Global Biopower Market (2021-2026) by Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Biopower Market is estimated to be USD 51.6 Bn in 2021 and is expected to reach USD 90.73 Bn by 2026, growing at a CAGR of 11.95%.

Market Dynamics

The factors such as favorable government initiatives for renewable energy sources and advancement in technology have made these renewable sources cost-effective and increasing the renewable power generation capabilities, thereby prompting the demand of the biopower market. In addition, the global biopower market is expected to show continuous growth as it is rising as a substitute for the alternating supply of power from renewable energy resources. However, the factor such as high setup cost is anticipated to hamper the market growth.

Innovation and technological expansion and rising investment for infrastructure enhancement are expected to generate untapped market participants.

Market Segmentation

The Global Biopower Market is segmented further based on Type, End-User, and Geography.

By Type, the market is classified into direct combustion, co-firing, gasification, anaerobic digestion, pyrolysis, and landfill gas. Amongst all, the direct combustion segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as residential, commercial, industrial, and others. Amongst all, the industrial segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Toshiba Energy Systems & Solutions Corporation to start the building of a biomass power plant in Omuta City, Fukuoka Prefecture. - 25th October 2019
2. Sumitomo Corporation and Sumitomo Corporation Tohoku Co., Ltd. has commenced construction of the "Biomass Power Plant" in Sendai City, Miyagi Prefecture. - 31st March 2021

Company Profiles

Some of the companies covered in this report are Ameresco INC, Archer-Daniels-Midland Company, Asaspa, Babcock & Wilcox Enterprises, Inc, Babcock& Wilcox Enterprise, etc

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Biopower Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market