The global biomass power generation market is anticipated to grow at a considerable CAGR of around 8.5% during the forecast period (2021-2027). Biomass refers to biodegradable organic materials which are non-fossilized and originate from biological sources resulting from animals, plants, and micro-organisms. The increasing demand for clean energy is driving the growth of the biomass power generation industry. In 2019 there, was 30-fold growth in annual solar generation in comparison to 2010, an increase of 103,652 GWh.
Browse the full report description of "Biomass Power Generation Market by Feedstock (Solid Biofuel, Liquid Biofuel, and Biogas), By Technology (Gasification, Anaerobic Digestion, and Combustion), By End-User (Household, Industrial Sector, Government Sector, Others) - Global Industry Share, Growth, Competitive Analysis and Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/biomass-power-generation-market
However, some factors are restraining the market growth such as high cost for minimum quantity, slow awareness of biomass energy technologies, and increased cost of feedstock. These are the factors that are hindering the market growth. However, research and development (R&D) to commercialize the use of biomass for power generation, and technological advancements are the major factors that are estimated to create future growth opportunities for the biomass power generation market across the globe.
Market Coverage
o By Feedstock
o By Technology
o By End-User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Biomass Power Generation Market Report Segment
By Feedstock
By Technology
By End-User
Global Biomass Power Generation Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/biomass-power-generation-market