Energia
Biomass Power Market Size Worth $98.0 Billion By 2027 | CAGR: 9.2%: Grand View Research, Inc.
https://www.grandviewresearch.com/industry-analysis/biomass-power-market
Bioenergy, generated from biomass, is deployed across several end-use segments to reduce Greenhouse Gas (GHG) emissions, improve the security of energy supply, and minimize the dependence on fossil fuels. However, significant efforts are made on the sustainable production of biomass that otherwise could cause negative socio-economic and environmental impact, thereby hampering the market growth.
Controlled management of large amounts of animal and plant residue is another major factor driving the growth of this market in developing economies of Asia Pacific , such as China and India . Moreover, the gas produced from biomass anaerobic digestion is used for lighting, cooking, or power generation purposes across these economies. For instance, the Chinese government heavily invests and promotes the usage of biogas digesters.
The industry is marked by a complex supply chain interaction. The industry players tie-up with regional and local players to ensure a constant supply of biomass feedstock. The transportation of biomass, its conversion into valuable fuel, and delivery to the end-use markets are other areas of concern for companies operating in the market. Intensive R&D activities aiming to commercialize the biomass power generation technologies are expected to further propel the market growth.
Renewable Energy Industry
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