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Global energy from biomass to reach 83.1 GW by 2017

Nov. 10, 2011, San Jose, CA - Global Industry Analysts, Inc. (GIA) announced the release of a comprehensive global report on the Biomass and Waste-to-Energy markets, forecasting the energy capacity to reach 83.1 GW by 2017.


November 10, 2011
By David Manly

Nov. 10, 2011, San Jose, CA – Global Industry Analysts, Inc. (GIA) announced the release of a comprehensive global
report on the Biomass and Waste-to-Energy markets, forecasting the energy capacity to reach 83.1
GW by 2017.

This increase, according to the report, will be driven primarily by the growing significance of the
renewables in the mainstream energy sector. The growing need for energy
security, rising fuel prices, increasing pressure to reduce greenhouse
gas emissions, and the eco-friendly profile of biomass are driving
governments to focus efforts on biomass, and waste-to-energy market

Biomass and hydropower are the major renewable energy sources and
contribute to about one-fifth share in the mainstream energy market. The
global economic downturn resulted in a slight decline in the
investments in few sectors of the renewable energy market, such as solar
energy and biomass, which was however countered due to the favorable
investment scenario in renewable power sectors. Global economic recovery
and rising fuel prices would drive governments to place greater
emphasis on renewable energy sources.

Biomass is a major source of renewable energy, largely due to its use
in a wide range of energy products such as electricity generation,
transportation fuels, as well as bio-derived products such as chemicals
and plastics. Government policies and mandates have significantly
affected growth prospects in the biomass industry. Escalating demand and
shrinking global reserves of fossil fuel are expected to enhance the
significance of renewable energy resources. With growing levels of
awareness about potential damage to planet due to global warming,
governments and companies across the world are focusing on measures
aimed at minimizing the impact of human operations on the climate. Biomass and waste-to-energy
is the leading renewable energy source and the most important fuel in
use apart from oil, coal and natural gas. Development of biomass energy
depends on government incentives offered in the form of capital grants,
tax breaks and soft loans. In addition, the level to which the
production of biomass is raised through agricultural land affects the
future development potential of biomass energy.

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The global waste-to-energy market is forecast to grow rapidly
propelled by the increased uptake of waste-to-energy technologies along
with policy changes and population growth. Rapid growth of Asian markets
and maturation of waste management regulations and climate mitigation
strategies in Europe are expected to boost the global market for
waste-to-energy technologies, driven by the developments in the
alternative fuels and power industry, as well as the waste management
industry. The waste-to-energy industry is also expected to benefit from
the emerging opportunities in regions such as India, China, Europe and
the US. Asia-Pacific region is expected to surpass Western Europe and
emerge as the largest market in terms of waste-to-energy investments.
Countries from the region, in particular China, are the fast-emerging
markets for waste-to-energy systems. Majority of the Asian nations make
use of thermal waste-to-energy (WTE) technology that utilizes heat to
transform waste into heat energy or electricity.

As stated by the new market research report on Biomass and
Waste-to-Energy, the US continues to remain the single largest regional
market. Excessive dependence on imported fuels, rising energy costs,
volatile fuel prices, depleting reserves of fossil fuels, and growing
environmental concerns have enhanced the significance of renewable
energy sources in the US. Asia-Pacific represents the fastest growing
regional market displaying a CAGR of about 10.3% over the analysis
period, in terms of installed capacity. Asia’s over-dependence on oil
imports implies that the region is vulnerable to the extreme volatility
of energy prices. Consequently, several countries have initiated
projects for higher biomass projects, which have been partly affected by
the rising cost of raw materials and inconsistencies in government
policies.

Major players in the marketplace include 2G Bio-Energietechnik AG,
Advanced Alternative Energy Corp., Biogas Nord AG, Casella Waste
Systems, Inc., CH Energy Group Inc., Covanta Energy Corporation,
Community Power Corporation, Decker Energy International Inc., Capital
Power Income L.P., Essent N.V., FlexEnergy LLC, Nexterra Energy Corp.,
Novera Energy PLC, North American Power Group Ltd., NRG Energy Inc.,
Primenergy L.L.C, Sierra Pacific Industries Inc., and Wheelabrator
Technologies Inc.

The research report titled "Biomass and Waste-to-Energy: A Global
Strategic Business Report" announced by Global Industry Analysts, Inc.,
provides a comprehensive review of trends, issues, strategic industry
activities, and profiles of major companies worldwide. The report
provides market estimates and projections (MW and Million kWh) across
geographic markets such as the US, Canada, Japan, Europe (France,
Germany, Italy, UK, and Rest of Europe), Asia-Pacific, Latin America,
and Rest of World.

For more details about this comprehensive market research report, please visit –

www.strategyr.com/Biomass_and_Waste_to_Energy_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA)
is a leading publisher of off-the-shelf market research. Founded in
1987, the company currently employs over 800 people worldwide. Annually,
GIA publishes more than 1300 full-scale research reports and analyzes
40,000+ market and technology trends while monitoring more than 126,000
Companies worldwide. Serving over 9500 clients in 27 countries, GIA is
recognized today, as one of the world's largest and reputed market
research firms.


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