Biomass Power Generation Market

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Biomass Power Generation Market by Technology (Combustion, Gasification, Anaerobic Digestion, Pyrolysis), Feedstock (Agricultural Waste, Forest Waste, Animal Waste, Municipal Waste), Fuel (Solid, Liquid, Gaseous) and Region - Global Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: EP 8606 Mar, 2023, by marketsandmarkets.com

The biomass power generation market size was valued at USD 91.3 billion in 2023 to reach USD 105.7 billion by 2028, it is expected to grow at a CAGR of 3.0 % during forecast period. Recently regions has witnessed a rapid growth in electricity demand in recent years due to the growing population, increase in per capita income, and growth in the use of biomass power with urbanization.

Biomass Power Generation Market

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Biomass Power Generation Market Dynamics

Driver: Government-led initiatives to boost bioenergy production

Government policies and initiatives have played a key role in bioenergy development. In China, ~62 national-level regulations and policies have played a vital role in the country’s biomass power generation between 2006 and 2021. Among these are “The Renewable Energy” Law of 2006, “Regulations on the Implementation of the Enterprise Income Tax Law” of 2007, “11th Five-Year Plan for the Development of Renewable Energy” of 2008, “Notice on Improving the Price Policies for Agroforestry Biomass Power Generation” of 2010, “12th Five-Year Plan for Biomass Energy Development” of 2012, “13th Five-Year Plan for Biomass Energy Development” of 2016, and the “Biomass Power Generation Project Construction Work Plan” of 2021. In August 2021, the National Energy Administration, Ministry of Finance, and National Development and Reform Commission jointly issued the “Biomass Power Generation Project Construction Work Plan.” This initiative led to USD 3.5 billion in financial support on behalf of the local and central governments to facilitate biomass power generation.

Restraint: Fluctuating and high costs of feedstocks

The cost of the feedstock is a significant variable factor in power generation. Consistent feedstock quality is required to achieve high production and the longest possible onstream time. Traditionally, biomass power generation plants receive the raw biomass materials directly and preprocess them into feedstock before turning them into products. A consistent just-in-time supply of raw biomass to the plants is not possible since various types of biomass materials, such as agricultural residues, energy crops, and logging residues, are collected in accordance with their growth cycles and optimal harvesting times. Alternatively, biomass materials are stored and sent to the plant as needed. Based on experience, it appears that this strategy has resulted in several logistical issues, biomass losses due to microbial decomposition or fire, and uneven feedstock quality due to variations in the properties of as-delivered biomass. These factors have led to a high increase in the cost of feedstock, low throughput, and low product yield.

Opportunities: Advancements in biomass power generation techniques

According to the global market for biomass power generation, there have been significant improvements in the methods used to produce biomass energy. The evolution of efficient harvesting and post-harvesting technologies has decreased biomass energy costs. There are many approaches to technologically advanced biomass energy conversion, such as using improved fuel processing technologies, increasing the effectiveness of biomass energy conversion technologies, and increasing the effectiveness of end-user technologies. In the field of renewable energy, complex operations are becoming mechanized. Automation improves efficiency, reduces waiting time, and boosts output. The operation of biomass power plants is enhanced by a web-based program called biomass co-firing assessment and services (BCAS), which incorporates the fundamental characteristics of combustion and mineral matter transformation. Such technical advancements are anticipated to significantly impact biomass power plant efficiency and propel market growth.

Challenges: Requirement for high initial investments

Although biomass power generation technologies will eventually become more efficient, the initial and equipment costs are expensive. Depending on the technology, location, and feedstock type, biomass power generation equipment might range in price and efficiency. Nearly two-thirds of the capital costs of biomass power generation systems go toward the prime mover, feedstock preparation, feedstock conversion technology, and handling equipment. When operating at full capacity, biomass power plants may provide at least double the plant load factor of solar and wind electricity combined. However, the operational expenditures are higher. The increase in the cost of generating biomass power can be a significant challenge to the growth of the global biomass power generation market.

Biomass power generation Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of Biomass power generation systems and components. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include ABB (Switzerland), Siemens (Germany), General Electric (US), Prysmian Group (Italy), Nexans (France), and Schneider Electric (France).

Biomass Power Generation Market Size, and Share

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The agriculture waste segment, by feedstock, is expected to be the second-largest market during the forecast period.

This report segments the biomass power generation market based on components into four types: agriculture waste, forest waste, animal waste and municipal waste. The agriculture waste segment is expected to be the second largest market during the forecast period. Agricultural wastes such as sugar crops, corn crops etc. have more energy efficiency than other wastes which can be utilized for the electricity generation.

By technology, the combustion segment is expected to be the largest during the forecast period

This report segments the biomass power generation market based on components into four segments: combustion, gasification, anaerobic digestion and pyrolysis. The combustion segment is expected to be the largest segment during the forecast period. Combustion is a conventional method used for the generation of electricity. Co-firing policies proposed by the government driving the combustion segment in market.

“Asia Pacific”: The fastest in the biomass power generation market”

Asia Pacific is expected to fastest growing region in the biomass power generation market between 2023–2028, followed by the Middle East and Africa, and Europe. Rising investments in the bioenergy projects to focus on the integration of renewable energy in the national grid are one of the key factors fostering the growth of the market in the Asia Pacific.

Biomass Power Generation Market Size, and Share

Key Market Players

The biomass power generation market is dominated by a few major players that have a wide regional presence. The major players in the market ENGIE (France), Babcock & Wilcox Enterprises, inc. (US), Xcel Energy Inc. (US), EPH (Czechia) and Ørsted A/S (Denmark). Between 2018 and 2022, Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the market.

Biomass Power Generation Market Report Scope

Report Metric

Details

Market size available for years

2021-2028

Base year

2022

Forecast period

2023-2028

Units

Value (USD Million/USD Billion)

Segments Covered

Biomass power generation market by feedstock, technology, fuel and region.

Geographic regions covered

Asia Pacific, North America, Europe, South America, and Middle East & Africa.

Companies covered

ENGIE (France), Babcock & Wilcox Enterprises, Inc. (US), Xcel Energy Inc. (US), Salzburg AG (Austria), Ørsted A/S (Denmark), EPH (Czechia), Drax Group (England), ACCIONA (Spain), EDF (France), Vattenfall (Sweden), Belgian Eco Energy (BEE) (Belgium), D.E.S.I Power (India), Veolia (France), Statkraft (Norway), Greta Energy Limited (India), Lahti Energia Oy (Finland), RENOVA, Inc. (Japan), RWE (Germany), Yonago Biomass Power Generation LLC (Japan)

This research report categorizes the biomass power generation market by feedstock, technology, fuel and region.

On the basis of feedstock:
  • Agriculture Waste
  • Forest Waste
  • Animal Waste
  • Municipal Waste
On the basis of technology:
  • Combustion
  • Gasification
  • Anaerobic Digestion
  • Pyrolysis
On the basis of fuel:
  • Solid Fuel
  • Liquid Fuel
  • Gaseous Fuel
On the basis of region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In November 2022, ENGIE signed an agreement with Alier, a paper recycle specialist, to build and commission a new thermal energy generation plant from sustainable forest management in Roselló’s factory, specializing in manufacturing paper for the construction and packaging industries (Lleida).
  • In March 2021, Salzburg AG signed an agreement with Valmet, a global developer and supplier of technologies, automation, and services for the pulp & paper and energy industries. Salzbrug AG ordered Valmet for the BioPower plant, which is biomass-based for electricity generation in Austria.
  • In March 2021, Ørsted, Aker Carbon Capture, and Microsoft have signed a Memorandum of Understanding (MoU) to investigate strategies to help the development of carbon capture and storage at biomass-fired heat and power stations in Denmark.
  • In April 2018, The University of Minnesota funds Xcel Energy Inc. to develop gasification for power generation technology from solid wastes.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 STUDY SCOPE 
           FIGURE 1 BIOMASS POWER GENERATION MARKET: SEGMENTATION
           1.4.1 MARKET: REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA 
           FIGURE 2 MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 3 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARIES
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 MARKET: DEMAND-SIDE ANALYSIS
                    FIGURE 8 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR BIOMASS POWER GENERATION SYSTEMS
                    2.3.3.1 Assumptions for demand-side analysis
                    2.3.3.2 Calculations to derive market size using demand-side analysis
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 9 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF BIOMASS POWER GENERATION SYSTEMS
                    FIGURE 10 MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Assumptions for supply-side analysis
                               FIGURE 11 COMPANY ANALYSIS, 2022
    2.4 FORECAST 
    2.5 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    TABLE 1 BIOMASS POWER GENERATION MARKET: SNAPSHOT 
    FIGURE 12 ASIA PACIFIC DOMINATED MARKET IN 2022 
    FIGURE 13 FOREST WASTE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 
    FIGURE 14 COMBUSTION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 
    FIGURE 15 SOLID FUEL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOMASS POWER GENERATION MARKET 
           FIGURE 16 GROWING NEED TO DECARBONIZE INDUSTRIAL SECTOR
    4.2 MARKET, BY REGION 
           FIGURE 17 ASIA PACIFIC TO WITNESS HIGHEST GROWTH IN MARKET DURING FORECAST PERIOD
    4.3 ASIA PACIFIC MARKET, BY FEEDSTOCK AND COUNTRY 
           FIGURE 18 FOREST WASTE SEGMENT AND CHINA DOMINATED ASIA PACIFIC MARKET IN 2022
    4.4 MARKET, BY FEEDSTOCK 
           FIGURE 19 FOREST WASTE SEGMENT TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
    4.5 MARKET, BY TECHNOLOGY 
           FIGURE 20 COMBUSTION SEGMENT DOMINATED MARKET IN 2022
    4.6 MARKET, BY FUEL 
           FIGURE 21 SOLID FUEL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Abundant availability of biomass feedstocks
                               FIGURE 23 CUMULATIVE AGRICULTURAL RESIDUE GENERATION IN SELECTED COUNTRIES
                               FIGURE 24 MAJOR FOREST RESIDUE-PRODUCING COUNTRIES
                    5.2.1.2 Government-led initiatives to boost bioenergy production
                               FIGURE 25 NUMBER OF POLICIES ISSUED IN CHINA RELATED TO BIOMASS POWER GENERATION, 2006–2021
                    5.2.1.3 Increasing employment in agriculture industry and growing rural development
                               FIGURE 26 EMPLOYMENT RATE IN BIOENERGY INDUSTRY
                    5.2.1.4 Rising need to control greenhouse gas (GHG) emissions
                    5.2.1.5 Growing use of biomass for power generation by co-firing in coal-based power plants
           5.2.2 RESTRAINTS
                    5.2.2.1 Improper supply chain management of biomass
                               TABLE 2 CROPS AND THEIR HARVESTING IN INDIA
                    5.2.2.2 Fluctuating and high costs of feedstocks
                               TABLE 3 BIOMASS COLLECTION SYSTEMS AND THEIR COSTS IN DIFFERENT COUNTRIES
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High depletion rate of fossil fuels
                    5.2.3.2 Advancements in biomass power generation techniques
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement for high initial investments
                    5.2.4.2 Variability in biomass properties
                               TABLE 4 PROXIMATE ANALYSIS OF BIOMASS MATERIALS
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR BIOMASS POWER GENERATION COMPANIES
                    FIGURE 27 REVENUE SHIFT FOR BIOMASS POWER BIOMASS POWER GENERATION COMPANIES
    5.4 VALUE/SUPPLY CHAIN ANALYSIS 
           FIGURE 28 MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 BIOMASS FEEDSTOCK PROVIDERS
           5.4.2 BIOMASS TRANSPORTATION PROVIDERS
           5.4.3 ENGINEERING PROCUREMENT AND CONSTRUCTION (EPC) CONTRACTORS
           5.4.4 BIOMASS POWER PLANT OWNERS
                    TABLE 5 COMPANIES AND THEIR ROLE IN BIOMASS POWER GENERATION ECOSYSTEM
    5.5 ECOSYSTEM ANALYSIS 
           FIGURE 29 MARKET MAP
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 BIOMASS CO-FIRING
           5.6.2 PYRO GASIFICATION
    5.7 PRICING ANALYSIS 
           5.7.1 LEVELIZED COST OF BIOMASS POWER GENERATION, BY TECHNOLOGY
                    TABLE 6 LEVELIZED COST OF BIOMASS POWER GENERATION
    5.8 PATENT ANALYSIS 
           5.8.1 LIST OF MAJOR PATENTS
                    TABLE 7 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2016–FEBRUARY 2023
    5.9 TARIFF AND REGULATORY FRAMEWORK 
           5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.2 REGULATORY FRAMEWORK
                    TABLE 13 MARKET: REGULATORY FRAMEWORK, BY REGION
    5.10 KEY CONFERENCES AND EVENTS, 2023 
           TABLE 14 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.11 TRADE ANALYSIS 
           5.11.1 HS CODE 2303
                    5.11.1.1 Export scenario
                               TABLE 15 EXPORT SCENARIO FOR HS CODE 2303, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 30 EXPORT DATA FOR HS CODE 2303 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
                    5.11.1.2 Import scenario
                    TABLE 16 IMPORT SCENARIO FOR HS CODE 2303, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 31 IMPORT DATA FOR HS CODE 2303 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
           5.11.2 HS CODE 382510
                    5.11.2.1 Export scenario
                               TABLE 17 EXPORT SCENARIO FOR HS CODE: 382510, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 32 EXPORT DATA FOR HS CODE 382510 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
                    5.11.2.2 Import scenario
                               TABLE 18 IMPORT SCENARIO FOR HS CODE: 382510, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 33 IMPORT DATA FOR HS CODE 382510 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
           5.11.3 HS CODE 382520
                    5.11.3.1 Export scenario
                               TABLE 19 EXPORT SCENARIO FOR HS CODE: 382520, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 34 EXPORT DATA FOR HS CODE 382520 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
                    5.11.3.2 Import scenario
                               TABLE 20 IMPORT SCENARIO FOR HS CODE: 382520, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 35 IMPORT DATA FOR HS CODE 382520 OF TOP FIVE COUNTRIES, 2019–2021 (USD)
    5.12 CASE STUDY ANALYSIS 
           5.12.1 DECENTRALIZED ENERGY SYSTEMS OF INDIA (DESI POWER) HELPED COMMUNITIES IN RURAL AREAS HARNESS POWER FOR ECONOMIC PURPOSES
                    5.12.1.1 Problem statement
                    5.12.1.2 Solution
           5.12.2 VALMET PROVIDED TURNKEY BIOPOWER PLANT TO SALZBURG AG TO GENERATE GREEN ELECTRICITY AND HEAT
                    5.12.2.1 Problem statement
                    5.12.2.2 Solution
    5.13 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 36 MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 21 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 BARGAINING POWER OF BUYERS
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 THREAT OF SUBSTITUTES
           5.13.4 INTENSITY OF COMPETITIVE RIVALRY
           5.13.5 THREAT OF NEW ENTRANTS
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TECHNOLOGY
                    TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP TECHNOLOGIES (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR TOP TECHNOLOGY-BASED BIOMASS POWER GENERATION SYSTEMS
                    TABLE 23 KEY BUYING CRITERIA, BY TECHNOLOGY
    5.15 SUPPLY AND DEMAND ANALYSIS OF BIOMASS FEEDSTOCK 
 
6 MARKET, BY FEEDSTOCK (Page No. - 86)
    6.1 INTRODUCTION 
           FIGURE 39 FOREST WASTE SEGMENT DOMINATED MARKET IN 2022
           TABLE 24 MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
    6.2 AGRICULTURAL WASTE 
           6.2.1 GROWING NEED TO MEET ENERGY DEMANDS IN RURAL AREAS
                    TABLE 25 AGRICULTURAL WASTE: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 FOREST WASTE 
           6.3.1 RISING DEMAND FOR WOOD BIOMASS
                    TABLE 26 FOREST WASTE: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 ANIMAL WASTE 
           6.4.1 GROWING USE OF ANIMAL WASTE TO PRODUCE BIOGAS
                    TABLE 27 ANIMAL WASTE: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.5 MUNICIPAL WASTE 
           6.5.1 STRINGENT GOVERNMENT POLICIES RELATED TO DISPOSAL OF MUNICIPAL WASTE
                    TABLE 28 MUNICIPAL WASTE: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 MARKET, BY TECHNOLOGY (Page No. - 91)
    7.1 INTRODUCTION 
                    FIGURE 40 COMBUSTION SEGMENT LED MARKET IN 2022
                    TABLE 29 MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 30 MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
    7.2 COMBUSTION 
           7.2.1 PRESENCE OF FAVORABLE GOVERNMENT POLICIES REGARDING USING BIOMASS BLENDS AND REDUCING COAL USE
                    TABLE 31 COMBUSTION: MARKET, BY REGION, 2021–2028 (TWH)
                    TABLE 32 COMBUSTION: MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 GASIFICATION 
           7.3.1 INCREASING NUMBER OF GASIFICATION PROJECTS
                    TABLE 33 GASIFICATION: MARKET, BY REGION, 2021–2028 (TWH)
                    TABLE 34 GASIFICATION: MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.4 ANAEROBIC DIGESTION 
           7.4.1 EXCELLENT PROPERTIES OF ANAEROBIC DIGESTION TECHNOLOGY
                    TABLE 35 ANAEROBIC DIGESTION: MARKET, BY REGION, 2021–2028 (TWH)
                    TABLE 36 ANAEROBIC DIGESTION: MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.5 PYROLYSIS 
           7.5.1 HIGH EFFICIENCY OF PYROLYSIS TECHNOLOGY IN ELECTRICITY GENERATION
                    TABLE 37 PYROLYSIS: MARKET, BY REGION, 2021–2028 (TWH)
                    TABLE 38 PYROLYSIS: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
8 MARKET, BY FUEL (Page No. - 98)
    8.1 INTRODUCTION 
           FIGURE 41 SOLID FUEL SEGMENT HELD LARGEST SHARE OF MARKET IN 2022
           TABLE 39 MARKET, BY FUEL, 2021–2028 (USD MILLION)
    8.2 SOLID FUEL 
           8.2.1 RISING PREFERENCE FOR WOOD BIOMASS AS SOLID FUEL FOR POWER GENERATION
                    TABLE 40 SOLID FUEL: MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.3 LIQUID FUEL 
           8.3.1 ADVANCEMENTS IN TECHNOLOGIES USED TO PRODUCE LIQUID FUEL
                    TABLE 41 LIQUID FUEL: MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.4 GASEOUS FUEL 
           8.4.1 PRESENCE OF STRINGENT REGULATIONS RELATED TO LANDFILLS
                    TABLE 42 GASEOUS FUEL: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
9 BIOMASS POWER GENERATION MARKET, BY REGION (Page No. - 102)
    9.1 INTRODUCTION 
           FIGURE 42 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2022
           FIGURE 43 ASIA PACIFIC MARKET TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
           TABLE 43 MARKET, BY REGION, 2021–2028 (TWH)
           TABLE 44 MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.2 EUROPE 
           FIGURE 44 EUROPE: SNAPSHOT OF MARKET
           9.2.1 EUROPE: RECESSION IMPACT
                    TABLE 45 EUROPE: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
                    TABLE 46 EUROPE: MARKET, BY FUEL, 2021–2028 (USD MILLION)
                    TABLE 47 EUROPE: MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 48 EUROPE: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                    TABLE 49 EUROPE: MARKET, BY COUNTRY, 2021–2028 (TWH)
                    TABLE 50 EUROPE: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           9.2.2 GERMANY
                    9.2.2.1 Government-led initiatives for energy transition
                               TABLE 51 GERMANY: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.3 UK
                    9.2.3.1 Advancements in green hydrogen technologies
                               TABLE 52 UK: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.4 FINLAND
                    9.2.4.1 Increasing renewable electricity generation through forest waste
                               TABLE 53 FINLAND: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.5 SWEDEN
                    9.2.5.1 Increasing investments in biomass power plants
                               TABLE 54 SWEDEN: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.6 ITALY
                    9.2.6.1 Government efforts to decarbonize transportation sector
                               TABLE 55 ITALY: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.7 FRANCE
                    9.2.7.1 Rising use of biofuels for power generation
                               TABLE 56 FRANCE: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.8 NETHERLANDS
                    9.2.8.1 Government-led incentives for electricity production
                               TABLE 57 NETHERLANDS: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.2.9 REST OF EUROPE
                    TABLE 58 REST OF EUROPE: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
    9.3 ASIA PACIFIC 
           FIGURE 45 ASIA PACIFIC: SNAPSHOT OF MARKET
           9.3.1 ASIA PACIFIC: RECESSION IMPACT
                    TABLE 59 ASIA PACIFIC: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
                    TABLE 60 ASIA PACIFIC: MARKET, BY FUEL, 2021–2028 (USD MILLION)
                    TABLE 61 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 62 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                    TABLE 63 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2028 (TWH)
                    TABLE 64 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           9.3.2 CHINA
                    9.3.2.1 Rising private investments to decarbonize industrial sector
                               TABLE 65 CHINA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.3.3 JAPAN
                    9.3.3.1 Rising number of waste-to-energy projects
                               TABLE 66 JAPAN: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.3.4 INDIA
                    9.3.4.1 Increasing financial assistance from government and rising rural electrification and captive power requirements
                               TABLE 67 INDIA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.3.5 INDONESIA
                    9.3.5.1 Rising investments in setting up waste-to-energy projects
                               TABLE 68 INDONESIA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.3.6 THAILAND
                    9.3.6.1 Increasing foreign investments and ability to transition to clean energy
                               TABLE 69 THAILAND: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.3.7 REST OF ASIA PACIFIC
                    TABLE 70 REST OF ASIA PACIFIC: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
    9.4 NORTH AMERICA 
           9.4.1 NORTH AMERICA: RECESSION IMPACT
                    TABLE 71 NORTH AMERICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
                    TABLE 72 NORTH AMERICA: MARKET, BY FUEL, 2021–2028 (USD MILLION)
                    TABLE 73 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 74 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                    TABLE 75 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (TWH)
                    TABLE 76 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           9.4.2 US
                    9.4.2.1 Increasing in-house electricity production
                               TABLE 77 US: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.4.3 CANADA
                    9.4.3.1 Favorable policies promoting installation of power plants
                               TABLE 78 CANADA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.4.4 MEXICO
                    9.4.4.1 Increasing renewable electricity generation using agricultural residue
                               TABLE 79 MEXICO: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
    9.5 SOUTH AMERICA 
           9.5.1 SOUTH AMERICA: RECESSION IMPACT
                    TABLE 80 SOUTH AMERICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
                    TABLE 81 SOUTH AMERICA: MARKET, BY FUEL, 2021–2028 (USD MILLION)
                    TABLE 82 SOUTH AMERICA: MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 83 SOUTH AMERICA: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                    TABLE 84 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (TWH)
                    TABLE 85 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           9.5.2 BRAZIL
                    9.5.2.1 Increasing investments in power plants to decarbonize industrial sector
                               TABLE 86 BRAZIL: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.5.3 ARGENTINA
                    9.5.3.1 Growing demand for biofuels
                               TABLE 87 ARGENTINA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.5.4 COLOMBIA
                    9.5.4.1 Increasing investments in waste-to-energy projects to generate green energy
                               TABLE 88 COLOMBIA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.5.5 REST OF SOUTH AMERICA
                    TABLE 89 REST OF SOUTH AMERICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
                    TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
                    TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY FUEL, 2021–2028 (USD MILLION)
                    TABLE 92 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2021–2028 (TWH)
                    TABLE 93 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
                    TABLE 94 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2028 (TWH)
                    TABLE 95 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           9.6.2 SOUTH AFRICA
                    9.6.2.1 Rising number of public–private partnerships (PPPs)
                               TABLE 96 SOUTH AFRICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.6.3 TURKEY
                    9.6.3.1 Increasing use of forest waste to produce sustainable fuel and electricity
                               TABLE 97 TURKEY: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.6.4 EGYPT
                    9.6.4.1 Government-led initiatives to increase investments in construction of biomass power plants
                               TABLE 98 EGYPT: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.6.5 ISRAEL
                    9.6.5.1 Establishment of new greenhouse gas (GHG) emission target
                               TABLE 99 ISRAEL: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
           9.6.6 REST OF MIDDLE EAST & AFRICA
                    TABLE 100 REST OF MIDDLE EAST & AFRICA: MARKET, BY FEEDSTOCK, 2021–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 139)
     10.1 OVERVIEW 
               FIGURE 46 KEY DEVELOPMENTS IN MARKET, 2018–2022
     10.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 101 MARKET: DEGREE OF COMPETITION
               FIGURE 47 INDUSTRY CONCENTRATION OF TOP PLAYERS IN MARKET, 2022
     10.3 MARKET EVALUATION FRAMEWORK, 2018-2021 
               TABLE 102 MARKET EVALUATION FRAMEWORK, 2018–2021
     10.4 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS 
               FIGURE 48 SEGMENTAL REVENUE ANALYSIS, 2018–2021
     10.5 RECENT DEVELOPMENTS 
             10.5.1 DEALS
                       TABLE 103 BIOMASS POWER GENERATION: DEALS, 2018–2022
             10.5.2 OTHERS
                       TABLE 104 MARKET: OTHERS, 2018–2022
     10.6 COMPETITIVE LEADERSHIP MAPPING 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                       FIGURE 49 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022
                       TABLE 105 FEEDSTOCK: COMPANY FOOTPRINT
                       TABLE 106 FUEL: COMPANY FOOTPRINT
                       TABLE 107 TECHNOLOGY: COMPANY FOOTPRINT
                       TABLE 108 REGION: COMPANY FOOTPRINT
     10.7 START-UP/SME EVALUATION QUADRANT, 2021 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                       FIGURE 50 MARKET: START-UP/SME EVALUATION QUADRANT, 2022
     10.8 COMPETITIVE BENCHMARKING 
               TABLE 109 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
               TABLE 110 FEEDSTOCK: COMPANY FOOTPRINT (STARTUPS/SMES)
               TABLE 111 FUEL: COMPANY FOOTPRINT (STARTUPS/SMES)
               TABLE 112 TECHNOLOGY: COMPANY FOOTPRINT (STARTUPS/SMES)
               TABLE 113 REGION: COMPANY FOOTPRINT (STARTUPS/SMES)
 
11 COMPANY PROFILES (Page No. - 154)
     11.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             11.1.1 ENGIE
                       TABLE 114 ENGIE: COMPANY OVERVIEW
                       FIGURE 51 ENGIE: COMPANY SNAPSHOT
                       TABLE 115 ENGIE: DEALS
             11.1.2 XCEL ENERGY INC.
                       TABLE 116 XCEL ENERGY INC.: COMPANY OVERVIEW
                       FIGURE 52 XCEL ENERGY INC.: COMPANY SNAPSHOT
                       TABLE 117 XCEL ENERGY INC.: DEALS
             11.1.3 BABCOCK & WILCOX ENTERPRISES, INC.
                       TABLE 118 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY OVERVIEW
             11.1.4 ØRSTED A/S
                       TABLE 119 ØRSTED A/S: COMPANY OVERVIEW
                       TABLE 120 ØRSTED A/S: DEALS
             11.1.5 EPH
                       TABLE 121 EPH: COMPANY OVERVIEW
                       FIGURE 55 EPH: COMPANY SNAPSHOT
             11.1.6 RWE
                       TABLE 122 RWE: COMPANY OVERVIEW
             11.1.7 RENOVA INC.
                       TABLE 123 RENOVA INC.: COMPANY OVERVIEW
             11.1.8 VEOLIA ENERGY HUNGARY CO. LTD.
                       TABLE 124 VEOLIA ENERGY HUNGARY CO. LTD.: COMPANY OVERVIEW
             11.1.9 ACCIONA
                       TABLE 125 ACCIONA: COMPANY OVERVIEW
                       FIGURE 58 ACCIONA: COMPANY SNAPSHOT
             11.1.10 EDF RENEWABLE ENERGY
                       TABLE 126 EDF RENEWABLE ENERGY: COMPANY OVERVIEW
             11.1.11 DRAX GROUP
                       TABLE 127 DRAX GROUP: COMPANY OVERVIEW
                       FIGURE 59 DRAX GROUP: COMPANY SNAPSHOT
             11.1.12 SALZBURG AG
                       TABLE 128 SALZBURG AG: COMPANY OVERVIEW
                       TABLE 129 SALZBURG AG: DEALS
             11.1.13 LAHTI ENERGIA OY
                       TABLE 130 LAHTI ENERGIA OY: COMPANY OVERVIEW
             11.1.14 VATTENFALL
                       TABLE 131 VATTENFALL: COMPANY OVERVIEW
             11.1.15 STATKRAFT
                       TABLE 132 STATKRAFT: COMPANY OVERVIEW
                       TABLE 133 STATKRAFT: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 GRETA ENERGY LIMITED
             11.2.2 YONAGO BIOMASS POWER GENERATION LLC
             11.2.3 BELGIAN ECO ENERGY (BEE)
             11.2.4 D.E.S.I. POWER
             11.2.5 ENEXOR ENERGY LLC
 
12 APPENDIX (Page No. - 186)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the biomass power generation market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the biomass power generation market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The biomass power generation market comprises several stakeholders such as biomass power generation manufacturers, manufacturing technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for biomass power generation in, generation, transmission, and distribution application. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Biomass Power Generation Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the biomass power generation market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Biomass power generation Market Size: Tow-Down Approach

Biomass Power Generation Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Defenition

The biomass power generation is the physical system that delivers (transmits) electricity from where it is generated to the site where it is used (end-use, demand). The electricity leaving the generating station enters a substation with a step-up transformer that raises the voltage extremely high for long-distance transmission.

The growth of the biomass power generation market during the forecast period can be attributed to the planned rollout of green corridor programs across major countries in North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Key Stakeholders

  • Analytics Vendors
  • Communication Vendors
  • Consulting Companies In The Energy And Power Sector
  • Electric Utilities
  • Energy & Power Sector Consulting Companies
  • Energy Regulators
  • Government & Research Organizations
  • Government Utility Providers
  • Independent Power Producers

Objectives of the Study

  • To describe, segment, and forecast the biomass power generation market based on feedstock, fuel, technology, and region, in terms of value
  • To describe and forecast the market for five key regions: North America, Europe, Asia Pacific, South America, the Middle East & Africa, along with their country-level market sizes, in terms of value
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide the supply chain analysis, trends/disruptions impacting the customer’s business, market map, pricing analysis, and regulatory analysis of the market
  • To analyze opportunities for stakeholders and draw a competitive landscape of the biomass power generation market 
  • To strategically analyze the micromarkets with respect to individual growth trends, upcoming expansions, and their contribution to the overall market
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, Porter’s five forces, and case studies pertaining to the market under study
  • To benchmark market players using the company evaluation quadrant, which analyzes market players on broad categories of business and product strategies adopted by them

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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