Global Biomass Power Market Report, Insights And Trends, Positive And Negative Factors, Areas To Focus On, Potential Markets, Key Developments, Segments And Verticals, And Forecast 2020 – 2029

                                          
Global Biomass Power Market 2021: By Feedstock Type (Woody Biomass, Urban Residue, Biogas, Agriculture & Forest Residues, Energy Crop), By Technology (Landfill Gas, Co-Firing, Combustion, Combined Heat and Power (CHP), Anaerobic Digestion, and Gasification), By Application (Residential, Commercial, Industrial)

Global Biomass Power Market Trends, Opportunities Applications, End-use Industries, Growth, and Market Forecast till 2029” is a recently created report by Trusted Business Insights. The global biomass power market report has been segmented on the basis of feedstock type, technology, application, and region/ country.Request Covid - 19 Impact

The Global Biomass Power market size was valued at USD $44.5 Billion in 2020, USD $48.93 Billion in 2021, forecasted to reach  USD $53.8 Billion in 2022, and is projected to reach USD $115.48 Billion by 2030, and is anticipated to expand at a CAGR of 9.95% over the forecast period from 2020 to 2030.

Biomass Power: Overview

Biomass is an organic matter and an ultimate substitute for producing conventional fossil fuels used for power generation and heating. From the recent years, adoption of biomass is increasing and this trend is becoming very popular with worldwide acceptance. Biomass power has emerged as an energy source on the global scale. Biomass power is a carbon-neutral electricity which is generated from renewable organic waste including by-products from sugarcane crops, timber industry, oil-rich algae, woody plants, agricultural residue and industrial waste. Biomass power is made in a combustor or furnace by burning biomass substances.

Global Biomass Power Market: Dynamics

Biomass matter is easily available and can be used as a cost-effective renewable resource to generate power. The low cost of energy (LCOE), active participation of government and major players to spread awareness and promote adoption of biomass power is expected to drive growth of the global biomass power market. Cultivation of biomass crops can help produce more amount of oxygen and curb carbon dioxide emissions in the air. In addition, increasing government initiatives to reduce dependency on fossil fuels and control carbon emissions is projected to fuel market growth. Increasing number of advancements in power generation technologies and increasing demand for environment-friendly renewable energy sources are some major factors expected to create revenue opportunities for players in the global biomass power market.

However, weak supply chain in the market is one of the factors that could hamper growth of the global biomass power market. In addition, lack of awareness about biomass power across certain emerging countries and fluctuating cost of feedstock and other biomass matter are other factors that could restrain the market growth to a certain extent.

Global Biomass Power Market: Segment Analysis Analysis by Feedstock Type:

Among the type segments, the woody biomass is expected to account for highest revenue share in the global market, followed by the agriculture and forest residue segment, because of increasing demand for energy, rapid industrialization, and depleting non-renewable resources.

Analysis by Technology:

The combustion segment is expected to dominate in the global market owing to high power generation capability with cost-effectiveness. The co-firing and Combined Heat and Power (CHP) segments are projected to register higher growth rates over the 10-year forecast period.

Global Biomass Power Market: Region Analysis

North America market is estimated to dominate the global biomass power market due to increasing government initiatives for adoption of biomass power in countries in the region. Moreover, growth of the market is influenced by investments by major private companies and subsidies from government. The Europe biomass power market is anticipated to account for second-highest revenue share in the global market, and is projected to witness moderately higher growth rate over the 10-year forecast period. Increasing number of government initiatives, presence of prominent players are major factors due to which the market is achieving significant ground in this region. The Asia Pacific market is expected to register a significantly higher compound annual growth rate over the next 10 years, due to presence of government initiatives such as incentives and subsidies and cultivation of biomass crops in several countries in the Asia Pacific.

Below are the leading companies profiled in this Biomass Power Market Report:

  
A2A
  
Acciona SA
  
Alstom SA (France)
  
Ameresco Inc.
  
Andritz AG
  
Babcock & Wilcox Enterprises Inc. (US)
  
Biomass Gas AG
  
Biomass Power Operations Corporation
  
Bosch Sensortec GMBH
  
Dalkia (France)
  
DONG Energy A/S
  
Drax Group PLC (UK)
  
E.ON SE
  
EnviTec Biogas AG (Germany)
  
Enviva LP (US)
  
Forth Energy Ltd.
  
General Electric Co.
  
Helius Energy PLC (US)
  
John Wood Group Plc
  
Mitsubishi Heavy Industries, Ltd.
  
MVV Energie AG (Germany)
  
Ørsted A/S (Denmark)
  
Ramboll Group A/S
  
Schmack Biomass Gas GMBH
  
Sodra (Sweden)
  
Suez
  
Thermax Ltd.
  
Valmet Oyj
  
Vattenfall AB (Sweden)
  
Weltec Biopower GMBH (Germany)
  
Wilcox Company
  
Xcel Energy Inc.

Global Biomass Power Market Segmentation

By Feedstock Type

  
Woody Biomass
  
Urban Residue
  
Biogas
  
Agriculture & Forest Residues
  
Energy Crop

By Technology

  
Landfill Gas
  
Co-Firing
  
Combustion
  
Combined Heat and Power (CHP)
  
Anaerobic Digestion, and Gasification

By Application

  
Residential
  
Commercial
  
Industrial
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Biomass Power market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Biomass Power market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Biomass Power market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Biomass Power market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Biomass Power market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Biomass Power market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Biomass Power industry?