Europe Biomass Power Market Forecast 2022-2030

Europe Biomass Power Market Forecast 2022-2030

KEY FINDINGS

The Europe biomass power market is predicted to develop with a CAGR of 6.45% in terms of revenue and 6.23% in terms of volume during the forecast period 2022 to 2030. Some of the key factors propelling the market growth of the region include a strong emphasis on the development of biofuels in order to curb greenhouse gas emissions, the high rate of depletion of fossil fuels, and governments’ rising focus on minimizing carbon emissions.

MARKET INSIGHTS

The Europe biomass power market growth assessment comprises the evaluation of the United Kingdom, Norway, Spain, Germany, Belgium, France, Italy, Poland, and Rest of Europe. The role of renewable energy in Norway is among the highest across Europe, accounting for 58%. While the high influence is primarily credited to hydroelectricity, bioenergy has a truncated contribution to the Norwegian energy supply, equating to 6%. As the experience from other European Union (EU) member states depicted, stable, long-term policies, as well as relatively strong incentives, are required to initiate and establish a bioenergy market.

In Spain, the use of biomass for electricity generation is comparatively lower, despite the new plants. Until the beginning of 2020, the installed capacity equated to 518 MW, compared to 2.4 GW in the United Kingdom and 5.5GW in Germany. The chief use of this energy source in the country is for the production of thermal energy utilized for the production of hygienic hot water and as a contribution to various industrial processes. Therefore, these factors are set to propel the market growth in Europe during the forecast period.

COMPETITIVE INSIGHTS

Key firms operating in the market are E.ON Energy, Orsted, Ramboll Group, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments