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India Biomass Market By Type (Natural Biomass, Residual Biomass, and Biomass Produced By Energy Crops), By Technology (Thermochemical, Biochemical), By Products (Biopower, Transportation Fuels, Biogas, and Biomaterials), By End Use (Industrial, Transportation, Residential, Utility, and Commercial), By Region, Competition, Forecast and Opportunities, 2019-2029F


Published on: 2024-12-05 | No of Pages : 320 | Industry : Power

Publisher : MIR | Format : PDF&Excel

India Biomass Market By Type (Natural Biomass, Residual Biomass, and Biomass Produced By Energy Crops), By Technology (Thermochemical, Biochemical), By Products (Biopower, Transportation Fuels, Biogas, and Biomaterials), By End Use (Industrial, Transportation, Residential, Utility, and Commercial), By Region, Competition, Forecast and Opportunities, 2019-2029F

India biomass market is expected to increase during the forecast period because India is aiming to reduce its reliance on fossil fuels in its journey to reach net-zero emissions by 2070. It has accordingly mandated utilities to co-fire biomass with coal. This will raise demand for biomass in the coming years, but ample domestic supplies mean that consumers are unlikely to turn to the seaborne market, at least in the foreseeable future.

India currently has an installed capacity of 10.2 GW for biomass production.

According to the MNRE (Ministry of New and Renewable Energy), the present accessibility of biomass in India is projected at about 750 mm tonnes per year.

Biomass is a renewable organic material that derives from plants and animals. Biomass represses stored chemical energy from the sun that is fabricated by plants through photosynthesis. Biomass can be burned down directly for heat or transformed to liquid and gaseous fuels through numerous processes. Biomass is used for heating and electricity generation and as a transportation fuel. Biomass is a worthy fuel in many countries, especially for cooking and heating in India.

Biomass Power and Bagasse Co-generation Program

approximately 550 power plants with a combined capacity of 9.37 GW have been commissioned in the states of Maharashtra, Uttar Pradesh, Karnataka, Tamil Nadu, Andhra Pradesh, Chhattisgarh, West Bengal, and Punjab, in India

Similarly, various types of biomass waste, such as wood wastes, agricultural residues, animal manures, and municipal wastes, all have significant potential for producing energy either through thermochemical or biochemical processes. In 2018, some important bioenergy program were started viz, the New National Policy on Biofuels and the program on Energy from Urban, Industrial, and Agricultural Waste/Residues. These initiatives aimed to keep ongoing policies and program up to date to better address the upcoming difficulties in the energy sector. In addition, the government of India has taken several initiatives to increase the amount of biogas that is produced in the nation. The New National Biogas and Organic Manure Program (NNBOMP) and the Biogas Power Generation (Off-grid) and Thermal Energy Application Program (BPGTP) were both recently launched by the government as central schemes to ease the process of establishing biogas production units.


MIR Segment1

India Biomass MarketMajor Recent Developments

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India Biomass MarketChallenges

Despite the growth potential, the India biomass market faces several challenges. One of the main challenges is the accessibility and cost of biomass feedstock. The cost of biomass can differ depending on the season, location, and availability, which can impact the profitability of biomass power plants. In addition, the transportation of biomass from the source to the power plant can add to the cost.

Another challenge is the environmental effect of biomass power plants. While biomass is considered a renewable energy source, its production and use can still have adverse impacts on the environment. For example, the combustion of biomass can release greenhouse gases and other pollutants, which can contribute to climate change and air pollution. Therefore, it is essential to ensure that biomass power plants are used within environmentally sustainable practices.

Additionally, the process of biomass generation requires high initial and operating cost. High transportation, feedstock acquisition cost along with cost associated with pre-treatment technologies of biomass is expected to restrain the growth of the industry. Moreover, the additional expenses associated with cost of generating electricity is hindering the market growth.

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Market Segmentation

India biomass market is segmented into type, technology, products, end use and region. Based on type, the market is segmented into natural biomass, residual biomass, and biomass produced by energy crops. Based on technology, the market is segmented into thermochemical and biochemical. Based on products, the market is segmented into biopower, transportation fuels, biogas, and biomaterials. Based on end use, the market is segmented into industrial, transportation, residential, utility, and commercial. Based on region, the market is segmented into North India, South India, West India, and East India.

Market Players

India Biomass market players include Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Reliance industries Limited, Universal Biofuels Private Limited Private Limited, Khanda Biofuels Private Limited Private Limited, G-Energetic Biofuels Private Limited, Altret Industries Private Limited, Biodiesel Technocrats Private Limited, Abellon CleanEnergy Limited, and Universal Biofuels Private Limited Private Limited Private Limited.

Attribute

Details

Base Year

2023

Historic Data

2019 – 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Revenue in USD Million and CAGR for 2019-2023 and 2024-2029

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

Technology

Products

End Use

Region

Regional Scope

North, South, West, East

Key companies profiled

Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Reliance industries Limited, Universal Biofuels Private Limited Private Limited, Khanda Biofuels Private Limited Private Limited, G-Energetic Biofuels Private Limited, Altret Industries Private Limited, Biodiesel Technocrats Private Limited, Abellon CleanEnergy Limited., Universal Biofuels Private Limited Private Limited Private Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Delivery Format

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Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )