Global Biomass Power Generation Market by Feedstock Industry Development Scenario and Forecast to 2022

In order to study the various trends and patterns prevailing in the overall market for Biomass Power Generation, Market Research Reports Search Engine (MRRSE) has included a new report titled “Biomass Power Generation Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global biomass power generation market has been prognosticated by MRRSE to reveal a fragmented nature because of the presence of a hefty count of players looking to establish their business in the industry. Some of the prominent names in the market could be Forth Energy Ltd., Helius Energy Plc, Ameresco, Inc., The Babcock & Wilcox Company, and DONG Energy A/S. In order to set a stronger foothold in the market, most players have been anticipated to take to various business strategies, including acquisition, partnership, and product innovation.

Japan was selected as a choice market to inaugurate a biomass power generation project by a joint venture between Mitsubishi Corporation Power Systems, Inc. and The Kansai Electric Power Co., Inc. (KEPCO) in April 2017. This undertaking has been aimed at curbing overall carbon emissions by preferring the usage of woody biomass over crude or heavy oil.

According to a new study penned by MRRSE, the global biomass power generation market has been predicted to attain a valuation of US$50.52 bn by 2022. On the basis of feedstock, woody biomass could attract a larger share in the market, thanks to its cost-efficient and eco-friendly boons. Geographically, North America has been forecasted to take the lead on the back of encouraging government support and promising regulatory framework.

Decline in Greenhouse Gas Emission, Energy Production Cost Invites Demand

Most economies around the globe, viz. Indonesia, India, Australia, the U.K., and the U.S., are proposing legislations or providing incentives and grants in support of the application of biomass power generation. Besides this, the world biomass power generation market could be privileged by several advantages of the technique such as better public health, cleaner air, and augmented visibility.

Apart from ensuring a tangible reduction in the emission of greenhouses gases, the application of biomass in power generation could also help in the cost control of energy production. Moreover, biomass power generation has been expected to support a telling decline in environmental hazards including air pollution. This could be due to the engagement of human and natural waste in biomass power generation.

Applications such as industrial processes and transportation have been envisioned to offer lucrative opportunities with the need to eliminate the usage of conservative energy sources such as diesel. Developing economies could increase the demand in the world biomass power generation market in view of rapid urbanization and industrialization surging the requirement of easily accessible, cost-effective, and more reliable energy supply.

Feeble Supply Chain Stunts Growth of Industry Players

Despite the positive means of generating growth in the international biomass power generation market, participants have been prophesied to encounter a few challenges such as the existence of a weak supply chain and a low degree of awareness about the technique.

However, biomass power generation could battle strong against the traditional techniques of generating power while riding on the affordable costs of agricultural waste and forestry. Even in respect of the high cost of feedstock in certain countries, biomass power generation has been foreseen to beat coal-fired power generation. More prospects could be birthed in the international biomass power generation market as the inclination toward off-grid power supply continues to elevate, promoting biomass as a feasible alternative.

he report provides a detailed growth forecast for the period 2014–2022 based on the historical years – 2012 and 2013. Projections have been provided for installed capacity (MW), power generation (Million KWh), and revenue (USD Million). The report includes the key market dynamics affecting the demand for biomass power generation feedstock and technologies. As a part of our market dynamics analysis, we have analyzed market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report.

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The report also provides a detailed industry analysis of the global biomass power generation market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global power generation technology market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.

The study also includes the value chain of the global biomass power generation market which provides a glimpse of procurement and logistics, biomass conversion techniques as well as interaction of suppliers and buyers with end-users. The company market share analysis has been done considering the biomass installed capacity, number of biomass power plants (installed and upcoming), revenues, and global penetration of key market players in the biomass industry. The market attractiveness analysis involves benchmarking and ranking each technology and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each technology in the current scenario as well as in the near future.

Key participants in the global biomass power generation market include Alstom SA, Ameresco, Inc., DONG Energy A/S, Drax Group plc, Forth Energy Ltd., Helius Energy Plc, Enviva LP, MGT Power Ltd., The Babcock & Wilcox Company, and Vattenfall AB. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

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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