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Biopower Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biopower Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027
Request Now !Biomass is a gas that is evolved from natural substances. It is a renewable and sustainable source of power that is used to create electricity or other forms of energy. Biomass power is carbon neutral energy generated from renewable natural waste. Even though the idea of biopower has been around for many years, technological improvements have advanced the efficiency and made the concept more dependable now than ever before. The three techniques to release the energy stored in biomass to supply biopower are burning, bacterial decay, and conversion to gas/liquid gas. The global biomass power market is driven by reduction of carbon emissions and growing demand for renewable power worldwide. The renewable energy industry is currently witnessing a considerable surge of demand due to the growing demand for clean & efficient energy. Biopower is now rising as an attractive alternative for intermittent supply of power from renewable energy resources. Therefore, the global biopower market is projected for a healthy increase rate over the forecast period.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |   2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast unit |  Million (USD) |
 Segments covered |  System and End User |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
 Companies covered | Dalkia (France), EnviTec Biogas AG (Germany), Schmack Biogas GmbH (Germany), WELTEC BIOPOWER GMBH (Germany), Ørsted A/S (Denmark), ElectraTherm (Georgia), Babcock & Wilcox Enterprises, Inc. (US), Ameresco (US), MVV Energie AG (Germany), and Enerkem (Canada) |
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By System:
- Direct Combustion
- Cofiring
- Gasification
- Anaerobic Digestion
- Pyrolysis
- Landfill Gas
By End User:
- Residential
- Commercial
- Industrial
- Others
COVID – 19 scenario analysis
The coronavirus pandemic has reduced the functioning and demand from the power generation industries. The global demand for fuel is reduced due to various travel ban imposed by governments. The worldwide lockdown has forced governments to shut down various power plants, which reduced the sales and revenue of companies. Lack of manpower due to stay home policy is expected to further reduce the demand for the energy sector. These factors are responsible for the decline in demand for the biopower market across the globe.
Top impacting factors: Market scenario analysis, trends, and drivers
The global biopower market is anticipated to observe considerable increase in growth. This is due to various factors affecting the demand for electricity from diverse sectors that consist of residential, commercial & public services, and shipping sector. Apart from rising population, rapid increase in business and residential sectors and rise in demand for heating and cooling from the worldwide population due to changes in climate conditions drive the growth of the market over the forecast duration. Moreover, favorable government policies concerning renewable sources of energy and improvement in technology have made these renewable resources cost-effective, thereby increasing the demand for biomass energy. Technological advancements and growing focus on R&D to provide biomass for energy generation in the form of clean energy further improve the market growth. However, factors, such as higher price at initial stages, are expected to restraint the growth of the biopower market.
Regional insights
North America is expected to witness highest growth in the global biopower market over the forecast period. Countries, such as the U.S. and Canada, are driving the biopower market due to high investments in the renewable sector, efforts to set up renewable energy resources, and the availability of superior technology. Asia-Pacific is also predicted to witness progressive growth during the forecast period, with India and China as the major contributing countries. Europe is expected to to evolve as one of the most profitable markets during the forecast period driven by regulatory support for power generation through renewable power sources.
Key benefits of the report:
- This study presents the analytical depiction of the global biopower market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global biopower market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global biopower market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.Â
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