Market by Feedstock, Technology, Application, and Country Outlook | Forecast 2022-2028
As per Triton Market Research’s report, the biomass power market in Latin America is estimated to grow with a revenue CAGR of 6.89% and a volume CAGR of 7.32% in the forecasting period from 2022 to 2028.
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The countries included in this region include:
• Brazil
• Argentina
• Mexico
• Rest of Latin America
Argentina is expected to witness the fastest
growth in the region’s biomass power market in the
forecasted period. Latin America is an economy that extensively relies on oil
& gas for the energy mix. The region, however, is now focusing on power
generation via renewable resources. This, in turn, is expected to foster the
development of its biomass power market.
Currently, biomass and other sources account for less than 1% of
Mexico’s electricity production. However, to attain the nation’s goal of
producing 5% of its electricity from biomass by 2030, major investments have
been made to promote the use of biomass in the energy generation mix. In May
2016, the biomass plant at La Perseverancia landfill near Cuautla, in the state
of Morelos, began operation. This was done in accordance with the
aforementioned objective to increase the share of biomass power in the
country’s energy mix. This biomass facility uses solid waste to generate
electricity. These developments are expected to bolster the Mexican biomass
power market’s growth.
Statistics from the Biomass Committee of
Argentina’s renewable energies chamber (CADER) show that there are 60 to 80
biomass plants in the country, with 20 of these having large facilities. These
plants are utilized for treating urban organic or solid waste components, as
well as mini-lagoons or mini-bio digesters covered for home consumption. These
developments are indicative of a positive outlook for the biomass power market
in Argentina.
Gasification technology involves converting solid biomass into a
combustible gas by means of multiple thermochemical reactions. One of
gasification’s key advantages over other biochemical conversion processes is the
speed at which the product may be produced. However, in comparison to other
processes, the high cost of gasification is a significant barrier to its
implementation. Although, there are ongoing research and development activities
for membrane separation technology, which is anticipated to lower the
implementation cost of gasification.
Triton’s report assesses the market according to
technology, feedstock, and application. Here, the technology segment comprises
gasification, co-firing & CHP, anaerobic digestion, and LFG combustion.
The distinguished players in the biomass power
market include Suez SA, Xcel Energy Inc, Orsted, Ramboll Group, Valmet Oyj,
Mitsubishi Heavy Industries Ltd, and Ameresco Inc.
Babcock & Wilcox Enterprises is a company providing advanced technology-based fossil & renewable power generation solutions and environmental equipment. It offers a wide range of biomass-fired boilers products, such as waste-to-energy boilers, supercritical boilers, package boilers, waste heat boilers, heat recovery steam generators, and process recovery boilers, among others. Babcock & Wilcox’s products find applications in varied sectors, such as biomass, coal & natural gas, municipal solid waste, and other renewable fuels. The company has operations in Mexico, among other countries across the world.
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 Latin 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 Model
●
A wide-ranging study of factors that will challenge the Latin
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.
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VIEW REPORT1. LATIN
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. LATIN
AMERICA BIOMASS POWER MARKET OUTLOOK – BY FEEDSTOCK
3.1. SOLID
BIOMASS
3.2. LIQUID
BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL
SOLID WASTE
4. LATIN
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. LATIN
AMERICA BIOMASS POWER MARKET OUTLOOK – BY APPLICATION
5.1. RESIDENTIAL
5.2. COMMERCIAL
5.3. INDUSTRIAL
6. LATIN
AMERICA BIOMASS POWER MARKET – COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. ARGENTINA
6.4. REST
OF LATIN AMERICA
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: LATIN AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 2: LATIN 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: LATIN AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 10: LATIN AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 11: LATIN AMERICA
BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 12: LATIN AMERICA
BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 13: LATIN AMERICA
BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 14: LATIN 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: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2021 &
2028 (IN %)
FIGURE 6: LATIN AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2028
(IN $ BILLION)
FIGURE 7: LATIN AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS,
2022-2028 (IN $ BILLION)
FIGURE 8: LATIN AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2022-2028 (IN $
BILLION)
FIGURE 9: LATIN AMERICA BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE,
2022-2028 (IN $ BILLION)
FIGURE 10: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2021 &
2028 (IN %)
FIGURE 11: LATIN AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION,
2022-2028 (IN $ BILLION)
FIGURE 12: LATIN AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2022-2028
(IN $ BILLION)
FIGURE 13: BIOMASS GASIFICATION PROCESS
FIGURE 14: LATIN AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2022-2028
(IN $ BILLION)
FIGURE 15: LATIN AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP,
2022-2028 (IN $ BILLION)
FIGURE 16: LATIN AMERICA BIOMASS POWER MARKET, BY LFG, 2022-2028 (IN $
BILLION)
FIGURE 17: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2021 &
2028 (IN %)
FIGURE 18: LATIN AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2028
(IN $ BILLION)
FIGURE 19: LATIN AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2028
(IN $ BILLION)
FIGURE 20: LATIN AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2028
(IN $ BILLION)
FIGURE 21: LATIN AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 22: BRAZIL BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 23: MEXICO BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 24: ARGENTINA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 25: REST OF LATIN AMERICA BIOMASS POWER MARKET 2022-2028 (IN $
BILLION)