According to the report, the global biomass power market is expected to witness a healthy growth in the forecast period of 2023-2028, aided by the rising demand for renewable energy sources and the broadening applications of biomass power across various sectors.
Biomass power, derived from organic materials like agricultural residues, wood waste, and municipal solid waste, is an essential renewable energy source. In addition to reducing carbon emissions and managing trash, it is essential for sustainable electricity generation. Biomass power offers not just environmental advantages but also advantages for energy security, economic growth, and community development.
The increasing demand for renewable energy sources is driving the global biomass power market growth. With growing awareness of the environmental impact of fossil fuels and the urgency to transition to renewable energy sources, there has been a surge in demand for biomass power. Additionally, government policies and incentives supporting the use of biomass for energy generation have further contributed to its rising popularity.
The expanding applications of biomass power in various sectors also play a significant role in fuelling the biomass power market expansion. In the industrial sector, biomass power is used for heat and electricity generation. The agricultural sector utilises biomass residues for energy production, turning waste into value, and contributing to circular economy principles. Moreover, biomass power provides a solution for waste management in municipalities, transforming solid waste into energy.
Further, the growing demand for energy diversification and security has led to an increased focus on biomass power. With the rise of energy consumption and the need to reduce dependency on fossil fuel imports, biomass power has emerged as a key component in many countries' energy strategies.
The biomass power market development is also being driven by an increase in the demand for biomass power solutions in the industrial sector, which has been sparked by various businesses' increased focus on lowering their reliance on fossil fuels. Further, the demand for biomass power is expected to be supported during the forecast period by the increased adoption of clean energy technologies to lower overall CO2 emissions. Additionally, many firms are setting up on-site biomass power plants to burn the waste produced at the facility, reducing both the cost of trash disposal and the cost of electricity.
This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Biomass power, derived from organic materials like agricultural residues, wood waste, and municipal solid waste, is an essential renewable energy source. In addition to reducing carbon emissions and managing trash, it is essential for sustainable electricity generation. Biomass power offers not just environmental advantages but also advantages for energy security, economic growth, and community development.
The increasing demand for renewable energy sources is driving the global biomass power market growth. With growing awareness of the environmental impact of fossil fuels and the urgency to transition to renewable energy sources, there has been a surge in demand for biomass power. Additionally, government policies and incentives supporting the use of biomass for energy generation have further contributed to its rising popularity.
The expanding applications of biomass power in various sectors also play a significant role in fuelling the biomass power market expansion. In the industrial sector, biomass power is used for heat and electricity generation. The agricultural sector utilises biomass residues for energy production, turning waste into value, and contributing to circular economy principles. Moreover, biomass power provides a solution for waste management in municipalities, transforming solid waste into energy.
Further, the growing demand for energy diversification and security has led to an increased focus on biomass power. With the rise of energy consumption and the need to reduce dependency on fossil fuel imports, biomass power has emerged as a key component in many countries' energy strategies.
The biomass power market development is also being driven by an increase in the demand for biomass power solutions in the industrial sector, which has been sparked by various businesses' increased focus on lowering their reliance on fossil fuels. Further, the demand for biomass power is expected to be supported during the forecast period by the increased adoption of clean energy technologies to lower overall CO2 emissions. Additionally, many firms are setting up on-site biomass power plants to burn the waste produced at the facility, reducing both the cost of trash disposal and the cost of electricity.
Market Segmentation
The market can be divided based on technology, feedstock, end use, and region.Market Breakup by Technology
- Combustion
- Gasification
- Anaerobic Digestion
- Others
Market Breakup by Feedstock
- Solid
- Liquid
- Biogas
Market Breakup by End Use
- Industrial
- Transportation
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global biomass power companies. Some of the major key players explored in the report are as follows:- Vattenfall Group.
- Babcock & Wilcox Enterprises, Inc.
- Ameresco, Inc.
- Ørsted A/S
- Ramboll Group A/S
- Mitsubishi Heavy Industries, Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges13 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Power Generation Market Overview
9 Global Biomass Power Market Analysis
10 Regional Analysis
11 Market Dynamics
12 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Vattenfall Group.
- Babcock & Wilcox Enterprises Inc.
- Ameresco Inc.
- Ørsted A/S
- Ramboll Group A/S
- Mitsubishi Heavy Industries Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 48.34 Billion |
| Forecasted Market Value ( USD | $ 71.02 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
