"Actionable Insights to Fuel Your Growth"
The ever increasing demand for energy has intensified the consumption of hydrocarbons for the production of electricity. The conventional fuels are on the verge of extinction due to enormous consumption. Thus, world leaders and researchers are focussing on renewable and green energy. Biomass is one of the major sources of renewable energy with minimum carbon emission. It mainly uses the waste leftovers to generate power which not only decomposes the waste/garbage but also resolves the serious garbage dumping problem. The power generation by using biomass is considered as carbon neutral or carbon emission is much lower as compared to other sources. Due to its easy availability biomass is majorly used across the world for cooking and heating. Apart from this biomass is used for electricity generation, space heating, cooking and in the industry as a fossil fuel for generating heat.
On the basis of technology, the global biomass power generation market can be segmented into combustion, gasification, anaerobic digestion, pyrolysis, landfill gas (LFG), and others. In combustion, the waste is directly combusted in the combustion chamber to generate heat whereas in gasification process partial combustion, pressure, and heat are used to create syngas. Decomposition of waste in the absence of oxygen is done in the pyrolysis which is a precursor to the gasification process.
To gain extensive insights into the market, Request for Customization
On the basis of feedstock, the biomass power generation market is segmented into urban residue, municipal solid waste, agricultural & forest residue, energy crops, woody biomass, and others. On the basis of the end-user industry, the market can be segmented into industrial, residential & commercial, and utilities. The energy industry is being motivated by other industries like paper industry, forest industry, pulp industry, etc. for the utilization of biomass for power generation and other desired products.
Biomass not only use the residual leftover to generate significant electricity but also balances the socio-economic factor by conserving the environment which drives the biomass power generation market. It is majorly used across the world as raw material is easily available and biomass is considered as an eco-friendly source of energy which is anticipating the growth of the biomass power generation market.
The factor that is expected to inhibit the growth of the market is the high installation cost and time required for construction of biomass plant. The advanced technologies used in biomass plants further increase the cost which in turn can also act as a market restraint for the biomass power generation market.
Some of the major companies in the global biomass power generation market are E. ON Energy, Ameresco, Babcock & Wilcox Company, Engie, Indus Green Bio Energy Pvt. Ltd., Ørsted A/S, Oulun Energia Oy, NTPC, and Acciona.
· Anaerobic Digestion
· Landfill gas(LFG)
· Urban residue
· Municipal Solid Waste (MSW)
· Agricultural and forest residue
· Energy crops
· Woody biomass
By End-use Industry
· Residential & Commercial
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global biomass power generation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, biomass is considerably used for a different purpose to meet the ever increasing demand for energy. Biomass accounts for approx. 5% in total primary energy in the USA which is majorly expected to increase the demand for biomass in North America. Europe is environment conscious and acting strictly against carbon emission violator with hefty fines. The countries are taking an initiative to promote green energy and biomass is consumed widely to promote its advantageous property. Germany, UK, and Italy share a large percentage of the total EU bioelectricity generation. The simplistic approach undermines the potential and needs for bio-power complement variable renewable energy sources while displacing environmentally harmful fossil fuels. Therefore, Europe is competently providing a suitable market for the growth of biomass power generation. Demand in the Asia Pacific region is increasing due to the presence of transforming economies of India and China. The government full electrification initiative and unorganized grid structure are expected to increase the demand for biomass power generation market in APAC.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry