Competitive Dashboard
The prominent players operating the Global Biomass Power Market are Schmack Biomass gas GmbH, Dalkia, Weltec Biomass power GmbH, MVV Energie SG, EnviTec Biomass gas AG, Biomass power Operations Corporation, and A2A.
Market Snapshot
The Global Biomass Power Market is predicted to register a moderate CAGR during the forecast period (2016-2027) owing to the augmenting demand for energy, asserts Market Research Future (MRFR). Biomass is referred to as the non-fossilized biodegradable organic substances which originates from biological sources such as animals, micro-organisms, and plants. Biomass has witnessed a huge popularity as a cleaner source of power generation over the past few years. A carbon-neutral, environment-friendly, and sustainable source of energy, the Global Biomass Power Generation Market exhibits vast potential in reducing the global reliance on fossil fuels.
Industry Updates
December 07, 2018: The Maharashtra Electricity Regulatory Commission has recently approved a petition filed by the Maharashtra State Electricity Distribution Company Limited for the long-term procurement of 50 MW of biomass power for a period of 20 years. MSEDCL had petitioned MERC to approve the competitive bidding process and an e-reverse auction for the procurement of 50 MW of biomass-based power.
Intended Audience
- Biomass Power manufacturers
- Biomass Power Suppliers
- Research and Development (R&D) Companies
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Drivers and Constraints Impacting the Market
Biomass power is considered to be a potential solution to minimize the carbon footprint and offer a better atmosphere. Biomass reduces the air pollution by minimizing the amount of greenhouse gases produced and can be a cost-effective solution at the same time from which users can profit manifold. Biomass power is slowly gaining traction in transportation and industrial processes by replacing traditional diesel in the operational process. Such factors are estimated to stimulate the market growth during the estimated period. The biomass power market is also estimated to demonstrate a significant growth due to growing focus on research and development activities and technological advancements in order to provide biomass for power generation. Moreover, the rising use of biomass such as manure and plant materials in order to produce electricity and generate biomass fuels for transportation is presume to influence the market growth in the coming years.
On the flip side, a weak supply chain is considered to dampen the market growth. Moreover, lack of awareness among the emerging economies and improper management of biomass is likely to restrain the market growth during the forecast period.
Global Biomass Power Market: Segmental Analysis
The Global Biomass Power Market has been segmented on the basis of Type, Application, and Region.
By mode of Type
- Alcohol fuel
- Wood
- Biomass gas
By mode of Application
- Commercial
- Residential
- Industrial
Regional Insights
Geographically, the biomass power market span across regions namely, South America, North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, the North American region is anticipated to dominate the global biomass power market as government regulations are in favor of biomass power. The region also comprises a proper infrastructure which contributes to the market growth. Moreover, new investments are getting subsidies from the government is influencing the market growth in this region.
Asia Pacific is considered to show a significant growth rate owing to the presence of countries such as Indonesia and India proposing government initiatives. Moreover, the abundant natural resources of the regions are also contributing to the expansion of the regional market.
The European region is also anticipated to expand at a significant rate due to which the market is gaining considerable ground in this region. Economies such as the U.K. and Germany are offering special incentives and tax benefits to make it a more lucrative field.
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Table Of Content:
1. Report Prologue
2. Introduction
3. Research Methodology
4. Market Dynamics
5. Biomass Power Market, By Type
6. Biomass Power Market, By Application
7. Biomass Powermarket, By Region
8. Company Landscape
Continue………
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