Industry Background:
Biomass power generation which consist of power generation from carbon containing wastes such as by products from wood industry, farming residue, oil-rich algae, and pure municipal and industrial waste. Biomass power generation market is expected to mark significant growth over forecasted period owing to increasing consumers spending on Improving energy from garbage, providing ideal replacement for conventional fossil fuels and technological advancement. There has been significant rise in electricity generation from renewable sources with figure stood up to 19%, that reaching 99.3 terawatt hours (TWh) in United Kingdom alone in 2017, the future for Biomass power generation looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the agricultural automation, infrastructure/building sector.
According to AMA Research, the market for Biomass Power Generation is expected to register a CAGR of 6.3% during the forecast period to 2030. This growth is primarily driven by Increase used as a Source of Energy Input for Electricity Generation
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy & Resources sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Babcock & Wilcox Enterprises (United States), Drax Group (United Kingdom), Enviva Partners (United States), John Wood Group (United Kingdom), Biomass power Operations Corporation, MVV Energie SG (Germany), Schmack Biomass Gas GmbH (Germany) and A2A (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2023, ENGIE acquired the biomass and waste-to-energy business of IBERDROLA for €2.5 billion, becoming a major player in the European biomass power generation market.
In April 2023, Babcock launched its new Biomass CHP (Combined Heat and Power) system, designed for efficient heat and power generation from various biomass fuels.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Regulatory Insights:
“According to Renewable Energy Association, its provide some regulations and campaigns that denoted green campaigning and would not allow the use of destructive forms of biomass, which have been linked to deforestation in other countries. It also put strict limits on how biomass plants will be supported under its new regime for the electricity market.”
Influencing Trend:
Rising Demand for Organic related sources of power generation and Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Increase used as a Source of Energy Input for Electricity Generation and Rapid Demand of Biomass at Transportation Industries
Challenges:
Lack Of Awareness Among Customers Are Anticipated To Challenge The Market.
Restraints:
Economic Imbalance Hampers the Biomass Power Generation Market. and Environmental and Climate Changes Associated With In Biomass Power Generation Market.
Opportunities:
Initiatives for Effective Utilization of Fossil Fuels Leads to Grow the Biomass Power Generation Market. and Upsurge Demand of Renewable Energy at Developing Countries.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Biomass Power Generation Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Biomass Power Generation Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Biomass Power Generation players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biomass Power Generation Study Sheds Light on
The Biomass Power Generation Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Biomass Power Generation industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biomass Power Generation industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.