Industry Analysis & Industry Trends
The Biomass Power industry has grown at a healthy rate in the five years to 2014. 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, the 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.... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of biomass power producing facilities is heavily influenced by the natural features and crops grown in a given region. During the next five years, IBISWorld expects the number of establishments in the Great Lakes region to rise to take advantage of the forests and potential wood waste. In addition, there is likely to be growth in the plains region as companies look to use manure and farming waste to fuel their facilities.
The West dominates the industry with about 31.1% of total establishments, well above its estimated 17.0% share of the national population. This is largely due to the state of California, which is home to 21.0% of establishments on its own... purchase to read more