At what pace is the biomass electricity market growing, and what is its estimated value?
The biomass electricity market size has grown strongly in recent years. It will grow from $56.53 billion in 2024 to $60.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to emerging markets growth, government incentives, low-interest rate environment, and high environment impact of conventional power generation sources.
The biomass electricity market size is expected to see strong growth in the next few years. It will grow to $75.71 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the global population growth and urbanization, rising investment for renewable power generation, focus on reducing foreign oil dependence, and alternative sources of power generation. Major trends in the forecast period include adopting bioenergy carbon capture and storage processes to reduce emissions, transitioning conventional boilers to increase efficiency and reduce carbon emissions, adopting anaerobic digestion plants to reduce emissions, investing and innovating new waste-to-energy technologies, focusing on offering services through digital marketplaces and investing in artificial intelligence technologies to enhance biomass preprocessing.
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What are the top drivers to the rising demand in the biomass electricity market?
The increasing government support through various government subsidies and policies is driving the growth of the biomass electricity market. Due to the growing concerns about climate change and the rising levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels such as coal and oil, new government policies are being framed to encourage sustainable power generation. For instance, in India, the Ministry of new and renewable energy under its National Biogas and Manure Management Programme (NBMMP) provides subsidies for setting up family-type biogas plants mainly for rural and semi-urban households. The program is implemented by the State Nodal Departments/State Nodal Agencies and Khadi and Village Industries Commission (KVIC), Biogas Development and Training Centers (BDTCs) and involves subsidies of up to Rs. 17,000 ($230) for setting up biogas plants.
How is the biomass electricity market segmented?
The biomass electricity market covered in this report is segmented –
1) By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
2) By Technology: Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas
3) By End-User: Households, Industrial Sector, Government Sector, Other End Users
Subsegments:
1) By Solid Biomass: Wood Pellets, Agricultural Residues, Wood Chips, Energy Crops
2) By Biogas: Anaerobic Digestion Products, Landfill Gas, Wastewater Treatment Biogas
3) By Municipal Solid Waste: Organic Waste, Recyclable Materials, Non-recyclable Residuals
4) By Liquid Biomass: Biodiesel, Bioethanol, Other Biofuels
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Who are the top competitors in the biomass electricity market?
Major companies operating in the biomass electricity market include Drax Group, EPH, Engie, EDF, Iberdrola, Acciona SA, RWE, Ørsted A/S, CEZ, Babcock and Wilcox, GGE Power, EnviTec Biogas AG, First Biogas International AG, Shenzhen Puxin Science & Technology Co. LTD, Mingshuo Environment Technology Group Co. Ltd., Clarke Energy, Seko Industries Srl, HC Energy, Agraferm Technologies AG, LMS Energy, Drax Power Limited, EDF Energy, E. ON UK, Enercon, Nordez, Repower, Wartsila Corporation, Suez Water, Ramboll, Graanul Invest Group, NaftoGaz Group, Iogen Corporation, Renewable Energy Group, Pond Technologies, Bio-Enpower Inc, Ag-West Bio, Airscience Technologies Inc. (Biogas), Ameresco Inc., Enviva Partners LP, N-Viro International Corporation, SolaGen Incorporated, FSE Energy Inc., BioDrill, Biomass Thermal Energy Council (BTEC), Taylor Biomass Energy LLC (TBE), American Biocarbon LLC., W2E, Carbon Green, Geradora de Energia Eletrica Alegrete, Liberty Green Renewables LLC, Usina Mandu, Brasil Biomassa e Energia Renovavel, Sonangol Group
What significant trends should we anticipate in the biomass electricity market over the forecast period?
Companies in the biomass electricity market are developing new methods to produce electric power through new hybrid biogas plants by combining biogas with other forms of renewable energy sources such as solar energy. The combination of solar energy with biogas reduces the operating cost and effort required to deal with the waste products from the farms. Following suit, in August 2023, a new biogas power plant was launched in Sagamihara, Japan, which produces annually 1.9 million Nm3 biogas from pig feed waste and food waste using anaerobic digestion. The plant applies a combined heat and power (CHP) system to generate electricity and heat, which is supplied to the grid and used for the plant’s operations.
Which regional trends are influencing the biomass electricity market, and which area dominates the industry?
The countries covered in the biomass electricity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
What Does The Biomass Electricity Market Report 2025 Offer?
The biomass electricity market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Biomass electricity refers to the electricity generated by a process that involves the burning of biomass for the generation of product gas or syngas for the production of electricity. Biomass electricity helps decrease dependence on fossil fuels, cut greenhouse gas emissions, and supports sustainable waste management.
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