GLOBAL BIOMASS POWER MARKET 2022-2028

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Government efforts to encourage biomass adoption, especially in key domestic biomass markets such as Latin America and the Asia-Pacific, are driving the growth of the biomass power market

SKU: TR-270-2022 Category: Tag:

Description

MARKET OUTLOOK

According to CRI’s report, the global biomass power market would register growth at a CAGR of 6.08% in the projected duration from 2022 to 2028.
In order to assure energy security and sustainable development, a number of nations shifted their focus on new & renewable energy sources in the early 1970s. For this, their governments implemented favorable policies and regulations, which is expected to favor the growth of the studied market.
However, the limited availability of biomass feedstock and the availability of alternate sources of renewable power are hindering the market progress.
On the bright side, countries across the world are turning to biogas & biomethane to enhance their energy & food security in order to jumpstart their circular economies. This indicates positive growth prospects for the market.

REGIONAL OUTLOOK

The global market for biomass power covers Latin America, North America, the Asia-Pacific, Europe, and the Middle East and Africa.
The Asia-Pacific is the leading market in the region, with the highest revenue share in 2021. Most governments in the region have extended their support towards renewable energy installations through numerous supportive policies, plans, and research & development initiatives. These factors have driven the biomass power market in the Asia Pacific.
Whereas, Latin America is expected to grow the fastest in the global market over the forecasted duration. The key factors responsible for the considerable rise in the demand for biofuels from this region are the increasing initiatives by various countries to ensure their energy security and self-reliance. The high dependence of countries here on depleting fossil fuels has resulted in their respective governments looking for alternative fuels.

COMPETITIVE OUTLOOK

The key players profiled in the report on the biomass power market include Babcock & Wilcox Enterprises, E.ON Energy, Ameresco Inc, Veolia Environnement SA, Xcel Energy Inc, Vattenfall AB, Suez SA, Ramboll Group, Orsted, General Electric Company, Thermax Ltd, Mitsubishi Heavy Industries Ltd, and Valmet Oyj.
General Electric Company (GE) is a globally renowned industrial corporation that offers financial services and industrial equipment. It serves various industries, such as telecommunication, oil & gas, water, metals, mining, aerospace, transportation, power, and healthcare. The company has a business presence across North America, Europe, Asia, the Middle East and Africa, and Latin America.
The 5-megawatt (MW) Karlovo plant in Bulgaria uses three of GE’s high-efficiency, robust and fuel-flexible Jenbacher engines (1 J612 and 2 J620 units) powered by syngas derived from biomass. Also, GE Steam Power, a key solution offered by the company, is used for designing, manufacturing, and supplying all the main components for the biomass power generation plant in Kamisu, Japan.

TABLE OF CONTENTS

1. GLOBAL BIOMASS POWER MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE BIOMASS POWER MARKET
2.2. KEY INSIGHT
2.2.1. INCREASED DEMAND FOR BIOMASS DUE TO RISING ENVIRONMENTAL CONCERNS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. KEY BUYING IMPACT ANALYSIS
2.4.1. FAVORABLE REGULATIONS
2.4.2. APPLICATIONS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. INDUSTRY COMPONENTS
2.8. REGULATORY FRAMEWORK
2.9. KEY MARKET STRATEGIES
2.9.1. ACQUISITIONS
2.9.2. PRODUCT LAUNCHES
2.9.3. CONTRACTS & AGREEMENTS
2.9.4. BUSINESS EXPANSIONS
2.10. MARKET DRIVERS
2.10.1. FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
2.10.2. MINIMUM EXPENDITURE REQUIRED TO PRODUCE ENERGY FROM BIOMASS-FIRED POWER PLANTS
2.11. MARKET CHALLENGES
2.11.1. AVAILABILITY OF ALTERNATE RENEWABLE ENERGY SOURCES
2.11.2. SEASONAL AVAILABILITY OF BIOMASS MATERIAL
2.12. MARKET OPPORTUNITIES
2.12.1. GROWING OPPORTUNITY FOR BIOMASS ENERGY IN EUROPE
2.12.2. PREFERENCE FOR BIOMASS AND BIOGAS TO ATTAIN CIRCULAR ECONOMY GOALS
3. GLOBAL BIOMASS POWER MARKET OUTLOOK – BY FEEDSTOCK
3.1. SOLID BIOMASS
3.2. LIQUID BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL SOLID WASTE
4. GLOBAL BIOMASS POWER MARKET OUTLOOK – BY TECHNOLOGY
4.1. ANAEROBIC DIGESTION
4.2. COMBUSTION
4.3. GASIFICATION
4.4. CO-FIRING & CHP
4.5. LFG
5. GLOBAL BIOMASS POWER MARKET OUTLOOK – BY APPLICATION
5.1. RESIDENTIAL
5.2. COMMERCIAL
5.3. INDUSTRIAL
6. GLOBAL BIOMASS POWER MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET OUTLOOK BY FEEDSTOCK
6.1.2. MARKET OUTLOOK BY FEEDSTOCK
6.1.3. MARKET OUTLOOK BY TECHNOLOGY
6.1.4. MARKET OUTLOOK BY APPLICATION
6.1.5. COUNTRY ANALYSIS
6.1.5.1. UNITED STATES
6.1.5.2. CANADA
6.2. EUROPE
6.2.1. MARKET OUTLOOK BY FEEDSTOCK
6.2.2. MARKET OUTLOOK BY FEEDSTOCK
6.2.3. MARKET OUTLOOK BY TECHNOLOGY
6.2.4. MARKET OUTLOOK BY APPLICATION
6.2.5. COUNTRY ANALYSIS
6.2.5.1. GERMANY
6.2.5.2. UNITED KINGDOM
6.2.5.3. FRANCE
6.2.5.4. ITALY
6.2.5.5. NORWAY
6.2.5.6. SPAIN
6.2.5.7. BELGIUM
6.2.5.8. POLAND
6.2.5.9. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET OUTLOOK BY FEEDSTOCK
6.3.2. MARKET OUTLOOK BY FEEDSTOCK
6.3.3. MARKET OUTLOOK BY TECHNOLOGY
6.3.4. MARKET OUTLOOK BY APPLICATION
6.3.5. COUNTRY ANALYSIS
6.3.5.1. CHINA
6.3.5.2. INDIA
6.3.5.3. JAPAN
6.3.5.4. SOUTH KOREA
6.3.5.5. AUSTRALIA
6.3.5.6. ASEAN COUNTRIES
6.3.5.7. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1. MARKET OUTLOOK BY FEEDSTOCK
6.4.2. MARKET OUTLOOK BY FEEDSTOCK
6.4.3. MARKET OUTLOOK BY TECHNOLOGY
6.4.4. MARKET OUTLOOK BY APPLICATION
6.4.5. COUNTRY ANALYSIS
6.4.5.1. BRAZIL
6.4.5.2. MEXICO
6.4.5.3. ARGENTINA
6.4.5.4. REST OF LATIN AMERICA
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET OUTLOOK BY FEEDSTOCK
6.5.2. MARKET OUTLOOK BY FEEDSTOCK
6.5.3. MARKET OUTLOOK BY TECHNOLOGY
6.5.4. MARKET OUTLOOK BY APPLICATION
6.5.5. COUNTRY ANALYSIS
6.5.5.1. UNITED ARAB EMIRATES
6.5.5.2. EGYPT
6.5.5.3. TURKEY
6.5.5.4. SOUTH AFRICA
6.5.5.5. REST OF MIDDLE EAST & AFRICA
7. COMPETITIVE LANDSCAPE
7.1. MITSUBISHI HEAVY INDUSTRIES LTD
7.2. GENERAL ELECTRIC COMPANY
7.3. THERMAX LTD
7.4. SUEZ SA
7.5. XCEL ENERGY INC
7.6. RAMBOLL GROUP
7.7. BABCOCK & WILCOX ENTERPRISES
7.8. ORSTED
7.9. AMERESCO INC
7.10. VATTENFALL AB
7.11. E.ON ENERGY
7.12. VEOLIA ENVIRONNEMENT SA
7.13. VALMET OYJ
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: GLOBAL BIOMASS POWER MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 2: GLOBAL BIOMASS POWER MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN MILLION MWH)
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF PRODUCT LAUNCHES
TABLE 7: LIST OF CONTRACTS & AGREEMENTS
TABLE 8: LIST OF BUSINESS EXPANSIONS
TABLE 9: GLOBAL BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 10: GLOBAL BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN MILLION MWH)
TABLE 11: GLOBAL BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 12: GLOBAL BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 13: GLOBAL BIOMASS POWER MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 14: GLOBAL BIOMASS POWER MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION MWH)
TABLE 15: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 16: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 17: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 18: NORTH AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 19: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 20: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)
TABLE 21: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 22: EUROPE BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 23: EUROPE BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 24: EUROPE BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 25: EUROPE BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 26: EUROPE BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)
TABLE 27: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 28: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 29: ASIA-PACIFIC BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 30: ASIA-PACIFIC BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 31: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 32: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)
TABLE 33: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 34: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 35: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 36: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 37: LATIN AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 38: LATIN AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)
TABLE 39: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ BILLION)
TABLE 40: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION MWH)
TABLE 41: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 42: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, BY APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 43: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 44: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION MWH)

FIGURE LIST

FIGURE 1: KEY BUYING IMPACT ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY COMPONENTS
FIGURE 4: POWER GENERATION FLOW IN A BIOMASS POWER PLANT
FIGURE 5: GLOBAL WIND AND SOLAR POWER, INSTALLED CAPACITY, 2015-2019 (GW)
FIGURE 6: GLOBAL BIOMASS POWER MARKET, BY FEEDSTOCK, 2021 & 2028 (IN %)
FIGURE 7: GLOBAL BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2028 (IN $ BILLION)
FIGURE 8: GLOBAL BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2022-2028 (IN $ BILLION)
FIGURE 9: GLOBAL BIOMASS POWER MARKET, BY BIOGAS, 2022-2028 (IN $ BILLION)
FIGURE 10: GLOBAL BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ BILLION)
FIGURE 11: GLOBAL BIOMASS POWER MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 12: GLOBAL BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2022-2028 (IN $ BILLION)
FIGURE 13: GLOBAL BIOMASS POWER MARKET, BY COMBUSTION, 2022-2028 (IN $ BILLION)
FIGURE 14: BIOMASS GASIFICATION PROCESS
FIGURE 15: GLOBAL BIOMASS POWER MARKET, BY GASIFICATION, 2022-2028 (IN $ BILLION)
FIGURE 16: GLOBAL BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2022-2028 (IN $ BILLION)
FIGURE 17: GLOBAL BIOMASS POWER MARKET, BY LFG, 2022-2028 (IN $ BILLION)
FIGURE 18: GLOBAL BIOMASS POWER MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 19: GLOBAL BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2028 (IN $ BILLION)
FIGURE 20: GLOBAL BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2028 (IN $ BILLION)
FIGURE 21: GLOBAL BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2028 (IN $ BILLION)
FIGURE 22: GLOBAL BIOMASS POWER MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 23: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 24: UNITED STATES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 25: CANADA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 26: EUROPE BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 27: GERMANY BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 28: UNITED KINGDOM BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 29: FRANCE BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 30: ITALY BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 31: NORWAY BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 32: SPAIN BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 33: BELGIUM BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 34: POLAND BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 35: REST OF EUROPE BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 36: ASIA-PACIFIC BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 37: CHINA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 38: INDIA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 39: JAPAN BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 40: SOUTH KOREA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 41: AUSTRALIA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 42: ASEAN COUNTRIES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 43: REST OF ASIA-PACIFIC BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 44: LATIN AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 45: BRAZIL BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 46: MEXICO BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 47: ARGENTINA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 48: REST OF LATIN AMERICA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 49: MIDDLE EAST AND AFRICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 50: UNITED ARAB EMIRATES BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 51: EGYPT BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 52: TURKEY BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 53: SOUTH AFRICA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)
FIGURE 54: REST OF MIDDLE EAST & AFRICA BIOMASS POWER MARKET 2022-2028 (IN $ BILLION)

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Companies Mentioned

1. VATTENFALL AB
2. VEOLIA ENVIRONNEMENT SA
3. GENERAL ELECTRIC COMPANY
4. ORSTED
5. VALMET OYJ
6. MITSUBISHI HEAVY INDUSTRIES LTD
7. THERMAX LTD
8. AMERESCO INC
9. E.ON ENERGY
10. SUEZ SA
11. XCEL ENERGY INC
12. RAMBOLL GROUP
13. BABCOCK & WILCOX ENTERPRISES

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