Published by Coherent Market Insights
Posted on September 24, 2021
Biomass is defined as the biologically degradable fraction of products, residues, and wastes from remains of animals and plants, and biological remains of household and industrial waste. Biomass is a renewable energy resource, which can be derived from the carbonaceous waste of human, animals and other industrial activities. It acts as a constant source of energy that can never be depleted.
Biomass solid fuels that are available today are made up of a large number of sources such as wood chips, peat moors, wheat straw, sawdust, palm oil residues, bark chips, and bagasse among others. All these biomass solid fuels are derived from agricultural byproducts, paper, sawmill residue, recycled materials, and animal farm litter among others.
The global biomass solid fuel market is projected to surpass US$ 425.8 billion by the end of 2027, in terms of revenue, exhibiting a CAGR of 8.5% during the forecast period (2020 to 2027).
Top Key Players in Biomass Solid Fuel market: Svenska Cellulosa Aktiebolaget SCA, BTG Biomass Technology Group, Eni S.p.A., Fulcrum BioEnergy, SOCOTEC Group, Drax Biomass Inc., Aggregated Micro Power Holdings plc, PVM Environmental Products, and Vattenfall AB
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Biomass Solid Fuel market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
The global biomass solid fuel market has witnessed significant growth within the recent past, due to its various advantages like , there’s no typical production process necessary in most of the cases, because it is usually available in an appropriate form and don’t got to undergo any longer processing. thanks to the advancements in technology, biomass solid fuel is effectively employed by various industries as a source of energy.
The emission of greenhouse gases such as carbon dioxide, methane and nitrous oxide among others, are continuously increasing due to rising industrial production in emerging economies. This is due to high investment costs involved in the adoption of green technologies and renewable resources. To mitigate the consumption of fossil fuels, solid biomass fuel can be used as one of the alternatives nowadays. According to VDEW- German Verband der Elektrizitaetswirtschaft, (German Electricity Association), the potential of available biomass in the world is equivalent to produce more than 150 billion mg per year, which is equivalent to 120 billion mg of coal. There is a huge potential to use this biomass solid fuel as a source of energy. However, 20-30% of available biomass is only suitable for use.
There is huge opportunity for the energy companies to invest in the infrastructure to develop bioenergy to fulfil world energy requirement using solid biomass. Forest products are being used increasingly as a source of energy. For instance, in 2018, at La Coruña, Spain, a plan was proposed for the establishment of a new 50 MW biomass power plant, fueled by locally sourced forest waste. Biomass solid fuel offers lucrative opportunities not only for climate change mitigation but also for harnessing energy crops, waste, degraded lands, and co-farming, thus creating wealth and employment and increase energy dependence.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Biomass Solid Fuel market provides an in-depth insight of Sales and Trends Forecast to 2027 appeared first on Gatorledger.
Biomass is defined as the biologically degradable fraction of products, residues, and wastes from remains of animals and plants, and biological remains of household and industrial waste. Biomass is a renewable energy resource, which can be derived from the carbonaceous waste of human, animals and other industrial activities. It acts as a constant source of energy that can never be depleted.
Biomass solid fuels that are available today are made up of a large number of sources such as wood chips, peat moors, wheat straw, sawdust, palm oil residues, bark chips, and bagasse among others. All these biomass solid fuels are derived from agricultural byproducts, paper, sawmill residue, recycled materials, and animal farm litter among others.
The global biomass solid fuel market is projected to surpass US$ 425.8 billion by the end of 2027, in terms of revenue, exhibiting a CAGR of 8.5% during the forecast period (2020 to 2027).
Top Key Players in Biomass Solid Fuel market: Svenska Cellulosa Aktiebolaget SCA, BTG Biomass Technology Group, Eni S.p.A., Fulcrum BioEnergy, SOCOTEC Group, Drax Biomass Inc., Aggregated Micro Power Holdings plc, PVM Environmental Products, and Vattenfall AB
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Biomass Solid Fuel market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
The global biomass solid fuel market has witnessed significant growth within the recent past, due to its various advantages like , there’s no typical production process necessary in most of the cases, because it is usually available in an appropriate form and don’t got to undergo any longer processing. thanks to the advancements in technology, biomass solid fuel is effectively employed by various industries as a source of energy.
The emission of greenhouse gases such as carbon dioxide, methane and nitrous oxide among others, are continuously increasing due to rising industrial production in emerging economies. This is due to high investment costs involved in the adoption of green technologies and renewable resources. To mitigate the consumption of fossil fuels, solid biomass fuel can be used as one of the alternatives nowadays. According to VDEW- German Verband der Elektrizitaetswirtschaft, (German Electricity Association), the potential of available biomass in the world is equivalent to produce more than 150 billion mg per year, which is equivalent to 120 billion mg of coal. There is a huge potential to use this biomass solid fuel as a source of energy. However, 20-30% of available biomass is only suitable for use.
There is huge opportunity for the energy companies to invest in the infrastructure to develop bioenergy to fulfil world energy requirement using solid biomass. Forest products are being used increasingly as a source of energy. For instance, in 2018, at La Coruña, Spain, a plan was proposed for the establishment of a new 50 MW biomass power plant, fueled by locally sourced forest waste. Biomass solid fuel offers lucrative opportunities not only for climate change mitigation but also for harnessing energy crops, waste, degraded lands, and co-farming, thus creating wealth and employment and increase energy dependence.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Biomass Solid Fuel market provides an in-depth insight of Sales and Trends Forecast to 2027 appeared first on Gatorledger.
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