Transparency Market Research announces the release
of a new research report titled “Biomass Power Generation Market -
Global & U.S. Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2022”. According to the report, the global biomass
power generation market stands to grow from a value of US$28,681.8
million in 2013 to US$50,527.6 million by 2022 at a 6.4% CAGR from
2014 to 2022. In terms of installed capacity, the biomass power
generation market will rise from 72,571.9 MW in 2013 to 122,331.6 MW
by 2022, developing at a 6.2% CAGR during that period. In terms of
power generation, the market is anticipated to expand from 413,778.1
million KWh in 2013 to 738,350.3 million KWh in 2022, growing at a
6.8% CAGR from 2014 to 2022.
This 228 page report gives readers a
comprehensive overview of the Biomass Power Generation market. Browse
this market Research Report@
On the basis of
feedstock, the biomass power generation market is categorized into
agriculture and forest residues, woody biomass, urban residues,
biogas and energy crops, and landfill gas feedstock. Market estimates
show that woody biomass currently holds the largest share of the
biomass power generation market in terms of utilization, followed by
agriculture and forest residues. Most economies opt for woody biomass
as feedstock because it allows them to limit climate change, keep
away from fossil fuels, and expand the share of biomass in the total
power generation mix.
On the basis of
technology, the biomass power generation market is segmented into
combustion, anaerobic digestion, co-firing and CHP, gasification, and
landfill gas. The combustion segment held the largest share of the
biomass power generation market in 2013, in terms of both power
generation and installed capacity. However, given that this segment
is nearing maturity, it is expected to lose significant market share
by the end of the forecast period. Emerging technologies such as
co-firing and CHP are anticipated to become one of the most feasible
options for biomass power generation by 2022. Co-firing and CHP is
increasingly being used as a way to minimize greenhouse gas
emissions.
Geographically, the
global biomass power generation market is divided into North America,
Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Countries in North America and Europe boast of favorable regulatory
framework and government support, which encourages the development as
well as use of biomass for power generation.
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Incentives, grants,
funding programs, investment subsidies, and tax benefits play a major
role in boosting the biomass power generation market in countries
such as the U.K., the U.S., and Germany. Emerging economies such as
Indonesia, India, Poland, and Australia have also been proposing
government legislations to fuel investments in biomass power
generation.The most prominent players operating in the global biomass
power generation market include DONG Energy A/S, The Babcock &
Wilcox Company, Ameresco, Inc., Helius Energy Plc, Forth Energy Ltd.,
Vattenfall AB, Drax Group plc, MGT Power Ltd., Alstom SA, and Enviva
LP.
Global Biomass
Power Generation Market: Feedstock Segment Analysis
- Woody Biomass
- Agriculture & Forest Residues
- Biogas & Energy Crops
- Urban Residues
- Landfill Gas Feedstock
Global Biomass
Power Generation Market: Technology Segment Analysis
- Anaerobic Digestion
- Combustion
- Gasification
- Co-firing & CHP
- Landfill Gas (LFG)
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