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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 (2017-2027); 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 2017-2021. The market is further expected to witness a healthy growth in the forecast period of 2022-2027.

 

Biomass Power Market

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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.

 

Biomass Power Market by End Use

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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.

 

Biomass Power Market by Region

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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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2017-2021) 
    8.3    Global Power Generation Market Forecast (2022-2027)
    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 (2017-2021) 
    9.3    Global Biomass Power Market Forecast (2022-2027)
    9.4    Global Biomass Power Market by Technology
        9.4.1    Combustion
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
        9.4.2    Gasification
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
        9.4.3    Anaerobic Digestion
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2017-2021)
            9.4.3.3    Forecast Trend (2022-2027)
        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 (2017-2021)
            9.5.1.3    Forecast Trend (2022-2027)
        9.5.2    Liquid
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2017-2021)
            9.5.2.3    Forecast Trend (2022-2027)
        9.5.3    Biogas
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2017-2021)
            9.5.3.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            9.6.1.3    Forecast Trend (2022-2027)
        9.6.2    Transportation
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2017-2021)
            9.6.2.3    Forecast Trend (2022-2027)
        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 (2017-2021)
        10.1.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        10.2.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        10.3.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        10.4.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        10.5.2    Forecast Trend (2022-2027)
        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, 2016 and 2026
2.    Global Power Generation Historical Market: Breakup by Source (USD Billion), 2017-2021
3.    Global Power Generation Market Forecast: Breakup by Source (USD Billion), 2022-2027
4.    Global Power Generation Historical Market: Breakup by End Use (USD Billion), 2017-2021
5.    Global Power Generation Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6.    Global Power Generation Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Power Generation Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    Global Biomass Power Market: Key Industry Highlights, 2016 and 2026
9.    Global Biomass Power Historical Market: Breakup by Technology (USD Billion), 2017-2021
10.    Global Biomass Power Market Forecast: Breakup by Technology (USD Billion), 2022-2027
11.    Global Biomass Power Historical Market: Breakup by Feedstock (USD Billion), 2017-2021
12.    Global Biomass Power Market Forecast: Breakup by Feedstock (USD Billion), 2022-2027
13.    Global Biomass Power Historical Market: Breakup by End Use (USD Billion), 2017-2021
14.    Global Biomass Power Market Forecast: Breakup by End Use (USD Billion), 2022-2027
15.    Global Biomass Power Historical Market: Breakup by Region (USD Billion), 2017-2021
16.    Global Biomass Power Market Forecast: Breakup by Region (USD Billion), 2022-2027
17.    North America Biomass Power Historical Market: Breakup by Country (USD Billion), 2017-2021
18.    North America Biomass Power Market Forecast: Breakup by Country (USD Billion), 2022-2027
19.    Europe Biomass Power Historical Market: Breakup by Country (USD Billion), 2017-2021
20.    Europe Biomass Power Market Forecast: Breakup by Country (USD Billion), 2022-2027
21.    Asia Pacific Biomass Power Historical Market: Breakup by Country (USD Billion), 2017-2021
22.    Asia Pacific Biomass Power Market Forecast: Breakup by Country (USD Billion), 2022-2027
23.    Latin America Biomass Power Historical Market: Breakup by Country (USD Billion), 2017-2021
24.    Latin America Biomass Power Market Forecast: Breakup by Country (USD Billion), 2022-2027
25.    Middle East and Africa Biomass Power Historical Market: Breakup by Country (USD Billion), 2017-2021
26.    Middle East and Africa Biomass Power Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2017-2021, 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 2022-2027.

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.

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