Authored By: Sarah
30 Aug 2024

Material Handling Equipment In Biomass Power Plant Market Size to grow by USD 589 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Material Handling Equipment In Biomass Power Plant Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In the context of the global biomass power market, the correlation between income levels and waste generation is significant. As urbanization accelerates and disposable income rises, particularly in developing countries, the consumption of goods and services increases, leading to a proportional increase in waste generation. According to recent statistics, APAC generates the largest volume of waste globally, while MEA produces the least in absolute terms. This trend is expected to continue as income levels rise and consumption patterns shift. The relationship between income and waste generation follows an inverted U-shape curve, with initial reductions at low-income levels and subsequent increases at a faster rate as income grows. This dynamic presents both challenges and opportunities for the biomass power industry, as the demand for waste-to-energy solutions continues to rise.

Key Highlights

Growth Projections

The global material handling equipment in biomass power plant market  size is estimated to grow by USD 589 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.5% during the forecast period. Material handling equipment increases efficiency of combustion process in a biomass power plant is driving market growth, with a trend towards increasing requirement of managing municipal solid waste  However, underdeveloped supply chain and market for biomass in various countries  poses a challenge.Key market players include Amandus Kahl GmbH and Co. KG, Andritz AG, Astec Industries Inc, Babcock and Wilcox Enterprises Inc., Dust Solutions Inc., Evoqua Water Technologies LLC, General Kinematics Corp., MAX Automation SE, RUD Ketten Rieger and Dietz GmbH u Co. KG, Schenck Process Holding GmbH, Terex Corp., and ZE ENERGY Inc..

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Major Findings

  • Material handling equipment plays a crucial role in enhancing the efficiency of the combustion process in a biomass power plant. This equipment facilitates the seamless transfer and storage of biomass fuel from the point of delivery to the boiler, ensuring a consistent feed and optimal combustion. The use of advanced material handling systems can significantly reduce fuel preparation time, minimize fuel moisture content, and improve overall plant performance. In turn, this leads to increased power generation and reduced operational costs for biomass power plant operators.

  • Biomass power plants have experienced significant growth due to increasing government support for renewable energy sources. This trend is expected to continue as biomass power generation offers numerous advantages, such as reduced greenhouse gas emissions and the potential for carbon neutrality. The market for material handling equipment in biomass power plants is consequently expanding, with a growing demand for efficient and reliable systems to transport and process biomass fuel. Key players in this market are focusing on innovation and technology to meet the evolving needs of biomass power plant operators.

  • The biomass power market faces an underdeveloped supply chain and market in numerous countries, posing challenges for the material handling equipment industry. This situation hinders the efficient transport and handling of biomass, leading to potential disruptions in the power generation process. To mitigate these issues, investments in infrastructure development and technology advancements are crucial to streamline the biomass supply chain and ensure the seamless operation of material handling equipment in biomass power plants.

  • The material handling equipment market in biomass power plants is experiencing significant growth due to the increasing demand for renewable energy sources. One of the key factors driving this trend is the declining cost of solar and wind power plants, making biomass power an economically viable alternative. Biomass power plants utilize material handling equipment for the efficient transportation and processing of biomass feedstocks, such as wood chips and agricultural waste, into usable fuel. This equipment includes conveyors, crushers, and storage systems. As the renewable energy sector continues to evolve, the material handling equipment market in biomass power plants is poised for continued growth.

Market Research Overview

The industrial machinery and supplies and components market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Key growth drivers for this market include the expanding output in process and discrete industries, such as energy, chemicals and petrochemicals, pulp and paper, and processed food and beverages, due to the robust economic growth in developing countries.

The Material Handling Equipment In Biomass Power Plant Market is experiencing significant growth, fueled by the Material handling equipment increases efficiency of combustion process in a biomass power plant. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

In the biomass power market, material handling equipment plays a pivotal role in the efficient and effective production process. These systems facilitate the movement, storage, and protection of biomass fuel from receipt to combustion. Key equipment includes conveyors, cranes, and silos. Investment in advanced material handling technology can enhance operational productivity and reduce fuel costs. The global market for material handling equipment in biomass power plants is projected to grow steadily due to increasing demand for renewable energy sources.

Research Analysis Overview

The Material Handling Equipment (MHE) market in Biomass Power Plants caters to various industries such as Mining, Semiconductor, Consumer goods, Wholesaling, Pharmaceutical, and Industrial sectors. MHE plays a crucial role in the Biomass Power Plant industry by ensuring efficient and safe transportation, storage, and disposal of biomass materials. Machinery and Industrial equipment including Forklifts, Industrial trucks, Cranes, Continuous handling equipment, Lifting equipment, Cargo shaping equipment, Positioning equipment, and Transportation equipment are essential components of MHE in Biomass Power Plants. These equipments protect and regulate the biomass material during transportation, mechanically lift and position heavy loads, and facilitate the efficient flow of goods in fully automated facilities. Online shopping platforms and E-commerce have also increased the demand for MHE in Biomass Power Plants' logistics infrastructure. Worker safety is a significant concern, and MHE ensures that the workers are protected while handling and transporting heavy loads. Warehouse management and storage equipment are also crucial components of MHE, enabling the efficient and effective management of biomass materials. The consumption of biomass materials in Biomass Power Plants is high, and the disposal of waste materials requires specialized MHE. Therefore, the MHE market in Biomass Power Plants is expected to grow significantly in the coming years. Overall, MHE plays a vital role in the Biomass Power Plant industry by facilitating the efficient and safe transportation, storage, and disposal of biomass materials.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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