Biopower Market Worth $26 Bn by 2031 | Major Players are Dalkia, EnviTec Biogas, Schmack Biogas, Orsted, Ameresco, Enerkem, Helius Energy, Veolia

The biopower market was valued at $14.2 billion in 2021, and is estimated to reach $26.3 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Biopower is a concept introduced by the French philosopher Michel Foucault in his work on social and political theory. It refers to a form of power that operates through the management and regulation of the bodies, behaviors, and lives of individuals within a society. This concept is closely tied to Foucault's broader exploration of the ways in which power functions and shapes human existence.

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Anatomo-Politics of the Human Body: This aspect of biopower focuses on how modern societies regulate and control individual bodies. It involves mechanisms such as medical practices, public health policies, and other forms of bodily regulation that aim to maintain the health and well-being of populations. These mechanisms work to categorize, classify, and normalize bodies according to societal norms and standards.

Biopolitics of Populations: The second aspect of biopower deals with the management and control of populations as a whole. This includes the regulation of birth rates, mortality rates, immigration policies, and other practices aimed at maintaining the overall health, productivity, and stability of a society.

North America would exhibit CAGR of 6.1% during 2022-2031.

Biopower refers to the energy that is generated by using organic materials. It acts as a useful, sustainable, and renewable source of energy that can be used to generate electrical energy, along with other kinds of power.

The major companies profiled in biopower market report include Dalkia, EnviTec Biogas AG, Schmack Biogas GmbH, Orsted A/S, Babcock & Wilcox Enterprises Inc., Ameresco, MVV Energie AG, Enerkem, Drax Group, Helius Energy Plc, Alstom SA, Veolia, Ramboll Group A/S, and Mitsubishi Heavy Industries Ltd.

Due to rapid development of industrialization and urbanization across the globe have led to depletion of natural resources. The exhaustion of fossil fuel resources has led to innovation and investment towards alternative resources which are sustainable and eco-friendly.

Expansion of production capacities, acquisition, partnership, and research & innovation in the detection technologies have led to attain key developments in the global biopower market trends.

Expanding the use of biofuels not only reduces oil demand, however helps diversify the sources of liquid fuel imports, so biofuels are a possible option for addressing oil security issues.

Population growth, rising income levels, and rapid urbanization have created global demand for oil, however due to resource shortages, most countries in the world rely primarily on imports for oil supply.

Advanced fuel advances provide additional opportunities for farmers to increase their income. The above trends and factors drive the market growth.

The increased adoption of ethanol as an alternative vehicle fuel and the benefits of applying advanced fuels in the transport sector can create employment opportunities to create jobs in rural areas and reduce pollution & trade deficits.

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Foucault argued that biopower operates through various institutions and practices, such as medical institutions, government policies, educational systems, and even cultural discourses. These mechanisms not only regulate bodies and populations but also shape societal norms, values, and individual behaviors.

In essence, the concept of biopower highlights how power operates not just through coercion and domination, but also through the subtle mechanisms that regulate and shape our everyday lives and bodies. It has been influential in various fields of study, including political theory, sociology, and cultural studies, as it provides a framework for understanding how power operates in modern societies.

The increase in usage of portable electronic gadgets and electric energy source-based products have increased the demand for electricity. The depletion and uneven presence of natural resources across the globe is one of the driving factors for the growth of bio power market.

Various governments have set their sights on renewable and cost-efficient methods to solve this problem to overcome the future crisis. The above mentioned are the key factors that provide remunerative opportunities for the growth of the landfill gas technology in biopower market.

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Covid-19 Analysis

The global COVID-19 pandemic has negative impact on the biopower market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market has exhibited a decline by about 25% in 2020 compared to 2019 due to shutdown of various food processing industries and agricultural activities from where feedstock is used as raw material for the production of biopower.

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