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 growing renewable energy sector
is likely to be the major driver for the global bio power market over the
forecast period. Bio power comprises various ways in which biomatter is used to
create electricity or other combustible fuels. The prime attraction of the bio
power market is the constant regeneration of biomass in the world’s farms,
cities, and animal products industries. This has made the sector truly
sustainable and likely to grow by leaps and bounds over the coming years.
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The eminent factors accelerating the global
biopower market growth are the favorable
government regulations regarding renewable sources of energy, growing demand
for renewable energy, and development in technology regarding cost-effective renewable sources. Government
regulations favor 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.
Prominent 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).
Global
Bio Power Industry Segmentation:
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.
Bio Power Regional Industry 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.
Europe and the Asia Pacific are the
other major regions for the BioPower market due to the growing manufacturing
sector in these regions. In Europe, France, Germany and the United Kingdom (UK)
are the strongest economies that can be potential country-specific markets in
this region. In the Asia Pacific region, economies can be potential markets are
China, India, and Japan.
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