Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Biomass Power Market to reach USD 172.21 billion by 2028.

Global Biomass Power Market Size study, by Technology (Combustion, Gasification, Anaerobic Digestion) by Feedstock (Solid Biofuel, Liquid Biofuel, Biogas) and Regional Forecasts 2022-2028

Product Code: EPRE-33512399
Publish Date: 15-05-2022
Page: 200

Global Biomass Power Market is valued approximately USD 114.53 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.0 % over the forecast period 2022-2028. Biomass fuel is a sustainable and renewable source of energy that is obtained from organic material and used to generate electricity or other forms of power. Wood waste or other trash is burned in biomass power plants to produce steam, which drives a turbine to provide electricity or heat for industry and residences. Fortunately, modern technologies such as pollution controls and combustion engineering have progressed to the point where any emissions created by burning biomass in industrial facilities are lower than those produced by burning fossil fuels. Growing worries about GHG emissions have resulted in favourable laws and regulations for renewable energy, which has been a crucial driver driving the market’s growth. With rising environmental concerns, several countries have been pushed to boost the share of renewable energy in their power mix, resulting in market development. India, China, Germany, the United Kingdom, and France have all established renewable energy targets with the goal of becoming carbon-neutral in the future. Furthermore, the market is driven by increased adoption as a result of favourable policies and regulations. In 2019, 14 projects in the United States added 177 MW of biomass generating capacity. The current project, which began in 2019, was completed in Florida, Georgia, California, and Hawaii. Furthermore, in the country, about 384 MW of biomass power projects are in various stages of construction. Over the projection period, these factors are expected to promote the country’s market growth. Furthermore, countries in the European Union are pursuing a coal phase-out, which is projected to increase demand for biomass power. Furthermore, in nations such as India, the United States, and China, coal-fired power stations are co-fired with biomass feedstock to reduce carbon emissions. These factors will contribute to the market’s growth over the forecast period. Mismanagement of biomass and a lack of understanding among developing economies, on the other hand, will stifle market growth between 2021 and 2027.

The key regions considered for the global Biomass Power Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe was the largest regional market. In its long-term strategy, the European Union aims to be carbon-neutral by 2050. This goal is in keeping with the promises made by the European Union as part of the Paris Agreement. According to the European Green Deal, the European Commission passed the first-ever European Climate Law in March 2020, paving the way for the EU to reach its 2050 climate-neutrality goal. Furthermore, member countries of the European Union must design and implement national long-term strategies in order to meet their Paris Agreement commitments. The market in Asia Pacific, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Mitsubishi Heavy Industries, Ltd.
Suez
Xcel Energy Inc.
Ramboll Group A/S
Babcock & Wilcox Enterprises, Inc.
Ørsted A/S
Ameresco
General Electric
Veolia
Vattenfall

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology
Combustion
Gasification
Anaerobic Digestion
By Feedstock
Solid Biofuel
Liquid Biofuel
Biogas
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Biomass Power Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Biomass Power Market, by Region, 2020-2028 (USD Billion)
1.2.2. Biomass Power Market, by Technology, 2020-2028 (USD Billion)
1.2.3. Biomass Power Market, by Feedstock, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biomass Power Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biomass Power Market Dynamics
3.1. Biomass Power Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing concerns about Greenhouse Gas (GHG) emissions
3.1.1.2. Increasing investments in Biomass Power Projects
3.1.2. Market Challenges
3.1.2.1. Mismanagement of biomass
3.1.2.2. Lack of understanding among developing economies
3.1.3. Market Opportunities
3.1.3.1. Government regulations regarding phase out of Coal based power
3.1.3.2. Increasing demand for renewable sources of power
Chapter 4. Global Biomass Power Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Biomass Power Market, by Technology
6.1. Market Snapshot
6.2. Global Biomass Power Market by Technology, Performance – Potential Analysis
6.3. Global Biomass Power Market Estimates & Forecasts by Technology 2018-2028 (USD Billion)
6.4. Biomass Power Market, Sub Segment Analysis
6.4.1. Combustion
6.4.2. Gasification
6.4.3. Anaerobic Digestion
Chapter 7. Global Biomass Power Market, by Feedstock
7.1. Market Snapshot
7.2. Global Biomass Power Market by Feedstock, Performance – Potential Analysis
7.3. Global Biomass Power Market Estimates & Forecasts by Feedstock 2018-2028 (USD Billion)
7.4. Biomass Power Market, Sub Segment Analysis
7.4.1. Solid Biofuel
7.4.2. Liquid Biofuel
7.4.3. Biogas
Chapter 8. Global Biomass Power Market, Regional Analysis
8.1. Biomass Power Market, Regional Market Snapshot
8.2. North America Biomass Power Market
8.2.1. U.S. Biomass Power Market
8.2.1.1. Technology breakdown estimates & forecasts, 2018-2028
8.2.1.2. Feedstock breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Biomass Power Market
8.3. Europe Biomass Power Market Snapshot
8.3.1. U.K. Biomass Power Market
8.3.2. Germany Biomass Power Market
8.3.3. France Biomass Power Market
8.3.4. Spain Biomass Power Market
8.3.5. Italy Biomass Power Market
8.3.6. Rest of Europe Biomass Power Market
8.4. Asia-Pacific Biomass Power Market Snapshot
8.4.1. China Biomass Power Market
8.4.2. India Biomass Power Market
8.4.3. Japan Biomass Power Market
8.4.4. Australia Biomass Power Market
8.4.5. South Korea Biomass Power Market
8.4.6. Rest of Asia Pacific Biomass Power Market
8.5. Latin America Biomass Power Market Snapshot
8.5.1. Brazil Biomass Power Market
8.5.2. Mexico Biomass Power Market
8.6. Rest of The World Biomass Power Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Mitsubishi Heavy Industries, Ltd.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments

9.2.2. Suez
9.2.3. Xcel Energy Inc.
9.2.4. Ramboll Group A/S
9.2.5. Babcock & Wilcox Enterprises, Inc.
9.2.6. Ørsted A/S
9.2.7. Ameresco
9.2.8. General Electric
9.2.9. Veolia
9.2.10. Vattenfall
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now