Biopower Market Growth, Share, Demand and Analysis of Key Players to 2024
Biopower
refers to the energy produced by biomass, which is organic matter
that can be used as fuel. With the growing population across the
globe and rapid urbanization, while natural resources of energy
remain limited, the need for alternative energy resources is
escalating. Although the concept of biopower has been around for
decades, technological advancements have improved the efficiency and
made the concept more reliable now than ever before. Biopower is now
emerging as an attractive alternative for intermittent supply of
electricity from renewable energy sources. Consequently, the global
biopower market is projected for a healthy growth rate during the
forecast period of 2016 to 2024.
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Report Overview @
This
report on global biopower market is a comprehensive analysis of the
current scenario and based on an analysis of all the major factors
that are expected to influence the demand, it estimates the future of
the market. The report also answers some of the essential questions
about the trends and opportunities available in the market. One of
the key feature of the report is the section on player profiles,
wherein some of the leading players have been overviewed for their
market share, regional outreach, production capacity, price and
revenue, and latest strategic developments. The global market for
bipower can be segmented on the basis of technology, into biogas and
biomass, and by application into institutional users, independent
power producers, and industrial. Geographically, the report studies
the opportunities available in the regions of North America, Europe,
Asia Pacific, and Rest of the world.
Global
Biopower Market: Trends and Opportunities
Increased
investments on renewable energy resources is expected to reflect
significantly on biopower market, as it is a niche renewable energy
market. Additionally, biopower is not only a cheaper source of
energy, it is reliable and is helping several European countries and
the U.S. to reach their renewable portfolio standards (RPS). It has
also been observed by the report that power generation from biopower
technologies has a positive impact on climate and environments, and
hence is gaining subsidies from several governments.
On
the basis of technology, the segment of biomass accounts for the
maximum of the market share, as most of the power is generated from
solid biomass such as wood in commensuration, while moderate amount
of biopower is generated from municipal solid waste (MSW), biofuels,
and biogas. Globally, the biopower plants are operated and owned by a
range of stakeholders including independent power producers,
small-scale community users (institutional users), industrial users
(lumber companies, and pulp and paper mills), and utilities.
Global
Biopower Market: Region-wise Outlook
Currently,
North America and Europe serve most of the demand for bipower, owing
to heavy investments and efforts for developing renewable energy
resources, and the availability of latest technology. Country-wide
markets of the U.S., the U.K., and Germany are most lucrative, driven
by regulatory support and escalating demand for renewable energy
resources. Asia Pacific is also expected to extend the demand during
the forecast period, with India and Brazil as the prominent
countries.
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Companies
mentioned in the research report
A2A,
Dalkia, Biopower Operations Corporation, EnviTec Biogas AG, Schmack
Biogas GmbH, MVV Energie SG, and Weltec Biopower GmbH are some of the
key companies currently operating in the global biopower market.
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