North America Biomass Power Market Growth Prospects 2024-2032

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from $1,500	128 Pages	Triton Market Research	December, 2024	TRTN19478972

Best Price Guarantee
Price	from $1,500
Length	128 Pages
Publisher	Triton Market Research
Published Date	December, 2024
SKU	TRTN19478972

North America Biomass Power Market Growth Prospects 2024-2032

As per Triton’s research report, the biomass power market in North America is estimated to expand in terms of revenue at a CAGR of 6.06% during the forecast period 2024-2032.

The biomass power market in North America is experiencing significant growth due to increasing demand for renewable energy sources, supportive government policies, and advancements in biomass conversion technologies. Biomass power is being adopted across various industries, including manufacturing, power generation, and waste management, to reduce greenhouse gas emissions and promote sustainability. The utilization of organic materials such as agricultural residues, forestry by-products, and organic waste contributes to a circular economy and energy diversification in the region.

Countries studied are the United States and Canada.

The United States holds the largest market share, achieving around $14027.09 million in 2023.

According to the US Energy Information Administration’s latest Short-Term Energy Outlook, renewable energy is projected to supply 25% of electricity generation and biomass electricity generation is estimated to reach 24.6 billion kWh in the next year.

Biomass is a critical renewable resource due to its ability to provide continuous, reliable baseload power, unlike intermittent renewables such as solar or wind, which makes biomass a valuable asset in maintaining grid stability.

The biomass power market growth is propelled by federal and state policies that encourage renewable energy adoption, such as tax incentives, renewable portfolio standards, and grants for biomass projects. The abundance of biomass feedstock, including agricultural residues and municipal solid waste, provides ample resources for energy production in the US.

Biomass Power Market Forecast for Canada

Canada’s biomass power market is experiencing notable growth, driven by the country’s commitment to reducing greenhouse gas emissions and promoting sustainable energy solutions. The Canadian government supports biomass energy through policies and incentives, such as the Renewable Energy Deployment Initiative and provincial renewable energy targets. The country’s vast forest resources provide abundant biomass feedstock, including wood chips, pellets, and forestry residues. Companies are also investing in advanced biomass conversion technologies to improve efficiency and reduce environmental impact. The market growth is further supported by collaborations between stakeholders to develop large-scale biomass power projects.

The studied market is categorized into technology, feedstock, and application. The technology segment comprises co-firing & Combined Heat and Power (CHP), combustion, Landfill Gas (LFG), anaerobic digestion, and gasification. Landfill Gas (LFG) systems contribute to waste management efficiency and sustainability, aligning with global efforts to reduce carbon footprints and transition to renewable energy sources. It harnesses methane-rich gas generated from decomposing organic waste in landfills to produce energy. By capturing and utilizing LFG, this technology not only generates electricity and heat but also mitigates greenhouse gas emissions that would otherwise escape into the atmosphere.

Contender Analysis in the Biomass Power Market

Ameresco Inc specializes in providing energy efficiency and renewable energy solutions, including biomass power projects across North America. The company develops and operates biomass facilities that convert organic waste into energy, enhancing sustainability and reducing emissions for clients.

In 2023, Ameresco completed a biomass cogeneration project for a major university in the United States. The facility provides both electricity and thermal energy, improving energy efficiency and supporting the university’s sustainability goals.

The other important contenders in the biomass power market are Drax Group Plc, Enel Green Power SpA, Envitec Biogas Agramboll Group AS, Siemens Energy AG, Suez SA, etc.

1. North America Biomass Power Market - Summary
2. Industry Outlook: 2.1. Impact Analysis On The Biomass Power Market; 2.1.1. Covid-19 Impact On The Biomass Power Market; 2.2. Porter’s Five Forces Analysis; 2.2.1. Threat Of New Entrants; 2.2.2. Threat Of Substitutes; 2.2.3. Bargaining Power Of Buyers; 2.2.4. Bargaining Power Of Suppliers; 2.2.5. Threat Of Competitive Rivalry; 2.3. Regulatory Outlook; 2.4. Supply Chain Analysis; 2.4.1. Plantation And Harvesting; 2.4.2. Feedstock Processing; 2.4.3. Logistics; 2.4.4. Power Generation Technologies; 2.4.5. Energy Distribution; 2.4.6. End-user Consumption; 2.4.7. Regulatory And Support Frameworks; 2.5. Key Buying Impact Analysis; 2.5.1. Feedstock Availability; 2.5.2. Cost Efficiency; 2.5.3. Environmental Impact; 2.5.4. Government Incentives And Policies; 2.5.5. Energy Reliability; 2.5.6. Technological Advancements; 2.6. Key Market Strategies; 2.6.1. Contracts And Partnerships; 2.6.2. Product Launches; 2.6.3. Acquisitions; 2.6.4. Business Divestitures & Expansions; 2.7. Market Drivers; 2.7.1. Use Of Advanced Biomass Conversion Technologies; 2.7.2. Regulatory And Policy Changes Supporting Growth; 2.7.3. Sustainability Initiatives Driving Demand; 2.8. Market Challenges; 2.8.1. Competition From Other Industries In Procuring Feedstock Supply; 2.8.2. High Initial Capital Investment Associated With Biomass Energy Plants; 2.9. Market Opportunities; 2.9.1. Retrofitting Existing Powerplants While Integrating Bioenergy With Carbon Capture And Storage; 2.9.2. Integration With Other Renewable Energy Systems; 2.10. Analyst Perspective
3. North America Biomass Power Market - By Feedstock: 3.1. Solid Biomass; 3.2. Liquid Biomass; 3.3. Biogas; 3.4. Municipal Solid Waste
4. North America Biomass Power Market – By Technology: 4.1. Combustion; 4.2. Anaerobic Digestion; 4.3. Gasification; 4.4. Co-firing & Chp; 4.5. Landfill Gas (Lfg)
5. North America Biomass Power Market – By Application: 5.1. Industrial; 5.2. Commercial; 5.3. Residential
6. North America Biomass Power Market – By Country Outlook: 6.1. North America; 6.1.1. Country Analysis; 6.1.1.1. United States; 6.1.1.1.1. United States Biomass Power Market Forecast & Prospects; 6.1.1.2. Canada; 6.1.1.2.1. Canada Biomass Power Market Forecast & Prospects
7. Competitive Landscape: 7.1. Acciona Sa; 7.1.1. Overview; 7.1.2. Portfolio; 7.1.3. Key Strengths; 7.1.4. Key Challenges; 7.2. Ameresco Inc; 7.2.1. Overview; 7.2.2. Portfolio; 7.2.3. Key Strengths; 7.2.4. Key Challenges; 7.3. Babcock & Wilcox Enterprises Inc; 7.3.1. Overview; 7.3.2. Portfolio; 7.3.3. Key Strengths; 7.3.4. Key Challenges; 7.4. Cemex Sab De Cv; 7.4.1. Overview; 7.4.2. Portfolio; 7.4.3. Key Strengths; 7.4.4. Key Challenges; 7.5. Drax Group Plc; 7.5.1. Overview; 7.5.2. Portfolio; 7.5.3. Key Strengths; 7.5.4. Key Challenges; 7.6. Enel Green Power Spa; 7.6.1. Overview; 7.6.2. Portfolio; 7.6.3. Key Strengths; 7.6.4. Key Challenges; 7.7. Envitec Biogas Ag; 7.7.1. Overview; 7.7.2. Portfolio; 7.7.3. Key Strengths; 7.7.4. Key Challenges; 7.8. Enviva Inc; 7.8.1. Overview; 7.8.2. Portfolio; 7.8.3. Key Strengths; 7.8.4. Key Challenges; 7.9. General Electric Company; 7.9.1. Overview; 7.9.2. Portfolio; 7.9.3. Key Strengths; 7.9.4. Key Challenges; 7.10. Hitachi Zosen Corporation; 7.10.1. Overview; 7.10.2. Portfolio; 7.10.3. Key Strengths; 7.10.4. Key Challenges; 7.11. Mitsubishi Heavy Industries Ltd; 7.11.1. Overview; 7.11.2. Portfolio; 7.11.3. Key Strengths; 7.11.4. Key Challenges; 7.12. Ørsted A/S; 7.12.1. Overview; 7.12.2. Portfolio; 7.12.3. Key Strengths; 7.12.4. Key Challenges; 7.13. Raízen Sa; 7.13.1. Overview; 7.13.2. Portfolio; 7.13.3. Key Strengths; 7.13.4. Key Challenges; 7.14. Ramboll Group As; 7.14.1. Overview; 7.14.2. Portfolio; 7.14.3. Key Strengths; 7.14.4. Key Challenges; 7.15. Siemens Energy Ag; 7.15.1. Overview; 7.15.2. Portfolio; 7.15.3. Key Strengths; 7.15.4. Key Challenges; 7.16. Suez Sa; 7.16.1. Overview; 7.16.2. Portfolio; 7.16.3. Key Strengths; 7.16.4. Key Challenges; 7.17. Valmet Oyj; 7.17.1. Overview; 7.17.2. Portfolio; 7.17.3. Key Strengths; 7.17.4. Key Challenges; 7.18. Veolia Environnement Sa; 7.18.1. Overview; 7.18.2. Portfolio; 7.18.3. Key Strengths; 7.18.4. Key Challenges; 7.19. Xcel Energy Inc; 7.19.1. Overview; 7.19.2. Portfolio; 7.19.3. Key Strengths; 7.19.4. Key Challenges
8. Research Methodology & Scope: 8.1. Research Scope & Deliverables; 8.2. Sources Of Data; 8.3. Research Methodology
List Of Tables: Table 1: North America Biomass Power Market, By Country Outlook, Forecast Years, 2024-2032 (In $ Million); Table 2: North America Biomass Power Market, By Country Outlook, Forecast Years, 2024-2032 (In Million Mwh); Table 3: Regulatory Outlook; Table 4: List Of Product Launches; Table 5: List Of Acquisitions; Table 6: List Of Business Divestitures & Expansions; Table 7: North America Biomass Power Market, By Feedstock, 2024-2032 (In $ Million); Table 8: North America Biomass Power Market, By Feedstock, 2024-2032 (In Million Mwh); Table 9: North America Biomass Power Market, By Technology, 2024-2032 (In $ Million); Table 10: North America Biomass Power Market, By Application, 2024-2032 (In $ Million); Table 11: North America Biomass Power Market, By Countyr Outlook, Forecast Years, 2024-2032 (In $ Million)
List Of Figures: Figure 1: Porter’s Five Forces Analysis; Figure 2: Key Buying Impact Analysis; Figure 3: Supply Chain Analysis; Figure 4: North America Biomass Power Market, By Feedstock, 2023 & 2032 (In %); Figure 5: North America Biomass Power Market, By Solid Biomass, 2024-2032 (In $ Million); Figure 6: North America Biomass Power Market, By Liquid Biomass, 2024-2032 (In $ Million); Figure 7: North America Biomass Power Market, By Biogas, 2024-2032 (In $ Million); Figure 8: North America Biomass Power Market, By Technology, 2023 & 2032 (In %); Figure 9: North America Biomass Power Market, By Combustion, 2024-2032 (In $ Million); Figure 10: North America Biomass Power Market, By Anaerobic Digestion, 2024-2032 (In $ Million); Figure 11: North America Biomass Power Market, By Gasification, 2024-2032 (In $ Million); Figure 12: North America Biomass Power Market, By Co-firing & Chp, 2024-2032 (In $ Million); Figure 13: North America Biomass Power Market, By Landfill Gas (Lfg), 2024-2032 (In $ Million); Figure 14: North America Biomass Power Market, By Application, 2023 & 2032 (In %); Figure 15: North America Biomass Power Market, By Industrial, 2024-2032 (In $ Million); Figure 16: North America Biomass Power Market, By Commercial, 2024-2032 (In $ Million); Figure 17: North America Biomass Power Market, By Residential, 2024-2032 (In $ Million); Figure 18: North America Biomass Power Market, By Country Outlook, 2023 & 2032 (In %); Figure 19: United States Biomass Power Market 2024-2032 (In $ Million); Figure 20: Canada Biomass Power Market 2024-2032 (In $ Million)