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Government Support Boosts Global Biomass Power Generation Market to Surpass US$50 Mn by 2022: Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- On the basis of feedstock, the biomass power generation market is categorized into agriculture and forest residues, woody biomass, urban residues, biogas and energy crops, and landfill gas feedstock. Market estimates show that woody biomass currently holds the largest share of the biomass power generation market in terms of utilization, followed by agriculture and forest residues. Most economies opt for woody biomass as feedstock because it allows them to limit climate change, keep away from fossil fuels, and expand the share of biomass in the total power generation mix.

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On the basis of technology, the biomass power generation market is segmented into combustion, anaerobic digestion, co-firing and CHP, gasification, and landfill gas. The combustion segment held the largest share of the biomass power generation market in 2013, in terms of both power generation and installed capacity. However, given that this segment is nearing maturity, it is expected to lose significant market share by the end of the forecast period. Emerging technologies such as co-firing and CHP are anticipated to become one of the most feasible options for biomass power generation by 2022. Co-firing and CHP is increasingly being used as a way to minimize greenhouse gas emissions.

Geographically, the global biomass power generation market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Countries in North America and Europe boast of favorable regulatory framework and government support, which encourages the development as well as use of biomass for power generation. Incentives, grants, funding programs, investment subsidies, and tax benefits play a major role in boosting the biomass power generation market in countries such as the U.K., the U.S., and Germany. Emerging economies such as Indonesia, India, Poland, and Australia have also been proposing government legislations to fuel investments in biomass power generation.The most prominent players operating in the global biomass power generation market include DONG Energy A/S, The Babcock & Wilcox Company, Ameresco, Inc., Helius Energy Plc, Forth Energy Ltd., Vattenfall AB, Drax Group plc, MGT Power Ltd., Alstom SA, and Enviva LP.

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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

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Source:Transparency Market Research