Biomass Power Generation Market
With technological advances and ongoing research and development (R&D) to commercialize the use of biomass for power generation, the biomass power generation market is anticipated to register higher growth in the next few years. Increasing utilization of biomass, including manure and plant materials, to generate electricity and produce biomass fuels for transportation can provide a low-carbon and sustainable alternative to fossil fuels. Both developing and developed economies are increasingly focusing on biomass for power generation in order to reduce greenhouse gas emissions. This is primarily since biomass is carbon-neutral. Biomass power generation produces as much carbon as the plants absorb from the atmosphere.
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Power generation through biomass also provides significant benefits to local communities. Biomass is also expected to help a country phase out the use of coal for generating electricity. Biomass power makes productive utilization of wood manufacturing wastes, crop residues and the clean portion of urban wastes. Sustainable biomass resources and scales of operation can be identified by assessing the total biomass production in a particular region, while balancing energy and environmental tradeoffs.
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The research study is designed to analyze the global biomass power generation market. The market is calculated in terms of installed capacity (MW), power generation (Million KWh), and revenue (USD Million). The market for biomass power generation, based on feedstock, has been segmented into woody biomass, agriculture & forest residues, biogas & energy crops, urban residues, and landfill gas feedstock. On the basis of technology, the biomass power generation market has been segmented into anaerobic digestion, combustion, gasification, co-firing & CHP, and landfill gas (LFG). The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
These regional segments are further divided into country-wise segments for the respective region. North America is further sub-segmented into the U.S. and Rest of North America; Europe is sub-segmented into Sweden, Finland, the U.K., Germany, Italy, and Rest of Europe; Asia Pacific is sub-segmented into China, India, Japan, and Rest of Asia Pacific; Middle East and Africa (MEA) is further sub-segmented into South Africa and Rest of MEA; and Latin America is sub-segmented into Brazil and Rest of Latin America.
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