Global Biomass Power Generation Market

Biomass Power Generation Market Size, Share, Growth Analysis, By Feedstock (Agricultural Waste, Forest Waste), By Technology (Combustion, Gasification), By Fuel (Solid, Liquid,), By End-use (Industrial, Residential & Commercial) By Region - Industry Forecast 2024-2031


Report ID: SQMIG55F2054 | Region: Global | Published Date: November, 2024
Pages: 182 | Tables: 94 | Figures: 67

Biomass Power Generation Market Competitive Landscape

In the competitive landscape of the biomass power generation market, several key players compete globally, each offering unique strengths and capabilities. Established energy companies, renewable energy developers, equipment manufacturers, and technology providers are among the primary participants shaping the market.

Companies such as Drax Group plc, Enviva Partners, LP, and Ørsted A/S are prominent players, with significant investments in biomass power generation assets and operations. These companies often operate large-scale biomass power plants, utilizing diverse feedstocks and advanced conversion technologies to produce electricity. They leverage their expertise in energy production, logistics, and supply chain management to maintain competitive advantages in the market.

Emerging startups and innovative technology firms are driving advancements in biomass conversion technologies, exploring novel approaches to biomass processing, gasification, and waste-to-energy solutions. These companies bring disruptive technologies and business models to the market, challenging established players and contributing to innovation in the biomass power generation sector.

Collaborations, partnerships, and mergers and acquisitions are common strategies among market participants to strengthen their market positions, expand their geographic presence, and access new technologies and expertise. Moreover, ongoing research and development efforts focus on improving biomass energy conversion efficiency, reducing costs, and enhancing environmental sustainability, driving further innovation and competitiveness in the biomass power generation market.

Top Player’s Company Profiles

  • Babcock & Wilcox Enterprises, Inc. (US) 
  • Xcel Energy Inc. (US) 
  • Salzburg AG (Austria) 
  • ENGIE (France) 
  • 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) 
  • Verbio 
  • Lahti Energia Oy (Finland) 
  • RENOVA, Inc. (Japan) 
  • RWE (Germany) 
  • Yonago Biomass Power Generation LLC (Japan) 

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FAQs

Global Biomass Power Generation Market size was valued at USD 86.7 billion in 2022 and is poised to grow from USD 92.3 billion in 2023 to USD 117.87 billion by 2031, growing at a CAGR of 3.24% in the forecast period (2024-2031). 

In the competitive landscape of the biomass power generation market, several key players compete globally, each offering unique strengths and capabilities. Established energy companies, renewable energy developers, equipment manufacturers, and technology providers are among the primary participants shaping the market. 'Babcock & Wilcox Enterprises, Inc. (US) ', 'Xcel Energy Inc. (US) ', 'Salzburg AG (Austria) ', 'ENGIE (France) ', '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) ', 'Verbio ', 'Lahti Energia Oy (Finland) ', 'RENOVA, Inc. (Japan) ', 'RWE (Germany) ', 'Yonago Biomass Power Generation LLC (Japan) '

Government policies and regulations promoting renewable energy sources play a significant role in driving the biomass power generation market. Renewable energy targets, feed-in tariffs, tax incentives, and renewable portfolio standards encourage investment in biomass energy projects and create a favorable market environment.

Integration of Advanced Conversion Technologies: One significant trend in the biomass power generation market is the increasing adoption of advanced conversion technologies such as gasification and pyrolysis. These technologies offer higher efficiency, lower emissions, and greater flexibility in biomass feedstock utilization compared to traditional combustion methods. Gasification, for example, converts biomass into syngas that can be used in various applications, including electricity generation, biofuel production, and chemical synthesis. Pyrolysis converts biomass into biochar, bio-oil, and syngas, offering opportunities for value-added products alongside power generation.

Europe stands as the dominant region in the global biomass power generation market. Several factors contribute to Europe's leading position in this sector. Firstly, Europe has been at the forefront of renewable energy adoption, with ambitious targets set to reduce greenhouse gas emissions and combat climate change. Biomass power generation aligns well with these goals, offering a renewable energy solution that can help displace fossil fuel-based electricity generation. Moreover, Europe benefits from a mature and well-established biomass infrastructure, including biomass-fired power plants, combined heat and power (CHP) facilities, and district heating systems. This infrastructure enables efficient utilization of biomass resources and facilitates the integration of biomass power into the energy grid.

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Global Biomass Power Generation Market

Report ID: SQMIG55F2054

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