Bio Power Global Market Information Report by Type, by Application and by Region | Industry Growth Records In Terms Of Value with A Striking CAGR during the Estimated Period (2017 – 2027).
Pune, India -- (SBWIRE) -- 08/28/2018 -- Global Bio Power Market Highlights:-
Worldwide governments initiate plans to introduce a scheme to encourage setting up of biomass plants across the countries, which will generate electricity and also help dispose of agricultural waste in a carbon-neutral manner to help tackle growing pollution. Industries such as steel-making are expanding biomass usage for in-house energy generation to reduce emissions while the paper companies tap on bio power generation to energize profit.
Renewable energy industry is currently witnessing a significant surge in their demand; this is mainly due to the increasing demand for energy. Favorable government regulations regarding renewable sources of energy and development in technology which has made these renewable sources cost effective are expected to drive the demand in the Bio Power Market.
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Bio Power Global Market - Competitive Analysis
The Bio Power Market has witnessed many key players announcing bio power projects. Most of the Bio Power Plants use woody biomass as feedstock and are slated to produce electricity to meet the electricity needs of thousands of residences in the vicinity with reduced CO2 emissions.
In India, the Ministry of New and Renewable Energy (MNRE) plans to launch an integrated bio energy mission with an investment of Rs 10,000 crore (US$ 1.5 billion) from FY 2017-18 to FY 2021-22, aimed at enhancing the use of bio-fuels like ethanol and biogas and reducing consumption of fossil fuels.
Bio Power Market Top Key Players:-
- MVV Energie SG
- Schmack Biogas GmbH
- Weltec Biopower GmbH
- Biopower Operations Corporation
- EnviTec Biogas AG
Bio Power Global Market - Segments
To give the insight information on Global Bio Power Market report, MRFR has segment the report in to 3 key dynamics –
Segmentation By Type : Comprises Biogas and Biomass.
Segmentation By Applications: Residential, Commercial and Industrial.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Study Objectives of Bio Power
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Bio Power market
- To provide insights about factors affecting the market growth
- To Analyze the Bio Power market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Type, by Application by Propulsion, and by region as well as its sub segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Bio Power market
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Bio Power Global Market - Regional Analysis
North America is expected to dominate the Bio Power market mainly due to the favourable government regulations. The integration of Bio Power is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Bio Power market due to boost in the manufacturing sector in these regions.
As bio power markets in Asia mature, the increased competition for wood pellets and chips will provide opportunities for suppliers of these materials around the globe. Biopower producers in Japan and South Korea will require a secure and consistent supply of both pellets and chips, sometimes from multiple suppliers in multiple geographies.
Japan targets its power generation from renewable sources to increase by 50 percent, and Bio power is expected to see a fivefold increase over the same period. The country's renewal of its renewable energy feed-in-tariff (FIT) scheme, has prompted increased biomass throughputs and encouraged Japanese utilities to buy renewable electricity from wider areas, such as the industry sector.
India's power sector is one of the most diversified in the world. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.