Forecasting till 2030: Opportunities And Strategies In The Global Biomass Electricity Market – Includes Biomass Electricity Market Size
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The rapid growth in investments in renewable power generation capacities is expected to drive the utilities market during the forecast period, as per The Business Research Company’s biomass electricity market opportunities and strategies report.
The biomass electricity market is expected to reach $50.25 billion 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 $73.33 billion in 2030.
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Major players in the biomass electricity market include Drax Group, EPH, Engie, EDF, Iberdrola.
Companies in the biomass electricity market are focusing on utilizing bioenergy with carbon capture for improving decarbonisation. Bioenergy with carbon capture and storage (BECCS) is the process of capturing and permanently storing carbon dioxide (CO2) from biomass (organic matter) energy generation. BECCS uses a post-combustion carbon capture process, where solvents isolate CO2 from the flue gases produced when the biomass is combusted. The captured CO2 is pressurized and turned into a liquid-like substance so it can then be transported by pipeline.
The Global Biomass Electricity Market Is Segmented:
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.
TBRC’s Biomass Electricity Market Report Covers:
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 (2016-21) and ten years forecast (2022-2026-2031)
The Biomass Electricity 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 thorough biomass electricity market research, analyzes and forecasts biomass electricity market size, biomass electricity market share, biomass electricity market players, biomass electricity market trends, biomass electricity market segmentation 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.
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.
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