Alstom, Areva, Drax are three key vendors highlighted in a new Technavio report
London, 08 October 2015 – Technavio has published a new report on the global biomass power generation market, which is expected to grow at a CAGR of over 5% from 2015-2019.
Biomass power generation market segmentation including feedstock and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different feedstocks, including woody crops, agricultural biomass, urban residue, and others.
Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.
The latest market research report by Technavio also emphasizes the increasing focus on renewable technologies for power generation such as biomass, as the use of traditional power generation methods to meet the growing power demand will inevitably lead to increased carbon emissions.
“The European government has established a target of 20% renewable energy generation by 2020. Therefore, biomass will be a key contributor in the 2020 target realization, thus contributing to the growth of the overall market globally,” says Faisal Ghaus, Vice President of Technavio.
Biomass power generation: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global biomass power generation market from 2015-2019. Five types of biomass to power conversion technologies are included in this report, namely, direct combustion, co-firing, gasification, pyrolysis, and anaerobic digestion.
Industry analysis includes:
Key Vendors:
- Alstom
- Areva
- Drax
- Helius Energy
- Vattenfall
Market Growth Drivers:
- Need for cleaner fuel
- Demand for constant energy supply
Market Challenges:
- Increased cost of feedstock
- Competing demand for biomass feedstock
Market Trends:
- Technological advances
- Focus on renewable technologies for power generation
View the global biomass power generation market report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
