Biomass Power Generation - Global Strategic Business Report

The global market for Biomass Power Generation was estimated at US$90.8 Billion in 2024 and is projected to reach US$104.8 Billion by 2030, growing at a CAGR of 2.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Biomass Power Generation market.

Global Biomass Power Generation Market - Key Trends & Drivers Summarized

Why Is Biomass Power Generation Gaining Momentum in the Renewable Energy Sector?

Biomass power generation has emerged as a vital component of the global renewable energy mix, offering a sustainable solution to meet rising electricity demand while reducing carbon emissions. Derived from organic materials such as wood pellets, agricultural residues, and municipal solid waste, biomass serves as a renewable alternative to fossil fuels in electricity production. The increasing push toward decarbonization and energy security is driving governments and industries to invest in biomass power plants, ensuring a steady transition toward cleaner energy sources. The demand for biomass power is particularly strong in regions that aim to diversify their energy sources and reduce dependence on coal and natural gas. Europe, North America, and parts of Asia-Pacific have implemented favorable policies to support biomass adoption, offering incentives such as feed-in tariffs, renewable energy credits, and carbon tax exemptions. Additionally, technological advancements in biomass combustion, gasification, and co-firing techniques are improving energy efficiency, making biomass a more competitive and viable option in the global energy market.

How Are Technological Advancements Enhancing Biomass Power Generation?

Significant progress in biomass power technologies is driving efficiency improvements and expanding the application of biomass in large-scale power generation. Modern biomass power plants are integrating advanced gasification processes, which convert organic feedstock into a cleaner and more efficient syngas, reducing greenhouse gas emissions and enhancing power output. Moreover, combined heat and power (CHP) systems are becoming increasingly popular, allowing biomass plants to generate electricity while simultaneously producing useful heat for industrial and residential use. Another crucial advancement in biomass power generation is the development of torrefaction technology, which enhances the energy density and storage capabilities of biomass fuels. Torrefied biomass exhibits properties similar to coal, making it easier to transport and co-fire with traditional fossil fuels in existing power plants. Additionally, the integration of carbon capture and storage (CCS) solutions in biomass facilities is helping mitigate environmental concerns, positioning biomass as a carbon-neutral or even carbon-negative energy source. These innovations are strengthening the role of biomass power generation in the transition toward a low-carbon future.

What Market Trends Are Driving the Growth of Biomass Power Generation?

One of the most significant trends shaping the biomass power generation market is the increasing use of waste-to-energy (WTE) technologies. Governments and municipalities worldwide are investing in biomass-based WTE plants to address growing waste management challenges while simultaneously generating electricity. This trend aligns with the circular economy concept, promoting sustainable resource utilization and reducing landfill dependence. Another key market trend is the growing collaboration between utilities, independent power producers (IPPs), and agricultural industries. Biomass co-firing with coal is gaining traction as a transitional strategy to reduce carbon emissions without completely phasing out existing coal power infrastructure. Furthermore, the expansion of distributed biomass power systems in rural and off-grid regions is supporting energy access initiatives, particularly in developing countries. With advancements in biomass fuel logistics and supply chain management, biomass power generation is becoming more scalable and commercially viable across diverse geographic regions.

What Are the Key Growth Drivers for the Biomass Power Generation Market?

The growth in the Biomass Power Generation market is driven by several factors including increasing government policies supporting renewable energy adoption, advancements in biomass conversion technologies, and the rising demand for sustainable energy solutions. The implementation of carbon pricing mechanisms and emission reduction targets is further incentivizing industries to shift toward biomass-based power generation. Additionally, the expanding availability of agricultural and forestry residues is ensuring a stable biomass feedstock supply, reducing concerns about resource scarcity. The growing interest in bioenergy as part of the broader energy transition strategy is also fostering investments in new biomass projects and infrastructure development. As industries and governments continue to prioritize sustainability and energy diversification, the biomass power generation market is expected to witness steady growth, cementing its role in the global renewable energy landscape.

Scope of Study:

The report analyzes the Biomass Power Generation market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Feedstock (Forest Waste Feedstock, Agriculture Waste Feedstock, Animal Waste Feedstock, Municipal Waste Feedstock); Technology (Combustion Technology, Gasification Technology, Anaerobic Digestion Technology, Pyrolysis Technology); Fuel (Solid Fuel, Liquid Fuel, Gaseous Fuel)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Forest Waste Feedstock segment, which is expected to reach US$39.6 Billion by 2030 with a CAGR of a 2.6%. The Agriculture Waste Feedstock segment is also set to grow at 2.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $24.7 Billion in 2024, and China, forecasted to grow at an impressive 4.5% CAGR to reach $19.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Biomass Power Generation Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biomass Power Generation Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Biomass Power Generation Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ACCIONA SA, Babcock & Wilcox Enterprises Inc., Belgian Eco Energy (BEE), D.E.S.I Power, Drax Group and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 41 companies featured in this Biomass Power Generation market report include:

• ACCIONA SA
• Babcock & Wilcox Enterprises Inc.
• Belgian Eco Energy (BEE)
• D.E.S.I Power
• Drax Group
• EDF
• Energetický a prumyslový holding, a.?s. (EPH)
• ENGIE Group
• Ørsted A/S
• RENOVA, Inc.
• RWE
• Statkraft AS
• Vattenfall AB
• Veolia Environnement S.A.
• Xcel Energy Inc.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.