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Biomass Power in the US - Industry Market Research Report

  • ID: 2392200
  • Report
  • December 2020
  • Region: United States
  • 49 pages
  • IBISWorld
Charged Up: Continued Economic Growth Will Likely Fuel Manufacturing Activity, Boosting Industry Demand

FEATURED COMPANIES

  • Progress Energy

Biomass Power

The Biomass Power industry has grown slowly over the five years to 2019. The industry's expansion has been propelled in part by several federal renewable energy tax credits that encouraged the use of biomass power. Furthermore, the majority of states have enacted renewable portfolio standards (RPSs), which require local utilities to generate electricity from renewable power as a percentage of their total energy portfolio. Increased campaigning for green technology also influenced industry performance by sparking interest in technologies that replace pollutant-generating energy sources, such as coal and gas. The continued existence of RPSs, as well as new biomass energy technology, is expected to continue facilitating competition among industry players and other energy-generation technologies over the next five years. Additionally, continued economic growth will fuel increased activity in the manufacturing and industrial production sectors, increasing the level of electricity consumption. As electricity consumption increases, downstream demand for biomass energy is expected to increase in turn.

Enterprises in this industry operate electricity-generating facilities using biomass (e.g., agricultural byproducts, landfill gas and biogenic municipal waste). Establishments primarily engaged in operating trash disposal incinerators that also generate electricity are classified in the Waste Treatment and Disposal Services industry ( 56221).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Progress Energy
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • Progress Energy
Note: Product cover images may vary from those shown

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