Biomass power
generation is a source of power generation from carbon contained in the waste
of various human and natural activities. This waste is derived from various
sources, including the by-products from the Timber industry, as well as from
sugarcane crops, woody plants, agricultural residue, oil-rich algae, and the
organic part of municipal and industrial waste. Power generation using biomass
is increasing. Recovering energy from garbage has developed over the years from
the simple incineration of waste in an uncontrolled environment to the
controlled combustion of waste with energy recovery to ensure that emissions
are within set limits. Biomass is an ideal substitute for conventional fossil
fuels for heating and power generation. There are a number of technical options
available to make use of a wide variety of biomass types as a renewable energy
source. Conversion technologies may release the energy directly in the form of
heat or electricity or may convert it to another form such as liquid biofuel or
combustible biogas.
Analysts forecast
the Global Biomass
Power Generation market will
grow at a CAGR of 7.06 percent over the period 2013-2018.
The Report recognizes
the following companies as the key players in Global Biomass Power Generation
Market: Areva SA, Drax Group plc, Helius Energy, Vattenfall AB, Energex, Forth
Energy, Laidlaw Energy Group, MGT Power.
With the increase in
the level of investments in the Biomass industry, there have been advances in
technology as well. There has been a recent upsurge worldwide where co-firing
of biomass with coal is considered as a carbon-neutral fuel to reduce the
emissions from thermal power plants. Thus, there has been increasing demand for
adopting biomass-based power generation along with traditional methods of power
generation using fossil fuels.
Covered in this Report
The report covers
biomass power conversion technologies, the composition of biomass feedstock,
and the biomass to power value chain. It also provides a biomass power cost
analysis
Global Biomass Power
Generation Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the Americas and
the EMEA and APAC regions; it also covers the Global Biomass Power Generation
market landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
According to the
report, low GHG emissions is one of the major drivers in this market. The
increasing consumption of renewable energy worldwide because of its low GHG
emissions has a positive influence on the demand for biomass power, and this is
expected to increase during the forecast period.
Further, the report
states that the increased cost of feedstock is one of the major challenges in
this market. There has been a significant increase in the price of raw
materials for biomass-based power plants.
