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The increasing government support through various government subsidies and policies are expected to drive innovation in biomass electricity manufacturing, thus driving the market during the forecast period.

The global biomass electricity market is expected to grow from $41.44 billion in 2022 to $45.17 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The global biomass electricity market size is expected to grow to $61.32 billion in 2027 at a CAGR of 7.9%.

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Global Biomass Electricity Market Segments Include:

• By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
• By End-User: Households, Industrial Sector, Government Sector, 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 is the largest region in the global biomass electricity market in 2021.

Major Market Players in the biomass electricity market include Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc.

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 2020, Green Genius, a renewable energy company, launched a new biogas power plant in Belarus. In addition to producing green electricity, new biogas power plants will also eliminate the smell from pig farms and transform organic waste into liquid odorless fertilizer. Lithuania, Poland, Ukraine, Belarus, Spain, and Italy are the six European markets where Green Genius is creating sustainable energy (solar and biogas) projects.

The Biomass Electricity Global Market Report 2023  provides a biomass electricity market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biomass electricity market forecast analyzes biomass electricity market size, biomass electricity market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

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