The global biomass power generation market is expected to grow at a CAGR of around 8.5% during the forecast period (2021-2027). Biomass refers to biodegradable organic materials which are non-fossilized and originate from biological sources resulting from animals, plants, and micro-organisms. Biomass contains wastes, residues, and by-products from woods, agriculture industries as well as biodegradable organic fractions of municipal & industrial wastes. Biomass is used as a source of energy input for electricity generation, provision of heat, and as a fuel in the transportation sector.
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Biomass power generation distinct from the other alternative sources and can also provide baseload power which is likely to foster additional growth in the biomass power generation market. It is the clean sources of renewable energy that form an important part of the solution to economic, environmental, climate, and security challenges stood by the effective utilization of fossil fuels. Biomass used for power generation with a low-carbon and sustainable alternative to fossil fuels, allows the local communities to use domestic biomass resources. The utilization of biomass resources for power and energy generation forms a significant part of the strategic advantages of various government institutions. These initiatives aim to re-organize the national energy economies and augment the share of renewable energy in the whole power generation mix.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Biomass Power Generation Market by Feedstock
- Soild Biofuel
- Liquid Biofuel
- Biogas
Biomass Power Generation Market by Technology
- Gasification
- Anaerobic Digestion
- Combustion
Biomass Power Generation Market by End-User
- Household
- Industrial Sector
- Government Sector
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abellon CleanEnergy Ltd.
- Alstom S.A
- Ameresco, Inc.
- Biomass Combustion Systems Inc.
- Ørsted A/S
- OY Alholmens Kraft AB
- Drax Group Plc
- Enviva LP
- Helius Energy Plc
- MGT Power Ltd.
- New England Wood Pellet
- Novo Biopower LLC
- Reenergy Black River
- Snider Industries
- Sumitomo Heavy Industries, Ltd. (SHI)
- The Babcock & Wilcox Co.
- Vattenfall AB
- Wood Fuel Cooperative
- Woodville Renewable Power
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biomass power generation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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