The developing economies are facing serious power generation problems with increasing consumption of power in respective countries. Government agencies are investing substantial amounts in new methods of power generation. Sugar cane is a major agricultural crop which is grown commercially in vast majority of countries in the world. Baggase is a major by-product of the sugar industry which is primarily used as a captive boiler fuel and can also be used as a raw material in the paper industry. Several sugar mill operators have planned cogeneration projects, which will benefit the environment by reducing the greenhouse gases in the atmosphere. Bagasse can play a major role in substituting fossil fuel for future power generation. Baggase can be also be burnt in large quantities to meet the heating requirements within a sugar mill. The baggase power generation market is anticipated to grow at a substantial rate owing to increasing investments in renewable energy sources for power generation.
Baggase Power Generation Market: Drivers & Restrains
The Clean Development Mechanism (CDM) of the Kyoto Protocol and other initiatives taken by governmental agencies of respective countries is the major driver attracting investment in this sector. The Kyoto Protocol is an effective tool for the commercial success of power generation using sugar cane waste. The carbon credits generated through the establishment of baggase power generation plants also creates an additional market for this environmental friendly technology. Several countries, especially those devoid of fossil fuel reserves, have planned significant investments in baggase power generation to implement energy conservation measures. Policy guidelines established by government agencies and incentives provided by them are also major factors which attract investment towards baggase power generation market.
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In spite of all the above measures, the lack of financing channels is a major factor which acts a restraint in further development of the baggase power generation market in some regions. Lack of power infrastructure in several nations is also a major restraint for the development of baggase power generation market.
Baggase Power Generation Market: Key Segments
The baggase power generation market can be segmented on the basis of type of power plant. On the basis of type the baggase power generation market can be segmented into two basic categories as captive power plant and grid-feed power plant. The sugar mill operators usually install baggase power plants for self power generation which is known as captive power generation. However, baggase can also be used along with other bio-based waste products to generate electricity on a large scale.
Baggase Power Generation Market: Regional Outlook
Asia Pacific is the leading baggase power generation market in the world. This region is the world’s largest sugar cane producing region and countries such as India, China and Thailand are the major markets in this region. The rising power requirement in developing economies of Asia Pacific has led government to invest substantial amounts in the baggase power generation market. However, a majority of the sugar mills in these countries are yet to invest in power generation facilities. Latin America and Africa are also major baggase power generation market and account for a significant share of the global market. Brazil, Colombia, and Argentina are the leading markets in this region for baggase power generation market.
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Baggase Power Generation Market: Key Players
Some of the major market players investing in the baggase power generation market are CPFL Energia, Thermax Ltd., Kakira Energy Company and Yadu Corporation.
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