Global Biomass Power Market to be driven by rising demand for power and favourable government regulations worldwide in the Forecast Period of 2021-2026.
M2 PRESSWIRE-July 30, 2021-IMARC (Expert Market Research): Global Biomass Power Market to be driven by rising demand for power and favourable government regulations worldwide in the Forecast Period of 2021-2026
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The new report by Expert Market Research titled, 'Global Biomass Power Market Report and Forecast 2021-2026', gives an in-depth analysis of the Global Biomass Power Market, assessing the market based on its segments like source, end use and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2026)
Historical Market Size (2020 ): USD 54.2 billion
Forecast CAGR (2021-2026): 8.6%
Forecast Market Size (2026): USD 89.0 billion
The global biomass power market witnessed decent growth in the historical period, due to abundant availability of biomass and other raw material used as biomass, propelled by increase in awareness and demand for cleaner energy.
Industry Definition and Major Segments
Biomass gasification is the process of converting solid fuels (biomass) including wood, wood waste, and agricultural leftovers into a combustible gas mixture known as producer gas or syngas. This is accomplished through a series of thermo-chemical reactions using heat, pressure, and partial combustion, which occur when the air supply (O2) is insufficient to complete the biomass combustion process. Its market is further divided into segments such as:
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/biomass-power-market
Based on source of biomass, the market is classified into:
Solid Biomass
Biogas
Municipal Waste
Liquid Biomass
Based on end-use sector, the market is segmented into:
Industrial...
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