ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research announces the release of a new market study detailing the global biomass power generation market. The report, titled ‘Biomass Power Generation Market by Feedstock (Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, Urban Residues, and Landfill Gas Feedstock) and by Technology (Anaerobic Digestion, Combustion, Gasification, Co-firing & CHP, and Landfill Gas (LFG)) - Global & U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022’, states that the biomass power generation market is driven primarily by the cost benefits and long-term sustainability it offers over conventional energy generation feedstock and is expected to reach a total installed capacity of 122,331.6 MW by 2022 at a CAGR of 6.2% upon the 2013 figure of 72,571.9 MW.
In terms of power generation, biomass power is expected to grow to 738,350.3 million KWh by 2022 from the 413,778.1 million KWh registered in 2013, at a 6.8% CAGR.
The report also elaborates upon increasing regulatory support in the form of tax incentives et al. in developed and developing countries as a major growth driver for the global biomass power generation market. Accordingly, it examines the regulatory framework in leading biomass power producers such as India, Germany, the U.S., and the U.K.
Heavy R&D to commercialize the use of biomass for power generation is a dominant trend shaping the global biomass power generation market.
The report employs trusted analytical tools such as market attractiveness analysis, to examine the scope for investment in the biomass power generation market, and Porter’s five forces analysis to examine market forces such as the threat from substitutes and new entrants, the relative bargaining power of suppliers and buyers, and the competitive rivalry of the market.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.