The global Biomass Power Generation market was valued at USD 49.3 billion in 2020 and is predicted to grow at a compound annual expansion rate (CAGR) of 9.9% between 2021 and 2026. The market is currently driven due to an abundant availability of biomass or raw materials, reduction of dependence on fossil fuels, absence of harmful emissions and greater attention to the use of clean energy. Biomass gasification is the process by which solid fuels (biomass) such as wood, wood waste and agricultural residues are converted into a mixture of combustible gases known as production gas or synthesis gas. This is done through a sequence of thermochemical reactions using heat, pressure, and partial combustion that occur when the supply of air (O2) is less than adequate to complete the biomass combustion process.
Biomass refers to waste from the food processing industries, urban and industrial waste, agricultural and wood waste, lumber, sawdust, short rotation woody crops, and a number of other materials. It is employed as an energy source for the production of electricity, the supply of heat and as a fuel in the transport sector. Biomass is a green, carbon neutral and sustainable source of electricity generation with significant potential to reduce dependence on fossil fuels.
Favorable government regulations encouraging thermal power plants to switch from coal to cleaner fuels such as biomass are predicted to play a critical role in the expansion of the biomass power generation market during the foreseen period. Biomass generates bioenergy that is employed in various end-use markets to minimize dependence on fossil fuels, reduce greenhouse gas (GHG) emissions, and improve security of energy supply. Furthermore, the decrease in the use of coal, as well as the escalating use of woody biomass for decentralized electricity generation, is predicted to have a positive influence on the industry outlook. Furthermore, new developments to use more biomass as fuel are predicted to drive expansion in the regional market. Biomass serves as a sustainable, low-carbon alternative to conventional fossil fuels, while allowing local groups to utilize nationally available biomass sources. It enables the efficient use of crop residues, unemployed portions of municipal waste and wood manufacturing residues.
The US biomass power generation market is predicted to experience substantial expansion due to the escalating implementation of climate change laws that require the use of renewable sources for power generation. Biomass fuels are employed as the main source of energy in the United States and are derived primarily from biomass derived from wood and municipal residual biomass. Government organizations are emphasizing the use of biomass for power generation as part of an energy efficiency and security strategy. These initiatives aim to increase the share of clean renewables in the overall energy mix of national economies. Market developments and recent policy changes in emerging countries are predicted to provide positive prospects for biomass power generation market expansion.
By feedstock:
The solid biofuels segment accounted for the majority of revenues with 81.1% in 2021. Solid biomass, such as crop residues, sawdust and wood, is employed directly or transformed into charcoal and briquettes for power generation, kitchen and heating. However, burning solid biomass leads to a worsening of serious climate change problems, which may hamper segment expansion during the foreseen period. Liquid biofuels include ethanol produced from grains and biodiesel produced from trans esterified vegetable oils blended with diesel. Biofuel is employed as an alternative to internal combustion engines fueled by kerosene, diesel or gasoline, including its use in airplanes, ships, trucks and passenger vehicles. Furthermore, advanced liquid biofuels can provide an 80% reduction in emissions in aviation, heavy cargo and shipping. The commercialization of the technology is predicted to stimulate the expansion of advanced biofuels during the foreseen period.
By technology:
In 2021, the combustion segment held the largest share of revenue with over 79% and will maintain the dominant position for the anticipated years. Direct biomass combustion technology has relatively simple operations, higher reliability and lower cost compared to other advanced Biomass Power technologies. However, the segment may experience a decline with other efficient technologies taking over the market. The gasification segment is predicted to achieve the fastest expansion rate during the foreseen period due to the high operating efficiency of the process. The gasification segment is predicted to achieve the fastest expansion rate during the foreseen period due to the high operating efficiency of the process. The process converts solid biomass into gaseous fuels that are then employed to generate electricity, with the remaining gas employed as synthesis gas in chemical industries.
Biomass Power Generation Market Regional Analysis:
The Biomass Power Generation Market Report includes the segmentation of Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Europe is currently the largest Biomass Power Generation market accounting for 35% of total energy production from biomass, followed by North America. Europe accounted for the largest share of 34.1% in 2021 due to favorable environmental regulations implemented in the region to maximize bioenergy potential in various countries. Countries such as Finland, France, Sweden and Germany have abundant availability of forest residues and large forest industries, which will ensure strong expansion of the regional Biomass Power Generation market during the foreseen period. North America is predicted to experience considerable expansion over the next several years, with the United States being the largest contributor to revenue. The growing trend to produce electricity from biomass provides valuable waste disposal services, which would otherwise be openly burned, thus reducing environmental impact and supporting the call of the Biomass Power Generation market in the region.
Asia-Pacific is supposed to be the fastest growing region from 2021 to 2026 due to the abundant availability and large base of biomass feedstocks in emerging economies such as China and India. Furthermore, biogas digesters are heavily subsidized in some parts of the region. The production of biogas by anaerobic digestion allows the systematic management of large amounts of animal manure and the efficient production of gas for power generation, lighting and cooking. APAC was the largest biomass power generation market in 2021, and the region will provide several expansion opportunities to market providers during the foreseen period. The abundance of various forms of waste, such as agro-industrial waste, woody biomass, agricultural waste, municipal solid waste, and animal waste, will significantly drive the expansion of the biomass power generation market in this region during the conjecture period. 50% of the market expansion will come from APAC during the foreseen period. China and India are the main markets for electricity generation from biomass in the APAC region. Market expansion in this region will be faster than market expansion in other regions.
Coronavirus has definitely pushed the O&G industry to sit down and reconsider what should be included in business continuity plans. However, leaders who take this opportunity to start thinking about the pervasive changes needed to their operating models, using a combination of an agile operating mindset, a long-term vision, and partner ecosystems, faster than others, they will probably come out stronger as the dust settles. The O&G industry is generally competent in disaster response and its effectiveness has been demonstrated in a variety of disaster scenarios in the past. With COVID-19 as well, the industry has performed quite well so far, as evidenced by near-continuous operations and the availability of different fuels, almost throughout the country. However, most O&G CXOs believe that the sector's recovery is likely to be longer than predicted.
Some of the major players operating in the global biomass power generation market are:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Biomass Power Generation Market, By Feedstock
6.1.1 Solid
6.1.2 Liquid
6.1.3 Biofuels
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Biomass Power Generation Market, By Technology
6.2.1 Combustion
6.2.2 Gasification
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Feedstock
7.2.3 By Technology
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Feedstock
7.3.3 By Technology
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Feedstock
7.4.3 By Technology
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Feedstock
7.5.3 By Technology
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Feedstock
7.6.3 By Technology
8. Key Player Analysis
8.1 Acciona SA
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Ameresco Inc
8.3 Andritz AG
8.4 Babcock & Wilcox Enterprises Inc
8.5 E.ON SE
8.6 General Electric Co.
8.7 John Wood Group Plc
8.8 Thermax Ltd.
8.9 Valmet Oyj
8.10 Vattenfall AB
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
