NORTH AMERICA BIOMASS POWER MARKET 2022-2028

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Favorable government policies and regulations are expected to aid the biomass power market’s growth in North America.

SKU: TR-275-2022 Category: Tag:

Description

MARKET OUTLOOK

According to CRI’s analysis, the market for biomass power in North America is likely to develop with a CAGR of 5.61% in the estimated duration from 2022 to 2028. The United States and Canada are analyzed in the market in this region.
North America has traditionally been majorly dependent on coal for power generation. However, the discovery of shale gas reserves in the region has shifted the focus to gas-based power generation in the past decade. Such factors are expected to aid the studied market’s growth in the coming years.
In Canada, the addition of new biomass power plants is expected to favor the biomass power market’s growth. For instance, in February 2020, Mitsubishi Heavy Industries Ltd announced that it would provide indigenous First Nations communities in the country with a biomass power generation system with a capacity of 8,000 kW, utilizing sawmill residual woody biomass as a fuel.
Whereas, in the United States, New York, Florida, and California, have set renewable energy targets. The abundant availability of feedstock for producing biomass, coupled with favorable regulations & policies in the country, is projected to fuel the biomass power market in the US over the forecasted period.
Additionally, statistics from the US Department of Energy indicate that, the nation had 16 GW of biomass power generation capacity as of 2020. And, at present, more than 384 MW of biomass power projects are under various development phases. These factors are anticipated to foster the growth of the biomass power market over the forecast period.

COMPETITIVE OUTLOOK

General Electric Company, E.ON Energy, Thermax Ltd, Vattenfall AB, Mitsubishi Heavy Industries Ltd, Orsted, and Suez SA are some of the noteworthy players in the biomass power market.

TABLE OF CONTENTS

1. NORTH AMERICA BIOMASS POWER MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE BIOMASS POWER MARKET
2.2. KEY INSIGHT
2.2.1. INCREASED DEMAND FOR BIOMASS DUE TO RISING ENVIRONMENTAL CONCERNS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. KEY BUYING IMPACT ANALYSIS
2.4.1. FAVORABLE REGULATIONS
2.4.2. APPLICATIONS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. INDUSTRY COMPONENTS
2.8. REGULATORY FRAMEWORK
2.9. KEY MARKET STRATEGIES
2.9.1. ACQUISITIONS
2.9.2. PRODUCT LAUNCHES
2.9.3. CONTRACTS & AGREEMENTS
2.9.4. BUSINESS EXPANSIONS
2.10. MARKET DRIVERS
2.10.1. FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
2.10.2. MINIMUM EXPENDITURE REQUIRED TO PRODUCE ENERGY FROM BIOMASS-FIRED POWER PLANTS
2.11. MARKET CHALLENGES
2.11.1. AVAILABILITY OF ALTERNATE RENEWABLE ENERGY SOURCES
2.11.2. SEASONAL AVAILABILITY OF BIOMASS MATERIAL
2.12. MARKET OPPORTUNITY
2.12.1. PREFERENCE FOR BIOMASS AND BIOGAS TO ATTAIN CIRCULAR ECONOMY GOALS
3. NORTH AMERICA BIOMASS POWER MARKET OUTLOOK – BY FEEDSTOCK
3.1. SOLID BIOMASS
3.2. LIQUID BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL SOLID WASTE
4. NORTH AMERICA BIOMASS POWER MARKET OUTLOOK – BY TECHNOLOGY
4.1. ANAEROBIC DIGESTION
4.2. COMBUSTION
4.3. GASIFICATION
4.4. CO-FIRING & CHP
4.5. LFG
5. NORTH AMERICA BIOMASS POWER MARKET OUTLOOK – BY APPLICATION
5.1. RESIDENTIAL
5.2. COMMERCIAL
5.3. INDUSTRIAL
6. NORTH AMERICA BIOMASS POWER MARKET – COUNTRY OUTLOOK
6.1. UNITED STATES
6.2. CANADA
7. COMPETITIVE LANDSCAPE
7.1. MITSUBISHI HEAVY INDUSTRIES LTD
7.2. GENERAL ELECTRIC COMPANY
7.3. THERMAX LTD
7.4. SUEZ SA
7.5. XCEL ENERGY INC
7.6. RAMBOLL GROUP
7.7. BABCOCK & WILCOX ENTERPRISES
7.8. ORSTED
7.9. AMERESCO INC
7.10. VATTENFALL AB
7.11. E.ON ENERGY
7.12. VEOLIA ENVIRONNEMENT SA
7.13. VALMET OYJ
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 2: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN MILLION MWH)
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF PRODUCT LAUNCHES
TABLE 7: LIST OF CONTRACTS & AGREEMENTS
TABLE 8: LIST OF BUSINESS EXPANSIONS
TABLE 9: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 10: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 11: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 12: NORTH AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 13: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 14: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)

FIGURE LIST

FIGURE 1: KEY BUYING IMPACT ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: POWER GENERATION FLOW IN A BIOMASS POWER PLANT
FIGURE 5: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2021 & 2028 (IN %)
FIGURE 6: NORTH AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2028 (IN $ BILLION)
FIGURE 7: NORTH AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2022-2028 (IN $ BILLION)
FIGURE 8: NORTH AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2022-2028 (IN $ BILLION)
FIGURE 9: NORTH AMERICA BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ BILLION)
FIGURE 10: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 11: NORTH AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2022-2028 (IN $ BILLION)
FIGURE 12: NORTH AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2022-2028 (IN $ BILLION)
FIGURE 13: BIOMASS GASIFICATION PROCESS
FIGURE 14: NORTH AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2022-2028 (IN $ BILLION)
FIGURE 15: NORTH AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2022-2028 (IN $ BILLION)
FIGURE 16: NORTH AMERICA BIOMASS POWER MARKET, BY LFG, 2022-2028 (IN $ BILLION)
FIGURE 17: NORTH AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 18: NORTH AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2028 (IN $ BILLION)
FIGURE 19: NORTH AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2028 (IN $ BILLION)
FIGURE 20: NORTH AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2028 (IN $ BILLION)
FIGURE 21: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED STATES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 23: CANADA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

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Companies Mentioned

1. VATTENFALL AB
2. VEOLIA ENVIRONNEMENT SA
3. GENERAL ELECTRIC COMPANY
4. ORSTED
5. VALMET OYJ
6. MITSUBISHI HEAVY INDUSTRIES LTD
7. THERMAX LTD
8. AMERESCO INC
9. E.ON ENERGY
10. SUEZ SA
11. XCEL ENERGY INC
12. RAMBOLL GROUP
13. BABCOCK & WILCOX ENTERPRISES

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