Energy
Global Biomass Power Generation Market Research and Forecast 2017-2022
Global Biomass power generation market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2017-2022
Biomass power generation market in a
nutshell
Biomass is a non-fossilized biodegradable organic material that is
derived from biological resources such as garbage, wood, waste, landfill gases,
and alcohol fuels. It is available in excess and hence it is considered as a
well-utilized source of renewable energy across the globe. The biomass is
produced by converting the biological resources into organic matter through
various processes such as combustion, anaerobic digestion, and gasification.
“The growth of biomass energy in power generation market is driven by the
high availability of low-cost feedstocks such as wood logs and pellets. Along
with this, increasing feed-in-tariffs (FITs) and tax incentives are
substantially increasing the demand for the use of biomass energy in power
generation.”
The biomass can be also generated from the waste collected out of food
processing industries, agriculture and wood wastes, urban and industrial
residues, wood, woody crops, and other materials. Biomass is emerging as one of
the major sources of renewable energy across the globe. Some of the major
technologies used are cellulosic ethanol, gasification, cogeneration and gas
processing for feed-in of biogas into the natural gas grid.
Browse full report at: https://www.omrglobal.com/industry-reports/biomass-power-generation-market/
Moreover, the increasing initiatives by key players in collaboration
with various government initiatives for the deployment of biomass as a resource
for the power generation is augmenting the global biomass power generation market
growth. For instance, European Union is providing national and international
tax incentives such as EU Renewable Energy Directive. Spain is significantly
promoting the usage of renewable source of energy for power generation and has
implemented National Renewable Energy Action Plan (NREAP) in 2010 for the period
of 2011-2020.
Many companies and research institutes are rapidly
investing in the research and development of innovative raw materials and
technologies for the production of power using biomass. Several government
organizations such as Biomass Research and
Development Initiative (BRDI) offer funds to universities, academic institutions, companies, and
government research centers for the development of novel products. Researchers
have discovered the potential of biomass power generation systems which enables
market player to collaborate and partner with each other. Collaboration and
partnership enhance generation capabilities of market player which in turn
contribute in the growth of the global biomass power generation market. Recently, on 31st October 2018,
Mitsubishi Corporation Power (MCP) collaborated with Kansai Electric Power
(KEPCO) to initiate the development of a new 200MW biomass power generation
plant in western Japan.
Advances in
technology
Technological advancement in biomass energy includes advancement
in biomass energy production practices and energy conversion technologies.
Advancement in soil preparation, planting, cultivation methods, species
matching, bio-genetics and pest, disease and fire control have contributed to
enhanced yields. Due to advancement in harvesting and post harvesting
technologies, there is significant reduction in the cost of production of
biomass energy. Further, technological advancements have significantly enhanced
the efficiency of biomass energy conversion technologies, improved fuel
processing technologies and enhanced efficiency of end-use technologies. These
advancements have been expected to drive the market growth in near future as
per senior analyst at Orion Market Research Pvt. Ltd.
Few recent activities
· In May 2018, Ørsted A/S had signed a new agreement with an independent
co-educational boarding school, Milton Abbey. Under this agreement, the company
will support the school to utilize energy in a much smarter way that will
ultimately decline the cost and consumption.
· In July 2018, Drax Power had signed $47.3 million contract with Siemens
for turbine upgradation. This will improve the efficiency of the biomass
generating units of Drax Group and will make their renewable power production
much cost-effective.
The production of biomass incorporates a series of
processes which are termed as the biomass supply chain. Improvement is required
in the supply chain of biomass power generation market. The supply chain of
biomass demands knowledge, technology, and activity for the manufacturing and
approval of the respective components. The supply chain of biomass consists of
growing, harvesting, transporting, storing, and converting the material into
biomass. Moreover, the pre-processing is another necessary phase in supply
chain along with the pathway from the field to energy, which majorly depends on
the biomass type and the used conversion technology. Therefore, a subsequent
inflow of the supply chain of biomass is highly required for the market growth.
Contact us
Orion Market Research Pvt. Ltd.
Indore – India- 452010
E-mail: info@omrglobal.com
Web: https://www.omrglobal.com
India: +91 7803040404, +91 9179828694
Global: +1 6467557667
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