Global Biomass Power Generation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Biomass Power Generation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Biomass refers to various organisms formed through photosynthesis, including all animals, plants and microorganisms. Biomass power generation is to use the biomass energy of biomass to generate electricity, which is an important part of renewable energy. For example, the use of agricultural and forestry residues (mainly forestry residues), biogas produced by farm residues, and urban domestic waste to generate electricity.

Market Overview:

The latest research study on the global Biomass Power Generation market finds that the global Biomass Power Generation market reached a value of USD 91343.9 million in 2023. It’s expected that the market will achieve USD 105775.11 million by 2029, exhibiting a CAGR of 2.47% during the forecast period.

New energy transformation and the goal of carbon peak carbon neutrality

The goal of carbon neutrality is an inherent requirement and an inevitable trend for the global economy to enter high-quality development. Structural changes are also taking place in power system construction. Renewable energy power generation has begun to become the mainstream of power supply construction. Biomass power generation technology is currently one of the most common and effective methods in the application of biomass energy. There is huge room for growth in the future. Bioenergy has a significant potential to reduce greenhouse gas emissions if biomass resources are exploited sustainably and with high-efficiency technologies. Certain existing systems and important future options, including multi-year crops, forest products, biomass residues and wastes, and advanced conversion technologies, can deliver significant GHG reductions, i.e., Can reduce 80% - 90% of emissions. Therefore, under the background of global carbon neutrality, the biomass power generation market has promising prospects.

Biomass power generation is conducive to the realization of circular economy

Biomass power generation, as an effective way to process and utilize agricultural and forestry waste, not only has great potential in clean heating and power generation, but also can effectively solve the open-air burning of straw and reduce environmental pollution in rural areas. The ash after burning can also be used as organic fertilizer, truly realizing The turning waste into wealth of agricultural, forestry and domestic waste is also a unique attribute of biomass energy power generation that distinguishes it from other renewable energy sources. Biomass power generation is also an effective environmental protection project. The high-value utilization of agricultural and forestry waste resources through biomass power generation can reduce water and soil pollution, space waste, fire safety hazards, and biological waste caused by agricultural and forestry waste to a certain extent. A series of environmental problems such as the threat of disease can effectively solve the impact of the decay of agricultural and forestry waste on the appearance of the village and the environmental pollution and safety hazards caused by the burning of straw in the field, which is conducive to improving rural environmental sanitation and living conditions in residential areas. Therefore, biomass power generation is conducive to the realization of circular economy and environmental protection concepts, which is in line with the current development trend of the world.

Region Overview:

In 2022, the European biomass power generation market share will be 61.53%.

Company Overview:

The Drax Group is one of the key players in the biomass power generation market and will hold a 3.27% share by 2023.

The Drax Group is a renewable energy company engaged in the generation of renewable energy, sustainable biomass production and the sale of renewable electricity to businesses.

China Energy Conservation and Environmental Protection Group Co., Ltd. is a central enterprise established in 2010 by the joint reorganization of China Energy Conservation Investment Corporation and China New Era Holdings (Group) Company with the approval of the State Council. As a central enterprise focusing on energy conservation, emission reduction and environmental protection, China Energy Conservation focuses on the three major businesses of energy conservation and clean energy supply, ecological environmental protection, and life and health, and accelerates the development of three major businesses: green buildings, green new materials, and green engineering services . In recent years, CECEP has established unique advantages in the entire industrial chain of energy conservation and environmental protection, including planning consultation, R&D and design, investment and development, equipment manufacturing, engineering construction, operation management, investment and financing services, etc., and its business basically covers energy conservation and Each market segment of environmental protection has the ability to provide comprehensive energy-saving and environmentally friendly solutions for the green development of a region or river basin.

Segmentation Overview:

By type, the waste-to-energy segment will hold the largest market share in 2022.

Application Overview:

By application, the largest segment of the market is the industrial segment with a market share of 28.15% in 2022.

Key Companies in the global Biomass Power Generation market covered in Chapter 3:

Canvest Environmental Protection Power Co., Ltd.
Green Power Environmental Protection Group Co., Ltd.
Zhejiang Weiming Environmental Protection Co., Ltd.
ENCE Group
ENGIE
Chongqing Sanfeng Environmental Group Co., Ltd.
Acciona
Leon Ecological Energy Co., Ltd.
E.ON SE
China Energy Conservation and Environmental Protection Group Co., Ltd.
Hangzhou Jinjiang Group Co., Ltd.
Shenzhen Energy Group Co., Ltd.
Hanlan Environment Co., Ltd.
Shandong Qiquan Group
Shanghai Environment Group Co., Ltd.
National Biopower Group Co., Ltd.
Pohjolan Voima
China Everbright Green Environmental Protection Co., Ltd.
Drax Group
Guangdong Evergreen (Group) Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Biomass Power Generation market from 2019 to 2030 is primarily split into:

Waste incineration to generate electricity
Agricultural and forestry biomass power generation
Biogas power generation

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Biomass Power Generation market from 2019 to 2030 covers:

Residential
Business
industry
agriculture
transportation
other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)