. When it comes to biomass power generation, the solid biofuel sector is now the market leader. This market sector is so dominant because solid biofuels like wood pellets, wood chips, and agricultural leftovers have several benefits when used to generate biomass electricity. They are useful for large-scale power plants due to their low cost, high availability, and manageability. In addition, solid biofuels already have well-established supply chains and infrastructure in place, guaranteeing a steady and dependable supply of feedstock. The solid biofuels business has matured to the point that biomass can be efficiently sourced, transported, and stored. In addition, existing power plants can benefit from the use of solid biofuels because they are compatible with traditional combustion technology. Regulations and standards for the manufacture and consumption of solid biofuels are already in place, further benefiting the industry. However, it is worth noting that the development of other biomass conversion technologies, such as gasification and pyrolysis, offers alternative paths for biomass utilisation, which could eventually reduce the market share of the solid biofuel segment.
Report Coverage
Global Biomass Power Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biomass Power Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biomass Power Generation 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 Biomass Power Generation 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 Biomass Power Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biomass Power Generation 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
Mitsubishi Heavy Industries, Ltd., Suez, Xcel Energy Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Orsted A/S, Ameresco, General Electric, Veolia, Vattenfall, and others, Alstom SA, DONG Energy A/S, Drax Group plc, Fourth Partner Energy, Helius Energy Plc, Enviva LP, MGT Power Ltd., The Babcock & Wilcox Company.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biomass Power Generation market based on the below-mentioned segments:
Global Biomass Power Generation Market, By Technology
Combustion
Gasification
Anaerobic Digestion
Global Biomass Power Generation market, By Feedstock
Solid Biofuel
Liquid Biofuel
Biogas
Global Biomass Power Generation market, Regional Analysis
Agricultural byproducts, timber, and energy crops are all examples of biomass that can be used to generate electricity. It's a renewable energy method that uses the kinetic potential of organic materials (like plants and animals) as fuel. In biomass power plants, biomass is burned to create heat, which is then utilised to create steam and turn turbines, ultimately resulting in electricity. To further improve energy efficiency, this method can be paired with combined heat and power (CHP) systems. Reduced emissions of greenhouse gases and increased use of waste materials are only two of the many environmental benefits of biomass power generating. In addition to diversifying the energy mix and contributing to sustainable development, it also offers a stable and dispatchable source of renewable energy.
Reasons Why
The rising global need for renewable energy sources is one of the primary forces propelling the biomass power generation market. Using biomass for power generation is a climate-friendly and environmentally friendly option because it lessens our dependence on fossil fuels. Feed-in tariffs and renewable energy targets are two examples of government policies and incentives that are helping to drive the market. The market is being driven by the abundance of biomass resources such as agricultural waste, forest wastes, and energy crops. Improved combustion systems and biomass gasification are two examples of biomass conversion technologies that have increased the efficiency and reduced the cost of biomass power generation. The increasing need for renewable energy sources and the growing concern for the environment are driving the biomass power production industry forward.
Factors That Hold It Back
Some factors may limit development of the biomass power generation market. The availability and viability of biomass feedstock is a major limitation. Conflicts may arise when the need for biomass resources puts these and other sectors, such agriculture and forestry, at odds with one another. Challenges in locating and transporting biomass for use in power plants can also drive up prices. Challenges might also arise from technological constraints, such as the requirement for effective biomass conversion and handling systems. There are also potential regulatory and public perception challenges associated with air pollutants and land use when it comes to biomass power generating. Constraints to market expansion are highlighted, emphasising the need to address feedstock supply, technology advances, and sustainable practises.
The market for biomass power generation is broken down in this study into its component parts, with each submarket receiving its own prediction for future revenue development and analysis of current market trends. The paper examines the market for biomass power production, focusing on its development drivers, prospects, and obstacles. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. The study systematically identifies the major competitors in the biomass power generation market, profiles them, and then assesses their core capabilities in each of the industry's subsegments.
The global biomass power generation market is broken down into three distinct submarkets based on the technology used to generate electricity: combustion, gasification, and anaerobic digestion. The combustion subsector of the biomass power generating market has recently risen on top and now accounts for the majority of revenue generated by the sector. This market segment is so dominant because of a number of variables, including the fact that combustion technology is an old and reliable means of transforming biomass into usable energy. Specifically designed power plants burn biomass directly to create heat, which is then used to make steam and drive turbines, resulting in electrical output. This combustion-based technique is favoured for large-scale biomass power projects due to its high efficiency and dependability. A wide variety of biomass feedstock, such as agricultural residues, wood chips, and energy crops, can be used in combustion systems, expanding the system's potential in terms of resource utilisation. Power generating is reliable and constant because of the combustion sector's well-established infrastructure and operating skills. It is worth noting, however, that gasification and pyrolysis, two alternative biomass conversion technologies, are gaining ground and could eventually cut into the combustion segment's market share.
The global biomass power generation market is broken down into three distinct submarkets—solid biofuel, liquid biofuel, and biogas—depending on the form of feedstock used. When it comes to biomass power generation, the solid biofuel sector is now the market leader. This market sector is so dominant because solid biofuels like wood pellets, wood chips, and agricultural leftovers have several benefits when used to generate biomass electricity. They are useful for large-scale power plants due to their low cost, high availability, and manageability. In addition, solid biofuels already have well-established supply chains and infrastructure in place, guaranteeing a steady and dependable supply of feedstock. The solid biofuels business has matured to the point that biomass can be efficiently sourced, transported, and stored. In addition, existing power plants can benefit from the use of solid biofuels because they are compatible with traditional combustion technology. Regulations and standards for the manufacture and consumption of solid biofuels are already in place, further benefiting the industry. However, it is worth noting that the development of other biomass conversion technologies, such as gasification and pyrolysis, offers alternative paths for biomass utilisation, which could eventually reduce the market share of the solid biofuel segment.
Report Coverage
Global Biomass Power Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biomass Power Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biomass Power Generation 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 Biomass Power Generation 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 | Mitsubishi Heavy Industries, Ltd., Suez, Xcel Energy Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Orsted A/S, Ameresco, General Electric, Veolia, Vattenfall, and others, Alstom SA, DONG Energy A/S, Drax Group plc, Fourth Partner Energy, Helius Energy Plc, Enviva LP, MGT Power Ltd., The Babcock & Wilcox Company. |
| 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 Biomass Power Generation Market from 2021 to 2030.
- Market Forecast for Biomass Power Generation 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, Biomass Power Generation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biomass Power Generation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biomass Power Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biomass Power Generation 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
Mitsubishi Heavy Industries, Ltd., Suez, Xcel Energy Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Orsted A/S, Ameresco, General Electric, Veolia, Vattenfall, and others, Alstom SA, DONG Energy A/S, Drax Group plc, Fourth Partner Energy, Helius Energy Plc, Enviva LP, MGT Power Ltd., The Babcock & Wilcox Company.
Primary Target Market
- Market Players of Biomass Power Generation
- 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 Biomass Power Generation market based on the below-mentioned segments:
Global Biomass Power Generation Market, By Technology
Combustion
Gasification
Anaerobic Digestion
Global Biomass Power Generation market, By Feedstock
Solid Biofuel
Liquid Biofuel
Biogas
Global Biomass Power Generation 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
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