Biomass Power Market Highlights:-
The growth in the Oil & Gas industry will create a positive impact on the market for global oil field chemicals. This market is majorly influenced by the increasing crude oil production. The current oil price dynamics is anticipated to affect the overall market growth as the declining crude oil price may offset the profit margins of the specialty oilfield chemicals manufacturers. Deep-water and unconventional reserves exploration requires specialized and sophisticated chemicals. With the current oil market scenario, formulating them will be an expensive task. Therefore, the Biomass Power Market is projected to register a moderate CAGR ~5% during the forecast period. However, the sale of production chemicals is not expected to be as affected as chemicals used in drilling, stimulation, and other applications. Additionally, the Growing concerns pertaining to energy security makes it mandatory to optimize exploration and production of hydrocarbons.
Companies are planning on expansion by opening up units in distant shores or spending heavily on research and developments. The market is getting densely packed and promises substantial competition. Arensis has recently opened a biomass testing laboratory in the U.K. which can be considered as a significant step forward. Sumitomo Heavy Industries (SHI) announced their plan to set up 75MW biomass plant in Japan’s Kanda City, Fukuoka Prefecture.
Some of the key players of in the biomass power market are A2A, Biomass power Operations Corporation, Dalkia, EnviTec Biomass gas AG, MVV Energie SG, Schmack Biomass gas GmbH, and Weltec Biomass power GmbH.
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Drax, a company based out of the U.K., has recently announced its collaboration with Siemens in a bid to upgrade its turbine so that it can increase its biomass generating capacity. The company is converting its old facility and supply chain and is replacing it with infrastructure for sustainable biomass.
European Investment Bank is planning to finance a new biomass-fueled plant in Spain’s La Coruna region of Curtis and Tuxeiro. The plant can bank on the surrounding 100km forest for its natural resources and will have a capacity to generate power of around 50MW.
Major Points From TOC:-
1. REPORT PROLOGUE
3. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
4.1. DRIVERS & OPPURTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
5. BIOMASS POWER MARKET, BY TYPE
5.3. Alcohol Fuel
6. BIOMASS POWER MARKET, BY APPLICATION
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Regional Analysis of Biomass Power Market:
North America is expected to dominate the Biomass Power market mainly due to the favorable government regulations. The integration of Biomass Power is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Biomass Power market due to boost in the manufacturing sector in these regions.
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