Global Bio Power Market is Predicted to Grow Due to Growing Demand for Renewable Energy Between 2016 and 2027 | MRFR
The Bio Power Market research report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Pune, India – March 12, 2019 /MarketersMedia/ —
Due to the growing inclination towards natural resources for use as fuel, the market for bio power is growing. Market Research Future (MRFR) has published a research report about the global bio power 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 bio power 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 bio power and but also the proper harnessing of bio power.
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Competitive Dashboard
The key players in the global bio power 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).
Bio power Market Segments Analysis
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.
Bio power Regional Market Analysis
The regional segmentation of the global bio power 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 Bio Power market mainly due to favorable government regulations. The integration of Bio Power 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.
Europe and the Asia Pacific are the other major regions for the Bio Power market due to the growing manufacturing sector in these regions.
In Europe, France, Germany and the United Kingdom (UK) are the strongest economies that can be potential country-specific markets in this region. In the Asia Pacific region, economies can be potential markets are China, India, and Japan.
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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