Learn about the global biomass electricity market through The Business Research Company, which provides information on biomass electricity market size, biomass electricity market drivers and restraints, biomass electricity market players, the COVID-19 impact on the biomass electricity market, and more.

The biomass electricity market reached a value of nearly $33,107.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 1.9% since 2015. The market is expected to grow from $33,107.6 million in 2020 to $50,256.0 million in 2025 at a rate of 8.7%. The market is then expected to grow at a CAGR of 7.0% from 2025 and reach $73,331.9 million in 2030.

Going forward, the global population growth and urbanization, rising investment for renewable power generation, focus on reducing foreign oil dependence and alternative sources of power generation will drive the growth.

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The biomass electricity market consists of sales of biomass power by entities (organizations, sole traders and partnerships) that convert biomass into electrical energy. The biomass electric power generation industry includes establishments that operate biomass electric power generation facilities which produce electricity generated from renewable organic waste that comes from plants and animals. These facilities use biomass, such as wood, waste, and alcohol fuels to produce electrical energy. In biomass power plants, wood waste or other is processed to make electricity, or to provide heat to industries and homes. The electrical energy generated is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally.

Global Biomass Electricity Market Segments Include:

By Feedstock – Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass

By End-User – Household, Industrial, Government, Others

By Technology – Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the biomass electricity market, accounting for 37.5% of the total in 2020.

Companies in the biomass electricity market are focusing on transitioning conventional boilers to biomass-based boilers. Up to now the conversion of coal- or oil-fired boilers to biomass has been a costly proposition, with the boilers needing to be significantly modified or even replaced to allow the burning of biomass materials. Hundreds of millions of dollars have been spent in the past few years in the conversion from coal or oil to one or another biomass material. Biomass boilers features steady combustion, fast ignition, large flame, high heat efficiency, and stable operation conditions. They have different burning method from coals. The SO2, smoke and NOX emission are less than coals. The burn out rate is higher than coal, so the ash residue is little.

TBRC’s biomass electricity market report covers:

Major Market Players: Drax Group, EPH, Engie, EDF, Iberdrola

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Biomass Electricity Global Market Report 2022: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides biomass electricity market overviews, analyses and forecasts market size, share, biomass electricity market players, biomass electricity market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biomass electricity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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