Capital investment in biomass could reach $33.7 billion by 2015, Pike Research reports. Biomass is the leading source of global renewable energy, and saw $28.2 billion in capital investment in 2010.
"Biomass markets are dynamic and rapidly evolving," says Pike Research President Clint Wheelock. "While research and development initiatives are very active worldwide, the biomass industry also has many proven technologies that can exploit existing feedstock sources. These include power generation from anaerobic digestion, rapid thermal processing, combustion and gasification, and methane gas capture from municipal waste, among others."
Biochemical and the bioenergy sectors are expected to grow significantly faster than biofuels over the next five years. And despite a hiatus in investment in the biomass industry as a whole over the past few years, several components are projected to increase.
Read the full report at Pike Research.
Pike Research: Biomass Markets and Technologies
While overall investment in the biomass industry has slackened in the past few years, Pike Research expects certain segments of the sector to grow by 2015.
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