Global Biomass Electric Power Generation Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Feedstock;
Solid Biomass, Biogas, Municipal Solid Waste, and Liquid Biomass.By Technology;
Anaerobic Digestion, Combustion, Co-Firing , Gasification, and Landfill Gas.By End-User;
Households, Industrial sector, Government sectors, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Biomass Electric Power Generation Market (USD Million), 2021 - 2031
In the year 2024, the Global Biomass Electric Power Generation Market was valued at USD 5,002.79 million. The size of this market is expected to increase to USD 9,028.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.8%.
Global biomass electric power generation market materials such as wood, agricultural residues, and waste, serves as a vital source for electricity generation across various regions worldwide. This market has gained momentum in recent years due to increasing environmental concerns, stringent emission regulations, and the need to diversify energy sources. Governments and industries alike are increasingly investing in biomass electric power generation to mitigate carbon emissions and achieve sustainability targets. With advancements in technology and the establishment of supportive policies, the global biomass electric power generation market is poised for significant growth, contributing to a cleaner and greener energy future.
Despite its promising growth trajectory, the biomass electric power generation market faces challenges such as feedstock availability, technological limitations, and regulatory complexities. Opportunities abound in leveraging biomass as a renewable energy source, particularly in emerging economies seeking to meet growing energy demands while minimizing environmental impact. As the world transitions towards a low-carbon economy, biomass electric power generation stands as a crucial component in the global energy mix, offering a reliable and sustainable solution to meet the planet's energy needs while addressing climate change concerns.
Global Biomass Electric Power Generation Market Recent Developments
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In February 2023, a $200 million biomass power project was announced in Brazil to utilize sugarcane bagasse for electricity generation
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In December 2022, the United States Department of Energy launched grants to support biomass electricity projects across rural communities
Segment Analysis
The Global Biomass Energy Market encompasses a variety of feedstocks and technologies, catering to diverse end-users across different regions. Solid biomass, including wood pellets and agricultural residues, remains a dominant feedstock globally, especially in regions with abundant forestry and agricultural resources. Biogas, derived from organic waste through anaerobic digestion, is gaining traction due to its potential as a renewable energy source, particularly in waste-rich urban areas. Municipal solid waste is increasingly utilized for energy generation through combustion and gasification technologies, offering a sustainable solution for waste management while producing energy. Liquid biomass, such as biofuels, presents opportunities for cleaner transportation and industrial processes, contributing to the diversification of energy sources.
In terms of technology, various methods are employed for biomass energy production, including anaerobic digestion, combustion, co-firing, gasification, and landfill gas utilization. Anaerobic digestion is favored for biogas production from organic waste, while combustion and gasification are widely used for solid biomass and municipal solid waste. Co-firing involves blending biomass with conventional fuels in existing power plants, reducing greenhouse gas emissions. Landfill gas utilization captures methane from decomposing waste for energy production. Across different end-users including households, industrial sectors, government facilities, and others, biomass energy serves as a sustainable alternative to fossil fuels, contributing to energy security, environmental sustainability, and economic development. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America exhibit varying levels of biomass energy adoption, influenced by factors such as resource availability, policy support, and technological advancements.
Global Biomass Electric Power Generation Segment Analysis
In this report, the Global Biomass Electric Power Generation Market has been segmented by Feedstock, Technology, End-User and Geography.
Global Biomass Electric Power Generation Market, By Feedstock
The Global Biomass Electric Power Generation Market has been segmented by Feedstock into Solid Biomass, Biogas, Municipal Solid Waste and Liquid Biomass.
Solid biomass, including wood pellets, agricultural residues, and forestry residues, emerges as a significant feedstock category for biomass electric power generation. With abundant availability and relatively low processing costs, solid biomass offers a sustainable and cost-effective solution for electricity generation, particularly in regions with ample biomass resources. Biogas, another key feedstock category, comprises methane produced from organic materials such as agricultural waste, sewage sludge, and landfill gas. Biogas-based power generation provides a renewable energy source while simultaneously addressing waste management challenges, making it an attractive option for electricity production.
Municipal solid waste (MSW) serves as a valuable feedstock for biomass electric power generation, contributing to waste-to-energy initiatives and reducing landfill volumes. By utilizing MSW as a feedstock, biomass power plants not only generate electricity but also contribute to environmental sustainability by diverting waste from landfills and reducing greenhouse gas emissions. Liquid biomass, which includes biofuels such as biodiesel and ethanol, offers another avenue for electricity generation through combustion or conversion processes. The versatility of liquid biomass enables its use in various power generation technologies, providing flexibility and contributing to the diversification of the biomass electric power generation market.
Global Biomass Electric Power Generation Market, By Technology
The Global Biomass Electric Power Generation Market has been segmented by Technology into Anaerobic Digestion, Combustion, Co-Firing , Gasification and Landfill Gas.
Anaerobic digestion involves breaking down organic materials in the absence of oxygen to produce biogas, which is then used to generate electricity. This technology is particularly popular in regions with abundant organic waste, such as agricultural areas and wastewater treatment facilities. Combustion, on the other hand, involves burning biomass directly to produce heat, which is then used to generate steam and drive turbines to produce electricity. This method is widely used in biomass power plants and is suitable for a variety of biomass feedstocks, including wood, crop residues, and energy crops.
Co-firing is a technology where biomass is combusted alongside coal in existing coal-fired power plants to reduce greenhouse gas emissions and increase the proportion of renewable energy in the energy mix. Gasification involves converting biomass into syngas, a mixture of hydrogen and carbon monoxide, which can then be used to generate electricity through combustion or other processes. Landfill gas technology involves capturing methane gas produced by decomposing organic waste in landfills and using it to generate electricity. These different technologies offer diverse opportunities for biomass electric power generation, catering to various biomass resources and local energy needs around the world.
Global Biomass Electric Power Generation Market, By End-User
The Global Biomass Electric Power Generation Market has been segmented by End-User into Households, Industrial sector, Government sectors and Others.
In households, biomass electric power generation systems are increasingly being adopted as a renewable energy solution for meeting residential electricity needs. These systems utilize biomass resources such as wood pellets, agricultural residues, and organic waste to generate electricity locally, offering a sustainable alternative to traditional grid-supplied electricity. With growing awareness of environmental issues and the benefits of renewable energy, households are increasingly investing in biomass electric power generation systems to reduce their carbon footprint and dependence on fossil fuels.
In the industrial sector, biomass electric power generation plays a crucial role in meeting the energy demands of various industries, including manufacturing, agriculture, and forestry. Biomass-based power plants provide a reliable and cost-effective source of electricity for industrial processes, helping industries reduce their reliance on non-renewable energy sources and comply with environmental regulations. Biomass electric power generation offers opportunities for industries to utilize their organic waste streams as fuel, thereby reducing waste disposal costs and contributing to sustainability goals. In government sectors and other applications, biomass electric power generation is also utilized to meet the energy needs of public facilities, institutions, and remote communities, offering decentralized and environmentally friendly energy solutions.
Global Biomass Electric Power Generation Market, By Geography
In this report, the Global Biomass Electric Power Generation Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Biomass Electric Power Generation Market Share (%), by Geographical Region, 2024
In North America, particularly in the United States and Canada, the market for biomass electric power generation is experiencing robust growth driven by increasing environmental concerns and the need to transition to renewable energy sources. The region boasts abundant biomass resources, including forestry residues, agricultural byproducts, and municipal solid waste, which are utilized for electricity generation through various biomass conversion technologies. Supportive government policies, renewable energy incentives, and technological advancements in biomass power generation further propel market expansion in North America.
Europe stands as a prominent market for biomass electric power generation, with countries like Germany, the United Kingdom, and Sweden leading the way in renewable energy adoption. Stringent environmental regulations, ambitious carbon reduction targets, and favorable feed-in tariffs incentivize the deployment of biomass power plants across the region. The European Union's commitment to achieving carbon neutrality and reducing dependency on fossil fuels drives investment in biomass energy projects. With a focus on sustainability and energy security, coupled with advancements in biomass technology and infrastructure, Europe continues to play a pivotal role in shaping the global biomass electric power generation market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Biomass Electric Power Generation Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Drivers, Restraints and Opportunities Analysis
Drivers
- Energy security is a priority
- Biomass is abundant
- Regulations favor biomass
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Electricity demand increases - Electricity needs growth is primarily driven by the increasing global population, urbanization, and industrialization, leading to a higher demand for electricity across various sectors. Biomass electric power generation serves as a crucial solution to meet this rising demand, offering a renewable and sustainable source of energy. With biomass electric power generation, countries can reduce their reliance on finite fossil fuel resources while simultaneously mitigating the adverse impacts of climate change.
The escalating electricity demand presents a significant opportunity for the biomass electric power generation market to expand its footprint globally. Biomass offers a versatile energy solution that can be deployed in diverse settings, including industrial facilities, residential complexes, and rural communities. The market's growth potential is further fueled by advancements in biomass technology, making power generation processes more efficient and cost-effective.
Restraints
- Biomass logistics pose challenges
- Regulations and permits can be slow
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Public doubts about biomass - While biomass offers renewable energy benefits, concerns regarding its sustainability and environmental impact persist among the public. Skepticism arises from uncertainties surrounding biomass sourcing, including deforestation concerns and competition with food production. There are doubts about the efficiency and effectiveness of biomass power generation compared to other renewable energy sources such as solar and wind.
Despite these challenges, opportunities exist to alleviate public doubts and drive market growth. Enhanced education and awareness campaigns can clarify the benefits of biomass electric power generation and address misconceptions. Investments in research and development to improve biomass technology and sustainability practices can enhance the credibility and viability of biomass as a renewable energy source.
Opportunities
- Technological improvements enhance efficiency
- Integrating with existing systems
- Focusing on off-grid areas grows market
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Using diverse biomass sources expands options - The Global Biomass Electric Power Generation Market benefits from the utilization of diverse biomass sources, which significantly expands the options available for electricity generation. By incorporating a wide range of biomass materials such as forestry residues, agricultural byproducts, municipal solid waste, and dedicated energy crops, the market gains flexibility and resilience.
This diversity allows biomass power plants to adapt to varying feedstock availability, seasonal changes, and regional biomass characteristics, ensuring a reliable and sustainable energy supply. The utilization of diverse biomass sources enhances the market's sustainability and environmental profile. By tapping into different biomass feedstocks, biomass power generation reduces reliance on fossil fuels and mitigates greenhouse gas emissions. The utilization of agricultural and forestry residues and other waste materials for electricity generation promotes resource efficiency and waste reduction.
Competitive Landscape Analysis
Key players in Global Biomass Electric Power Generation Market include
- Pacific BioEnergy Corporation
- Acciona Sa
- Dong Energy A/S
- Enviva
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Mitsubishi Heavy Industries Ltd.
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Hitachi Zosen Corporation
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Babcock & Wilcox Enterprises
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Feedstock
- Market Snapshot, By Technology
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Biomass Electric Power Generation Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Energy security is a priority
- Biomass is abundant
- Regulations favor biomass
- Electricity demand increases
- Restraints
- Biomass logistics pose challenges
- Regulations and permits can be slow
- Public doubts about biomass
- Opportunities
- Technological improvements enhance efficiency
- Integrating with existing systems
- Focusing on off-grid areas grows market
- Using diverse biomass sources expands options
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Biomass Electric Power Generation Market, By Feedstock, 2021 - 2031 (USD Million)
- Solid Biomass
- Biogas
- Municipal Solid Waste
- Liquid Biomass
- Global Biomass Electric Power Generation Market, By Technology, 2021 - 2031 (USD Million)
- Anaerobic Digestion
- Combustion
- Co-Firing
- Gasification
- Landfill Gas
- Global Biomass Electric Power Generation Market, By End-User, 2021 - 2031 (USD Million)
- Households
- Industrial sector
- Government sectors
- Others
- Global Biomass Electric Power Generation Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Biomass Electric Power Generation Market, By Feedstock, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Pacific BioEnergy Corporation
- Acciona Sa
- Dong Energy A/S
- Enviva
- Mitsubishi Heavy Industries Ltd.
- Hitachi Zosen Corporation
- Babcock & Wilcox Enterprises
- Company Profiles
- Analyst Views
- Future Outlook of the Market