Market Snapshot:
Utilizing the chemical energy found in organic materials, biomass power systems generate electricity. Wood waste, agricultural waste, animal waste, and energy crops are just a few of the many types of biomass that can be used to produce electricity. Quantifying the supply, cost, and physical characteristics of the feedstock is the aim of biomass resource modelling. The modelling of the biomass resource differs from that of the other renewable resources in three ways. First off, since the feedstock needs to be collected, transported, and in the case of specific energy crops, even sown, the amount of available biomass is primarily dependent on human effort. The intermittency and unpredictability that characterise the other renewable resources do not apply to the biomass resource, despite the fact that the gross amount of biomass depends on natural factors like the growing season and rainfall. Additionally lowering intermittency and boosting flexibility is the fact that the biomass feedstock is frequently simple to store. Third, the feedstock is frequently transformed into a fuel that can be stored and transferred, such as a liquid or gas. Due to these constraints, biomass resource modelling often places more emphasis on the characteristics of the feedstock (such as moisture content) and the costs associated with transporting it in a usable state than on its availability. The biomass resource has been thoroughly described by McKendry.
Highlights from Biomass Power System Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are ADM (United States), Ameresco Inc (United States), EnviTech Biogas AG (Germany), Enviva, LP (United States), Drax Group (United Kingdom), Strabag SE (Austria), Pinnacle Renewable Energy Inc. (Canada), Enerkem (Canada), Green Plains Inc. (United States) and POET LLC (United States). Additionally, other players that are part of this comprehensive study are Orested (Denmark), Iberdrola (Spain), JinkoSolar Holding Co. Ltd. (China), Siemens Gamesa Renewable Energy (Spain), Brookfield Renewable Partners LP (Canada) and Renewable Energy Group Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Biomass Power System market presents a comprehensive analysis of the Biomass Power System market by product type (Agriculture residue, Animal waste, Forest Residue, Industrial waste and Other), by end-user/application (Industrial, Commercial and Residential), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Biomass Power System industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Biomass Power System market
Analyst at AMA have segmented the market study of Global Biomass Power System market by Type, Application and Region.
Influencing Trend:
To Have an Energy Source with Low Carbon Emission and Which is Sustainable.
Market Growth Drivers:
The Constant Climate Change and GHG Emissions Have Been Driving the Growth of Biomass Power System Market Where Biogas Being the Most Suitable. and Rapid Growth in Industrialization and Urbanization is Having Majority of Contribution in Biomass Power Systems Market Growth.
Challenges:
Alternatives Renewable Sources Has Been Having their Technological Advancements making them Substitutes for Biomass Power System Market.
Restraints:
Cost is Dependent on Availability of Feedstock.
Opportunities:
To Meet the Policies and Targets for Reliable and Environmental Friendly Energy Generation Biomass Power System will be having a Good Opportunity for Growth.
Market Developments Activities:
ADM, a global leader in nutrition and agricultural origination and processing, announced in 2021 that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.
Leaders from ADM and Marathon Petroleum Corp., along with local, state, and federal policymakers, June 2022 celebrated the ground-breaking of North Dakota’s first dedicated soybean processing facility. By harvest 2023, the plant – owned by the previously announced ADM-MPC joint venture Green Bison Soy Processing – is expected to be producing approximately 600 million pounds of refined vegetable oil annually, which will be supplied exclusively to MPC as a feedstock for renewable diesel.
Regulatory Insights:
The Connecticut and New Jersey RPSs state that biomass must be cultivated and harvested in a sustainable manner. Nevada’s RPS policy requires biomass to be naturally regenerated. Rhode Island simply requires that biomass be sustainably managed.
The market has seen a good amount of technological advancement in controlling carbon emission to make this a better option as a renewable and sustainable energy source to contribute to sustainability which makes it convenient for new entrances to achieve a better position in the market whereas the market is growing at a steady rate with the help of government policies and subsidies thus rising adoption of strategies by key players. The existing players hold a sufficient market share to drive the market well and thus are also exploring mergers and acquisitions and investments also are launching new and better services.
Key Target Audience
Power Generating Companies, Power Distributors, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others