Reports
Global Biomass Power Market: By Technology: Combustion, Gasification, Anaerobic Digestion, Others; By Feedstock: Solid, Liquid, Biogas; By End Use: Industrial, Transportation, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Biomass Power Market Outlook
The global biomass power market grew at a CAGR of around 8.0% during the historical period of 2018-2022. The market is further expected to witness a healthy growth in the forecast period of 2023-2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Heightened Utility in the Industrial Sector to Prove Beneficial for the Market Growth of Biomass Power
The market is currently being driven by the growing demand for biomass power solutions in the industrial sector, spurred by the increasing focus of various companies on reducing their dependency on fossil fuels. In addition, the growing adoption of clean energy solutions to reduce the overall CO2 emissions is anticipated to support the demand for biomass power in the forecast period. Further, many industries are also installing biomass power plants on-site to burn the waste generated at the site, thereby minimising the cost of waste disposal as well as the energy costs.
Europe to Account for a Significant Share in the Global Market for Biomass Power
Europe currently represents the largest market, accounting for 35% of the total production of biomass power, followed by North America. Biomass for energy is the main source of renewable energy in the European Union, accounting for a share of around 60%, which is majorly utilised in the heating and cooling sector. Forestry such as wood-processing residues, fuelwood, and logging residues, among others, represents the main source of biomass energy in the region. In the forecast period, the heightened deployment of biomass power solutions across industry verticals to meet the EU’s renewable energy targets for 2030 is anticipated to prove beneficial for the market growth in the coming years. Meanwhile, the market is also expected to witness a considerable growth in regions like the Asia Pacific. This can be attributed to the increasing focus of governments across emerging countries like India and China on curbing the pollution levels and promoting the adoption of green energy sources.
Market Segmentation
Biomass gasification is the process in which solid fuels (biomass) such as wood, wood waste, and agricultural residues get converted into combustible gas mixture referred to as producer gas or syngas. This is done through a sequence of thermo-chemical reactions using heat, pressure and partial combustion which occur when the air supply (O2) is less than adequate for the completion of the process of combustion of biomass.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By technology, the market can be divided into:
- Combustion
- Gasification
- Anaerobic Digestion
- Others
On the basis of feedstock, the market is segmented into:
- Solid
- Liquid
- Biogas
Based on end use, the market is categorised into:
- Industrial
- Transportation
- Others
The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Surging Environmental Consciousness to Augment the Market Growth of Biomass Power
The market is currently being driven by the abundant availability of biomass or raw material, reduced dependency on fossil fuels, absence of harmful emissions, and increased focus on the use of clean energy. The increasing environmental consciousness is driving countries across the globe to expand their renewable energy usage, which is surging the demand for biomass power. Major countries across the globe including China, Germany, the UK, and France, have announced their plans to become carbon-neutral nations in the future, which is resulting in the implementation of favourable policies and regulations that aim to reduce the consumption of coal and promoting the use of bio-based alternatives like biomass for energy generation. Furthermore, the growing demand for biomass power solutions in the generation of bioelectricity is expected to support the market growth in the forecast period. Also, the economic viability offered by biomass power solutions is anticipated to bolster their adoption in the forecast period.
Key Players in the Global Biomass Power Market
The report gives a detailed analysis of the following key players in the global biomass power market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Vattenfall Group.
- Babcock & Wilcox Enterprises, Inc.
- Ameresco, Inc.
- Ørsted A/S
- Ramboll Group A/S
- Mitsubishi Heavy Industries, Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Feedstock, End Use, Region |
| Breakup by Technology | Combustion, Gasification, Anaerobic Digestion, Others |
| Breakup by Feedstock | Solid, Liquid, Biogas |
| Breakup by End Use | Industrial, Transportation, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Vattenfall Group., Babcock & Wilcox Enterprises, Inc., Ameresco, Inc., Ørsted A/S, Ramboll Group A/S, Mitsubishi Heavy Industries, Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Power Generation Market Overview
8.1 Key Industry Highlights
8.2 Global Power Generation Historical Market (2018-2022)
8.3 Global Power Generation Market Forecast (2023-2028)
8.4 Global Power Generation Market by Source
8.5 Global Power Generation Market by End Use
8.6 Global Power Generation Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Global Biomass Power Market Analysis
9.1 Key Industry Highlights
9.2 Global Biomass Power Historical Market (2018-2022)
9.3 Global Biomass Power Market Forecast (2023-2028)
9.4 Global Biomass Power Market by Technology
9.4.1 Combustion
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Gasification
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Anaerobic Digestion
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 Global Biomass Power Market by Feedstock
9.5.1 Solid
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Liquid
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Biogas
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.6 Global Biomass Power Market by End Use
9.6.1 Industrial
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Transportation
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Others
9.7 Global Biomass Power Market by Region
9.7.1 Market Share
9.7.1.1 North America
9.7.1.2 Europe
9.7.1.3 Asia Pacific
9.7.1.4 Latin America
9.7.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Vattenfall Group.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Babcock & Wilcox Enterprises, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Ameresco, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Financial Summary
12.2.3.5 Certifications
12.2.4 Ørsted A/S
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Ramboll Group A/S
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Mitsubishi Heavy Industries, Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Power Generation Market: Key Industry Highlights, 2018 and 2028
2. Global Power Generation Historical Market: Breakup by Source (USD Billion), 2018-2022
3. Global Power Generation Market Forecast: Breakup by Source (USD Billion), 2023-2028
4. Global Power Generation Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Power Generation Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Power Generation Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Power Generation Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. Global Biomass Power Market: Key Industry Highlights, 2018 and 2028
9. Global Biomass Power Historical Market: Breakup by Technology (USD Billion), 2018-2022
10. Global Biomass Power Market Forecast: Breakup by Technology (USD Billion), 2023-2028
11. Global Biomass Power Historical Market: Breakup by Feedstock (USD Billion), 2018-2022
12. Global Biomass Power Market Forecast: Breakup by Feedstock (USD Billion), 2023-2028
13. Global Biomass Power Historical Market: Breakup by End Use (USD Billion), 2018-2022
14. Global Biomass Power Market Forecast: Breakup by End Use (USD Billion), 2023-2028
15. Global Biomass Power Historical Market: Breakup by Region (USD Billion), 2018-2022
16. Global Biomass Power Market Forecast: Breakup by Region (USD Billion), 2023-2028
17. North America Biomass Power Historical Market: Breakup by Country (USD Billion), 2018-2022
18. North America Biomass Power Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Europe Biomass Power Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Europe Biomass Power Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Asia Pacific Biomass Power Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Asia Pacific Biomass Power Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Latin America Biomass Power Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Latin America Biomass Power Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. Middle East and Africa Biomass Power Historical Market: Breakup by Country (USD Billion), 2018-2022
26. Middle East and Africa Biomass Power Market Forecast: Breakup by Country (USD Billion), 2023-2028
27. Global Biomass Power Market Structure
Key Questions Answered in the Report
The biomass power market grew at a CAGR of 8.0% between 2016 and 2020.
The major drivers of the industry, such as abundant availability of biomass or raw material, rising awareness of the alternative fuel, reduced dependency on fossil fuels, absence of harmful emissions, and increasing focus on use of clean energy, are expected to aid the market growth.
The key market trends guiding the industry growth include the rising competition and ongoing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest share in the market.
The major sources of the product in the industry are solid biomass, biogas, municipal waste, and liquid biomass.
The leading end use sector of the product is the industrial sector.
The major players in the industry are Essent, Electrabel, Babcock & Wilcox Vølund A/S, and Drax Group plc.
Analyst Review
The global biomass power market grew at a CAGR of 8.0% in the historical period 2018-2022, driven by the abundant availability of the product. Aided by the ongoing R&D activities in the industry, the market is expected to witness a further growth in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the biomass power industry can be segmented into solid biomass, biogas, municipal waste, and liquid biomass. On the basis of end uses, the industrial sector accounts for the leading share in the industry. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest market share of the market. The key players in the above market include Essent, Electrabel, Babcock & Wilcox Vølund A/S, and Drax Group plc.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER