Small Scale Biomass Based CHP Plants Market Highlights 2020-2029
Biomass combustion is a carbon-free process since the resulting carbon dioxide is firstly captured by the plants being combusted. Biomass combined heat & power can be a valuable technology for sites with a constant demand for heat and electricity.
The market is anticipated to gather a large revenue by attaining a high CAGR over the forecast period, i.e., 2021-2029. Factors such as the definite outlook for natural gas supply and price, environmental regulatory pressures on power plants, and increased energy efficiency are expected to globally drive the growth of small-scale biomass based combined heat & power plants (CHP) plants market. Over the years, many efforts have been made to remove technical and regulatory barriers and promote wider adoption of combined heat and power. Factors such as grid interconnection and significant initial capital investment remain a considerable challenge for the small-scale biomass based combined heat & power plants (CHP) plants market.
Based on application type, the commercial & industrial segment in the small-scale biomass-based CHP plants market is projected to grow with a significant CAGR over the forecast period. The segment's growth can be attributed to the rising number of industrial & commercial units that use biomass in their power plants.
Small-Scale Biomass-Based CHP Plants Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America is predicted to grow at the highest CAGR over the forecast period due to the majority of the demand coming from the United States and Canada.CLICK TO DOWNLOAD SAMPLE
The global small-scale biomass-based CHP plants market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global small-scale biomass-based CHP plants market includes the following segments:
By Application Type
- Utilities
- Commercial & Industrial
- Residential
Growth Drivers
- Increasing Demand for Energy Efficiency in Industries
- Environmental Regulatory Pressures on Power Plants
Challenges
- High Installation Cost
- High Maintenance Cost
Top Featured Companies Dominating the Market
- AGO GmbH Energie Anlagen
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Siemens Energy AG
- General Electric Company
- Bosch Thermotechnik GmbH
- Kawasaki Heavy Industries Ltd.
- FuelCell Energy, Inc.
- Veolia Environnement S.A.
- Wärtsilä Oyj Abp
- MAN Energy Solutions SE
