Global Biomass Electricity Market Size, Forecasts, And Opportunities
Learn about the global biomass electricity market through The Business Research Company, which provides information on biomass electricity market size, biomass electricity market drivers and restraints, biomass electricity market players, the COVID-19 impact on the biomass electricity market, and more.
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The global biomass electricity market size is expected to grow from $33.62 in billion 2021 to $36.99 billion in 2022 at a compound annual growth rate (CAGR) of 10%. The growth in the biomass electricity market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biomass electricity market is expected to reach $52.55 billion in 2026 at a CAGR of 9.2%.
The increasing government support through various government subsidies and policies are expected to drive innovation in biomass electricity manufacturing, thus driving the market during the forecast period.
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The biomass electric power generation market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (O2) is inadequate for the combustion of biomass.
Global Biomass Electricity Market Segments Include:
By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
By End-User: Households, Industrial Sectors, Government Sectors, Others
By Technology: Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the biomass electricity market in 2021.
The companies in the biomass electric power generation market are developing new methods to produce electric power through new hybrid biogas plants by combining biogas with other forms of renewable energy sources such as solar energy. The combination of solar energy with biogas reduces the operating cost and efforts required to deal with the waste products from the farms.
TBRC’s biomass electricity market report covers:
Major Market Players: Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc., E.On Se, Graanul Invest Group, RWE Innogy, Lignetics, Orsted A/S, Oulun Energia Oy, NTPC, Skive Fiernvarme, and Babcock & Wilcox Enterprises Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Biomass Electricity Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides biomass electricity market overviews, analyses and forecasts market size, share, biomass electricity market players, biomass electricity market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s biomass electricity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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