Global Biomass Fuel Market Overview:
Biomass fuels are made from organic elements that are renewable. The great majority of available biomass fuels are divided into two categories: woody fuels and animal wastes. Biomass fuel can also be made from municipal solid waste (MSW). In comparison to fossil fuels, biomass fuels have a low energy density. To put it another way, a much bigger volume of biomass fuel is needed to produce the same amount of energy as a smaller volume of fossil fuel. Because of the poor energy density of the fuel, the costs of collection and delivery might quickly outweigh its value. Biomass fuels have a high moisture content, which increases their weight and transportation costs. Moisture concentration also affects combustion efficiency. Biomass fuel will continue to play an important role in local communities all over the world. As the price of oil and gas rises, more efficient modern technologies will be used to convert biomass energy into these more usable forms, as well as greater use for power and co-generation.
|Unit||Value (USD Million)|
|Key Companies Profiled||SUEZ (France), POET (United States), ADM (United States), Xcel Energy Inc. (United States), Ramboll Group A/S (Denmark), Orsted A/S (Denmark), Ameresco (United States), Veolia (France), Royal Dutch Shell Plc (United Kingdom), BP Plc (United Kingdom), Codexis (United States) and Fulcrum BioEnergy, Inc. (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Increase in Demand for Biomass Fuel due to growing Environmental Concerns
- Growing Adoption of Biomass Fuels in Vehicles
- Inefficient Resource Management and the Government Non-Intervention Approach are the Key Factor Hindering the Market Growth
- Implementation of Stringent Government Regulations toward Environmental Pollution from Carbon Emitting Fossil Fuels in the Transportation Industry is anticipated to Fuel Growth of the Market
- Rising Opportunities in Emerging Economies
- High Cost associated with Production of Biomass Fuels
- Increasing Transportation Costs of Wet Biomass
The demand for biomass fuel is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes SUEZ, POET, ADM, Xcel Energy Inc. and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how biomass fuel can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are SUEZ (France), POET (United States), ADM (United States), Xcel Energy Inc. (United States), Ramboll Group A/S (Denmark), Orsted A/S (Denmark), Ameresco (United States), Veolia (France), Royal Dutch Shell Plc (United Kingdom), BP Plc (United Kingdom), Codexis (United States) and Fulcrum BioEnergy, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Pacific Bioenergy Corporation (Canada) and ReGenerate Energy Holdings (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Biomass Fuel market by 2027. Considering Market by Technology, the sub-segment i.e. Combustion will boost the Biomass Fuel market.
Latest Market Insights:
In July 2021 ReGenerate Energy Holdings had announced the acquisition of Albany Green Energy, a biomass heat-and-power facility located in Albany, Georgia, from a subsidiary of Exelon Generation Company LLC. With this acquisition ReGenerate owns 137 MWs of operating biomass power generation across three facilities, including the Maine-based ReEnergy Stratton and ReEnergy Livermore Falls. ReGenerate intends to expand its platform throughout North America in order to provide sustainable bioenergy products to utilities, corporations, and other partners. The Company will leverage ReEnergy's operational capabilities as well as the combined experience of both teams in acquiring and growing renewable energy platforms.
What Can be Explored with the Biomass Fuel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biomass Fuel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biomass Fuel
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biomass Fuel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biomass Fuel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Traders/Suppliers & Distributors, Corporate Entities, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Who are the top performing companies in Biomass Fuel Market?
Top performing companies in the Global Biomass Fuel market are SUEZ (France), POET (United States), ADM (United States), Xcel Energy Inc. (United States), Ramboll Group A/S (Denmark), Orsted A/S (Denmark), Ameresco (United States), Veolia (France), Royal Dutch Shell Plc (United Kingdom), BP Plc (United Kingdom), Codexis (United States) and Fulcrum BioEnergy, Inc. (United States), to name a few.2. What trending factors would impact Biomass Fuel Market growth most?
"Emergence of Ionic Gasification Technology in Biomass Fuel" is seen as one of major influencing trends for Biomass Fuel Market during projected period 2021-2027.