In the United States, the regulations that control the release of oxides of sulfur (SOx) and nitrogen (NOx) are rapidly tightening under a variety of cap and trading schemes now being proposed for pollutants, particularly for NOx. These regulations may work as a potential boon to biopower because biopower technologies such as cofiring improve utilities’ emissions profiles in SOx and NOx and The Biopower Program is currently collaborating with environmental regulatory bodies such as the EPA to reduce regulatory uncertainty related to NSR and emissions. This is a critical issue because there are more than 200 companies outside the wood products and food industries that generate biopower in the United States.
According to the report, Renewable, Sustainable, and Clean Solution for Power Generation
is one of the primary growth factors for the market. Favorable government regulations regarding renewable sources of energy and development in technology are the key driving factor for the market. Also. It stimulates rural economic development by creating new sources of income, new jobs, and new uses for agricultural and forestry products and wastes.
is also expected to contribute significantly to the Biopower market. Overall, Residential
applications of Biopower, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Direct Combustion, is boosting the Biopower market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Biopower market identified that the demand is rising in many different parts of the world as "Technologies presently at the research and development stage, such as Whole Tree Energy™, integrated gasification fuel cell systems, and modular systems are expected to create lucrative opportunities in the future.". Furthermore, some recent industry insights like "On April 22, 2019, Ameresco, a leading renewable energy company has begun its commercial operations at a renewable natural gas (RNG) plant in Phoenix, Arizona. Ameresco claims that the RNG plant is one of the largest wastewater treatment biogas-to-RNG facilities of its kind in the United States." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Biopower market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Biopower market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Biopower market size is calculated using market estimation process, the Biopower market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Biopower market size has been validated using both top-down and bottom-up approaches.