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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

The Biomass Power industry has experienced substantial growth in the five years to 2013. Similar to other green energy sources, such as solar and geothermal power, biomass power technology has been developed rapidly with the help of government incentives that push for renewable energy. Firms that build and operate biomass power plants have benefited from tax credits and requirements for downstream utilities to diversify energy holdings and integrate a certain percentage of renewable energy into the energy they sell. Additionally, power purchase agreements, which are long-term agreements between biomass plant owners and wholesale energy purchasers, have allowed industry firms to secure long-term revenue streams for their projects... 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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