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Emerging Trends and Opportunities in the Global Bio Power Market

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Bio Power Market Technology:

Bio power refers to the generation of electricity and heat from organic materials such as agricultural residues, forest residues, energy crops, and organic waste. The technology used to convert these materials into energy includes combustion, gasification, anaerobic digestion, and pyrolysis.

  1. Combustion: This is the most commonly used technology for bio power generation. Organic materials are burned in a combustion chamber to produce steam, which drives a turbine to generate electricity.

  2. Gasification: This technology involves heating organic materials in a low-oxygen environment to produce a gas mixture, which is then burned to generate electricity.

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  1. Anaerobic digestion: Organic materials are decomposed by bacteria in an oxygen-free environment, producing biogas (a mixture of methane and carbon dioxide). The biogas can be burned to generate electricity, or used as a fuel for vehicles.

  2. Pyrolysis: This technology involves heating organic materials in the absence of oxygen to produce a liquid or gas fuel, which can be burned to generate electricity.

Advances in technology have made bio power more efficient and cost-effective. For example, the use of combined heat and power (CHP) systems, which capture waste heat from the generation process for use in heating or cooling applications, has significantly increased the efficiency of bio power plants. Additionally, the development of advanced biofuels, such as cellulosic ethanol and renewable diesel, has expanded the range of feedstocks that can be used for bio power generation.

Bio Power Market Overview:

Bio Power Market is projected to be worth USD 86.17 Billion by 2028, registering a CAGR of 6% during the forecast period (2021 - 2028)., The market was valued at USD 51.7 Billion in 2020.

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