Europe Biomass Power Market Forecast 2024-2032

The Europe biomass power market is anticipated to rise with a CAGR of 6.50% over the forecasting years of 2024 to 2032, reaching a revenue of approximately $49683.59 million by 2032. In terms of volume, the market was valued at 303.45 million MWh in 2023 and is expected to reach 580.65 million MWh by 2032, progressing with a CAGR of 7.57% during the forecast period.

MARKET INSIGHTS

The regional market's growth is attributed to stringent environmental regulations, ambitious renewable energy targets, strong governmental support, and a focus on innovation and sustainability. Biomass power is increasingly being adopted across various sectors in Europe to reduce greenhouse gas emissions and transition towards a sustainable energy future. 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 European biomass power market is likely to be hindered by competition from other renewable energy sources, logistical complexities in feedstock supply, and high initial capital investments.

REGIONAL ANALYSIS

The Europe biomass power market growth assessment includes the evaluation of Germany, the United Kingdom, France, Italy, Spain, Poland, Belgium, and Rest of Europe.

Europe is a global leader in this sector, with countries like Germany, the United Kingdom, and Sweden leading the way in biomass capacity and utilization. The market is supported by favorable government policies, including subsidies and incentives, aimed at reducing carbon emissions and promoting energy security. Additionally, technological advancements in biomass conversion systems and efficient feedstock management have contributed to the increased competitiveness of biomass as a sustainable energy source. As part of the EU's Green Deal and its efforts to achieve net-zero emissions by 2050, biomass power continues to play a vital role in the region's renewable energy mix.

With the largest share in Europe, Germany's market 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. In 2022, biomass contributed to 7.7% of the German energy mix. As of October 2023, there were 14,922 biomass power plants across Germany, and this number is expected to increase in the forecasted years.

SEGMENTATION ANALYSIS

The Europe biomass power market is segmented into feedstock, technology, and application. The feedstock segment is further classified into solid biomass, liquid biomass, biogas, and municipal solid waste.

Biogas is a significant technology segment in the Europe biomass power market. This process involves the anaerobic digestion of organic materials-such as agricultural waste, manure, municipal waste, and sewage sludge-in the absence of oxygen to produce biogas, mainly composed of methane and carbon dioxide. The biogas is used to generate electricity and heat, while the remaining digestate serves as a nutrient-rich fertilizer. This method not only produces renewable energy but also offers effective waste management by reducing landfill use and capturing methane emissions.

The growth of the biogas segment is driven by supportive government policies, technological advancements, and increased environmental awareness. European Union directives and national incentives encourage its adoption in agricultural and municipal sectors for efficient waste management and energy production. The rising demand for renewable natural gas and its integration into existing energy systems further boost this segment. As efforts to reduce carbon footprints intensify, biogas plays a crucial role in advancing sustainable energy solutions in Europe.

COMPETITIVE INSIGHTS

Some of the top players operating in the Europe biomass power market include Acciona SA, Drax Group PLC, Enel Green Power, etc.

Enel Green Power, headquartered in Italy, is a global leader in the development and management of renewable energy projects, including wind, solar, hydroelectric, geothermal, and biomass power. The company develops and manages biomass power plants that utilize organic residues and energy crops to produce electricity and heat. Enel Green Power is actively involved in biogas projects, investing in technologies that enhance the efficiency of anaerobic digestion processes. By leveraging biogas production through the treatment of agricultural and agro-industrial waste, the company contributes to waste management solutions and the generation of renewable energy.

Product Code: 100681

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON THE BIOMASS POWER MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. SOLID BIOMASS WAS FOUND TO BE THE MOST WIDELY USED FEEDSTOCK
- 2.5.2. COMBUSTION IS THE LEADING TECHNOLOGY IN THE BIOMASS MARKET
- 2.5.3. INDUSTRIAL APPLICATIONS ARE BOOSTING BIOMASS UTILIZATION
- 2.5.4. ENVIRONMENTAL CONCERNS ARE FUELING MARKET EXPANSION

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. IMPLEMENTATION OF ADVANCED BIOMASS CONVERSION TECHNOLOGIES
- 3.1.2. REGULATORY AND POLICY REFORMS ARE ENCOURAGING MARKET GROWTH
- 3.1.3. SUSTAINABILITY INITIATIVES ARE PROPELLING INCREASED DEMAND FOR BIOMASS POWER
3.2. KEY RESTRAINTS
- 3.2.1. COMPETITION FROM OTHER SECTORS IN SECURING FEEDSTOCK SUPPLY
- 3.2.2. REQUIREMENT OF SUBSTANTIAL INITIAL CAPITAL INVESTMENT FOR BIOMASS ENERGY PLANTS

4. KEY ANALYTICS

4.1. PARENT MARKET ANALYSIS
4.2. KEY TECHNOLOGY TRENDS
- 4.2.1. UPGRADATION OF EXISTING POWER PLANTS BY INCORPORATING BIOENERGY WITH CARBON CAPTURE AND STORAGE
- 4.2.2. COMBINING BIOENERGY WITH OTHER RENEWABLE ENERGY SYSTEMS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
- 4.4.1. GROWTH PROSPECT MAPPING FOR EUROPE
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. VALUE CHAIN ANALYSIS
- 4.7.1. FEEDSTOCK PROCUREMENT
- 4.7.2. FEEDSTOCK PROCESSING AND PREPARATION
- 4.7.3. POWER GENERATION THROUGH CONVERSION TECHNOLOGIES
- 4.7.4. TRANSMISSION AND DISTRIBUTION TO END-USER
4.8. KEY BUYING CRITERIA
- 4.8.1. FEEDSTOCK AVAILABILITY
- 4.8.2. CAPITAL INVESTMENT AND RELATED COSTS
- 4.8.3. TECHNOLOGICAL FEASIBILITY
- 4.8.4. REGULATORY AND FINANCIAL SUPPORT
4.9. BIOMASS POWER MARKET REGULATORY FRAMEWORK

5. MARKET BY FEEDSTOCK (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: MILLION MWH)

5.1. SOLID BIOMASS
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. LIQUID BIOMASS
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. BIOGAS
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. MUNICIPAL SOLID WASTE
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS

6. MARKET BY TECHNOLOGY

6.1. COMBUSTION
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. ANAEROBIC DIGESTION
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. GASIFICATION
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. CO-FIRING AND CHP
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. LANDFILL GAS (LFG)
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS

7. MARKET BY APPLICATION

7.1. INDUSTRIAL
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. COMMERCIAL
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. RESIDENTIAL
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: MILLION MWH)

8.1. EUROPE
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. EUROPE BIOMASS POWER MARKET DRIVERS
- 8.1.3. EUROPE BIOMASS POWER MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN EUROPE BIOMASS POWER MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. GERMANY
  - 8.1.5.1.1. GERMANY BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. UNITED KINGDOM
  - 8.1.5.2.1. UNITED KINGDOM BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.3. FRANCE
  - 8.1.5.3.1. FRANCE BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.4. ITALY
  - 8.1.5.4.1. ITALY BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.5. SPAIN
  - 8.1.5.5.1. SPAIN BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.6. POLAND
  - 8.1.5.6.1. POLAND BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.7. BELGIUM
  - 8.1.5.7.1. BELGIUM BIOMASS POWER MARKET SIZE & OPPORTUNITIES
  - 8.1.5.8. REST OF EUROPE
  - 8.1.5.8.1. REST OF EUROPE BIOMASS POWER MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS AND DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. ACCIONA SA
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCTS
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. AMERESCO INC
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCTS
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. BABCOCK & WILCOX ENTERPRISES INC
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCTS
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. CEMEX
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCTS
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. DRAX GROUP PLC
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCTS
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. ENEL GREEN POWER
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCTS
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. ENVITEC BIOGAS AG
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCTS
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. ENVIVA PARTNERS LP
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCTS
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. GENERAL ELECTRIC COMPANY
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCTS
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. HITACHI ZOSEN CORPORATION
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCTS
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. MITSUBISHI HEAVY INDUSTRIES LTD
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCTS
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. ORSTED A/S
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCTS
  - 9.2.12.3. STRENGTHS & CHALLENGES
- 9.2.13. RAIZEN SA
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCTS
  - 9.2.13.3. STRENGTHS & CHALLENGES
- 9.2.14. RAMBOLL GROUP AS
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCTS
  - 9.2.14.3. STRENGTHS & CHALLENGES
- 9.2.15. SIEMENS ENERGY AG
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. PRODUCTS
  - 9.2.15.3. STRENGTHS & CHALLENGES

Product Code: 100681

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - BIOMASS POWER
TABLE 2: EUROPE REGULATORY FRAMEWORK
TABLE 3: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN MILLION MWH)
TABLE 6: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN MILLION MWH)
TABLE 7: EUROPE BIOMASS POWER MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: EUROPE BIOMASS POWER MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE BIOMASS POWER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: EUROPE BIOMASS POWER MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 11: EUROPE BIOMASS POWER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: EUROPE BIOMASS POWER MARKET, BY COUNTRY, FORECAST YEARS, 2020-2032 (IN $ MILLION)
TABLE 13: EUROPE BIOMASS POWER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN MILLION MWH)
TABLE 14: EUROPE BIOMASS POWER MARKET, BY COUNTRY, FORECAST YEARS, 2020-2032 (IN MILLION MWH)
TABLE 15: KEY PLAYERS OPERATING IN EUROPE BIOMASS POWER MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS AND DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR EUROPE
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: EUROPE BIOMASS POWER MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023
FIGURE 9: EUROPE BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN $ MILLION)
FIGURE 13: EUROPE BIOMASS POWER MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023
FIGURE 14: EUROPE BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE 15: EUROPE BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $ MILLION)
FIGURE 16: EUROPE BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $ MILLION)
FIGURE 17: EUROPE BIOMASS POWER MARKET, BY CO-FIRING AND CHP, 2024-2032 (IN $ MILLION)
FIGURE 18: EUROPE BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $ MILLION)
FIGURE 19: EUROPE BIOMASS POWER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 20: EUROPE BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 21: EUROPE BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 22: EUROPE BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 23: EUROPE BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 24: GERMANY BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 25: UNITED KINGDOM BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 26: FRANCE BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 27: ITALY BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 28: SPAIN BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 29: POLAND BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 30: BELGIUM BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)
FIGURE 31: REST OF EUROPE BIOMASS POWER MARKET, 2024-2032 (IN $ MILLION)