Biomass Power Market Growth Analysis: 2025 to 2033

 

Report Overview:

The global biomass power market is projected to grow from USD 140.4 billion in 2024 to USD 237.6 billion by 2034, at a steady CAGR of 5.4% during 2025–2034. Biomass power electricity generated from organic materials like wood chips, agricultural residues, animal manure, and municipal waste uses processes like combustion, gasification, or anaerobic digestion. These processes convert biomass into steam or biogas that drives turbines. The market covers everything from feedstock procurement and plant construction to grid integration and power distribution. It plays a crucial role in clean energy strategies, waste management, and rural electrification in both developed and emerging economies

Key growth drivers include the global push toward low-carbon energy, supportive government policies (e.g., feed‑in tariffs, incentives), and a growing demand for sustainable waste disposal. Biomass offers a dual benefit of energy generation and waste reduction, fitting well into circular economy models. In agricultural regions, abundant biomass feedstock ensures reliable supply and reduces operational risks. Europe, for instance, led the biomass power market in 2024 with a value of USD 64.3 billion. Combustion technology dominated the market in 2024 with a 72.4% share, and solid biofuel was the top feedstock (67.3%), while industrial use represented 54.7% of all end-use

Key Takeaways

  • Market value rising from USD 140.4 bn (2024) to USD 237.6 bn by 2034, at 5.4% CAGR .
  • Combustion led the technology segment in 2024 with 72.4% share.
  • Solid biofuel was the top feedstock in 2024, holding 67.3% of the market.
  • The industrial sector dominated end-use in 2024 with 54.7% share.
  • Europe’s biomass power market reached USD 64.3 bn in 2024, the largest regional market.

Biomass Power Market
Download Exclusive Sample Of This Premium Report:
https://market.us/report/global-biomass-power-market/free-sample/

Key Market Segments:

By Technology

  • Combustion
  • Gasification
  • Anaerobic Digestion

By Feedstock

  • Solid Biofuel
  • Liquid Biofuel
  • Biogas

By End Use

  • Industrial
  • Commercial
  • Residential

DORT Analysis

Drivers

Government policies and incentives like feed-in tariffs and carbon‑reduction targets are encouraging the deployment of biomass power plants. They help lower project costs and make biomass energy more competitive. Rising demand for low-carbon energy and climate goals globally are pushing utilities and industries to shift from fossil fuels to biomass. Abundant and low‑cost feedstock (wood residues, agricultural by‑products) in rural and forestry regions strengthens supply chains. The dual benefit of energy generation and waste management appeals to both policy makers and businesses looking to implement circular economy models.

Opportunities

Retrofitting coal fired plants with biomass combustion systems can extend the life of existing assets while lowering emissions.
Emerging markets in Asia-Pacific and Latin America offer untapped potential with growing energy needs and biomass availability.
Innovation in conversion technologies like gasification and anaerobic digestion can improve efficiency and open new feedstock options. Partnerships across supply chains, including feedstock suppliers and technology providers, can reduce costs and improve plant performance.

Restraints

High upfront capital costs for setting up biomass power plants may deter new entrants. Logistics issues such as transportation, storage, and seasonal feedstock availability can disrupt operations. Competition with other renewable sources like solar and wind, which can be cheaper and less complex to deploy. Environmental concerns over land use, carbon accounting, and long-distance biomass transport could lead to regulatory hurdles.

Trends

Combustion remains dominant but gasification and anaerobic digestion are gaining traction to reduce emissions and diversify feedstock. Solid biofuels continue to lead, with wood chips, pellets, and residues making up over two-thirds of feedstock. Industrial users drive the demand, reflecting biomass’s appeal for large-scale, steady power needs . Europe remains the leading region, supported by strong policies and mature infrastructure .

Market Key Players:

  • Mitsubishi Heavy Industries, Ltd.
  • Suez
  • Xcel Energy Inc.
  • Ramboll Group A/S
  • Babcock & Wilcox Enterprises, Inc.
  • Ørsted A/S
  • Ameresco
  • General Electric
  • Veolia
  • Vattenfall

Conclusion:

Comments

Post a Comment

Popular posts from this blog

Green Energy Market Innovation in Storage and Transmission

Image
  Report Overview: The Global Green Energy Market was valued at approximately USD 847.8 billion in 2024 . It’s expected to soar to around USD 2,321.9 billion by 2034 , reflecting a CAGR of 10.6%. Solar energy dominates the landscape with a 36.2% share , driven by plunging costs and rising panel efficiency. The electricity generation sector is the main revenue engine, commanding 68.4% of the market, thanks to utility-scale projects replacing fossil fuels . Meanwhile, the industrial segment leads among applications at 49.1% , fueled by energy demand and decarbonization pressures. Regionally, Asia‑Pacific stands out, accounting for a hefty 46.9% market share (~USD 397.6 billion) . These insights show how economic growth, technological maturity, and government incentives are shaping the global shift toward green power. Green energy is rapidly restructuring the global energy mix. With its more than USD 1.5 trillion valuation in 2024 , the market’s scale is immense. yet the Market.us p...
Read more

Fusion Energy Market Forecast: Trends and Projections Through 2040

Image
  Report Overview: The global fusion energy market is projected to surge from US $304.1 billion in 2024 to US $555.0 billion by 2034 , marking a sturdy CAGR of 6.2% during 2025–2034.   Magnetic confinement leads the field, holding over 56.3% market share thanks to its proven approach in tokamak designs and infrastructure maturity . Meanwhile, deuterium‑tritium fuel remains dominant, representing about 63.5% of total demand, driven by its high fusion yield and established research focus . Advancements in both confinement technologies and fuel cycles reflect industry confidence and strong investment interest. As governments and private players weigh in, the sector evolves into a multi‑billion‑dollar powerhouse, poised to reshape global energy systems. The consistent CAGR reveals steady momentum, signaling that fusion is steadily edging closer from ambitious concept to practical, commercial reality. Beyond headline figures, the detailed market structure underscores fusion’s...
Read more

Glass Manufacturing Market Size, Trends, and Forecast 2025–2035

Image
  Report Overview: The global glass manufacturing market is poised for substantial growth, projected to reach approximately USD 309.8 billion by 2033, up from USD 189 billion in 2023, reflecting a compound annual growth rate (CAGR) of 5.2%. This expansion is driven by increased demand across sectors such as construction, automotive, and packaging, where glass is valued for its durability, transparency, and recyclability Key Takeaways Market Size & Growth : Expected to grow from USD 189 billion in 2023 to USD 309.8 billion by 2033, at a CAGR of 5.2%. Product Segmentation : Flat glass leads the market with a 46.3% share, followed by container glass and fiberglass. Manufacturing Processes : The float process dominates, accounting for over 54.5% of production, due to its efficiency in producing uniform flat glass. End-Use Applications : Construction is the primary sector, utilizing over 44.3% of glass production, followed by packaging and automotive industries. 𝐂𝐥𝐢𝐜𝐤 𝐭𝐨 𝐑?...
Read more