The
global biomass power installed capacity stood at 72,571.9 MW in 2013
and is projected to reach 122,331.6 MW by 2022, expanding at a CAGR
of 6.2% between 2014 and 2022. The global biomass power generation
stood at 413,778.1 million KWh in 2013 and is anticipated to register
a growth rate of 6.8% between 2014 and 2022 to reach 738,350.3
million KWh by 2022.
Browse
Biomass Power Generation Market Report with Full TOC at
http://www.transparencymarketresearch.com/biomass-power-generation-market.html
The
report also provides an estimated biomass power generation market
based on the levelized cost of electricity. According to the study,
the global biomass power generation market was valued at USD 28,681.8
million in 2013 and is projected to reach USD 50,527.6 million by
2022, expanding at a CAGR of 6.4% between 2014 and 2022.
Biomass
in general refers to agriculture and wood wastes, waste from food
processing industries, urban and industrial residues, short rotation
woody crops, wood, sawdust, municipal solid waste (MSW), and a host
of other materials. It can be used as a source for energy input for
the provision of heat, electricity generation, and as a fuel in the
transportation sector. According to current estimates, biomass nearly
accounts for 12% of the global energy supply. Biomass is a
carbon-neutral, environment-friendly and sustainable source of power
generation with a significant potential to reduce dependence on
fossil fuel for power generation.
Increasing
utilization of biomass including manure and plant materials to
generate electricity and to produce biomass fuels for transportation
can provide a low-carbon and sustainable alternative to fossil fuels.
According to current estimates, woody biomass is the single largest
feedstock for power generation through biomass and occupies the major
market share globally in terms of utilization of feedstock by biomass
power plants. Governments would play a major role in the growth of
the woody biomass feedstock segment. Governments of various countries
in Europe, North America, and East Asia are shifting their focus
towards woody biomass to diversify economies away from fossil fuels,
mitigate climate change, and increase the share of biomass power in
the overall power generation mix. Agriculture and forest residues are
the second most preferred biomass feedstock across the globe. The use
of agriculture and forest residues to produce biomass power offers
significant opportunity for local and regional economies along with
the potential to tap resources around the country.
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In
terms of both installed capacity and power generation, the direct
combustion segment accounted for the major market share in 2013 and
is expected to continue to dominate the market over the forecast
period. However, this technology is relatively mature and is
estimated to lose market share to emerging technologies. Co-firing &
CHP is the simultaneous production of heat and electricity from a
single source of energy. Co-firing is expected to emerge as one of
the most feasible options to generate biomass power in the near
future. It is increasingly used as a means to reduce greenhouse gas
(GHG) emissions.
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. The report provides
an overview of these companies, followed by their financial overview,
business strategies, and recent developments.
The
global biomass power generation market has been segmented as follows:
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)
Global
Biomass Power Generation Market: Regional Segment Analysis
North
America
U.S.
Rest
of North America
Europe
Sweden
Finland
U.K.
Germany
Italy
Rest
of Europe
Asia
Pacific
China
India
Japan
Rest
of Asia Pacific
Middle
East and Africa (MEA)
South
Africa
Rest
of MEA
Latin
America
Brazil
Rest
of Latin America
Browse
Press Release Of Biomass Power Generation Market
http://www.transparencymarketresearch.com/pressrelease/biomass-power-generation-market.htm
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