Product Code: CMI7071
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 Market - IMG1](/sample/img/COH1509511-f1.webp)
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
Table of Contents
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
- 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)
- 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
- About Us and Sales Contact
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