The latest report on Biomass Power Generation Market by Infinium Global Research gives complete coverage of the Biomass Power Generation Market by process (combustion, gasification, anaerobic digestion and pyrolysis), feedstock (agricultural & forestry residues, urban wastes, animal manure and energy crops) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Biomass Power Generation such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Biomass is One of the Most Plentiful and Well-Utilized Sources of Renewable Energy in the World
Biomass is an organic material that comes from plants and animals. It contains stored energy from the sun when it is burned, the chemical energy present in it is converted into heat energy. The electricity that is produced by utilizing surplus biomass sources into energy is considered biomass power. Biomass combustion in a boiler results in the production of steam. This steam drives a turbine generator thus resulting in the production of electricity. This electricity is fed into the high voltage transmission grid which is then transported to the end-users.
Biomass is one of the most plentiful and well-utilized sources of renewable energy in the world. Generation of power through the use of biomass represents the cost-effective and cleanest way to provide renewable electricity in biomass potential regions with high levels of biomass resources and its processing activity. Furthermore, the use of this resource helps a nation become more energy independent.
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In Biomass Power Generation Market Owing to the Increase in Demand for an Environment-Friendly Renewable Source of Energy
The global biomass power generation market is primarily driven by the need to control the emission of GHG and also due to the abundant availability of energy-rich biomass. However, the major challenge which restrains the growth of the biomass power generation market is the problems associated with the management of biomass collection, storage, transportation, and processing. Nevertheless, the demand for the cost-effective and sustainable supply of energy creates an opportunity for the growth of the biomass power generation market.
Geographically, countries of North America region holds the largest market share in biomass power generation market owing to the increase in demand for an environment-friendly renewable source of energy. Asia- Pacific is also one of the fastest growing regions owing to the advancements in power generation technologies using biomass in this region. In addition, countries like Finland, Brazil are significantly growing due to the extinction of fossil fuels and the need for sustainable energy.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Biomass Power Generation.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.