Middle East & Africa Biomass Power Market Growth Prospects 2024-2032

Middle East & Africa Biomass Power Market Growth Prospects 2024-2032

Triton’s analysis estimated that the Middle East and Africa biomass power market is set to garner revenue at 5.35% CAGR over the forecast years 2024-2032.

The biomass power market in the Middle East and Africa is gradually gaining traction due to increasing energy demand, a growing focus on renewable energy sources, and efforts to reduce greenhouse gas emissions. While the region has traditionally relied heavily on fossil fuels, there is a rising awareness of the environmental and economic benefits of diversifying the energy mix with sustainable alternatives like biomass power. Abundant agricultural residues, forestry by-products, and organic waste provide significant opportunities for biomass power generation. Government initiatives and international support are expected to further stimulate the biomass power market’s growth in this region.

The countries analyzed are South Africa, Turkey, Saudi Arabia, United Arab Emirates, and Rest of Middle East & Africa.

South Africa holds the largest market share, achieving around $757.72 million in 2023

Biomass energy in South Africa includes biofuels used for transport, biogas for clean cooking, and solid biomass such as wooden pellets for household heating. Over 80% of the population in sub-Saharan Africa relies on biomass, such as wood and charcoal, which is environmentally damaging.

In the Sustainable Africa Scenario (SAS), efforts are being made to significantly reduce the traditional use of biomass. By 2030, the transition to modern bioenergy and clean cooking solutions is projected to reduce traditional biomass use by more than 60%.

Thus, South Africa is leading the biomass power market in the MEA region, driven by the government’s efforts to diversify the energy mix, address power shortages, and promote sustainable development.

Biomass Power Market Forecast for Turkey

Turkey’s biomass power market is emerging, largely due to the country’s rising energy needs and efforts to reduce its reliance on energy imports. The government has implemented supportive policies, including feed-in tariffs and incentives, to promote renewable energy investments, including biomass. The country’s agricultural waste, such as olive pits, cotton stalks, and hazelnut shells, offers significant potential for biomass power generation. Additionally, the biomass initiatives help address its growing waste management challenges, providing sustainable solutions to agricultural and municipal waste problems while contributing to the biomass market expansion.

The market segments for biomass control consist of technology, application, and feedstock. The application segment includes industrial, residential, and commercial. The residential category focuses on using biomass for heating, cooking, and electricity generation at the household level. Biomass technologies such as pellet stoves, boilers, and small-scale biogas systems offer a sustainable alternative to conventional fossil fuels. These solutions provide cost-effective energy and lower greenhouse gas emissions, making them increasingly popular for eco-conscious households.

Contender Analysis in the Biomass Power Market

Enel Green Power is a prominent leader in South Africa’s biomass power market and an expanding force across the broader MEA region. Renowned for its expertise in renewable energy, the company boasts a diversified portfolio encompassing solar, wind, geothermal, and biomass power solutions, underscoring its commitment to driving sustainable energy development in the region.

In 2023, the company completed the sale of its 50% stake in its Greek renewable energy company to Macquarie Asset Management for approximately 350 million euros.

Some other notable contenders in the biomass power market are Veolia Environnement SA, Xcel Energy Inc, General Electric Company, Hitachi Zosen Corporation, Mitsubishi Heavy Industries Ltd, Valmet OYJ, etc.