Biomass Electricity Market Industry Outlook, Opportunities in Market And Expansion By 2033

Overview and Scope

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. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure, and partial combustion, which takes place when the air supply (O2) is inadequate for the combustion of biomass.

Sizing and Forecast

The biomass electricity market size has grown strongly in recent years. It will grow from $44.8 billion in 2023 to $48.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%.  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 $64.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.  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 to bioenergy carbon capture and storage processes in order to reduce emissions, transitioning conventional boilers in order 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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Segmentation & Regional Insights

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

Western Europe was the largest region in the biomass electricity market in 2023. Asia-Pacific was the second-largest region in the global biomass market analysis. The regions covered in the biomass electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the biomass electricity market report are 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, Centria Reti Gas, GASAG, Enagás, Italgas, Eni Gas & Power, Cadent Gas Ltd, Enercon, Nordez, Repower, Siemens, Wartsila Corporation, Suez Water, ACCIONA S.A., 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, Bem Brasil Alimentos Ltda., Ali Yaqoob Trading Co. L.L.C, Al Rahib Trading Co. LLC, Siemens LLC, Areva T & D, City Power Johannesburg (Pty) Ltd, Vuselela Energy (Pty) Ltd, Sonangol Group

The biomass electricity market report table of contents includes:
1. Executive Summary

2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

………

27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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