Global Biopower Market Overview:
Biopower refers to electricity generated from the burning of biomass. Biomass can be readily available plant and animal matter. Locally grown energy supplies that include everything from cotton stalks, hay, wheat straw, switchgrass, peanut hulls, wood chips, bark, logging residue, swine waste and poultry litter as a fuel source for biopower. Biopower is the largest source of non-hydro renewable energy in the world and as of May 2005, there were over 7,800 megawatts of biomass power capacity in 350 locations in the United States, according to the United States Department of Energy’s office of Energy Efficiency and Renewable Energy (EERE). Some of the players profiled in the study are EnviTec Biogas AG (Germany), Schmack Biogas GmbH (Germany), Weltec Biopower GmbH (Germany), Biopower Operations Corporation (United States), Orsted A/S (Denmark), Dalkia (France), ElectraTherm (United States), Ameresco (United States), Babcock & Wilcox Enterprises, Inc. (United States) and Enerkem Inc. (Canada).
On the basis of geography, the market of Biopower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Technology, the sub-segment i.e. Direct Combustion will boost the Biopower market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Output , the sub-segment i.e. Less than 10 MW will boost the Biopower market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Favorable government regulations regarding renewable sources of energy and development in technology are the key driving factor for the market. Also. It stimulates rural economic development by creating new sources of income, new jobs, and new uses for agricultural and forestry products and wastes.
- Less Dependency on Foreign Oil and Ensuring Safer Communities
- Cost-Effective Solution and Offers Important Environmental Improvements
Influencing Trend
- Renewable, Sustainable, and Clean Solution for Power Generation
- Efficient and Improved Biomass Cook Stoves
Restraints
- High Installation and Maintenance Cost at Initial Stage
- Emission of Harmful Gases such as NOx and SOx
Opportunities
- Technologies presently at the research and development stage, such as Whole Tree Energy™, integrated gasification fuel cell systems, and modular systems are expected to create lucrative opportunities in the future.
Challenges
- BioPower Devastates Forests and the Ecosystem Services They Provide
- Huge Investments for Research and Development
Key Market Developments:
On January 31, 2017, BITZER Group, the world’s largest independent manufacturer of refrigeration compressors, has announced that it via its US subsidiary BITZER US, Inc., has acquired ElectraTherm, a US developer and manufacturer of distributed, waste heat to power generation using Organic Rankine Cycle (ORC) technology.
On April 22, 2019, Ameresco, a leading renewable energy company has begun its commercial operations at a renewable natural gas (RNG) plant in Phoenix, Arizona. Ameresco claims that the RNG plant is one of the largest wastewater treatment biogas-to-RNG facilities of its kind in the United States.
In the United States, the regulations that control the release of oxides of sulfur (SOx) and nitrogen (NOx) are rapidly tightening under a variety of cap and trading schemes now being proposed for pollutants, particularly for NOx. These regulations may work as a potential boon to biopower because biopower technologies such as cofiring improve utilities’ emissions profiles in SOx and NOx and The Biopower Program is currently collaborating with environmental regulatory bodies such as the EPA to reduce regulatory uncertainty related to NSR and emissions. This is a critical issue because there are more than 200 companies outside the wood products and food industries that generate biopower in the United States.
Target Audience:
Renewable Energy Generating Firms, Raw Material Suppliers, Power Generation Companies and Government and Research Organization
Major Objectives Focused through this Study
To define, describe, and forecast the Global Biopower market on the basis of product [Biogas and Biomass] , application [Residential, Commercial, Industrial and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Biopower market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Biopower industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Mackay Sugar Limited (Australia), MVV Energie AG (Germany), Delta Electricity (Australia) and A2A (Italy).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Biopower market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.