Tue, 26 Oct 2021


The new report by Expert Market Research titled, 'Global Biomass Power Market Report and Forecast 2021-2026', gives an in-depth analysis of the Global Biomass Power Market, assessing the market based on its segments like source, end use and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/biomass-power-market/requestsample

The key highlights of the report include:

Market Overview (2015-2026)

  • Historical Market Size (2020 ): USD 54.2 billion
  • Forecast CAGR (2021-2026): 8.6%
  • Forecast Market Size (2026): USD 89.0 billion

The global biomass power market witnessed decent growth in the historical period, due to abundant availability of biomass and other raw material used as biomass, propelled by increase in awareness and demand for cleaner energy.

Industry Definition and Major Segments

Biomass gasification is the process of converting solid fuels (biomass) including wood, wood waste, and agricultural leftovers into a combustible gas mixture known as producer gas or syngas. This is accomplished through a series of thermo-chemical reactions using heat, pressure, and partial combustion, which occur when the air supply (O2) is insufficient to complete the biomass combustion process. Its market is further divided into segments such as:

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/biomass-power-market

Based on source of biomass, the market is classified into:

  • Solid Biomass
  • Biogas
  • Municipal Waste
  • Liquid Biomass

Based on end-use sector, the market is segmented into:

  • Industrial Sector
  • Transportation Sector
  • Others

The regional market for Biomass Power includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Latest News on Global Biomass Power Market@ https://www.expertmarketresearch.com/pressrelease/global-biomass-power-generation-market

Market Trends

Globally, Europe held the largest market share due to favourable environmental policies adopted across the area to maximise bioenergy potential in nations such as Finland, France, Sweden, and Germany. North America is expected to grow significantly over the next several years, with the United States leading the way in terms of revenue. Because of the great availability and diverse feedstock base of biomass in emerging economies such as China and India, Asia Pacific is expected to be the fastest-growing region from 2020 to 2027. Furthermore, biogas digesters are substantially subsidized in several parts of the region. This would be act as an incentive for consumers to opt for biofuel and thus, propel the market in the forecast period.

Biomass generates bioenergy, which is utilised in a variety of end-use markets to reduce reliance on fossil fuels, reduce greenhouse gas (GHG) emissions, and increase energy supply security. Furthermore, the drop in coal usage, along with the increased use of wood biomass for distributed energy generation, is expected to have a favourable impact on the industry landscape. Also, increased power consumption across various end-use sectors is likely to contribute to the growth of the worldwide biomass power market throughout the forecast period. However, high capital needs and operating costs associated with biomass power generation are likely to hinder market expansion throughout the forecast period. However, favourable government laws encouraging thermal power plants to switch from coal to cleaner fuels such as biomass are projected to play a massive role regarding the market's growth in the forecast period.

Key Market Players

The major players in the global market are Essent, Electrabel, Babcock & Wilcox Vølund A/S, Drax Group plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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