Dec 28 2010
Currently Biomass is at the top of the list of renewable energy sources globally and this source is capable of producing a number of energy products such as bio derived products including chemicals and plastics; and transportation fuels.
The biomass industry has seen a number of upheavals during the past few years due to the changing policies and mandates of the Government. However, a recent Pike research report predicts that the financial investment in biomass equipments during the next five years will maintain a stable growth, growing from $28.2 billions in 2010 to $33.7 billion by 2016.
According to Clint Wheelock, President of Pike Research, R&D initiatives are being actively carried out all over the world but the biomass sector also includes several verified technologies that are capable of utilizing the existing feed stocks such as rapid thermal processing, extraction of methane gas from municipal waste, combustion and gasification and generation of power from anaerobic digestion. Wheelock further stated that even as the overall biomass industry has seen a break in the investment patterns, a few choice segments would provide considerable growth opportunities. According to Pike Research’s analysis, the biofuels sector would show sluggish growth when compared to bioproducts and bioenergy till such a time when second and third generation cellulose technologies are commercialized i.e. maybe after two to three years.
A study conducted by Pike Research titled, ‘Biomass Markets and Technologies’, gives a complete global analysis about the biomass market opportunities concentrating on bioproducts, biofuels and power generation. A thorough scrutiny of demand drivers, regulatory factors, policy, technology issues and the global industry players are also given in the report. Market predictions till 2035 for major biomass varieties are also included in the detailed quantitative analysis.
Source: http://www.pikeresearch.com