Biomass Power Generation Market
Biomass Power Generation Market by Feedstock Agriculture and Forest Residues, Woody Biomass, Urban Residues, Landfill Gas LFG Feedstock, Biogas and Energy Crops and Technology Gasification, Co-firing and CHP, LFG, Anaerobic Digestion and Combustion – Global Industry Analysis And Forecast To 2025
Industry Outlook and Trend Analysis:
Power that is generated form the natural and human waste containing carbon is called biomass power, while registering itself at a compound annual growth rate CAGR during the forecast period. Biomass power generation involves the waste from different source for power generation life; organic municipal and industrial waste, oil-rich algae, timber industry, agriculture residue, woody plants, sugarcane crops, etc. biomass is considered as alternative for fossil fuels for power generation and heating application. Biomass is considered as environment friendly option for power generation and cooking, as the greenhouse gases released by burning of fossil fuel are reduced. Technologies are been developed to convert biomass output into liquid biofuel and combustible biogas.
Drivers and Restrains:
The main driving agent in increase in Biomass Power Generation Market are the initiatives been taken globally to decrease the emission of greenhouse gases into the atmosphere. Cost is also driving agent for the market as the power generated by biomass is less costly than that generated using fossil fuels as the prices of fossil fuels are on a rise. The investment in the material used for biomass power generation is negligible as the waste is available naturally. Restrains of Biomass Power Generation are the high cost of construction and operating cost of biomass power generation plants. Storage of power generated from biomass requires more space. Seasonality of waste required for biomass plant and difference in the resources of biomass waste are also some restrains.
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The biomass power generation market is segmented on the basis of feedstock and applications;
Based on feedstock the market is divided into Agriculture and Forest Residues, Woody Biomass, Urban Residues and Landfill Gas LFG Feedstock. Feedstock is the raw material that is used for power generation in biomass power plant. Based on application the market is divided into Gasification, Co-firing and CHP, LFG, Anaerobic Digestion and Combustion.
Regional Outlook and Trend Analysis:
Geographically, the market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa. Government support and some controlled outlines for production is the main reason theta biomass power generation in booming countries of Europe and North America. Factors boasting the growth of biomass power plants in UK, Germany and US are investment subsidies, grants, tax benefits and incentives. Countries like Poland, India, China, Indonesia and Australia are also proposing government to take initiative. Key player in the biomass power generation market is considered to be China in forecasted period.
The players in the market Drax Group, Helius Energy Plc, The Babcock and Wilcox Company, DONG Energy A/S. Alstom, Areva, , Vattenfall, Forth Energy Ltd. and Ameresco, Inc.
The Biomass Power Generation Market is segmented as follows-
Agriculture and Forest Residues
Landfill Gas LFG Feedstock
Biogas and Energy Crops
Co-firing and CHP
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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