San Jose, California (PRWEB) November 09, 2011
Biomass and hydropower are the major renewable energy sources and contribute to about one-fifth share in the mainstream energy market. The global economic downturn resulted in a slight decline in the investments in few sectors of the renewable energy market, such as solar energy and biomass, which was however countered due to the favorable investment scenario in renewable power sectors. Global economic recovery and rising fuel prices would drive governments to place greater emphasis on renewable energy sources.
Biomass is a major source of renewable energy, largely due to its use in a wide range of energy products such as electricity generation, transportation fuels, as well as bio-derived products such as chemicals and plastics. Government policies and mandates have significantly affected growth prospects in the biomass industry. Escalating demand and shrinking global reserves of fossil fuel are expected to enhance the significance of renewable energy resources. With growing levels of awareness about potential damage to planet due to global warming, governments and companies across the world are focusing on measures aimed at minimizing the impact of human operations on the climate. Biomass and waste-to-energy is the leading renewable energy source and the most important fuel in use apart from oil, coal and natural gas. Development of biomass energy depends on government incentives offered in the form of capital grants, tax breaks and soft loans. In addition, the level to which the production of biomass is raised through agricultural land affects the future development potential of biomass energy.
The global waste-to-energy market is forecast to grow rapidly propelled by the increased uptake of waste-to-energy technologies along with policy changes and population growth. Rapid growth of Asian markets and maturation of waste management regulations and climate mitigation strategies in Europe are expected to boost the global market for waste-to-energy technologies, driven by the developments in the alternative fuels and power industry, as well as the waste management industry. The waste-to-energy industry is also expected to benefit from the emerging opportunities in regions such as India, China, Europe and the US. Asia-Pacific region is expected to surpass Western Europe and emerge as the largest market in terms of waste-to-energy investments. Countries from the region, in particular China, are the fast-emerging markets for waste-to-energy systems. Majority of the Asian nations make use of thermal waste-to-energy (WTE) technology that utilizes heat to transform waste into heat energy or electricity.
As stated by the new market research report on Biomass and Waste-to-Energy, the US continues to remain the single largest regional market. Excessive dependence on imported fuels, rising energy costs, volatile fuel prices, depleting reserves of fossil fuels, and growing environmental concerns have enhanced the significance of renewable energy sources in the US. Asia-Pacific represents the fastest growing regional market displaying a CAGR of about 10.3% over the analysis period, in terms of installed capacity. Asia’s over-dependence on oil imports implies that the region is vulnerable to the extreme volatility of energy prices. Consequently, several countries have initiated projects for higher biomass projects, which have been partly affected by the rising cost of raw materials and inconsistencies in government policies.
Major players in the marketplace include 2G Bio-Energietechnik AG, Advanced Alternative Energy Corp., Biogas Nord AG, Casella Waste Systems, Inc., CH Energy Group Inc., Covanta Energy Corporation, Community Power Corporation, Decker Energy International Inc., Capital Power Income L.P., Essent N.V., FlexEnergy LLC, Nexterra Energy Corp., Novera Energy PLC, North American Power Group Ltd., NRG Energy Inc., Primenergy L.L.C, Sierra Pacific Industries Inc., and Wheelabrator Technologies Inc.
The research report titled “Biomass and Waste-to-Energy: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (MW and Million kWh) across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Biomass_and_Waste_to_Energy_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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