Global Biomass Power Market Forecast 2022-2030
KEY FINDINGS
The global biomass power market is forecasted to register a CAGR of 6.30% in terms of revenue and 6.26% during the projected period 2022 to 2030. The market’s growth is credited to the affordable prices of energy produced by biomass-fired power plants as well as favorable government policies and regulations.
MARKET INSIGHTS
Biomass power is characterized as electricity generated from renewable biological waste that would otherwise be discarded in landfills, left in the woods as fodder for forest fires, or openly incinerated. In biomass power plants, waste is burned in order to generate steam that runs a turbine to produce power or that offers heat to homes as well as industries.
The energy generated using biomass needs minimum cost. The capital investment in biomass plants is relatively less compared to other energy production plants since the raw material is natural-waste. Furthermore, various companies, mainly in Europe, sell small-scale engines as well as combined power and heat systems that can run on natural gas, biogas, or propane. As a result, affordable prices of energy produced by biomass-fired power plants are set to play an integral role in fueling the global biomass power market growth during the forecast period.
REGIONAL INSIGHTS
The global Biomass power market growth assessment entails an in-depth study of North America, Europe, Asia-Pacific, and Rest of World. The Asia-Pacific captured the highest market share in 2021. The region’s market growth is attributable to favorable plans, policies, and research & development (R&D) initiatives, the increasing availability of biomass feedstock, and the presence of financial incentive schemes for renewable power sources.
COMPETITIVE INSIGHTS
The competitive rivalry in the global biomass power market ranges from moderate to high. The market is characterized by the presence of major global manufacturers with a robust market presence, in addition to technical expertise in biomass power solutions and components. Some of the top players operating in the market are General Electric Company, Mitsubishi Corporation, Suez Environment Company, 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 cater 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.
• 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
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Affordable Prices Of Energy Produced By Biomass-fired Power Plants
- 3.1.2. Favorable Government Policies And Regulations
- 3.2. Key Restraints
- 3.2.1. Availability Of Seasonal Biomass Material
- 3.2.2. Renewable Power Resources As A Substitute
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Biomass Power Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key Buying Criteria
- 4.7.1. Favorable Regulations
- 4.7.2. Application
- 4.8. Regulatory Framework
- 5. Market By Feedstock (In Terms Of Revenue: $ Billion & In Terms Of Volume: Million Mwh)
- 5.1. Solid Biomass
- 5.2. Liquid Biomass
- 5.3. Biogas
- 5.4. Municipal Solid Waste
- 6. Market By Technology
- 6.1. Anaerobic Digestion
- 6.2. Combustion
- 6.3. Gasification
- 6.4. Co-firing & Chp
- 6.5. Lfg
- 7. Market By End-user
- 7.1. Residential
- 7.2. Commercial
- 7.3. Industrial
- 8. Geographical Analysis (In Terms Of Revenue: $ Billion & In Terms Of Volume: Million Mwh)
- 8.1. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.2. Canada
- 8.2. Europe
- 8.2.1. Market Size & Estimates
- 8.2.2. Key Growth Enablers
- 8.2.3. Key Challenges
- 8.2.4. Key Players
- 8.2.5. Country Analysis
- 8.2.5.1. Germany
- 8.2.5.2. United Kingdom
- 8.2.5.3. France
- 8.2.5.4. Italy
- 8.2.5.5. Norway
- 8.2.5.6. Spain
- 8.2.5.7. Belgium
- 8.2.5.8. Poland
- 8.2.5.9. Rest Of Europe
- 8.3. Asia-pacific
- 8.3.1. Market Size & Estimates
- 8.3.2. Key Growth Enablers
- 8.3.3. Key Challenges
- 8.3.4. Key Players
- 8.3.5. Country Analysis
- 8.3.5.1. China
- 8.3.5.2. India
- 8.3.5.3. Japan
- 8.3.5.4. South Korea
- 8.3.5.5. Thailand
- 8.3.5.6. Australia
- 8.3.5.7. Vietnam
- 8.3.5.8. Rest Of Asia-pacific
- 8.4. Rest Of World
- 8.4.1. Market Size & Estimates
- 8.4.2. Key Growth Enablers
- 8.4.3. Key Challenges
- 8.4.4. Key Players
- 8.4.5. Regional Analysis
- 8.4.5.1. Latin America
- 8.4.5.2. Middle East & Africa
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Ameresco Inc
- 9.2.2. Babcock & Wilcox Enterprises Inc
- 9.2.3. E.On Energy
- 9.2.4. General Electric Company
- 9.2.5. Mitsubishi Heavy Industries Ltd
- 9.2.6. Orsted
- 9.2.7. Ramboll Group
- 9.2.8. Suez Environment Company
- 9.2.9. Thermax Ltd
- 9.2.10. Valmet Oyj
- 9.2.11. Vattenfall Ab
- 9.2.12. Veolia Environment Sa
- 9.2.13. Xcel Energy Inc
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook