PUBLISHER: Inkwood Research | PRODUCT CODE: 1624334
PUBLISHER: Inkwood Research | PRODUCT CODE: 1624334
The Germany biomass power market is predicted to progress with a CAGR of 6.39% over the forecasting years of 2024 to 2032, reaching a revenue of $12258.50 million by 2032. In terms of volume, the market was valued at 75.46 million MWh in 2023 and is set to reach 143.04 million MWh by 2032, growing with a CAGR of 7.46% during the forecasted period.
Biomass power is increasingly being adopted across various sectors to reduce greenhouse gas emissions and transition towards a sustainable energy future. Germany's commitment to renewable energy, reflected in its Energiewende (energy transition) policy, aims to shift from fossil fuels and nuclear power to renewable energy sources.
The region's abundant availability of biomass feedstocks-such as agricultural residues, forestry by-products, and organic waste-also contributes to market expansion. However, the German biomass power market may face challenges such as competition from other renewable energy sources, logistical complexities in feedstock supply, and regulatory hurdles.
Germany holds the largest market share in Europe, and this significant growth is propelled by supportive government policies, abundant feedstock availability, and technological advancements. According to IEA Bioenergy, Germany is at the forefront of bioenergy deployment, with institutions like DBFZ (Deutsches Biomasseforschungszentrum) playing a crucial role in sustainable biomass energy research and deployment, particularly in biogas and biomethane. In the first half of 2023, renewables (including biomass) accounted for a record 57.7% of Germany's net electricity generation, showing the increasing reliance on various renewable sources. Whereas, in 2022, biomass contributed to 7.7% of the German energy mix. These factors, in turn, are set to fuel the country's biomass power market growth during the forecast period.
SEGMENTATION ANALYSIS
The Germany biomass power market is segmented into feedstock, technology, and application. The technology segment is further divided into combustion, anaerobic digestion, gasification, co-firing and CHP, and landfill gas (LFG).
Gasification is a significant technology segment in the Germany biomass power market. Gasification is a thermochemical process that converts solid biomass feedstocks into a combustible gas mixture called syngas, composed primarily of carbon monoxide, hydrogen, and methane. This process occurs at high temperatures with controlled amounts of oxygen or steam. Syngas can be used for electricity generation, heat production, or as a raw material in chemical processes.
Germany's focus on innovation and sustainability has led to increased investments in gasification technologies. Government incentives and research programs support the development and deployment of advanced gasification plants. The integration of gasification with combined heat and power (CHP) systems enhances overall energy efficiency, making it a valuable component of Germany's renewable energy strategy. As efforts to reduce carbon emissions intensify, gasification plays a crucial role in advancing sustainable energy solutions in Germany.
Some of the major players operating in the Germany biomass power market include Acciona SA, Babcock & Wilcox Enterprises Inc, Enel Green Power, EnviTec Biogas AG, etc.
Babcock & Wilcox Enterprises Inc, headquartered in the United States, is a global leader in energy and environmental technologies and services for the power and industrial markets. The company has a significant presence in the biomass power market, providing advanced technologies and solutions for biomass combustion and gasification.
In Germany, Babcock & Wilcox (B&W) is involved in supplying and servicing biomass power plants with advanced boilers and gasification systems. The company offers its B&W Volund technology, which includes waste-to-energy and biomass-to-energy solutions. B&W's technologies are designed to improve efficiency, reduce emissions, and enhance the reliability of biomass power plants.