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Biomass Power in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Biomass Power Market Research Report | Technology | Renewable Energy | Jan 2013

Firing up: State funding for green energy will keep the industry growing

The Biomass Power market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$820m
Annual Growth 08-13
9.5%
Annual Growth 13-18
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Profit
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Employment
4,025
Businesses
67
Industry Analysis & Industry Trends

The Biomass Power industry has grown at a healthy rate in the five years to 2013. The federal government has propelled this growth with the implementation of tax credits through several pieces of legislation, including the American Recovery and Reinvestment Act of 2009, that encourage the expansion of biomass power facilities. Furthermore, the majority of states have enacted renewable portfolio standards (RPSs), which require local utilities to generate electricity from renewable power as a percentage of their total energy portfolio. Increased campaigning for green technology also has influenced industry performance by sparking interest in technologies that replace pollutant-generating energy sources, such as coal and gas.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Biomass power production in the United States is growing strongly, underpinned by a combination of favorable government incentives and technological advancements. Furthermore, biomass power falls into the category of green technology and benefits from rising public and private sentiment. Currently, the industry is expected to generate over half of the United States' green electricity. Industry value added (IVA), which measures the industry's contribution to the overall economy, is anticipated to increase at an annualized rate of 4.6% over the 10 years to 2018, outpacing GDP growth of 1.8%. Furthermore, industry revenue has substantially outpaced GDP, growing at a forecast annualized rate of 7.0% over the same period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Biomass Power Industry?

Firms in this industry operate electricity generating facilities (other than wind power and solar power), using biomass (e.g. agricultural byproducts, landfill gas and biogenic municipal waste). Subset of report: 22111C

Industry Products
Direct-fired productionCofiring productionGasification production
 
Industry Activities
Biomass-fueled power generation


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