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Biomass Power - Industry Market Research Report

  • March 2017
  • -
  • Ibisworld
  • -
  • 33 pages

Summary

Table of Contents

Fired up: Demand for renewable energy will keep industry plants burning bright

Abstract
Biomass Power
The Biomass Power industry has grown at a healthy rate in the five years to 2017. The industry's expansion has been propelled in part by several federal renewable energy tax credits that encouraged the use of biomass power.

In the coming years, continued economic recovery will spur growth in manufacturing and industrial production sectors, increasing the level of electricity consumption and translating to higher demand for biomass power.

However, the uncertain future of tax credits will temper significant revenue gains.Enterprises in this industry operate electricity-generating facilities using biomass (e.g. agricultural byproducts, landfill gas and biogenic municipal waste). Establishments primarily engaged in operating trash disposal incinerators that also generate electricity are classified in the Waste Treatment and Disposal Services industry (IBISWorld 56221).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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