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 to produce electricity. The market has witnessed growth with the rise in environmental concerns, which has forced various countries to increase their share of renewable energy in their power mix.
Depleting fossil fuels over the last few decades due to their overexploitation has led to a supply crunch exacerbated by the crisis in the middle east at frequent intervals. In addition to being in short supply and non-renewable, fossil fuels are also polluting, affecting people's health worldwide. Because of these factors, clean and renewable energy sources such as biomass are the appropriate choice for power generation. Rising awareness of the advantages of biomass power generation will propel the market during the forecast period. Favorable government policies that provide finance and subsidies for the installation of biomass power plants will give market participants lucrative prospects.
One of the factors driving the growth of the global biomass power market includes the rise in the need to control the emission of greenhouse gases (GHG). An upsurge in demand for environment-friendly renewable sources of energy act as an opportunity for the biomass power market, as the use of renewable energy, would help to improve public health and reduce global warming.
The Global Biomass Electricity Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Acciona Sa, Ameresco Inc., Babcock & Wilcox Enterprises, Inc., CEZ, Dong Energy A/S, Drax Group, EDF, Engie, Enviva, EPH, General Electric, Iberdrola, Mitsubishi Power, Ltd., Ørsted A/S, Ramboll Group A/S, RWE, Suez.
SPER Market Research study aims to provide market dynamics, demand, and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment- By Feedstock(Solid Biomass, Biogas, Municipal Solid Waste, and Liquid Biomass.), By End-User(Household, Industrial, Government, and Others.), By Technology(Anaerobic Digestion, Combustion, Co-Firing, Gasification, and Landfill Gas).
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific, and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.