Biomass Power Market, By Feedstock (Solid Biofuel, Liquid Biofuel, and Biogas), By Technology (Combustion, Gasification, and Anaerobic Digestion), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

The Biomass Power Market is estimated to be valued at USD 139.06 Bn in 2024 and is expected to reach USD 198.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

Figure 1. Biomass Power Market Share (%), By Region, 2024

Biomass power utilizes organic matter from plants and animals as a renewable source of energy. The use of biomass for power generation is gaining interest as an environmentally sustainable alternative to fossil fuels. Biomass power helps reduce reliance on non-renewable energy sources while lowering carbon emissions through the use of waste biomass that would otherwise decompose and release greenhouse gases into the atmosphere. Power plants burn biomass materials such as wood waste, agricultural residues and organic municipal solid waste to produce steam that drives turbines for electricity generation. Some biomass power facilities also employ gasification and pyrolysis technologies to convert biomass into a renewable synthetic gas or bio-oil for combustion. With growing global concerns around climate change, many countries are promoting the development of biomass power as a carbon-neutral renewable energy option.

Market Dynamics:

The global biomass power market growth is driven by supportive government policies and incentives for renewable energy adoption. Many nations have set mandatory renewable purchase obligations and carbon reduction targets which is fueling investments in biomass power projects. Rising environmental awareness among consumers and industries is also positively impacting the market growth. However, high initial capital costs for biomass power plants and intermittency of biomass fuel supply remain key challenges. On the opportunity side, advancements in biomass gasification and energy storage technologies are expected to make biomass power generation more efficient and cost-competitive with conventional energy sources. Untapped biomass resources from agriculture and forestry waste in developing countries also provide significant prospects for market expansion.

Key Features of the Study:

This report provides an in-depth analysis of the global biomass power market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global biomass power market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Mitsubishi Heavy Industries, Ltd., Suez, Xcel Energy Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Orsted A/S, Ameresco, General Electric, Veolia, Vattenfall, Dalkia EnviTec Biogas AG, Weltec Biopower GMBH, Drax Group PLC (UK), Enviva LP, Sodra, MVV Energie AG, Helius Energy PLC, Alstom SA, Vattenfall AB
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global biomass power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biomass power market.

Detailed Segmentation-

By Feedstock:
- Solid Biofuel
- Liquid Biofuel
- Biogas
By Technology:
- Combustion
- Gasification
- Anaerobic Digestion
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Mitsubishi Heavy Industries, Ltd.
- Suez
- Xcel Energy Inc.
- Ramboll Group A/S
- Babcock & Wilcox Enterprises, Inc.
- Orsted A/S
- Ameresco
- General Electric
- Veolia
- Vattenfall
- Dalkia EnviTec Biogas AG
- Weltec Biopower GMBH
- Drax Group PLC (UK)
- Enviva LP
- Sodra
- MVV Energie AG
- Helius Energy PLC
- Alstom SA
- Vattenfall AB

Product Code: CMI7071

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Feedstock
- Market Snippet, By Technology
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Biomass Power Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Biomass Power Market
Impact Analysis

5. Global Biomass Power Market, By Feedstock, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Solid Biofuel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Liquid Biofuel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Biogas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Biomass Power Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Combustion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Gasification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Anaerobic Digestion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Biomass Power Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Feedstock, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Feedstock, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Feedstock, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Feedstock, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Feedstock, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Mitsubishi Heavy Industries, Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Suez
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Xcel Energy Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ramboll Group A/S
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Babcock & Wilcox Enterprises, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Orsted A/S
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ameresco
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- General Electric
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Veolia
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Vattenfall
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Dalkia EnviTec Biogas AG
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Weltec Biopower GMBH
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Drax Group PLC (UK)
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Enviva LP
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sodra
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- MVV Energie AG
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Helius Energy PLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Alstom SA
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Vattenfall AB
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
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