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The biomass electricity market has experienced robust expansion, increasing from $44.8 billion in 2023 to $48.52 billion in 2024, with a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period is attributed to the growth in emerging markets, government incentives, a low-interest rate environment, and the high environmental impact of conventional power generation sources. Projecting continued strength, the market is anticipated to grow to $64.81 billion in 2028, with a CAGR of 7.5%. The anticipated growth in the forecast period is fueled by factors such as global population growth and urbanization, increased investment in renewable power generation, a focus on reducing foreign oil dependence, and alternative sources of power generation. Noteworthy trends in the forecast period include the adoption of bioenergy carbon capture and storage processes to reduce emissions, transitioning conventional boilers for increased efficiency and reduced carbon emissions, adopting anaerobic digestion plants for emissions reduction, innovation in waste-to-energy technologies, offering services through digital marketplaces, and investing in artificial intelligence technologies to enhance biomass preprocessing.

The biomass electricity market is experiencing growth, driven by increasing government support through various subsidies and policies. Governments worldwide are framing policies to encourage sustainable power generation in response to concerns about climate change and rising greenhouse gas levels from fossil fuel combustion. For instance, India’s Ministry of New and Renewable Energy, under the National Biogas and Manure Management Programme (NBMMP), provides subsidies for setting up family-type biogas plants, mainly for rural and semi-urban households. The subsidies, amounting to up to Rs. 17,000 ($230), support the establishment of biogas plants, contributing to the growth of the biomass electricity market. The market size is estimated to grow from $X billion in 2023 to $Y billion in 2024 and further increase to $Z billion by 2028.

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What Are The Key Trends That Influence Biomass Electricity Market Share Analysis?

Companies in the biomass electricity market are exploring new methods to generate power by combining biogas with other renewable energy sources like solar energy. This hybrid approach reduces operational costs and manages waste from farms more efficiently. In August 2023, a new biogas power plant was launched in Sagamihara, Japan. The plant produces 1.9 million Nm3 of biogas annually from pig feed and food waste using anaerobic digestion. The facility uses a combined heat and power (CHP) system to generate electricity and heat for both the grid and plant operations.

Which Market Players Are Driving Growth In The Biomass Electricity Market?

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

How Is The Global Biomass Electricity Market Segmented?

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

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The Biomass Electricity Global Market Report 2024 provides an overview of the biomass electricitymarket 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 and their market positions.

The Table Of Content For The Biomass Electricity Market Include

1. Biomass Electricity Market Executive Summary
2. Biomass Electricity Market Segments
3. Biomass Electricity Market Size And Template Market Growth Rate
4.  Key Biomass Electricity Market Trends
5. Major Biomass Electricity Market Drivers
……
25. Key Mergers And Acquisitions In The Biomass Electricity Market
26. Top Biomass Electricity Companies
27. Biomass Electricity Market Opportunities And Strategies
28. Biomass Electricity Market, Conclusions And Recommendations
29. Appendix

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