Biofuels
Monday, 18 June 2012 14:10

Biomass industry projected to grow

Taiyou Research compiled a report on biomass and how the industry will grow within the bio-power, biofuels and bio-product sectors in the next two decades. Today about 70% of all the biomass in the world is used in the residential sector while only 14% is used in the industrial sector. 

Over the years to come, biomass will grow within the bio-power, biofuels and bio-product sectors. The market value of electricity generated from biomass in the United States was over $45-billion in 2011.

About 70% of all biomass in the world is used in the residential sector, while 14% is used in the industrial sector and 11% is transformed into electricity, heat or another energy carrier such as liquid fuel or biogas.

biomass industry_projected

Under the present market conditions, the majority of available renewable power resources, including biomass power, are yet to become cost-competitive compared to non-renewable resources, including coal and natural gas.

Going forward, benefits from national level programmes, energy-efficiency incentives and financial incentives targeting the expansion of the renewables market will create demand for additional biomass power capacity globally between 2012 and 2035.

The report called Global Biomass Industry, which was developed by Taiyou Research, covers an in-depth analytical discussion of the total world biomass industry and offers an insight into the market processes, industry performance and competitive landscape.

In the report Taiyou Research states that biomass plants are highly capital-intensive, making the adoption of biomass technology for electricity generation rather expensive when compared to thermal power generation. “Unlike coal, biomass products including wood pellets must be kept indoors to reduce its moisture content.” The report also highlights some of the areas in which biomass is lacking. “As biomass feedstock lacks durability, issues such as storage and transportation add cost to biomass power generation, making biomass power generation expensive.”

The markets of biomass for energy are developing rapidly and are becoming more international. A remarkable increase in the use of biomass for energy needs parallel and positive development in several areas and there will be plenty of challenges to overcome. Currently, only a limited number of modern bio-energy technologies are viable at market prices, which include Brazilian sugar-based ethanol and wood-based heating in Northern Europe, and industrial applications such as cogeneration technology based on residues from production processes, including these in sugar factories and timber mills.

As biomass power projects are largely very capital-intensive, this remains a significant challenge for a number of utilities in entering countries with abundant feedstock availability. Going forward, the Clean Development Mechanism (CDM) programme and availability of carbon credits for renewable energy projects will drive the growth of the biomass power market.

In this industry scenario Taiyou Research analyses the global biomass industry. The report contains an introduction to what biomass is and the various conversion processes for biomass to energy. The environmental impact of using biomass is also covered. The report includes an analysis of the challenges facing the global power industry and why the world needs biomass power. “We analysed the global electricity market through electricity net generation and installed electricity capacity, as well as the importance of renewable resources,” Taiyou Research said. 

The use of biomass for generating energy is looked at with the likely fall in prices of biomass power. The report also includes an outlook for the global biomass industry, including the global electricity market, global renewables sector and the global biomass power market. 

In the report one will also find an overview of the potential of biomass resources in various countries like Finland, Germany, Sweden and the United Kingdom. “Impacts on the global biomass power industry are analysed through the challenges facing the market and the factors driving the market,” said Taiyou Research. The report further gives information on the major role players in the global biomass industry. “Players are analysed through a company overview, an analysis of their businesses and a SWOT analysis,” adds Taiyou Research. Over 25 global players are mentioned in the report.

Taiyou Research’s report on the global biomass industry is a complete analytical presentation of this high-growth industry. Download the full report at: http://marketpublishers.com/report/industry/energy/global_biomass_industry_taiyou.html