Material Handling Equipment Market in Biomass Power Plant by Product and Geography - Forecast and Analysis 2022-2026

The predicted growth of the material handling equipment market share in biomass power plant from 2021 to 2026 is USD 869.16 million at a progressing CAGR of 6.36%.

This material handling equipment market in biomass power plant research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers material handling equipment market segmentation in biomass power plant by:

• Product - Digestors, Feeder systems, Silos and storage tanks, Chippers, and Grinders
• Geography - Europe, APAC, North America, South America, and Middle East and Africa

The material handling equipment market in biomass power plant report also offers information on several market vendors, including Andritz AG, Amandus Kahl GmbH and Co. KG, Astec Industries Inc., Babcock and Wilcox Enterprises Inc., Evoqua Water Technologies LLC, General Kinematics Corp., MAX Automation SE, Dust Solutions Inc., RUD Ketten Rieger and Dietz GmbH u Co. KG, Schenck Process Holding GmbH, Terex Corp., and ZE ENERGY Inc. among others.

What will the Material Handling Equipment Market Size in Biomass Power Plant be During the Forecast Period?

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Material Handling Equipment Market in Biomass Power Plant: Key Drivers, Trends, and Challenges

The material handling equipment increases efficiency of combustion process in a biomass power plant is notably driving the material handling equipment market growth in biomass power plant, although factors such as the underdeveloped supply chain and market for biomass in various countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the material handling equipment industry in biomass power plant. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Material Handling Equipment Market Driver in Biomass Power Plant

One of the key factors driving growth in the material handling equipment market in biomass power plant is the material handling equipment increases efficiency of combustion process in a biomass power plant. Some of the least developed regions of the world continue to use biomass for their energy requirements. In such applications, biomass is directly burnt to produce heat energy. Some biomass power plants directly burn biomass to produce electricity. Such a system requires less capital investment but does not achieve the maximum possible fuel efficiency. Thus, several large-scale commercial biomass power plants use advanced material handling equipment such as grinders and digestors to produce renewable natural gas or methane by decomposing biomass in the absence of oxygen. Renewable natural gas has a higher calorific value than untreated biomass and results in complete combustion during the combustion process. These factors are driving the demand for material handling equipment for biomass power plants during the forecast period.

Key Material Handling Equipment Market Trend in Biomass Power Plant

The increasing requirement of managing municipal solid waste is a material handling equipment market trend in biomass power plant that is expected to have a positive impact in the coming years. Rapid urbanization and the rise in disposable income usually increase the consumption of goods and services, which drives waste generation. Many developing countries such as India, Vietnam, and Bangladesh experience rapid economic growth, and this is leading to a consistent increase in urban population and disposable income per capita. This is resulting in a rapid increase in MSW generated in these countries. Efficient management of MSW is essential to achieving sustainable economic growth. Considering the scarcity of available landfill sites, more countries are expected to make the waste-to-energy concept a major part of their energy and solid waste disposal management. Thus, the growing requirement for waste-to-energy plants is expected to impact the demand for material handling equipment.

Key Material Handling Equipment Market Challenge in Biomass Power Plant

The underdeveloped supply chain and market for biomass in various countries will be a major challenge for the material handling equipment market in biomass power plant during the forecast period. A biomass power plant is designed to use a particular type of biomass, such as woody biomass, agricultural biomass, municipal solid waste, and human and animal waste. A biomass power plant that relies on agricultural waste or residue to generate electricity requires large storage space and equipment to stock excessive biomass during the harvest season for future use. The need for such storage space and equipment adds to the capital cost of a biomass power plant. The transportation cost of biomass is more compared with fossil fuel, and this necessitates a biomass power plant to be set up close to the source of supply of biomass. Apart from this, the supply chain of biomass is not as developed as a supply chain of fossil fuels such as coal and natural gas. Thus, an underdeveloped market and supply chain of biomass hinders the growth of the global material handling equipment market in biomass power plant.

This material handling equipment market in biomass power plant analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global material handling equipment market in biomass power plant as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the material handling equipment market in biomass power plant during the forecast period.

Who are the Major Material Handling Equipment Market Vendors in Biomass Power Plant?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Andritz AG
• Amandus Kahl GmbH and Co. KG
• Astec Industries Inc.
• Babcock and Wilcox Enterprises Inc.
• Evoqua Water Technologies LLC
• General Kinematics Corp.
• MAX Automation SE
• Dust Solutions Inc.
• RUD Ketten Rieger and Dietz GmbH u Co. KG
• Schenck Process Holding GmbH
• Terex Corp.
• ZE ENERGY Inc.

 

This statistical study of the material handling equipment market in biomass power plant encompasses successful business strategies deployed by the key vendors. The material handling equipment market in biomass power plant is fragmented and the vendors are deploying growth strategies such as increasing their range of offerings to become solution providers for their customers to compete in the market.

Product Insights and News

• Andritz AG - Andritz AG is a public company headquartered in Austria. It is a global company generating $7,319.99 million in revenues and has around 26,804 employees. Its revenue from the global material handling equipment market in biomass power plant contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Andritz AG - The company offers material handling equipment such as Boiler and gasifier feed systems and receiving and conveying systems. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The material handling equipment market in biomass power plant forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Material Handling Equipment Market in Biomass Power Plant Value Chain Analysis

Our report provides extensive information on the value chain analysis for the material handling equipment market in biomass power plant, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Material Handling Equipment Market in Biomass Power Plant?

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32% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for material handling equipment in biomass power plant in Europe. Market growth in this region will be slower than the growth of the market in the South American, APAC and MEA regions.

The electricity generated using solid biomass such as wood pellets and biogas will facilitate the material handling equipment market in biomass power plant growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively impacted the economy in the region. The pandemic led to several deaths in countries such as Italy, Spain, and the UK. However, in 2021, factories, warehouses, and other facilities of material handling equipment vendors reopened owing to large-scale vaccination drives. As a result, local vendors were able to meet the increased demand of consumers. 

What are the Revenue-generating Product Segments in the Material Handling Equipment Market in Biomass Power Plant?

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The material handling equipment market share growth in biomass power plant by the digestors segment will be significant during the forecast period. The decomposed matter in a digestor is a significant source of fertilizer that can be used in the farm sector. There is a high demand for digestors in biomass power plants that use a considerable amount of woody fibers, agricultural residue, and organic waste generated from food processing units or paper mills. Most of the populous countries such as China, India, the US, and Brazil offer great potential for investment in biogas power plants as they have a large farming sector and an abundance of farm waste. Most of these countries are considering increasingly using biogas power, a major solution for increasing farm income and managing climate change caused by the power generation sector. Such factors contribute to the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the material handling equipment market size in biomass power plant and actionable market insights on post COVID-19 impact on each segment.

 

Material Handling Equipment Market Scope In Biomass Power Plant
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.36%
Market growth 2022-2026	$ 869.16 million
Market structure	Fragmented
YoY growth (%)	4.92
Regional analysis	Europe, APAC, North America, South America, and Middle East and Africa
Performing market contribution	Europe at 32%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Andritz AG, Amandus Kahl GmbH and Co. KG, Astec Industries Inc., Babcock and Wilcox Enterprises Inc., Evoqua Water Technologies LLC, General Kinematics Corp., MAX Automation SE, Dust Solutions Inc., RUD Ketten Rieger and Dietz GmbH u Co. KG, Schenck Process Holding GmbH, Terex Corp., and ZE ENERGY Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Material Handling Equipment Market in Biomass Power Plant Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive material handling equipment market growth in biomass power plant during the next five years
• Precise estimation of the material handling equipment market size in biomass power plant and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the material handling equipment industry in biomass power plant across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of material handling equipment market vendors in biomass power plant

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