Biomass Power in the US - Industry Market Research Report
Biomass Power in the US
The biomass power industry has declined over the past five years. External competition from natural gas and alternative renewable energy sources hindered revenue throughout the period. However, most states have enacted renewable portfolio standards (RPSs), which require local utilities to generate electricity from renewable power as a percentage of their total energy portfolio. In addition, new production tax credits (PTC) were implemented, limiting revenue declines over the past five years. Over the past five years, revenue has slumped at a CAGR of 3.5% to $925.5 million, including an expected 0.2% decrease in 2023. Profit is expected to lag to 10.7% of revenue in 2023 from 17.3% in 2018.
Enterprises in this industry operate electricity-generating facilities using biomass (e.g., agricultural byproducts, landfill gas and biogenic municipal waste). Establishments primarily engaged in operating trash disposal incinerators that also generate electricity are classified in the Waste Treatment and Disposal Services industry (IBISWorld 56221).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance