PUBLISHER: Grand View Research | PRODUCT CODE: 1530013
PUBLISHER: Grand View Research | PRODUCT CODE: 1530013
Market Size & Trends
The global material handling equipment market in biomass power plant size was estimated at USD 850.8 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. This growth is driven by the increasing adoption of biomass power as a sustainable energy source and the need for efficient material handling solutions in biomass power plants. Material handling equipment plays a crucial role in the transportation, storage, and processing of biomass feedstock, which includes pellets, wood chips, agricultural residues, and municipal solid waste (MSW).
The market is witnessing significant advancements in automation and control technologies, enhancing the efficiency and reliability of material handling operations. The integration of Internet of Things (IoT) and artificial intelligence (AI) in material handling equipment offers real-time monitoring and predictive maintenance capabilities, reducing downtime and operational costs. Furthermore, government incentives and policies promoting renewable energy projects are further propelling the demand for advanced material handling equipment in the biomass power sector. This technological evolution is expected to drive substantial growth and transformation within the market.
Global Material Handling Equipment Market In Biomass Power Plant Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global material handling equipment market in biomass power plants report based on the product, application, and region:
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE