The Global Biomass Power Generation Market is expected to grow at a CAGR of 7.06 percent during the forecast period of 2013-2015.
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Biomass Power Generation Market 2014-2018. The report analyzes emerging trends in the market and points to technological advancements in the biomass power sector as a major reason for growth. Biomass is being considered as a carbon-neutral fuel, and thus technology such as co-firing of biomass along with coal is being adapted by thermal plants to reduce their emissions.
Biomass-Enabled Power Generation
Power generation through biomass is gaining popularity these days. 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 and ensuring that emissions are within limits.
“Biomass, in contrast to water, wind, and sun, is the only renewable energy source that does not depend on weather and is available throughout the whole period of power generation. The constant supply of power ensures energy security and reliability. Biomass is an ideal substitute for conventional fossil fuels and this, coupled with the constant need of energy will surely boost the Global Biomass Power Generation Market in the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
