Global Biomass Power Generation Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Biomass is a renewable & sustainable source of energy used to create electricity or other forms of power. Different bio-based materials are used to obtain biomass power such as Forest Residues, Crops & agricultural Co-Products, Food Waste, Animal Manure, Landfill Gas, Municipal Solid Waste Wastewater Treatment Sludge and Residues. Biomass as a renewable energy source is always and abundantly available. It has a zero-carbon footprint. The growing use of renewable sources of energy and rising concern over the emission of greenhouse gases (GHG) are key factors driving the market growth.
The increasing utilization of renewable and sustainable energy sources is contributing towards the growth of the Global Biomass Power Generation Market. For instance - as per Statista - in 2021, the production of biomass energy in the USA was estimated at 4.69 quadrillion British thermal units (Btu), and this Biomass energy production is projected to grow to 4.95 quadrillion British thermal units (Btu) by 2035, and further 5.56 quadrillion British thermal units (Btu) by 2050. Also, favorable government policies and growing investment in biogas cogeneration projects would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Biomass Power Generation stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Biomass Power Generation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to increasing investment in renewable energy sources and the presence of leading market players in the region. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as favorable initiatives from government authorities and increasing demand for clean energy sources in the region would offer lucrative opportunities for the market over the forecast period.
Major market player included in this report are:
- Babcock & Wilcox Enterprises Inc.
- E. ON SE
- General Electric Co.
- John Wood Group Plc
- Thermax Ltd.
- Valmet Oyj
- Acciona SA
- Ameresco Inc
- Andritz AG
- Vattenfall AB
Recent Developments in the Market:
- In July 2020, Biopower, a joint venture between Cuba's state-owned sugar company Azcuba subsidiary Zerus and UK renewable energy developer Havana Energy, has commissioned a 60MW biomass plant with an estimated cost of USD 180 million.
Global Biomass Power Generation Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Feedstock, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Feedstock
- Solid biomass
- Biogas
- Liquid biomass
- Municipal solid waste
By Application
- Residential
- Industrial
- Commercial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Biomass Power Generation Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Biomass Power Generation Market, by Feedstock, 2019-2029 (USD Billion)
- 1.2.3. Biomass Power Generation Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Biomass Power Generation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Biomass Power Generation Market Dynamics
- 3.1. Biomass Power Generation Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing use of renewable sources of energy
- 3.1.1.2. Rising concern over emission of greenhouse gases (GHG)
- 3.1.2. Market Challenges
- 3.1.2.1. Mismanagement of biomass
- 3.1.2.2. Limited awareness in developing economies
- 3.1.3. Market Opportunities
- 3.1.3.1. Favourable government policies
- 3.1.3.2. Growing investment in biogas cogeneration projects
Chapter 4. Global Biomass Power Generation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Biomass Power Generation Market, by Feedstock
- 6.1. Market Snapshot
- 6.2. Global Biomass Power Generation Market by Feedstock, Performance - Potential Analysis
- 6.3. Global Biomass Power Generation Market Estimates & Forecasts by Feedstock 2019-2029 (USD Billion)
- 6.4. Biomass Power Generation Market, Sub Segment Analysis
- 6.4.1. Solid biomass
- 6.4.2. Biogas
- 6.4.3. Liquid biomass
- 6.4.4. Municipal solid waste
Chapter 7. Global Biomass Power Generation Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Biomass Power Generation Market by Application, Performance - Potential Analysis
- 7.3. Global Biomass Power Generation Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Biomass Power Generation Market, Sub Segment Analysis
- 7.4.1. Residential
- 7.4.2. Industrial
- 7.4.3. Commercial
Chapter 8. Global Biomass Power Generation Market, Regional Analysis
- 8.1. Biomass Power Generation Market, Regional Market Snapshot
- 8.2. North America Biomass Power Generation Market
- 8.2.1. U.S. Biomass Power Generation Market
- 8.2.1.1. Feedstock breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Biomass Power Generation Market
- 8.3. Europe Biomass Power Generation Market Snapshot
- 8.3.1. U.K. Biomass Power Generation Market
- 8.3.2. Germany Biomass Power Generation Market
- 8.3.3. France Biomass Power Generation Market
- 8.3.4. Spain Biomass Power Generation Market
- 8.3.5. Italy Biomass Power Generation Market
- 8.3.6. Rest of Europe Biomass Power Generation Market
- 8.4. Asia-Pacific Biomass Power Generation Market Snapshot
- 8.4.1. China Biomass Power Generation Market
- 8.4.2. India Biomass Power Generation Market
- 8.4.3. Japan Biomass Power Generation Market
- 8.4.4. Australia Biomass Power Generation Market
- 8.4.5. South Korea Biomass Power Generation Market
- 8.4.6. Rest of Asia Pacific Biomass Power Generation Market
- 8.5. Latin America Biomass Power Generation Market Snapshot
- 8.5.1. Brazil Biomass Power Generation Market
- 8.5.2. Mexico Biomass Power Generation Market
- 8.5.3. Rest of Latin America Biomass Power Generation Market
- 8.6. Rest of The World Biomass Power Generation Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Babcock & Wilcox Enterprises Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. E. ON SE
- 9.2.3. General Electric Co.
- 9.2.4. John Wood Group Plc
- 9.2.5. Thermax Ltd.
- 9.2.6. Valmet Oyj
- 9.2.7. Acciona SA
- 9.2.8. Ameresco Inc
- 9.2.9. Andritz AG
- 9.2.10. Vattenfall AB
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption