Biomass Power Generation Market is projected to grow USD 107.2 Bn in 2030, at a CAGR of 5.8%
The global biomass power generation market was valued at USD 54.3 Bn in 2021. The market is projected to grow USD 107.2 Bn in 2030, at a CAGR of 5.8%. Biomass is a sustainable energy source that includes everything from energy crops to agricultural and forestry residues, as well as biogenic waste. To ensure that using biomass for energy results in significant CO2 reductions, cultivation and production must be done in a controlled, long-term manner. Plants, both terrestrial and aquatic, and their derivatives produce biomass, which is organic stuff. During photosynthesis, plant materials use the sun's energy to convert atmospheric carbon dioxide to sugars. Energy is released when biomass is burned because the sugars are transformed back to carbon dioxide. As a result, energy is captured and released quickly, making Biomass a renewable energy source. Request for a Sample Report Here: https://extrapolate.com/sample/Energy-and-Power/biomass-power-generation-market/25738?utm_source=Blog