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The Biomass Electricity Global Market Report 2022-31 by The Business Research Company describes and explains the global biomass electricity market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Biomass Electricity Global Market Opportunities And Strategies Report covers biomass electricity market drivers, biomass electricity market trends, biomass electricity market segments, biomass electricity market growth rate, biomass electricity market major players, and biomass electricity market size.
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The biomass electricity market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
The Biomass Electricity Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies in detail. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Biomass electricity market trends include:
Companies in the biomass electricity market are focusing on utilizing bioenergy with carbon capture for improving decarbonization. Bioenergy with carbon capture and storage (BECCS) is the process of capturing and permanently storing carbon dioxide (CO2) from biomass (organic matter) energy generation. BECCS uses a post-combustion carbon capture process, where solvents isolate CO2 from the flue gases produced when the biomass is combusted. The captured CO2 is pressurized and turned into a liquid-like substance so it can then be transported by pipeline. For instance, The UK needs negative emissions technologies to meet its 2050 net zero target to help combat the global climate crisis. BECCS has the potential to remove 20-70 million tons of CO2 per year in the UK by 2050. Similarly, there are 70 billion tons of potential CO2 storage space around the UK, according to the British Geological Survey. In 2021, American engineering company, Bechtel entered into a partnership with renewable energy company Drax to identify opportunities to construct new Bioenergy with Carbon Capture and Storage (BECCS) power plants around the world.
The report covers the biomass electricity market segments:
1) By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
2) By End-User: Households, Industrial Sectors, Government Sectors, Others
3) By Technology: Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas.
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