India Biomass Market is Dominated by Thermochemical Segment, until 2029

According to TechSci Research report, “India Biomass Market – By Region, Competition Forecast and Opportunities, 2029, the India biomass market is expected to see a considerable growth during the forecast period. The rising energy and power demand and increased demand for clean energy will positively impact market growth. The high operating costs and the increasing capital cost in economically growing countries will hamper the India biomass market growth in the forecast period.

Biomass is a viable and low-carbon alternative to conventional fossil fuels, which, on combustion, yields bioenergy that is considered as a clean fuel for energy generation. Increasing demand for energy across the country is projected to boost bioenergy production through biomass, which is anticipated to support the growth of the market for biomass.

Moreover, renewable power produced from biomass has a large effect on global warming emissions as it can constraint the amount of CO2 released into the atmosphere. Furthermore, increasing the amount of renewable biomass power would allow us to substitute carbon-intensive energy sources and reduce global warming emissions. Thus, the improved demand for clean energy generation is expected to drive the growth of the India biomass market during the forecast period.

Furthermore, the country’s energy demand has seen an exponential rise over the last few years due to rapid urbanization and a rapidly extending population. Most of the energy produced across the country is from fossil fuels, which produce harmful GHG gases on burning. On the other hand, biomass is a carbon-neutral carrier and can make major contributions in reducing greenhouse gas emissions. Thus, the rising energy & power demand is anticipated to drive the growth of the India biomass market during the forecast period.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Biomass Market.”

India Biomass Market is segmented into type, technology, products, end use and region. Based on type, the market is segmented into natural biomass, residual biomass, and biomass produced by energy crops. Based on technology, the market is segmented into thermochemical and biochemical. Thermochemical methods dominated the India biomass market in 2022 because thermochemical methods are more generally used than biochemical methods. Thermochemical methods are more effective than biochemical methods. Also, the government has employed a number of policies and programs to promote the use of this technology such as the National Biomass Power Program and the National Biogas Program. Additionally, thermochemical conversion technologies have higher effectiveness and can achieve up to ~80% efficiency.

Based on products, the market is segmented into biopower, transportation fuels, biogas, and biomaterials. Based on end use, the market is segmented into industrial, transportation, residential, utility, and commercial. Based on region, the market is segmented into North India, South India, West India, and East India. West India dominated the India biomass market in 2022 because this region has a prominent availability of feedstock such as agricultural residues, wood waste, and municipal solid waste. Additionally, these regions have effective demand for biomass-based power generation due to their growing economies and increasing electricity consumption. Some states such as Chhattisgarh, Madhya Pradesh, Gujrat, Rajasthan, etc., have a large number of biomass power plants, which create electricity from biomass feedstock. The biomass in these states is assisting to gather the increasing demand for electricity in the region, while lowering greenhouse gas emissions.

Major players operating in the India biomass market are:

• Bharat Petroleum Corporation Limited
• Indian Oil Corporation Limited
• Reliance industries Limited
• Universal Biofuels Private Limited
• Khanda Biofuels Private Limited
• G-Energetic Biofuels Private Limited
• Altret Industries Private Limited
• Biodiesel Technocrats Private Limited          
• Abellon CleanEnergy Limited
• Universal Biofuels Private Limited

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“There are number of reasons for the development of India biomass market including growing demand for clean energy as India is one of the world’s most populous countries, and its energy demand is growing rapidly. The government has determined targets for renewable energy and biomass energy is seen as an important part of these targets. Moreover, India has a large abundance of biomass resources, including agricultural residues, forestry residues, and municipal solid waste, which is likely to impact the growth of India biomass market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Biomass Market By Type (Natural Biomass, Residual Biomass, and Biomass Produced By Energy Crops), By Technology (Thermochemical, Biochemical), By Products (Biopower, Transportation Fuels, Biogas, and Biomaterials), By End Use (Industrial, Transportation, Residential, Utility, and Commercial), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of India Biomass market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Biomass Market.

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