The global biopower market was valued at $14.2 billion in 2021, and is projected to reach $26.3 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
The extraction of power from the biogas and various other biofuels are known as bio power. The ease of availability of resources across the globe has driven the construction of bio gas and biofuel production plants. According to the United States Environmental Protection Agency (USEPA), carbon dioxide generated from electricity constitutes is approximately 25 % of U.S. greenhouse emissions. To tackle the environmental problem, sustainable options are being considered, such as the use of biomass.
The increase in the capacity to generate renewable power and the use of new kinds of technologies to boost the process relating to biomass conversion has driven the biopower market. The demand for sustainable and energy-efficient solutions has also played a major role in strengthening the market growth. Biogas, which is a part of bio power is majorly composed of methane and carbon dioxide, which is produced by the process of anaerobic digestion and it can be also produced through the thermal process of solid biofuel. Biomass power can be utilized for various applications, such as power generation, heating, and cooking. .
Europe was the largest regional market in 2021 and accounted for a revenue share of more than 36.3%. The European Union, in its long-term strategy, has aimed to be carbon-neutral by 2050. This objective is in line with the European Union’s commitments as part of the Paris Agreement. According to the European Green Deal, the European Commission in March 2020 has passed the first-ever European Climate Law to achieve its 2050 climate-neutrality goal. Furthermore, the European Union member countries are required to develop and implement national long-term strategies to achieve their commitments as per the Paris Agreement.
North America also accounted for a significant share of the global market revenue in 2021. The demand for biomass power across North America is primarily driven by the U.S. and Canada. The North America region is majorly dependent on coal for power generation. The recent discovery of shale gas reserves in the region has resulted in gas-based power generation, which is gaining higher growth over coal-based power generation. On the other hand, the market in Asia-Pacific is estimated to register the fastest growth rate over the forecast period.
The biopower market is segmented on the basis of by feedstock, technology, end use and region. On the basis of feedstock, it is fragmented into solid biofuel, liquid biofuel, and biogas. On the basis of technology, the market is categorized into direct combustion, gasification, anaerobic digestion, landfill gas, and other. The landfill gas is segment further classified into electricity, direct use, combined heat and power, and alternate fuels. In addition, on the basis of end use, the biopower market is divided into residential, commercial, and industrial.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in this report include Dalkia, EnviTec Biogas AG, Schmack Biogas GmbH, Orsted A/S, Babcock & Wilcox Enterprises Inc., Ameresco, MVV Energie AG, Enerkem, Drax Group, Helius Energy Plc, Alstom SA, Veolia, Ramboll Group A/S, and Mitsubishi Heavy Industries Ltd. Owing to rapidf industrialization, urbanization has led to the demand for power from sustainable resources, which led to the increase in the demand for bio power market. The presence of demand for portable electronics and construction of smart cities has fuelled the construction of landfill gas facilities which will drive the bio power market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the type of electronic load devices have led to attain key developments in the global biopower market trends.
COVID-19 has negatively impacted the biopower market due to decline in manpower and material resources. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the government of various countries across the globe has issued policies regarding sustainable development in coming years which will have positive impact on the market. The presence of investment in the biofuel and biogas production plant in the developing countries such as India and China due to low availability of fossil fuel resources lead to surge in the market growth after the pandemic.
The extraction of power from the biogas and various other biofuels are known as bio power. The ease of availability of resources across the globe has driven the construction of bio gas and biofuel production plants. According to the United States Environmental Protection Agency (USEPA), carbon dioxide generated from electricity constitutes is approximately 25 % of U.S. greenhouse emissions. To tackle the environmental problem, sustainable options are being considered, such as the use of biomass.
The increase in the capacity to generate renewable power and the use of new kinds of technologies to boost the process relating to biomass conversion has driven the biopower market. The demand for sustainable and energy-efficient solutions has also played a major role in strengthening the market growth. Biogas, which is a part of bio power is majorly composed of methane and carbon dioxide, which is produced by the process of anaerobic digestion and it can be also produced through the thermal process of solid biofuel. Biomass power can be utilized for various applications, such as power generation, heating, and cooking. .
Europe was the largest regional market in 2021 and accounted for a revenue share of more than 36.3%. The European Union, in its long-term strategy, has aimed to be carbon-neutral by 2050. This objective is in line with the European Union’s commitments as part of the Paris Agreement. According to the European Green Deal, the European Commission in March 2020 has passed the first-ever European Climate Law to achieve its 2050 climate-neutrality goal. Furthermore, the European Union member countries are required to develop and implement national long-term strategies to achieve their commitments as per the Paris Agreement.
North America also accounted for a significant share of the global market revenue in 2021. The demand for biomass power across North America is primarily driven by the U.S. and Canada. The North America region is majorly dependent on coal for power generation. The recent discovery of shale gas reserves in the region has resulted in gas-based power generation, which is gaining higher growth over coal-based power generation. On the other hand, the market in Asia-Pacific is estimated to register the fastest growth rate over the forecast period.
The biopower market is segmented on the basis of by feedstock, technology, end use and region. On the basis of feedstock, it is fragmented into solid biofuel, liquid biofuel, and biogas. On the basis of technology, the market is categorized into direct combustion, gasification, anaerobic digestion, landfill gas, and other. The landfill gas is segment further classified into electricity, direct use, combined heat and power, and alternate fuels. In addition, on the basis of end use, the biopower market is divided into residential, commercial, and industrial.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in this report include Dalkia, EnviTec Biogas AG, Schmack Biogas GmbH, Orsted A/S, Babcock & Wilcox Enterprises Inc., Ameresco, MVV Energie AG, Enerkem, Drax Group, Helius Energy Plc, Alstom SA, Veolia, Ramboll Group A/S, and Mitsubishi Heavy Industries Ltd. Owing to rapidf industrialization, urbanization has led to the demand for power from sustainable resources, which led to the increase in the demand for bio power market. The presence of demand for portable electronics and construction of smart cities has fuelled the construction of landfill gas facilities which will drive the bio power market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the type of electronic load devices have led to attain key developments in the global biopower market trends.
Covid-19 Analysis
The global COVID-19 pandemic has negative impact on the biopower market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market has exhibited a decline by about 25% in 2020 compared to 2019 due to shutdown of various food processing industries and agricultural activities from where feedstock is used as raw material for the production of biopower.COVID-19 has negatively impacted the biopower market due to decline in manpower and material resources. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the government of various countries across the globe has issued policies regarding sustainable development in coming years which will have positive impact on the market. The presence of investment in the biofuel and biogas production plant in the developing countries such as India and China due to low availability of fossil fuel resources lead to surge in the market growth after the pandemic.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biopower market analysis from 2021 to 2031 to identify the prevailing biopower market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the biopower market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global biopower market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Feedstock
- Solid Biofuel
- Liquid Biofuel
- Biogas
By Technology
- Direct Combustion
- Gasification
- Anaerobic Digestion
- Landfill Gas
- Application
- Electricity
- Direct Use
- Combined Heat and Power
- Alternate Fuels
- Others
By End Use
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- Rest Of LAMEA
Key Market Players
- Dalkia
- EnviTec Biogas AG
- Schmack Biogas GmbH
- Weltec Biopower GmbH
- Orsted A/S
- ElectraTherm
- Babcock & Wilcox Enterprises Inc.
- Ameresco
- MVV Energie AG
- Enerkem
- Drax Group
- Sodra
- Helius Energy Plc
- Alstom SA
- Vattenfall AB
- Veolia
- Suez
- Ramboll Group A/S
- General Electric
- Mitsubishi Heavy Industries Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIOPOWER MARKET, BY FEEDSTOCK
CHAPTER 5: BIOPOWER MARKET, BY TECHNOLOGY
CHAPTER 6: BIOPOWER MARKET, BY END USE
CHAPTER 7: BIOPOWER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Biopower Market," the biopower market was valued at $14.2 billion in 2021, and is estimated to reach $26.3 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.Biopower refers to the energy that is generated by using organic materials. It acts as a useful, sustainable, and renewable source of energy that can be used to generate electrical energy, along with other kinds of power. Since biopower is naturally created, the electricity generated is carbon neutral, and it does not give rise to environmental issues such as pollution and carbon emissions.
Population growth, rising income levels, and rapid urbanization have created global demand for oil, however due to resource shortages, most countries in the world rely primarily on imports for oil supply. Expanding the use of biofuels not only reduces oil demand, however helps diversify the sources of liquid fuel imports, so biofuels are a possible option for addressing oil security issues. In addition, advanced fuel advances provide additional opportunities for farmers to increase their income. The above trends and factors drive the market growth. The increased adoption of ethanol as an alternative vehicle fuel and the benefits of applying advanced fuels in the transport sector can create employment opportunities to create jobs in rural areas and reduce pollution & trade deficits.
The increase in usage of portable electronic gadgets and electric energy source-based products have increased the demand for electricity. The depletion and uneven presence of natural resources across the globe is one of the driving factors for the growth of biopower market. The outbreak of pandemic has led the energy industries and countries which depend on fossil fuel imports into a tight spot, due to various challenges faced during this period. Various governments have set their sights on renewable and cost-efficient methods to solve this problem to overcome the future crisis. The above mentioned are the key factors that provide remunerative opportunities for the growth of the landfill gas technology in biopower market.
The biopower market is segmented on the basis of by feedstock, technology, end use, and region.
On the basis of feedstock, it is fragmented into solid biofuel, liquid biofuel, and biogas. On the basis of technology, the market is categorized into direct combustion, gasification, anaerobic digestion, landfill gas, and other. The landfill gas segment is further classified into electricity, direct use, combined heat & power, and alternate fuels. On the basis of end use, the global biopower market is divided into residential, commercial, and industrial.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in this report include Dalkia, EnviTec Biogas AG, Schmack Biogas GmbH, Orsted A/S, Babcock & Wilcox Enterprises Inc., Ameresco, MVV Energie AG, Enerkem, Drax Group, Helius Energy Plc, Alstom SA, Veolia, Ramboll Group A/S, and Mitsubishi Heavy Industries Ltd. Due to rapid development of industrialization and urbanization across the globe have led to depletion of natural resources. The exhaustion of fossil fuel resources has led to innovation and investment towards alternative resources which are sustainable and eco-friendly. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the detection technologies have led to attain key developments in the global biopower market trends.
Key Findings of the Study
- North America would exhibit CAGR of 6.1% during 2022-2031.
- As per global biopower market analysis, by feedstock, the solid biofuel segment accounted for the largest share in 2021.
- By technology, direct combustion was the leading segment in 2021.
- By end use, industrial segment has largest biopower market share in 2021.
- Covid-19 Analysis
- The global COVID-19 pandemic has negative impact on the biopower market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market has exhibited a decline by about 25% in 2020 compared to 2019 due to shutdown of various food processing industries and agricultural activities from where feedstock is used as raw material for the production of biopower.
- COVID-19 has negatively impacted the biopower market due to decline in manpower and material resources. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the government of various countries across the globe has issued policies regarding sustainable development in coming years which will have positive impact on the market. The presence of investment in the biofuel and biogas production plant in the developing countries such as India and China due to low availability of fossil fuel resources lead to surge in the market growth after the pandemic.
Companies Mentioned
- Dalkia
- Envitec Biogas AG
- Schmack Biogas GmbH
- Weltec Biopower GmbH
- Orsted A/S
- Electratherm
- Babcock & Wilcox Enterprises Inc.
- Ameresco
- Mvv Energie AG
- Enerkem
- Drax Group
- Sodra
- Helius Energy plc
- Alstom Sa
- Vattenfall Ab
- Veolia
- Suez
- Ramboll Group A/S
- General Electric
- Mitsubishi Heavy Industries Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 338 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 14.2 billion |
| Forecasted Market Value ( USD | $ 26.3 billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
