Due to the
growing inclination towards natural resources for use as fuel, the market for biopower
is growing. Market Research Future (MRFR) has published a research report about
the global biopower market
that predicts growth for this market between 2016 and 2027.
Observing
the market structure, this report offers insights about factors affecting the
market growth. Weighing the market size and foretelling the revenue, this
reports covers and observes the competitive developments of market players that
include joint ventures, mergers and acquisitions, new product developments, research
and developments (R&D), and strategic alliances.
The eminent
factors accelerating the global biopower
market growth are the favourable government regulations regarding renewable
sources of energy, growing demand for renewable energy, and development in
technology regarding cost-effective
renewable sources. Government regulations favour renewable sources of energy as
the latter ‘s use can curb carbon emissions and various kinds of environmental
pollution. Development in technology not only helps the production of biopower and but also the proper harnessing of biopower.
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Segmental Analysis
The
global biopower market has been segmented on the basis of application, type,
and lastly, region. The application-based segmentation segments this market
into commercial applications, industrial applications, and residential
applications. Commercial applications cover commercial establishments like
shops and restaurants. Industrial applications cover factories and
manufacturing units. Residential applications cover residential houses and
buildings.
By type,
the market has been segmented into biogas and biomass. Biogas is a mixture of
different gases produced by the breakdown of organic matter in the absence of
oxygen. Biomass is defined as the waste material from plants or animals that are
not used for food or feed. It can be waste from animal farming, farming or
horticulture, food processing, or human waste from sewage plants.
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Geographic Analysis
The
regional segmentation of the global biopower market segments the global market
into regional markets namely North America, Europe, Asia Pacific, and rest of
the world (RoW). During the forecast period, North America is expected to
dominate the BioPower market mainly due to favorable government regulations.
The integration of BioPower has been anticipated to increase in this region,
providing the market with scope for further growth. The United States of
America (USA) and Canada are the two most technologically advanced nations that
can be strong country-specific markets in this region.
Key Players
The key
players in the global biopower market include A2A (Italy), Biopower Operations
Corporation (USA), Dalkia (France), EnviTec Biogas AG (Germany), MVV Energie AG
(Germany), Schmack Biogas GmbH (Germany), and Weltec Biopower GmbH (Germany).
Latest
Industry News
·
Karachi-based Bus Rapid
Transit (BRT) network is set to be Pakistan’s first ever zero-emission public
transport system that is going to launch a zero-emission bio-power
transportation fleet of 200 buses in Karachi. 20 JAN 2019
·
Lloyd’s Register (LR) and
University Maritime Advisory Services (UMAS) have collaborated to release
“Zero-Emission Vessels Transition Pathways.”
29 JAN 2019
·
A joint
venture between Indian Oil Corporation and Oiltanking GmbH of Germany
called IOT Infrastructure, and Energy Services is tweaking its biogas plant to
manufacture bio-CNG for vehicles in Tamil Nadu. It has plans to set up more
greenfield projects for the clean auto fuel. 3 JAN 2019
·
Equipment
associated with the company formerly known as Ineos BioEnergy 8 MMgy cellulosic
ethanol plant and 6 MW bioenergy plant in Vero Beach, Florida,
have been sold piecemeal via a timed auction. 11 JAN 2019
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Market Research Future:
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