LONDON--(BUSINESS WIRE)--The global biopower industry is expected to more than double capacity in the next ten years, according to a new report available on companiesandmarkets.com. Governments are investing hugely in biopower technologies for energy security purposes. Currently, bioenergy accounts for around 10% of the total global primary energy supply.
Biopower - Global Market Size, Feedstock Analysis, Regulations and Investment Analysis to 2020
The global biopower market will grow at a annual rate of more than 7% over the next ten years, with capacity expected to increase from about 64,581 megawatts (MW) in 2010 to approximately 131,520 MW by the end of 2020. The contribution of biomass to the total is forecast to decline to 84.3% (from 97%) and biogas is forecast to grow to 15.7%.
The leading biopower countries account for 45.6% of global installed capacity. The US is market leader in the global biomass industry, accounting for almost 16.5% of global installed capacity, followed by Germany and India, with 9.4% and 4.3% respectively.
In Germany, around 74% of the total biopower generation in 2010 was from utilizing biogenic solid fuels and other biogas as feedstocks. Biogenic liquid fuels and biogenic waste also contributed more than 20% of the biopower generation in Germany in 2010. Besides these, sewage gas and landfill gas had a combined share of around 5.4% in the country's biopower generation in 2010
The report provides a detailed analysis of the global biopower market and also provides market analysis of the US, Canada, India, Australia, Belgium, Italy, Germany and the UK biopower markets. The research provides historical and forecast data to 2020 for installed capacity, power generation, installation price and investments. The research details the installed capacity split by biomass and biogas and feedstock analysis of the major countries active in the global biopower market. The report analyses renewable energy initiatives with policy framework in countries such as the US, Canada, India, Australia, Belgium, Italy, Germany and the UK.