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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

IBISWorld’s Biomass Power market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Starting a New Business Chapter

Potential entrants into the Biomass Power industry face relatively high barriers because they must have large amounts of capital and a certain expertise to enter the industry. The large amounts of capital are necessary for the purchase of equipment that is required to generate biomass power. However, the fuels required to generate electricity after the initial equipment purchase cost significantly less than other forms of energy.

The electricity generation industry is relatively well established. Most companies are large and have long-term contracts with upstream and downstream industries. As a result, new entrants would have a difficult time securing steady business and would likely have to provide for a small community or small business to begin operations... 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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