Global Biomass Electricity Market 2023: By Size, Share, CAGR, Trends And Growth Forecast To 2032
As per the biomass electricity market report by The Business Research Company, the increasing government support through various government subsidies and policies is driving the growth of the biomass electricity market. Due to the growing concerns about climate change and the rising levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels such as coal and oil, new government policies are being framed to encourage sustainable power generation
The global biomass electricity market size will grow from $41.44 billion in 2022 to $45.17 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biomass electricity market size is expected to grow to $61.32 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the biomass electricity market include Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc., E.On SE, Graanul Invest Group, RWE Innogy, Lignetics, Orsted A/S, Oulun Energia Oy, NTPC, Skive Fiernvarme, and Babcock & Wilcox Enterprises Inc
The biomass electricity market is segmented -
By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
By End-User: Households, Industrial Sector, Government Sector, Others
By Technology: Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the biomass electricity market.
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Biomass electricity refers to the electricity generated by a process that involves the burning of biomass for the generation of product gas or syngas for the production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure, and partial combustion, which takes place when the air supply (O2) is inadequate for the combustion of biomass.
The Table Of Content For The Biomass electricity market Include:
1. Executive Summary
2. Biomass Electricity Market Characteristics
3. Biomass Electricity Market Trends And Strategies
4. Biomass Electricity Market - Macro Economic Scenario
5. Biomass Electricity Market Size And Growth
26. Africa Biomass Electricity Market
27. Biomass Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biomass Electricity Market
29. Biomass Electricity Market Future Outlook and Potential Analysis
The "Global Biomass electricity market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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