Biomass Electricity Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Global Biomass Electricity Market - By Feedstock, By End-User, By Technology– Regional Outlook, Competitive Strategies, and Segment Forecasts to 2032
| Published: Sep-2022 | Report ID: POAE2202 | Pages: 1 - 224 | Formats*: |
| Category : Power & Energy | |||
Biomass Electricity Market Introduction and Overview
According to SPER Market Research, the Global Biomass Electricity Market is estimated to reach USD 236.63 billion by 2032 with a CAGR of 6.26%.
The report includes an in-depth analysis of the Global Biomass Electricity Market, including market size and trends, Machine Type mix, distribution channels, and supplier analysis. The term "biomass electricity" describes electricity produced by a process that involves burning biomass to produce product gas or syngas, which is then used to generate electricity. Carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen are all components of producer gas, a flammable gas mixture. When the air supply (O2) is insufficient for the combustion of biomass, partial combustion—which occurs when heat, pressure, and partial combustion are used—in the gasification process.
- 2021: Albany Green Energy was purchased by ReGenerate Energy Holdings, LLC, a US-based business that focuses on environmental sustainability in renewable energy. ReGenerate Energy Holdings, LLC would continue developing and growing a bioenergy company through the acquisition.
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Market Opportunities and Challenges
Opportunities: The market for biomass electricity is expanding due to the expanding government assistance provided through various government subsidies and policies. New government regulations are being developed to promote sustainable power generation in response to the growing worries about climate change and the rising amounts of greenhouse gases in the atmosphere brought on by the combustion of fossil fuels like coal and oil. The market for biomass electricity is expanding due to the expanding government assistance provided through various government subsidies and policies. New government regulations are being developed to promote sustainable power generation in response to the growing worries about climate change and the rising amounts of greenhouse gases in the atmosphere brought on by the combustion of fossil fuels like coal and oil.
Challenges: The market for biomass electricity is anticipated to be constrained by the rising competition from other energy sources like solar, wind, and geothermal. In contrast to wind energy facilities, biogas facilities are impacted by cold weather. In order to keep the biogas supply steady, the digesters in a biogas plant need heat energy. Around 37°C is the ideal temperature for bacteria to digest the waste product. The digesters need more heat energy to provide a steady supply of biogas at temperatures below 37°C. While biogas generation is only feasible in rural locations where raw materials like agricultural waste, manure, green waste, or food waste are always available, solar and wind energy plants employ raw materials that are abundantly available. Therefore, the growth of the biomass electricity market is constrained by the acceptance of and ease of upkeep for alternative energy sources like solar, wind, and geothermal.
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Market Competitive Landscape
The market is quite competitive because of the presence of significant firms including Acciona Sa, Ameresco Inc., Babcock & Wilcox Enterprises, Inc., CEZ, Dong Energy A/S, Drax Group, EDF, Engie, Enviva, EPH, General Electric, Iberdrola, Mitsubishi Power, Ltd., Ørsted A/S, Ramboll Group A/S, RWE, Suez. Others. Due to the presence of significant corporations, the worldwide market is extremely competitive. In order to secure a constant supply of biomass feedstocks, conversion, transportation, and delivery of the value fuels to the end-user segment, the industry must connect with local and regional stakeholders. In order to further commercialise the various types of biomass power generation technologies, industry participants are also placing a strong emphasis on extensive research and development operations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Feedstock, By End-User, By Technology. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Acciona Sa, Ameresco Inc., Babcock & Wilcox Enterprises, Inc., CEZ, Dong Energy A/S, Drax Group, EDF, Engie, Enviva, EPH, General Electric, Iberdrola, Mitsubishi Power, Ltd., Ørsted A/S, Ramboll Group A/S, RWE, Suez. Others |
COVID-19 Impact on Global Biomass Electricity Market
The COVID-19 pandemic has had two effects on the global biomass electricity market. The market has been significantly impacted by decreased electricity demand brought on by business closures and stay-at-home activities. Disruptions in the supply chain have also made it difficult for biomass producers to get the essential organic components. However, as governments and businesses look for sustainable solutions for economic recovery, the epidemic has increased awareness of renewable energy, especially biomass electricity. Despite the negative short-term effects, the pandemic is expected to spur long-term growth in the biomass electricity sector.
Key Target Audience
- Energy Management Companies
- Engineering, Procurement, and Construction Companies
- Environmental Organizations
- Independent Power Producers
- Industrial Sector
- Others
Our in-depth analysis of the Biomass Electricity Market includes the following segments:
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| By End-User: |
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| By Technology: |
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Key Topics Covered in the Report
- Size of Global Biomass Electricity Market (FY’2019-FY’2032)
- Overview of Global Biomass Electricity Market
- Segmentation of Global Biomass Electricity Market By Feedstock (Biogas, Liquid Biomass, Municipal Solid Waste, Solid Biomass)
- Segmentation of Global Biomass Electricity Market By End-User (Government, Household, Industrial, Others)
- Segmentation of Global Biomass Electricity Market By Technology (Anaerobic Digestion, Co-Firing, Combustion, Gasification, Landfill Gas)
- Statistical Snap of Global Biomass Electricity Market
- Global Biomass Electricity Market Growth Analysis
- Problems and Challenges in Global Biomass Electricity Market
- Global Biomass Electricity Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Biomass Electricity Market
- Details on Recent Investment in Global Biomass Electricity Market
- Competitive Analysis of Global Biomass Electricity Market
- Major Players in the Global Biomass Electricity Market
- SWOT Analysis of Global Biomass Electricity Market
- Global Biomass Electricity Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Biomass Electricity Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Biomass Electricity Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Biomass Electricity Market
7. Global Biomass Electricity Market, By Feedstock, 2019-2032 (USD Million)
7.1 Biogas7.2 Liquid Biomass7.3 Municipal Solid Waste7.4 Solid Biomass
8. Global Biomass Electricity Market, By End-User, 2019-2032 (USD Million)
8.1 Government8.2 Household8.3 Industrial8.4 Others
9. Global Biomass Electricity Market, By Technology, 2019-2032 (USD Million)
9.1 Anaerobic Digestion9.2 Co-Firing9.3 Combustion9.4 Gasification9.5 Landfill Gas
10. Global Biomass Electricity Market, By Region, 2019-2032 (USD Million)
10.1 Global Biomass Electricity Market Size and Market Share by Region (2019-2025)10.2 Global Biomass Electricity Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific
10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada10.6.2 Mexico10.6.3 United States
10.7 Latin America
10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 Acciona Sa
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Ameresco Inc.
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 Babcock & Wilcox Enterprises, Inc.
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 CEZ
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 Dong Energy A/S
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Drax Group
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 EDF
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Engie
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Enviva
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 EPH
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 General Electric
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
11.12 Iberdrola
11.12.1 Company details11.12.2 Financial outlook11.12.3 Product summary11.12.4 Recent developments
11.13 Mitsubishi Power, Ltd.
11.13.1 Company details11.13.2 Financial outlook11.13.3 Product summary11.13.4 Recent developments
11.14 Ørsted A/S
11.14.1 Company details11.14.2 Financial outlook11.14.3 Product summary11.14.4 Recent developments
11.15 Ramboll Group A/S
11.15.1 Company details11.15.2 Financial outlook11.15.3 Product summary11.15.4 Recent developments
11.16 RWE
11.16.1 Company details11.16.2 Financial outlook11.16.3 Product summary11.16.4 Recent developments
11.17 Suez
11.17.1 Company details11.17.2 Financial outlook11.17.3 Product summary11.17.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Biomass Electricity Market is projected to reach USD 236.63 billion by 2032, growing at a CAGR of 6.26% during the forecast period.
Biomass Electricity Market grew in market size from 2021. The Market is expected to reach USD 236.63 billion by 2032, at a CAGR of 6.26% during the forecast period.
Biomass Electricity Market CAGR of 6.26% during the forecast period.
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Biomass Electricity Market size is USD 236.63 billion from 2022 to 2032.
Biomass Electricity Market Segment is covered By Feedstock, By End-User, By Technology.
The North America region is anticipated to have the highest market share in the Biomass Electricity Market.
The key players in the market include Companies Covered Acciona Sa, Ameresco Inc., Babcock & Wilcox Enterprises, Inc., CEZ, Dong Energy A/S, Drax Group, EDF, Engie, Enviva, EPH, General Electric, Iberdrola, Mitsubishi Power, Ltd., Ørsted A/S, Ramboll Group A/S, RWE, Suez.
The advancement of biomass conversion technology has had an impact on the growth of the market for biomass electricity. Over the past few decades, significant advancements have been made in the development of more accessible, cost-effective techniques of turning biomass materials into power.
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