Biomass and Waste-to-Energy Market Scope
Biomass and Waste-to-Energy is a process of producing a bio energy from biomass materials, which includes by-products of agricultural, food and forestry industries, domestic and industrial waste. Biomass- and Waste-to-Energy is clean, efficient and can significantly reduce emissions of greenhouse gases. Biomass- and Waste-to-Energy on the gasification process which transforms biomass and waste into synthesis gas. The synthesis gas is subsequently converted to a range of other useful products, like methanol, transportation fuels and ammonia. Biomass- and Waste-to-energy plants burn municipal solid waste (MSW), often called garbage or trash, to produce steam in a boiler that is used to generate electricity.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Suez (France), Ramboll Group A/S (Denmark), Babcock & Wilcox Enterprises Inc (United States), Covanta Holding Corporation (United States), Hitachi Zosen Corporation (Japan), Republic Services (United States), Waste Management, Inc (United States), Biffa plc (United Kingdom), Veolia Environment (France) and Clean Harbors, Inc (United States) |
CAGR | % |
The market for Biomass and Waste-to-Energy is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Biomass and Waste-to-Energy market throughout the predicted period.
Suez (France), Ramboll Group A/S (Denmark), Babcock & Wilcox Enterprises Inc (United States), Covanta Holding Corporation (United States), Hitachi Zosen Corporation (Japan), Republic Services (United States), Waste Management, Inc (United States), Biffa plc (United Kingdom), Veolia Environment (France) and Clean Harbors, Inc (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are KEPPEL SEGHERS Pte., Ltd (Singapore), Mitsubishi Heavy Industries, Ltd (Japan and Xcel Energy Inc (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Biomass and Waste-to-Energy market by Type , by Application (Electricity Generation, Biofuels Productions, Water Resource Recovery and Other) and Region with country level break-up.
On the basis of geography, the market of Biomass and Waste-to-Energy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 29 September 2021, Babcock & Wilcox Enterprises, Inc. (B&W) has signed a definitive agreement to acquire VODA A/S, a waste-to-energy and biomass-to-energy services based firm. B&W will create a B&W Renewable Service which will be integrated with VODA A/S and B&W Vølund aftermarket services businesses. This platform will enable B&W to operate its renewable service business across Europe, catering to both existing and new customers in the region. The transaction is expected to be completed by the end of October 2021.
The U.S. Department of Energy (DOE) has assessed potential research and development (R&D) activities that could improve the economic viability of municipal solid waste-to-energy facilities. DOE recognizes that sorted municipal solid waste (MSW) and related feedstocks constitute a present disposal problem for municipalities and similar entities. Improving waste-to-energy conversion in existing facilities and developing technologies for next generation facilities is important to localities across the country as they explore more cost-effective solutions to waste disposal.
Influencing Trend:
Technological Advancements and Rapid Uses of AI and Innovation of Stand-Alone And Hybrid Waste to Energy Technologies For Enhanced Energy Recovery
Market Growth Drivers:
Rising Demand in Energy Production in Industries, Rising Demand of Renewable Energy Resources over the World and Rising Concern about Greenhouse Emission among Individuals
Challenges:
Lack of Availability of Feedstock for Biomass, Inefficiency of conversion facility, core technology and equipment shortage and Limiting financing channels and high investment and capital cost
Restraints:
High amount of Carbon Dioxide Emissions
Opportunities:
Continuous Growth in Industrialization and Globalization and Rapid Adoption of Renewable energy Resources
Key Target Audience
Biomass- and Waste-to-Energy, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others