Global Biomass Electricity Market to Reach $75.71 Billion by 2029, Growing at 5.8% CAGR

"Which drivers are expected to have the greatest impact on the over the biomass electricity market's growth?
Government support, in the form of various subsidies and policies, is a major factor contributing to the expansion of the biomass electricity market. This is largely due to heightened awareness of climate change and the detrimental effects of greenhouse gas emissions from burning fossil fuels like coal and oil. Consequently, new government policies are being introduced to promote sustainable power generation. For example, in India, the Ministry of New and Renewable Energy, via its National Biogas and Manure Management Programme (NBMMP), offers financial assistance for establishing family-style biogas plants, primarily for rural and semi-urban households. The State Nodal Departments/State Nodal Agencies, Khadi and Village Industries Commission (KVIC), and Biogas Development and Training Centers (BDTCs) implement this program, which caters up to Rs. 17,000 ($230) in subsidies for the construction of biogas plants.

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What is the future CAGR of the biomass electricity market, and how will it impact industry expansion?
The market size of biomass electricity has seen robust growth over the past few years. It continues its advancement from a value of $56.53 billion in 2024, soaring to $60.39 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.8%. The substantial growth during the historic period can be credited to the development of emerging markets, government incentives, a low-interest rate environment, and the significant environmental impact of traditional power generation sources.

In the ensuing years, the biomass electricity market is projected to experience significant growth, reaching a valuation of $75.71 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%. This expansion during the forecast period can be traced back to factors such as the growth of global population and urbanization, increased investments in renewable energy production, efforts to decrease reliance on foreign oil, and the exploration of alternative power generation sources. Some key trends forecast for this period comprise the implementation of bioenergy carbon capture and storage processes to lower emissions, retrofitting traditional boilers to boost efficiency and decrease carbon emissions, the use of anaerobic digestion plants to minimize emissions, injecting capital and innovation into new waste-to-energy technologies, prioritizing service offering via digital marketplaces, and the integration of artificial intelligence in improving biomass preprocessing.

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What are the most significant trends transforming the biomass electricity market today?
Organizations in the biomass electricity market are innovating with novel ways to generate electric power through the introduction of new hybrid biogas plants that integrate biogas with other renewable energy resources such as solar. Coupling solar energy with biogas leads to a decrease in operational costs and labor associated with managing waste outputs from farms. Keeping in line with this trend, in August 2023, a fresh biogas power plant commenced operations in Sagamihara, Japan. This plant, on an annual basis, produces 1.9 million Nm3 biogas from pig feed waste and food waste via the anaerobic digestion process. Additionally, this plant uses a combined heat and power (CHP) system to generate electricity along with heat, which is provided to the grid and also used for the processing tasks within the plant.

Which key market segments comprise the biomass electricity market and drive its revenue growth?
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

Subsegments:
1) By Solid Biomass: Wood Pellets, Agricultural Residues, Wood Chips, Energy Crops
2) By Biogas: Anaerobic Digestion Products, Landfill Gas, Wastewater Treatment Biogas
3) By Municipal Solid Waste: Organic Waste, Recyclable Materials, Non-recyclable Residuals
4) By Liquid Biomass: Biodiesel, Bioethanol, Other Biofuels

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What regions are at the forefront of biomass electricity market expansion?
Western Europe was the largest region in the biomass electricity market in 2024. Asia-Pacific was the second-largest region in the global biomass market analysis. The regions covered in the biomass electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the biomass electricity market?
Major companies operating in the biomass electricity market include 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, Enercon, Nordez, Repower, Wartsila Corporation, Suez Water, 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, Sonangol Group

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What Is Covered In The Biomass Electricity Global Market Report?

•Market Size Forecast: Examine the biomass electricity market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the biomass electricity market for a structured understanding.
•Key Players Overview: Analyze major players in the biomass electricity market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biomass electricity market.
•Segment Contributions: Evaluate how different segments drive overall growth in the biomass electricity market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biomass electricity market.
•Industry Challenges: Identify potential risks and obstacles affecting the biomass electricity market.
•Competitive Landscape: Review strategic developments in the biomass electricity market, including expansions, agreements, and new product launches.

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