This report provides exclusive insights into the COVID-19 impact on the Biopower Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Biopower Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Biopower Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on biopower market provides an in-depth analysis of
segments and sub-segments in the global as well as regional biopower market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional biopower market over the short term as
well as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global biopower market. According to the report, the
global biopower market is projected to grow at a healthy CAGR over the forecast
period of 2019-2025.
Biopower is the use of biomass to
generate electricity. Biomass has always been an important source of energy. It
is renewable, widely available, carbon-neutral and has the potential to provide
significant employment in the rural areas. Biopower is carbon neutral
electricity generated from renewable organic. When burned, the energy in
biomass is released as heat. Generation of power with biomass represents the
cost-effective and cleanest way to provide renewable electricity in biomass
potential regions with high levels of biomass resources and its processing
In recent years, the rise in
population and increasing energy needs has resulted in an increase in demand for a
sustainable source of energy that in turn acts as a major driver for the growth
of the biopower market. Growing environmental concerns and increasing stringent
regulations to cut down the emission of greenhouse gases favors the growth of
the biopower market. In addition, the use of biopower is helping several
countries to become more energy independent. Biopower accounts for 10% of the
world’s total primary energy supply, is mainly used in the residential sector
for heating and cooking, and is produced locally. Biopower uses waste that
would otherwise be dumped in landfills, openly burned, or left as fodder for
forest fires, thus controlling environmental pollution largely. Furthermore,
increasing investments in renewable energy, growing support, and incentives by
several government bodies are encouraging the growth of the biopower market.
For instance, biomass power & cogeneration program in India is implemented
with the main objective of promoting technologies for optimum use of the country’s
biomass resources for grid power generation. However, high setup cost of the
power generation units hampers the growth of the biopower market. Moreover,
increasing technological advancements in renewable energy sources are creating
growth opportunities for the biopower market.
Among the regions, the North America region holds the largest market share in the biopower market owing to the rising
government incentives to support renewable energy, growth in the technological
advancements in power generation technologies using biomass in this region.
Asia-Pacific is the fastest growing region owing to the rising population and
increase in demand for the additional energy source. In addition, countries like
Finland, Brazil are significantly investing in biopower that contributes to the
growth of the biopower market.
The report on global biopower
market covers segments such as technology, and end user. On the basis of
technology, the sub-markets include direct combustion, anaerobic digestion,
gasification, and other technologies. On the basis of end user, the sub-markets
include residential, commercial, and industrial.
The report provides profiles of
the companies in the market such as Dalkia, EnviTec Biogas AG, WELTEC BIOPOWER
GmbH, Schmack Biogas GmbH, Ørsted A/S, ElectraTherm, Inc., Babcock & Wilcox
Enterprises, Inc., Enerkem Inc., Ameresco, Inc., and MVV Energie AG.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of biopower market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.