Biomass Power Market To Witness A Significant Growth Of USD 203.61 Billion By 2030
San Francisco, 17 June 2022: The Report Biomass Power Market Size, Share & Trends Analysis Report By Feedstock (Solid Biofuel, Liquid Biofuel), By Technology (Combustion, Gasification), By Region (North America, EU, APAC), And Segment Forecasts, 2022 - 2030 The global biomass power market size is expected to reach USD 203.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key factor driving the growth of this market. The COVID-19 pandemic has hampered the market growth globally owing to the disruptions in the supply chain, which resulted in delays for some projects. The power demand has declined from commercial and industrial end-users in the non-essential category due to the closure of operations during the lockdown. These facto