Scope of the Study
Biomass-fired power plant produces electrical power as well as heat by using biomass raw materials. The raw materials include crop residues, wood chips and other similar biomass. Growing focus towards green energy solutions and government investment in promotion of biomassfired heating plant are driving the very market. Despite the challenges faced by manufactures such as high initial cost involved and problems associated with raw materials sourcing, the market is expected to continue its growth.
The market study is being classified, by Application (Power Generation and Heat Distribution) and major geographies with country level break-up.
EON [United Kingdom], Dong Energy [Denmark], Drax Group [United Kingdom], Aalborg [Denmark], Comsa [Spain], Abantia [Spain], Aker Group [Norway], Fortum Keilaniemi [Finland], Suez [France] and Statkraft [Norway] are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Helen Oy [Finland], ZE PAK [Poland], MGT Power [United Kingdom] and VATTENFALL [Sweden].
Research Analyst at AMA predicts that United Kingdom Manufacturers will contribute to the maximum growth of Global Biomassfired Heating Plant market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Biomassfired Heating Plant market by Type, Application and Region.
On the basis of geography, the market of Biomassfired Heating Plant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Sweden, Finland, Norway, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Output, the sub-segment i.e. ＜5 MW will boost the Biomassfired Heating Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Need for Renewable Energy Sources to Cut Down the Emission
- Government’s Favorable Initiatives to Promote Green Energy Solution
- Increasing Adoption of Biomassfired Heating Plant as a Back-up to Energy
- Weak Supply Chain of Raw Materials
- High Initial Capital Involved in Installation
- Growing Investment in Bio-fuel Sector to Improve Supply Chain
- Growth in Asia Pacific Region Owing to High Availability Bio-fuel Raw Materials
- Lack of Awareness About Biomassfired Heating Plant Technique
Key players are focusing on opening new plants to expand their market presence. In a bid to strengthen its market presence, Finland based company Helen Oy recently opened new biomass heat plants in Helsinki in February 2018.
Key Target AudienceBiomassfired Heating Plant Manufacturers, Raw Materials Suppliers/Distributors, Government Agencies, Research institutes and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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