The report, titled “Biopower Market - Global Market Size, Average Price, Major Feedstock, Regulations, And Key Country Analysis To 2025” offers an in-depth overview of the global biopower market covering various product definitions, segmentation based on various parameters, and the prevalent vendor landscape. The pace of gains in the market will mainly increase due to the rapid growth witnessed in the global renewable energy industry.
Biopower is a niche segment in the renewable energy market, despite which the market is forecast to report strong growth in the near future. Biopower is cost-competitive and a reliable source of energy helping governments in the U.S. and major European countries achieve their goals determined under renewable portfolio standards (RPS). Additionally, experts suggest extracting energy from biopower can promote economic growth. The aforementioned factors have provided significant boost to the market and have been creating diverse opportunities for equipment suppliers, small businesses, utilities, power plant vendors, and agribusinesses. Moreover, generating energy from biopower could help nations tackle with the soaring environmental concerns. Spurred by these factors, the global biopower market is forecast to show robust growth through the course of the forecast period.
The global biopower market is expected to exhibit strong in the near future due to various underlying factors. The primary factor driving the market is the rising demand for energy around the world. Additionally, the soaring climate and environmental concerns are likely to propel the market’s growth. Besides this, the increasing investments by governments in the biopower technologies to slowly bring down the dependence on fossil fuels and encourage the use of energy derived from renewable sources have been a key catalyst to the expansion of the global biopower market.
The incessant demand for subsidies for the development of biopower plants in European countries and the high capital required for setting up the same, followed by high operational costs and the absence of well-established feed stocks could however stall the market’s expansion to an extent. Nevertheless, the increasing research and development activities, coupled with favorable government policies, tax parity for biopower, and the increasing investment in the renewable energy sector are likely to augment the market’s growth over the course of the forecast period.
Besides providing an in-depth analysis of the various factors supporting or restraining the market’s trajectory the report also offers a comprehensive analysis of the prevailing competitive landscape. For the purpose of the study, it thus profiles companies such as Dalkia, A2A, EnviTec Biogas AG, Biopower Operations Corporation, Schmack Biogas GmbH, MVV Energie SG, and Weltec Biopower GmbH. The report provides a detailed assessment of the various strategies adopted by these companies and the impact of the same on the overall market operations. Information thus compiled in the report is intended to help stakeholders and readers get a better perspective of the global biopower market and opportunities existing for the market participants.
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