Biomass Power Market: 2019 Global Industry Outlook To 2023 Research Report

Global Biomass Power Market Information Report by Type (Wood, Alcohol fuel, Biomass gas), by Application (Residential, Commercial and Industrial) and by Region - Forecast to 2027.

Browse more on report at: https://www.marketresearchfuture.com/reports/biomass-power-market-1692

A demand for better living opportunities is on the rise. Biomass power is a potential solution which can reduce the carbon footprint considerably and provide a better atmosphere for living. This can reduce air pollution noticeably by lowering the amount of greenhouse gases produced and at the same time, can implement a cost-effective structure from which the users can profit manifold. In industrial processes and transportation, biomass power is slowly gaining traction by replacing more traditional diesel in the operational process. These factors can actually play in favor of the global biomass power market and help it grow with a moderate CAGR during the forecast period (2016-2027), asserts Market Research Future (MRFR) in a holistic report on the subject.

However, a weak supply chain can restrain the market growth. But it is still outpacing the traditional source such as diesel and is gaining accolades from several countries.

Industry Trend:

Drax, a company based out of the U.K., has recently announced its collaboration with Siemens in a bid to upgrade its turbine so that it can increase its biomass generating capacity. The company is converting its old facility and supply chain and is replacing it with infrastructure for sustainable biomass.

European Investment Bank is planning to finance a new biomass-fueled plant in Spain’s La Coruna region of Curtis and Tuxeiro. The plant can bank on the surrounding 100km forest for its natural resources and will have a capacity to generate power of around 50MW.

Segmentation:

The Biomass Power market can be segmented by type and application.

Type-wise, the market includes wood, alcohol fuel, and biomass gas. The wood segment is currently leading the market as in many countries such as the U.K. and Germany, waste wood is often considered as a source of power. However, biomass gas needs special treatment before it can be used as it’s harmful properties can adversely affect nature.

Application-based segmentation includes residential, commercial and industrial. Industries are adopting this mode of power owing to its cost-effective nature.

Companies are planning on expansion by opening up units in distant shores or spending heavily on research and developments. The market is getting densely packed and promises substantial competition. Arensis has recently opened a biomass testing laboratory in the U.K. which can be considered as a significant step forward. Sumitomo Heavy Industries (SHI) announced their plan to set up 75MW biomass plant in Japan’s Kanda City, Fukuoka Prefecture.

For more news visit:

https://www.reuters.com/brandfeatures/venture-capital/article?id=88474

http://www.ktvn.com/story/39235696/biomass-power-market-2018-global-segments-industry-growth-top-key-players-size-and-recent-trends-by-forecast-to-2027

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At Market Research Future (Mrfr), we enable our customers to unravel thec omplexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr).