Biomass Power in the US - Industry Market Research Report
Description
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.
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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
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
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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