ASIA-PACIFIC BIOMASS POWER MARKET 2022-2028

Energy, Power & Utilities | Power

ASIA-PACIFIC BIOMASS POWER MARKET 2022-2028

Market by Feedstock, Technology, Application, and Country Outlook | Forecast 2022-2028

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As per Triton’s research report, the biomass power market in the Asia-Pacific is likely to advance with CAGRs of 6.13% (revenue) and 6.57% (volume) over the forecasting duration from 2022 to 2028.



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The countries evaluated in this region include:

•         China

•         South Korea

•         ASEAN Countries

•         India

•         Japan

•         Australia

•         Rest of Asia-Pacific

South Korea is expected to observe the fastest growth in the Asia-Pacific market over the forecast period. Further, other countries in the region, such as China, India, Australia, and Japan, have pledged to increase their respective renewable energy shares in the power mix to decrease emission levels. This indicates a positive outlook for the market. However, the lack of significant investments from the private sector and the lack of a suitable infrastructure for constructing biomass plants is a key market challenge for the region.

In South Korea, electricity production from forest biomass increased by 61 times, from 106,023 MWh to 6,490,437 MWh from 2012 to 2018. This equates to a whopping 160% annual growth. Also, the majority of biomass energy, nearly 75% of the total electricity produced from biomass in the country in 2018, was obtained from coal-fired power plants used to co-fire forest biomass with coal. These developments are indicative of substantial growth for the South Korean market in the near future.

Thailand has set targets to install biomass power infrastructure with a 5.57 GW capacity and biogas-based power plants having a 1.28 GW capacity. To decrease its reliance on fossil fuel imports, the government is planning to turn to biomass power as a key solution. This can be attributed to the easy availability of biomass feedstock such as rice husk, wood chips, livestock waste, and municipal waste in the country. As a result, the biomass power in the country would experience growth in the forecast period.

Solid biomass includes organic, non-fossil-derived solid materials having biological origin. These are used either for heat production or electricity generation. The demand for solid biomass is increasing across the world owing to government mandates by various countries to blend solid biomass with the existing coal-based power plants to limit carbon emissions from these plants.

Triton’s report assesses the market based on feedstock, application, and technology. Here, the power source segment comprises solid biomass, biogas, liquid biomass, and municipal solid waste.

The acclaimed players in the biomass power market include Veolia Environnement SA, Vattenfall AB, Mitsubishi Heavy Industries Ltd, Babcock & Wilcox Enterprises, General Electric Company, and Ramboll Group.

Thermax Ltd manufactures and sells boilers, heating & cooling equipment, industrial chemicals, and water & waste management equipment. It also undertakes turnkey contracts for power plants and offers operation & maintenance services for the same. Two of its key segments include: Energy and Environment. The Energy segment includes products such as absorption chillers/heat pumps, boilers & heaters, solar equipment, power plants, and related services. Whereas, the Environment segment includes products such as ion exchange resins & performance chemicals, water & waste recycling systems, air pollution control equipment/systems, and related services. The India-based company is headquartered in Pune, Maharashtra.

 

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 Asia-Pacific 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 Model


      A wide-ranging study of factors that will challenge the Asia-Pacific biomass power market’s growth during the upcoming years

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Table of Content

1. ASIA-PACIFIC 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. ASIA-PACIFIC BIOMASS POWER MARKET OUTLOOK – BY FEEDSTOCK

3.1. SOLID BIOMASS

3.2. LIQUID BIOMASS

3.3. BIOGAS

3.4. MUNICIPAL SOLID WASTE

4. ASIA-PACIFIC 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. ASIA-PACIFIC BIOMASS POWER MARKET OUTLOOK – BY APPLICATION

5.1. RESIDENTIAL

5.2. COMMERCIAL

5.3. INDUSTRIAL

6. ASIA-PACIFIC BIOMASS POWER MARKET – COUNTRY OUTLOOK

6.1. CHINA

6.2. INDIA

6.3. JAPAN

6.4. SOUTH KOREA

6.5. AUSTRALIA

6.6. ASEAN COUNTRIES

6.7. REST OF ASIA-PACIFIC

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

List of Tables

TABLE 1: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)

TABLE 2: ASIA-PACIFIC 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: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)

TABLE 10: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)

TABLE 11: ASIA-PACIFIC BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)

TABLE 12: ASIA-PACIFIC BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)

TABLE 13: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)

TABLE 14: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)

List of Figures

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: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2021 & 2028 (IN %)

FIGURE 6: ASIA-PACIFIC BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2028 (IN $ BILLION)

FIGURE 7: ASIA-PACIFIC BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2022-2028 (IN $ BILLION)

FIGURE 8: ASIA-PACIFIC BIOMASS POWER MARKET, BY BIOGAS, 2022-2028 (IN $ BILLION)

FIGURE 9: ASIA-PACIFIC BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ BILLION)

FIGURE 10: ASIA-PACIFIC BIOMASS POWER MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 11: ASIA-PACIFIC BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2022-2028 (IN $ BILLION)

FIGURE 12: ASIA-PACIFIC BIOMASS POWER MARKET, BY COMBUSTION, 2022-2028 (IN $ BILLION)

FIGURE 13: BIOMASS GASIFICATION PROCESS

FIGURE 14: ASIA-PACIFIC BIOMASS POWER MARKET, BY GASIFICATION, 2022-2028 (IN $ BILLION)

FIGURE 15: ASIA-PACIFIC BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2022-2028 (IN $ BILLION)

FIGURE 16: ASIA-PACIFIC BIOMASS POWER MARKET, BY LFG, 2022-2028 (IN $ BILLION)

FIGURE 17: ASIA-PACIFIC BIOMASS POWER MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 18: ASIA-PACIFIC BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2028 (IN $ BILLION)

FIGURE 19: ASIA-PACIFIC BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2028 (IN $ BILLION)

FIGURE 20: ASIA-PACIFIC BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2028 (IN $ BILLION)

FIGURE 21: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 22: CHINA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 23: INDIA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 24: JAPAN BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 25: SOUTH KOREA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 26: AUSTRALIA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 27: ASEAN COUNTRIES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

FIGURE 28: REST OF ASIA-PACIFIC BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

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