Biomass Market Scope
Biomass power is an alternative source of electricity generated from organic waste such as scrap lumber, forest debris, and agricultural harvest waste that are usually dumped in landfills, burned, or left as fodder for forest fires. These natural materials generate clean, renewable electricity while limiting carbon emissions and safeguarding the environment against the hazardous effects of greenhouse gases. Biomass also improves forest health, protects air quality, and offers a reliable renewable energy source. The Biomass Market is expected to be driven by Rising need to control the greenhouse gas emissions. The growing concern over global warming, combined with deteriorating climatic and environmental circumstances because of excessive pollution, has compelled the development and deployment of clean and green energy. As a result, Biomass is a clean and green energy source that is predicted to increase at a large rate during the forecast period. Energy efficiency, electrification, renewable energy, Biomass and Biomass-based fuels, and carbon, capture, utilization, and storage are some of the major technological pillars to decarbonize the world energy system. Modern bioenergy derived from biomass is a promising nearly emission-free fuel because when this biomass is used to generate electricity, the carbon is liberated during combustion and only returns to the environment. The development and deployment of new technologies are necessary because of the growing concerns about global warming and the deteriorating climatic and environmental conditions caused by the excess pollution because of significant greenhouse gas emissions. This increased need for renewable energy sources has pushed the use of biomass for energy and power generation, opening lucrative market opportunities.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Babcock & Wilcox Enterprises, Inc. (United States), Xcel Energy Inc. (United States), Yonago Biomass Power Generation LLC (Japan), Salzburg AG (Austria), Drax Group (United Kingdom), Ørsted A/ (Denmark), ACCIONA (Spain), Vattenfall (Sweden), D.E.S.I Power (India) and Statkraft (Norway) |
CAGR | % |
The Collagen Supplements market is characterized with the presence of both large and small players. To sustain the competition, vendors must differentiate their offerings through a clear and unique value proposition. Some vendors are focusing on partnering with other players or acquiring a regional brand to increase their share of the market.
Babcock & Wilcox Enterprises, Inc. (United States), Xcel Energy Inc. (United States), Yonago Biomass Power Generation LLC (Japan), Salzburg AG (Austria), Drax Group (United Kingdom), Ørsted A/ (Denmark), ACCIONA (Spain), Vattenfall (Sweden), D.E.S.I Power (India) and Statkraft (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Trinity Organics (Australia), Wärtsilä (Finland), Unilever plc (United Kingdom), Starbucks Corporation (United States) and Mitsubishi Power Ltd.(Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Biomass market by Type , by Application (Fuels, Construction, Recycling, Pulp & Paper, Furniture, Biogas, Animal Feed, Fertilizer and Anaerobic Digestion) and Region with country level break-up.
On the basis of geography, the market of Biomass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In March 2023, Mitsubishi Heavy Industries, Ltd., and PT. PLN Nusantara Power has signed a Memorandum of Understanding (MoU) to begin three technical studies related to co-firing of less carbon-intensive fuels at Nusantara Power plants. This MoU builds on a previous agreement signed in November 2022 with PLN Group company PT. PLN Indonesia Power and will contribute to the implementation of solutions to accelerate the decarbonization of Indonesia's energy systems.
In janaury 2025, Nan Ya Plastics and Mitsui Chemicals have initiated efforts to develop the market for biomass-based plastic products. This collaboration involves procuring biomass-based acetone to manufacture biomass-derived bisphenol A (BPA) in Taiwan, aiming to produce eco-friendly plastics and reduce greenhouse gas emissions
Influencing Trend:
Increasing awareness about renewable power generation
Market Growth Drivers:
Rising environmental concerns and Rising investments in renewable power generation capacity
Challenges:
High capital expenditures
Restraints:
Presence of alternative renewable energy sources
Opportunities:
Technological advancements in waste-to-energy processes and Sustainable Waste Management
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others