Biopower Market Size, Trends, Growth Status, Share, Research, and Forecast 2031

The global biopower market revenue was around US$ 14.5 billion in 2021 and is estimated to reach US$ 26.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2031.

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Biopower is energy that is produced from varied biomass utilizing various technologies, including landfill gas, anaerobic digestion, and direct burning. It generates electricity using biogas, liquid biofuel, and solid biofuel as its raw materials. Solid biofuel is a waste product made of plants and animals that are directly burned to create electricity for household and commercial use.

Factors Influencing Market Growth

The uneven and depletion presence of natural resources throughout the world fuels the market growth.

Government initiatives to use bio-based fuel and the usage of biogas as a low-cost alternative to conventional sources are the main drivers of the expansion of the market.

The rise in the use of alternative fuels is the primary driver to boost the market.

The governments of the world have taken some steps towards clean energy. Therefore, they invested in ineffective waste management strategies that have led to correct waste disposal and opened doors to more abundant biogas resources. Thus, these factors drive the expansion of the biopower market.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the biopower market. Due to the government enacted a lockdown and restrictions, the shortage of labor and material resources. In addition, the manufacturing sector suffered greatly, which hindered market expansion and profitability. The market is anticipated to rebound due to lockdown regulations have been relaxed throughout the projected period.

In addition, the government of several nations has also released strategies for sustainable development in the upcoming years, which will benefit the market. Developing nations like China and India have invested in biofuel and biogas production facilities due to limited access to fossil fuel resources, which has resulted in a rise in market growth after the pandemic.

Regional Insights

North America dominates the biopower market. The Environmental Protection Agency (EPA) has created the Landfill Methane Outreach Programme and predicts that hundreds of landfills could support gas-to-energy projects. This program was created to promote the development of environmentally friendly and commercially advantageous landfill gas for electricity projects while reducing methane emissions from landfills in a cost-effective way. The policies and investments indicated above will likely have a significant role in this region's market growth during the forecast period.

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Leading Competitors
The leading competitors in the global biopower market are:
Dalkia
EnviTec Biogas AG
Schmack Biogas GmbH
WELTEC BIOPOWER GmbH
Orsted A/S
ElectraTherm
Babcock & Wilcox Enterprises Inc
Ameresco
MVV Energie AG
Enerkem
Drax Group
Sodra
Helius Energy Plc
Alstom SA
Vattenfall AB
Veolia
Suez
Ramboll Group A/S
General Electric
Mitsubishi Heavy Industries Ltd
Others
Segmentation Analysis
The global biopower market segmentation focuses on Feedstock, Technology, End Use, and Region.
Segmentation based on Feedstock
Solid Biofuel
Liquid Biofuel
Biogas
Segmentation based on Technology
Direct Combustion
Gasification
Anaerobic Digestion
Landfill Gas
? Electricity
? Direct Use

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? Combined Heat and Power
? Alternate Fuels
Others
Segmentation based on End Use
Residential
Commercial
Industrial
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

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South America
Brazil
Argentina
Rest of South America

Table of Content

Chapter 1: Global Biopower Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Biopower market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Biopower Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Biopower market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Biopower market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Biopower market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Biopower market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Biopower business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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