Due to the growing inclination towards natural resources for use as fuel, the market for biopower is growing. Market Research Future (MRFR) has published a research report about the global biopower market that predicts growth for this market between 2016 and 2027.
Observing the market structure, this report offers insights about factors affecting the market growth. Weighing the market size and foretelling the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
The eminent factors accelerating the global biopower market growth are the favourable government regulations regarding renewable sources of energy, growing demand for renewable energy, and development in technology regarding cost-effective renewable sources. Government regulations favour renewable sources of energy as the latter ‘s use can curb carbon emissions and various kinds of environmental pollution. Development in technology not only helps the production of biopower and but also the proper harnessing of biopower.
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The global biopower market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation segments this market into commercial applications, industrial applications, and residential applications. Commercial applications cover commercial establishments like shops and restaurants. Industrial applications cover factories and manufacturing units. Residential applications cover residential houses and buildings.
By type, the market has been segmented into biogas and biomass. Biogas is a mixture of different gases produced by the breakdown of organic matter in the absence of oxygen. Biomass is defined as the waste material from plants or animals that are not used for food or feed. It can be waste from animal farming, farming or horticulture, food processing, or human waste from sewage plants.
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The regional segmentation of the global biopower market segments the global market into regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, North America is expected to dominate the BioPower market mainly due to favorable government regulations. The integration of BioPower has been anticipated to increase in this region, providing the market with scope for further growth. The United States of America (USA) and Canada are the two most technologically advanced nations that can be strong country-specific markets in this region.
The key players in the global biopower market include A2A (Italy), Biopower Operations Corporation (USA), Dalkia (France), EnviTec Biogas AG (Germany), MVV Energie AG (Germany), Schmack Biogas GmbH (Germany), and Weltec Biopower GmbH (Germany).
Latest Industry News
Karachi-based Bus Rapid Transit (BRT) network is set to be Pakistan’s first ever zero-emission public transport system that is going to launch a zero-emission bio-power transportation fleet of 200 buses in Karachi. 20 JAN 2019
Lloyd’s Register (LR) and University Maritime Advisory Services (UMAS) have collaborated to release “Zero-Emission Vessels Transition Pathways.” 29 JAN 2019
A joint venture between Indian Oil Corporation and Oiltanking GmbH of Germany called IOT Infrastructure, and Energy Services is tweaking its biogas plant to manufacture bio-CNG for vehicles in Tamil Nadu. It has plans to set up more greenfield projects for the clean auto fuel. 3 JAN 2019
Equipment associated with the company formerly known as Ineos BioEnergy 8 MMgy cellulosic ethanol plant and 6 MW bioenergy plant in Vero Beach, Florida, have been sold piecemeal via a timed auction. 11 JAN 2019
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