Biomass Briquettes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Sawdust Briquettes, Agro waste Briquettes, Wood Briquettes), By Application (Power Generation, Thermal Energy and Others), By Region, Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Power | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBiomass Briquettes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Sawdust Briquettes, Agro waste Briquettes, Wood Briquettes), By Application (Power Generation, Thermal Energy and Others), By Region, Competition
The Global Biomass Briquettes Market
Biomass Briquettes are a viable alternative to traditional fuels. Industries recognize the advantages of using Biomass Briquettes to reduce pollution. In addition to having a higher calorific value than coal, Biomass Briquettes save 30-40%, on average, in fuel costs.
Adoption of Biomass Briquettes in the Developed Countries
Biomass Briquettes are primarily used in developing countries where cooking fuels are not as readily found at. The briquettes have been using in the developed world, where they are used to heat industrial boilers to produce electricity from steam. The briquettes are co-fired with coal to create the heat supplied to the boiler. Biomass briquettes are extensively used for energy production, heating, and cooking fuel. They are generally comprised of green waste and other organic materials. These compressed compounds are made up of a variety of organic components, such as rice husk, bagasse, powdered nut shells, and agricultural waste. The composition of the briquettes varies by region owing to raw material availability. The raw materials are collected and crushed into briquettes to allow them to burn longer and make transportation simpler, propelling the Global Biomass Briquettes market..
The Rising Need for Biofuel Alternatives
The critical growth reasons for the biomass briquettes market are the increasing demand for biofuel replacements in industrial applications and attempts to limit fossil fuel usage. To combat global warming and growing greenhouse gas emissions, governments and environmental organizations are working to minimize the use of fossil fuels and nonrenewable energy sources. Bio-briquettes have been identified as a sustainable alternative to coal in industrial heating applications and a stable energy source. Other potential advantages of these blocks, including high combustibility, low residue content, sulfur-free, and cost-effectiveness, are increasing the usage of bio briquettes in various applications. Using biomass briquettes is also good for the environment since it avoids the on-field burning of agricultural wastes by offering an alternative market for commercial use as fuel. As a result, the rising need for biofuel alternatives by firms is driving the market growth.
During the Forecast Period, Europe is Likely to Lead the Global Biomass Briquette Market.
Geographically, Europe is the most important area for market growth. In most European nations, biomass briquettes are widely utilized to supply industrial and home energy needs. Consumption is strongest in countries such as Hungary, Poland, and Austria. Because of the abundance of biomass leftovers, biomass briquettes were created. Due to limited supplies of cooking fuel, developing nations in the area have historically been the primary consumers of bio-briquettes, mostly in home cooking operations. The market has lately gained traction in industrialized economies that utilize these blocks to heat boilers in power plants.
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Market Segmentation
and
Market player
Recent Development
In January 20, 2022, Solör Bioenergy Group (Solör), a biomass-fired district energy supplier in Sweden, has disclosed that it has completed the acquisition of SEVAB Calor Fjärrvärme AB (SEVAB), a municipal district energy firm in Strängnäs. SEVAB has been renamed Solör Bioenergi Strängnäs AB, with Group subsidiary Solör Bioenergi Fjärrvärme AB, owning 80% of the company. The municipality holds a 20% stake through Strängnäs Kommunföretag AB.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 –
2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
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Report coverage |
Revenue
forecast, company share, growth factors, and trends |
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Segments covered |
Type Application Region |
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Regional scope |
North America;
Asia-Pacific; Europe; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China; Indian; Japan; South
Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France;
Russia, Spain; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile;
Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey |
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Key companies profiled |
Westervelt, Pacific BioEnergy, German Pellets, RWE Innogy, Pfeifer
Group, Drax Biomass, General Biofuels, SUEZ energy, Biomass Secure Power, Intelliflux
Controls,
Energex Power Private Limited, Rentech, Lignetics, and Enviva Inc. |
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Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request) |
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