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Biomass Power Generation Market Poised to Grow at a CAGR of 9.89% by 2024


Infinium Global Research has added a new report On Biomass Power Generation Market. The report presents analysis of global as well as regional markets of biomass power generation market over the period of 2016 to 2024. Biomass is an organic material that comes from plants and animals. It contains stored energy from the sun when it is burned, the chemical energy present in it is converted into heat energy. The electricity that is produced by utilizing surplus biomass sources into energy is considered biomass power. Biomass combustion in a boiler results in the production of steam. This steam drives a turbine generator thus resulting in the production of electricity. This electricity is fed into the high voltage transmission grid which is then transported to the end-users.



Biomass is one of the most plentiful and well-utilized sources of renewable energy in the world. Generation of power through the use of 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 activity.  Furthermore, the use of this resource helps a nation become more energy independent. The global biomass power generation market is primarily driven by the need to control the emission of GHG and also due to the abundant availability of energy-rich biomass. However, the major challenge which restrains the growth of the biomass power generation market is the problems associated with the management of biomass collection, storage, transportation, and processing. Nevertheless, the demand for the cost-effective and sustainable supply of energy creates an opportunity for the growth of the biomass power generation market.

 


Geographically, countries of North America region holds the largest market share in biomass power generation market owing to the increase in demand for an environment-friendly renewable source of energy . Asia- Pacific is also one of the fastest growing regions owing to the advancements in power generation technologies using biomass in this region. In addition, countries like Finland, Brazil are significantly growing due to the extinction of fossil fuels and the need for a sustainable energy. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global biomass power generation market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global biomass power generation market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1852

 

The recent report identified that North America dominated the global biomass power generation market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the biomass power generation market worldwide.

 

The report segments the global biomass power generation market on the basis of Process and Feedstock.

 

Global Biomass Power Generation Market by Process

·          Combustion

·         Gasification

·         Anaerobic Digestion

·         Pyrolysis

 

Global Biomass Power Generation Market by Feedstock

·         Agricultural & Forestry Residues

·         Urban Wastes

·         Animal Manure  

·         Energy Crops

 

Companies Profiled in the Report

·         Helius Energy Plc

·         Ameresco, Inc.

·         EON

·         The Babcock & Wilcox Company

·         Engie

·         Drax Group plc

·         Forth Energy Ltd.

·         Alfagy Ltd.

·         Bilfinger

·         Indus Green Bio Energy Pvt. Ltd

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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