Biomass Power Market Research Report- Forecast till 2026

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Biomass Power Market is anticipated to reach USD 108.64 Billion by 2027, witnessing a significant CAGR of 10.5% during the review period (2021 – 2027).

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Biomass Power Market Research Report- Forecast till 2026

Market Dynamics
Biomass Power Market is anticipated to reach USD 108.64 Billion by 2027, witnessing a significant CAGR of 10.5% during the review period (2021 – 2027). Great approaches and guidelines by governments across the world are relied upon to introduce rewarding development and speculation openings for merchants and new contestants in the worldwide biomass power market. Governments are advancing the selection of biomass for power age as it is an environmentally friendly power fuel and can assist with forestalling the arrival of destructive CO2 gases and GHG emanations into the air.

The global biomass power market is expected to register a healthy market growth during the review period owing to the growing demand for power generation, increasing energy and power requirement. Besides, sustainable power created from biomass generally affects worldwide temperature alteration discharges as it can restrict the measure of CO2 delivered into the climate. Moreover, expanding the inventory of inexhaustible biomass power would permit us to supplant carbon-escalated fuel sources and essentially diminish dangerous atmospheric deviation outflows. Accordingly, the expanded interest for the clean energy age is required to drive the development of the worldwide biomass power market during the estimated time frame.

Market Segmentation
The global Biomass power market has been segmented into feedstock, technology, end-use, and region.
Based on feedstock, the global market has been classified into woody biomass, agricultural residues, forest residues, biogas landfill & sewage gas, energy crops, industrial & municipal waste. In terms of technology, the global market has been divided into anaerobic digestion, combustion, gasification, and co-firing. Based on the end-use industry, the global market has been segregated into residential, commercial, and industrial.
Biomass is a kind of power created from sustainable natural waste that would somehow or another be scorched or left as a grub in timberland fires. In biomass power plants, the feedstock is scorched to deliver steam that helps turn the turbine to create power, which gives power to homes and ventures

Regional Analysis
The worldwide Biomass power market has been classified into five significant areas namely, North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Biomass power market in Asia-Pacific is assessed to represent the most noteworthy portion of the Biomass power market. Asia-Pacific is probably the biggest market for biomass power on the planet. There is an expanded interest for energy in the district due to the developing populace and rising per capita extra cash in the area. Additionally, these quickly developing economies in this area are likewise the top polluters on the planet. Additionally, Asia-Pacific is assessed to exhibit critical development attributable to the bountiful accessibility of regular assets in the locale. Arising economies, for example, India and Indonesia guarantee sizeable development because of proposed government enactment to build interests in the biomass power area.

Major Players
The key players operating in the global biomass power market include Babcock & Wilcox Enterprises, Inc., (US), Mitsubishi Heavy Industries, Ltd. (Japan), Suez (France), Orsted A/S (Denmark), Amerseco Inc (US), Licella Holdings Ltd (Australia), Xcel Energy Inc (US), VEOLIA (France), Vattenfall AB (Sweden), and Ramboll Group A/S (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL BIOMASS POWER MARKET, BY FEEDSTOCK 17

1.1.2 GLOBAL BIOMASS POWER MARKET, BY TECHNOLOGY 18

1.1.3 GLOBAL BIOMASS POWER MARKET, BY END USE 19

1.1.4 GLOBAL BIOMASS POWER MARKET, BY REGION 20

2 MARKET INTRODUCTION 21

2.1 DEFINITIONS 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 22

3 RESEARCH METHODOLOGY 23

3.1 RESEARCH PROCESS 23

3.2 PRIMARY RESEARCH 24

3.3 SECONDARY RESEARCH 25

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 27

3.6 LIST OF ASSUMPTIONS 27

4 MARKET INSIGHTS 28

5 MARKET DYNAMICS 31

5.1 INTRODUCTION 31

5.2 DRIVERS 32

5.2.1 INCREASED DEMAND FOR CLEAN ENERGY GENERATION 32

5.2.2 RISING ENERGY & POWER DEMAND 32

5.3 RESTRAINT 32

5.3.1 HIGH CAPITAL REQUIREMENTS AND OPERATING COSTS 32

5.4 OPPORTUNITY 33

5.4.1 FAVORABLE GOVERNMENT POLICIES AND REGULATIONS 33

5.5 IMPACT ANALYSIS OF COVID-19 33

5.5.1 IMPACT ON OVERALL RENEWABLE INDUSTRY 33

5.5.1.1 ECONOMIC IMPACT 33

5.5.2 IMPACT ON THE BIOMASS POWER MARKET 34

5.5.3 IMPACT ON SUPPLY CHAIN OF BIOMASS POWER 34

5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 34

5.5.3.2 PRODUCTION SHUTDOWN 34

5.6 TRADE ANALYSIS: GLOBAL BIOMASS POWER MARKET 34

5.6.1 SOLID AND LIQUID BIOMASS TRADE ANALYSIS- MAJOR COUNTRIES OUTLOOK 36

5.7 SWITCHING COST ANALYSIS: GLOBAL BIOMASS POWER MARKET 37

5.8 BIOMASS INSTALLED CAPACITY, BY TOP 10 COUNTRIES, MW (2016-2020) 38

5.9 GOVERNMENT POLICIES/INCENTIVE FOR KEY COUNTRIES 40

5.9.1 FAVORABLE GOVERNMENT INITIATIVES 40

5.9.1.1 US 41

5.9.1.2 CANADA: 41

5.9.1.3 GERMANY: 42

5.9.1.4 UK 42

5.9.1.5 CHINA: 42

5.9.1.6 INDIA: 43

5.9.1.7 SOUTH AFRICA: 43

5.9.1.8 UAE: 43

5.9.1.9 BRAZIL: 44

6 MARKET FACTOR ANALYSIS 45

6.1 SUPPLY CHAIN ANALYSIS 45

6.1.1 BIOMASS/FEEDSTOCK PRODUCTION 45

6.1.2 PRE-TREATMENT 46

6.1.3 ENERGY GENERATION 46

6.1.4 END USE 46

6.2 PORTER’S FIVE FORCES MODEL 47

6.2.1 THREAT OF NEW ENTRANTS 47

6.2.2 BARGAINING POWER OF SUPPLIERS 48

6.2.3 THREAT OF SUBSTITUTES 48

6.2.4 BARGAINING POWER OF BUYERS 48

6.2.5 INTENSITY OF RIVALRY 48

7 GLOBAL BIOMASS POWER MARKET, BY FEEDSTOCK 49

7.1 OVERVIEW 49

7.2 WOODY BIOMASS 51

7.3 AGRICULTURE RESIDUES 51

7.4 FOREST RESIDUES 51

7.5 BIOGAS, LANDFILL, AND SEWAGE GAS 51

7.6 ENERGY CROPS 52

7.7 INDUSTRIAL AND MUNICIPAL WASTE 52

8 GLOBAL BIOMASS POWER MARKET, BY TECHNOLOGY 53

8.1 OVERVIEW 53

8.2 ANAEROBIC DIGESTION 54

8.3 GASIFICATION 54

8.4 COMBUSTION 54

8.5 CO-FIRING 55

9 GLOBAL BIOMASS POWER MARKET, BY END USE 56

9.1 OVERVIEW 56

9.2 INDUSTRIAL 57

9.3 COMMERCIAL 57

9.4 RESIDENTIAL 57

10 GLOBAL BIOMASS POWER MARKET, BY REGION 58

10.1 OVERVIEW 58

10.2 NORTH AMERICA 59

10.2.1 US 61

10.2.2 CANADA 62

10.2.3 MEXICO 64

10.3 EUROPE 66

10.3.1 GERMANY 68

10.3.2 UK 69

10.3.3 FRANCE 70

10.3.4 ITALY 72

10.3.5 NORWAY 73

10.3.6 SPAIN 75

10.3.7 REST OF EUROPE 76

10.4 ASIA-PACIFIC 78

10.4.1 CHINA 79

10.4.2 JAPAN 81

10.4.3 INDIA 82

10.4.4 AUSTRALIA 84

10.4.5 SOUTH KOREA 85

10.4.6 REST OF ASIA-PACIFIC 87

10.5 MIDDLE EAST & AFRICA 89

10.5.1 SAUDI ARABIA 91

10.5.2 UAE 92

10.5.3 SOUTH AFRICA 93

10.5.4 REST OF MIDDLE EAST & AFRICA 95

10.6 SOUTH AMERICA 97

10.6.1 BRAZIL 98

10.6.2 ARGENTINA 100

10.6.3 REST OF SOUTH AMERICA 101

11 COMPETITIVE LANDSCAPE 104

11.1 COMPETITIVE OVERVIEW 104

11.2 MAJOR GROWTH STRATEGY IN THE GLOBAL BIOMASS POWER MARKET 105

11.3 COMPETITIVE BENCHMARKING 106

11.4 MARKET SHARE ANALYSIS 107

12 COMPANY PROFILES 108

12.1 BABCOCK & WILCOX ENTERPRISES, INC. 108

12.1.1 COMPANY OVERVIEW 108

12.1.2 FINANCIAL OVERVIEW 109

12.1.3 PRODUCTS OFFERED 109

12.1.4 KEY DEVELOPMENTS 110

12.1.5 SWOT ANALYSIS 110

12.1.6 KEY STRATEGIES 110

12.2 MITSUBISHI HEAVY INDUSTRIES, LTD 111

12.2.1 COMPANY OVERVIEW 111

12.2.2 FINANCIAL OVERVIEW 112

12.2.3 PRODUCTS OFFERED 112

12.2.4 KEY DEVELOPMENTS 113

12.2.5 SWOT ANALYSIS 113

12.2.6 KEY STRATEGIES 113

12.3 SUEZ GROUP 114

12.3.1 COMPANY OVERVIEW 114

12.3.2 FINANCIAL OVERVIEW 115

12.3.3 PRODUCTS OFFERED 115

12.3.4 KEY DEVELOPMENTS 116

12.3.5 SWOT ANALYSIS 116

12.3.6 KEY STRATEGIES 116

12.4 ORSTED A/S 117

12.4.1 COMPANY OVERVIEW 117

12.4.2 FINANCIAL OVERVIEW 118

12.4.3 PRODUCTS OFFERED 118

12.4.4 KEY DEVELOPMENTS 119

12.4.5 KEY STRATEGIES 119

12.5 AMERESCO INC. 120

12.5.1 COMPANY OVERVIEW 120

12.5.2 FINANCIAL OVERVIEW 120

12.5.3 PRODUCTS OFFERED 121

12.5.4 KEY DEVELOPMENTS 121

12.5.5 SWOT ANALYSIS 121

12.6 LICELLA HOLDINGS LTD 122

12.6.1 COMPANY OVERVIEW 122

12.6.2 FINANCIAL OVERVIEW 122

12.6.3 PRODUCTS OFFERED 122

12.6.4 KEY DEVELOPMENTS 122

12.6.5 SWOT ANALYSIS 123

12.7 VEOLIA 124

12.7.1 COMPANY OVERVIEW 124

12.7.2 FINANCIAL OVERVIEW 124

12.7.3 PRODUCTS OFFERED 125

12.7.4 KEY DEVELOPMENTS 125

12.8 VATTENFALL AB 126

12.8.1 COMPANY OVERVIEW 126

12.8.2 FINANCIAL OVERVIEW 126

12.8.3 PRODUCTS OFFERED 127

12.8.4 KEY DEVELOPMENTS 127

12.9 XCEL ENERGY INC. 128

12.9.1 COMPANY OVERVIEW 128

12.9.2 FINANCIAL OVERVIEW 129

12.9.3 PRODUCTS OFFERED 129

12.9.4 KEY DEVELOPMENTS 130

12.10 RAMBOLL GROUP A/S 131

12.10.1 COMPANY OVERVIEW 131

12.10.2 FINANCIAL OVERVIEW 131

12.10.3 PRODUCTS OFFERED 132

12.10.4 KEY DEVELOPMENTS 132