Market by Feedstock, Technology, Application, and Country Outlook | Forecast 2022-2028
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
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)