BIOMASS SOLID FUEL MARKET ANALYSIS

Biomass Solid Fuel Market, By Source ( Wood Pellets, Crop Residue, Energy Crops, Municipal Solid Waste (MSW), Others (Peat, Sawdust, etc.) , By Application (Space Heating/Cooling, Cooking, Heat Processing, Electricity Generation, Others), By End Use 9Industrial, Institutional, Domestic ), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023
Code : CMI3977
Pages :120
Formats :
Excel and PDF
Industry : Energy

Biomass Solid Fuel MarketSize and Trends

Global biomass solid fuel market is projected to reach around US$ 501.6 Billion by the end of 2030, in terms of revenue, growing at CAGR of 9.7% during the forecast period (2023-2030).

Global Biomass Solid Fuel Market: Trends

Increase in consumption of fossil fuels

Increasing industrialization, and economic development leads to high consumption of fossil fuels. Fossil fuel reserves are limited, and these are depleting at an alarming rate. Biomass solid fuel along with other renewable energy resources are expected to be the potential alternatives of fossil fuels. Nowadays, bagasse and other agricultural residues are commonly used to produce power and heat in Brazil, and thus, demand for biomass solid fuel is rising.