Biomass
is a resource for renewable energy. It is derived from principal resources such
as forestry, biogenic waste and agricultural products. Energy is created from
biomass or by converting it into products such as other bio fuels. The
electricity can be generated by direct combustion or by converting biomass into
fiber or industrial chemical. Since the economics is improved for energy
production by biomass, and also there is growing concerns about greenhouse gas
emissions, biomass energy is becoming an increasingly attractive option.
Biomass is the unique renewable source of energy which effectively store solar
energy.
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Various
forms of biomass are used for several purposes for example the heavy duty
vehicles uses diesel or CNG, bioethanol fuel in buses although they are
costlier but they are considered as greener mean of transport. The passenger
cars available in market run on gasoline engines. But bioethanol is
biodegradable and less toxic compared to petrol it can also be used as an
alternative. Biomass markets differ by country and by end users. As a result of
which it is delivered in various ways and biomass products vary by prices and
quality. Particularly in small and medium enterprise segment, in some countries
biomass is co-fired in coal fired power plants. Since coal is cheap large
electricity suppliers are inspired with subsidies to use biomass.
The
financial structure of biomass energy is improving growing concern about green
house emissions is making the biomass energy more attractive. Some of the
barriers which new entrants face are large amount of initial investment to
purchase equipment to generate biomass power and certain expertise to enter the
market. But the purchase cost of fuel after the initial investment for
equipment is less than other forms of energy. The biomass market suffered when
the coal prices were low there were also logistics barrier and supply issues.
But now due to increasing coal prices the market is improving. Biomass energy
has several advantages over renewable resources like solar, hydro and wind
power.
Biomass
offers significant advantages over other renewable resources such as solar,
wind and hydropower because it is a base load resource.Biomass is one of the
only renewable fuels which offer viable alternate to coal-based generation.
Further, majority of states have renewable portfolio standards, which require
them to generate electricity from renewable as a percentage total energy
portfolio. Campaigning has also influenced industry performance by sparking
their interest in green technologies that replace pollutant generating energy
sources like coal and gas. Some of the key players in biomass market include
Alstom, Drax, Foster Wheeler, and Siemens.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this research
report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
This
report provides comprehensive analysis of
·
Market
growth drivers
·
Factors
limiting market growth
·
Current
market trends
·
Market
structure
·
Market
projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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