The global biomass power market size is expected to reach USD 203.61 billion by 2030. The market is expected to expand at a CAGR of 6.0% over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key factor driving the growth of this market. The COVID-19 pandemic has hampered the market growth globally owing to the disruptions in the supply chain, which resulted in delays for some projects. The power demand has declined from commercial and industrial end-users in the non-essential category due to the closure of operations during the lockdown.
These factors have resulted in delays in the construction of new biomass power plants and reduced power supply from existing biomass power plants. Solid biofuel has emerged as the dominant feedstock segment in the market owing to its easy availability. Moreover, it is simpler to use than liquid biofuel and biogas in power generation applications. The combustion technology segment accounted for the largest market share in 2021, in terms of revenue. The growth of this segment can be attributed to lower costs of combustion technology than anaerobic digestion and gasification technologies. Europe has emerged as the major regional market owing to the presence of supportive policies and plans, coupled with the announcement of the phasing-out of coal-based power plants by the leading European countries, such as the U.K., Germany, and France.
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These factors have resulted in delays in the construction of new biomass power plants and reduced power supply from existing biomass power plants. Solid biofuel has emerged as the dominant feedstock segment in the market owing to its easy availability. Moreover, it is simpler to use than liquid biofuel and biogas in power generation applications. The combustion technology segment accounted for the largest market share in 2021, in terms of revenue. The growth of this segment can be attributed to lower costs of combustion technology than anaerobic digestion and gasification technologies. Europe has emerged as the major regional market owing to the presence of supportive policies and plans, coupled with the announcement of the phasing-out of coal-based power plants by the leading European countries, such as the U.K., Germany, and France.
Biomass Power Market Report Highlights
- In terms of revenue, the solid biofuel segment accounted for the dominant revenue share in 2021 and is projected to expected further over the forecast period.
- Germany dominated the Europe regional market and accounted for the maximum revenue share in 2021.
- The high rate of depletion of fossil fuels in the Europe region is creating ample growth opportunities for this market.
- The European Union has set a target to fulfill a significant portion of its energy requirements from renewable sources.
- The focus of governments of different countries of the region on reducing carbon emissions also creates ample opportunities for the market.
- Some of the major strategic initiatives undertaken by vendors in the biomass power market include M&A & R&D activities, overseas business expansions, and strategic collaborations among the market participants.
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Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Products & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Biomass Power Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Opportunity Assessment
3.6.4. Industry Challenges
3.7. Business Environment Analysis: Biomass Power Market
3.7.1. Industry Analysis-Porter’s
3.7.1.1. Supplier Power
3.7.1.2. Buyer power
3.7.1.3. Threat of substitutes
3.7.1.4. Threat of new entrants
3.7.1.5. Competitive rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technological Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
3.8. Impact of COVID on Biomass Power Market
Chapter 4. Biomass Power Market: Technology Estimates & Trend Analysis
4.1. Technology Movement Analysis & Market Share, 2021 & 2030
4.2. Combustion
4.2.1. Central Biomass Power market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
4.3. Anaerobic Digestion
4.3.1. String Biomass Power market estimates and forecasts, 2019-2030(Million MWh) (USD Million)
4.4. Gasification
4.4.1. Micro Biomass Power market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
Chapter 5. Biomass Power Market: Feedstock Estimates & Trend Analysis
5.1. Feedstock Movement Analysis & Market Share, 2021 & 2030
5.2. Solid Biofuel
5.2.1. Market estimates and forecasts in residential, 2019-2030 (Million MWh) (USD Million)
5.3. Liquid Biofuel
5.3.1. Market estimates and forecasts in commercial & industrial, 2019-2030 (Million MWh) (USD Million)
5.4. Biogas
5.4.1. Market estimates and forecasts in utility, 2019-2030 (Million MWh) (USD Million)
Chapter 6. Biomass Power Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. North America
6.2.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.2.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.2.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.2.4.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.2.4.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.2.5.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.2.5.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.2.6.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.2.6.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.3.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.3.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.3.4. U.K.
6.3.4.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.3.4.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.3.4.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.3.5. Germany
6.3.5.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.3.5.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.3.5.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.3.6. Italy
6.3.6.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.3.6.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.3.6.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.4.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.4.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.4.4.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.4.4.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.4.5.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.4.5.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.4.6. Thailand
6.4.6.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.4.6.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.4.6.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.5.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.5.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.5.4.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.5.4.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2019-2030 (Million MWh) (USD Million)
6.6.2. Market estimates and forecasts, by Technology, 2019-2030 (Million MWh) (USD Million)
6.6.3. Market estimates and forecasts, by Feedstock, 2019-2030 (Million MWh) (USD Million)
Chapter 7. Competitive Analysis
7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
7.3. Vendor Landscape
7.3.1. List of key Distributor and Channel partner
7.3.2. List of Potential Customers
7.4. Public Companies
7.4.1. Competitive Dashboard Analysis
7.5. Private Company
7.5.1. List Of Key Emerging Companies /Technology Disruptors/Innovators
7.5.2. Company Competitive Heat Map Analysis
Chapter 8. Company Profiles
8.1. Mitsubishi Power, Ltd.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Technology Benchmarking
8.1.4. Strategic Initiatives
8.2. Suez
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Technology Benchmarking
8.2.4. Strategic Initiatives
8.3. Xcel Energy Inc.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Technology Benchmarking
8.3.4. Strategic Initiatives
8.4. Ramboll Group A/S
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Technology Benchmarking
8.4.4. Strategic Initiatives
8.5. Ameresco Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Technology Benchmarking
8.5.4. Strategic Initiatives
8.6. Babcock & Wilcox Enterprises, Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Technology Benchmarking
8.6.4. Strategic Initiatives
8.7. Orsted A/S
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Technology Benchmarking
8.7.4. Strategic Initiatives
8.8. General Electric
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Technology Benchmarking
8.8.4. Strategic Initiatives
8.9. Veolia
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Technology Benchmarking
8.9.4. Strategic Initiatives
8.10. Vattenfall
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Technology Benchmarking
8.10.4. Strategic InitiativesList of Tables
1. Global Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
2. Global Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
3. Global Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
4. North America Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
5. North America Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
6. North America Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
7. U.S. Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
8. U.S. Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
9. U.S. Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
10. Canada Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
11. Canada Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
12. Canada Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
13. Mexico Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
14. Mexico Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
15. Mexico Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
16. Europe Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
17. Europe Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
18. Europe Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
19. Germany Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
20. Germany Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
21. Germany Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
22. Italy Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
23. Italy Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
24. Italy Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
25. U.K. Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
26. U.K. Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
27. U.K. Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
28. Asia Pacific Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
29. Asia Pacific Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
30. Asia Pacific Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
31. China Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
32. China Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
33. China Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
34. India Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
35. India Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
36. India Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
37. Thailand Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
38. Thailand Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
39. Thailand Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
40. Central & South America Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
41. Central & South America Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
42. Central & South America Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
43. Brazil Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
44. Brazil Biomass Power market estimates and forecast, by Feedstock, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
45. Brazil Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
46. Middle East & Africa Biomass Power market estimates and forecast, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
47. Middle East & Africa Biomass Power market estimates and forecast, by Source, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
48. Middle East & Africa Biomass Power market estimates and forecast, by Technology, 2019-2030 (Volume, Million MWh, Revenue, USD Million)
List of Figures
1. Market segmentation & scope
2. Market segmentation & scope
3. Biomass Power value chain analysis
4. Biomass Power market dynamics
5. Marker driver impact analysis
6. Market restraint impact analysis
7. PORTER’S analysis : Biomass Power market
8. PESTEL Analysis : Biomass Power market
9. Biomass Power market : Feedstock movement analysis, 2021 & 2030
10. Biomass Power market : Technology movement analysis, 2021 & 2030
11. Biomass Power market : Regional movement analysis, 2021 & 2030
Companies Mentioned
- Mitsubishi Power, Ltd.
- Suez
- Xcel Energy Inc.
- Ramboll Group A/S
- Ameresco Inc.
- Babcock & Wilcox Enterprises, Inc.
- Orsted A/S
- General Electric
- Veolia
- Vattenfall
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 98 |
| Published | February 2022 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 127.35 Billion |
| Forecasted Market Value ( USD | $ 203.61 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
