Biomass and Waste-to-Energy

Global Biomass and Waste-to-Energy Market to Reach US$45.7 Billion by 2030

The global market for Biomass and Waste-to-Energy estimated at US$34.0 Billion in the year 2024, is expected to reach US$45.7 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2024-2030. Thermal, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$36.4 Billion by the end of the analysis period. Growth in the Biological segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.0 Billion While China is Forecast to Grow at 6.1% CAGR

The Biomass and Waste-to-Energy market in the U.S. is estimated at US$6.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Biomass and Waste-to-Energy Market - Key Trends & Drivers Summarized

Biomass and waste-to-energy (WTE) technologies are increasingly recognized as pivotal components of sustainable energy strategies. Biomass refers to organic material derived from plants and animals, which can be used directly as fuel or converted into biofuels through various processes. Common sources include agricultural residues, forestry by-products, and dedicated energy crops. Waste-to-energy, on the other hand, involves the conversion of municipal solid waste (MSW) into usable heat, electricity, or fuel. This process not only helps in managing waste but also in generating renewable energy, thereby addressing two critical issues simultaneously: waste management and energy production. The integration of these technologies supports the reduction of greenhouse gas emissions and reliance on fossil fuels, contributing significantly to environmental sustainability and energy security.

The technologies used in biomass and WTE processes are diverse and continuously evolving. Biomass conversion methods include direct combustion, anaerobic digestion, and gasification. Direct combustion involves burning biomass in boilers to produce steam for electricity generation. Anaerobic digestion utilizes microorganisms to break down organic matter in the absence of oxygen, producing biogas that can be used for heat and power. Gasification converts biomass into a syngas through partial oxidation, which can then be used to generate electricity or produce chemicals. Similarly, WTE technologies encompass incineration, pyrolysis, and plasma arc gasification. Incineration involves burning waste at high temperatures to produce steam for power generation. Pyrolysis thermally decomposes organic material at high temperatures in the absence of oxygen, producing bio-oil and syngas. Plasma arc gasification uses electrically generated plasma to convert waste into syngas and slag, minimizing residual waste. These technological advancements enhance the efficiency and environmental performance of biomass and WTE facilities, making them more viable and attractive solutions for modern energy challenges.

The growth in the biomass and waste-to-energy market is driven by several factors, including technological advancements, policy support, and increasing awareness of environmental issues. Technological advancements have significantly improved the efficiency and scalability of biomass and WTE systems, making them more cost-effective and capable of handling larger volumes of waste and biomass. Government policies and incentives, such as tax credits, subsidies, and renewable energy mandates, play a crucial role in promoting the adoption of these technologies. The increasing awareness and concern about environmental issues, particularly climate change and waste management, have spurred both public and private sector investments in biomass and WTE projects. Furthermore, the growing demand for renewable energy sources to meet rising energy needs and the shift towards a circular economy, where waste is minimized, and resources are reused, also contribute to market growth. The integration of smart grid technologies and advancements in material recovery from waste are additional drivers, enabling more efficient and sustainable energy production from biomass and waste resources. Collectively, these factors highlight the dynamic and multifaceted growth of the biomass and waste-to-energy market, emphasizing its critical role in the transition towards a more sustainable and resilient energy future.

SCOPE OF STUDY:

The report analyzes the Biomass and Waste-to-Energy market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (Thermal; Biological; Other Technologies)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 58 Featured) -

• Agrigas Energy S.A.
• Babcock & Wilcox Enterprises, Inc.
• Future Biogas Limited
• Hitachi Zosen Corporation
• ITOCHU Corporation
• Keppel Corporation
• Licella Holdings Ltd.
• Marubeni Corporation
• Mitsubishi Heavy Industries Ltd.
• The EDF Group
• Veolia Environnement S.A.
• Wartsila Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.