Market by Feedstock, Technology, Application, and Country Outlook | Forecast 2022-2028
Triton Market Research has concluded that the biomass power market in
North America would grow with a CAGR of 5.61% in terms of revenue and a
CAGR of 6.04% in terms of volume, in the estimated period from 2022 to 2028.
Report scope can be customized per your requirements - Request Free Sample Report
The countries analyzed in
this region include:
• The United States
• Canada
Canada is expected to witness the fastest growth
in the region over the forecasted period. The rise in environmental concerns has led
countries in North America to focus on renewable energy. As a result, favorable
regulations and policies have been drafted by the governments of the United
States and Canada, to support the adoption of renewable power sources,
including biomass.
The biomass power market in the United States is driven by supportive
government policies & plans as well as the large supply of biomass
feedstock in the country. The number of biomass power plants in the US
increased from around 485 to more than 760 in the period from 2003 to 2016.
Further, the rising use of gas-based and renewable power sources as an
alternative to coal-based power generation has transformed the country’s power
landscape.
In 2019, the US produced more than 5 quadrillion Btu of energy from
biomass, which is equivalent to nearly 5% of the country’s total primary energy
consumption that year. All these factors will support the studied market’s
expansion in the United States in the coming years.
Canada provides a wealth of biomass feedstock reserves. British
Columbia, Alberta, Ontario, New Brunswick, and Quebec are provinces with the
highest rates of biomass production. A number of small-scale, individual
biomass power plants are now being developed at industrial sites. These
developments indicate a positive outlook for the market studied.
Several commercial entities, such as businesses
and organizations, are switching from oil & gas to renewable sources such
as biomass to reduce their dependence on harmful fossil fuels. In fact, biomass
showcases the highest potential for adoption by small-scale businesses. This is
because the installation of biomass boilers is a cost-effective option.
Triton’s report assesses the market based on
application, feedstock, and technology. Here, the application segment comprises
commercial, industrial, and residential.
The noteworthy players in the biomass power
market include Vattenfall AB, Orsted, Ramboll Group, Veolia Environnement SA,
Valmet Oyj, Thermax Ltd, and Babcock & Wilcox Enterprises.
Xcel Energy Inc is a public utility
company that is mainly engaged in electricity generation, purchase,
transmission, distribution, and sale and also natural gas purchase,
transportation, distribution, and sale. The company operates via three business
segments: Regulated Natural Gas Utility; Regulated Electric Utility; and All Others.
The company operates in the United States, and is headquartered in Minneapolis,
Minnesota. Founded in 1909, it has a vast industry experience spanning over 100
years, and has a strong workforce of over 11,000 employees.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the biomass power market revenue growth in North America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis Model
●
A wide-ranging study of factors that will challenge the North
America biomass power market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
MARKET BY INSULATION TYPE, MOU ..
VIEW REPORT
Market By Application, Type An ..
VIEW REPORT
Market By Products, Applicatio ..
VIEW REPORT
Market By Application, Type Of ..
VIEW REPORT
Market by Battery Type (Primar ..
VIEW REPORT
Market By Application, Chemist ..
VIEW REPORT
Market by Feedstock, Technolog ..
VIEW REPORT
Market by Type, Service, Techn ..
VIEW REPORT1. NORTH
AMERICA BIOMASS POWER MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE BIOMASS POWER MARKET
2.2. KEY
INSIGHT
2.2.1. INCREASED
DEMAND FOR BIOMASS DUE TO RISING ENVIRONMENTAL CONCERNS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
BUYING IMPACT ANALYSIS
2.4.1. FAVORABLE
REGULATIONS
2.4.2. APPLICATIONS
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
COMPONENTS
2.8. REGULATORY
FRAMEWORK
2.9. KEY
MARKET STRATEGIES
2.9.1. ACQUISITIONS
2.9.2. PRODUCT
LAUNCHES
2.9.3. CONTRACTS
& AGREEMENTS
2.9.4. BUSINESS
EXPANSIONS
2.10. MARKET
DRIVERS
2.10.1. FAVORABLE
GOVERNMENT POLICIES AND REGULATIONS
2.10.2. MINIMUM
EXPENDITURE REQUIRED TO PRODUCE ENERGY FROM BIOMASS-FIRED POWER PLANTS
2.11. MARKET
CHALLENGES
2.11.1. AVAILABILITY
OF ALTERNATE RENEWABLE ENERGY SOURCES
2.11.2. SEASONAL
AVAILABILITY OF BIOMASS MATERIAL
2.12. MARKET
OPPORTUNITY
2.12.1. PREFERENCE
FOR BIOMASS AND BIOGAS TO ATTAIN CIRCULAR ECONOMY GOALS
3. NORTH
AMERICA BIOMASS POWER MARKET OUTLOOK – BY FEEDSTOCK
3.1. SOLID
BIOMASS
3.2. LIQUID
BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL
SOLID WASTE
4. NORTH
AMERICA BIOMASS POWER MARKET OUTLOOK – BY TECHNOLOGY
4.1. ANAEROBIC
DIGESTION
4.2. COMBUSTION
4.3. GASIFICATION
4.4. CO-FIRING
& CHP
4.5. LFG
5. NORTH
AMERICA BIOMASS POWER MARKET OUTLOOK – BY APPLICATION
5.1. RESIDENTIAL
5.2. COMMERCIAL
5.3. INDUSTRIAL
6. NORTH
AMERICA BIOMASS POWER MARKET – COUNTRY OUTLOOK
6.1. UNITED
STATES
6.2. CANADA
7. COMPETITIVE
LANDSCAPE
7.1. MITSUBISHI
HEAVY INDUSTRIES LTD
7.2. GENERAL
ELECTRIC COMPANY
7.3. THERMAX
LTD
7.4. SUEZ
SA
7.5. XCEL
ENERGY INC
7.6. RAMBOLL
GROUP
7.7. BABCOCK
& WILCOX ENTERPRISES
7.8. ORSTED
7.9. AMERESCO
INC
7.10. VATTENFALL
AB
7.11. E.ON
ENERGY
7.12. VEOLIA
ENVIRONNEMENT SA
7.13. VALMET
OYJ
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 2: NORTH AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN MILLION MWH)
TABLE 3: VENDOR
SCORECARD
TABLE 4: REGULATORY
FRAMEWORK
TABLE 5: LIST OF
ACQUISITIONS
TABLE 6: LIST OF
PRODUCT LAUNCHES
TABLE 7: LIST OF
CONTRACTS & AGREEMENTS
TABLE 8: LIST OF
BUSINESS EXPANSIONS
TABLE 9: NORTH AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 10: NORTH AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 11: NORTH AMERICA
BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 12: NORTH AMERICA
BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 13: NORTH AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 14: NORTH AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)
FIGURE 1: KEY BUYING IMPACT ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: POWER GENERATION FLOW IN A BIOMASS POWER PLANT
FIGURE 5: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2021 &
2028 (IN %)
FIGURE 6: NORTH AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2028
(IN $ BILLION)
FIGURE 7: NORTH AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS,
2022-2028 (IN $ BILLION)
FIGURE 8: NORTH AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2022-2028 (IN $
BILLION)
FIGURE 9: NORTH AMERICA BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE,
2022-2028 (IN $ BILLION)
FIGURE 10: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2021 &
2028 (IN %)
FIGURE 11: NORTH AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION,
2022-2028 (IN $ BILLION)
FIGURE 12: NORTH AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2022-2028
(IN $ BILLION)
FIGURE 13: BIOMASS GASIFICATION PROCESS
FIGURE 14: NORTH AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2022-2028
(IN $ BILLION)
FIGURE 15: NORTH AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP,
2022-2028 (IN $ BILLION)
FIGURE 16: NORTH AMERICA BIOMASS POWER MARKET, BY LFG, 2022-2028 (IN $
BILLION)
FIGURE 17: NORTH AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2021 &
2028 (IN %)
FIGURE 18: NORTH AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2028
(IN $ BILLION)
FIGURE 19: NORTH AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2028
(IN $ BILLION)
FIGURE 20: NORTH AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2028
(IN $ BILLION)
FIGURE 21: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 22: UNITED STATES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 23: CANADA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)