Biomass Power Generation Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Biomass Power Generation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Biomass Power Generation Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant increase in the size of the biomass power generation market. The market value will rise from $59.72 billion in 2024, reaching an impressive $63.87 billion in 2025 with a compound annual growth rate (CAGR) set at 6.9%. Factors like government legislations and incentives, worries over energy security, environmental regulations, advancements in technology, and initiatives toward waste management are accountable for this upward trend experienced throughout the historic period.

In the ensuing years, the biomass power generation market size is projected to experience substantial growth. Its increase in value is anticipated to reach $78.81 billion in 2029 with a compound annual growth rate (CAGR) of 5.4%. The growth during the forecast period can be associated with renewable energy objectives, circular economy strategies, financial leverages and subsidies, advancements in biomass conversion technologies, and a growing demand for sustainable energy alternatives. Key trends in the forecast period encompass growth of co-firing practices, incorporation of energy storage solutions, proliferation of distributed biomass power generation, the emergence of biomass co-products, and the utilisation of advanced control and automation systems.

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How Are Emerging Segments Shaping the Biomass Power Generation Market Landscape?
The biomass power generation market covered in this report is segmented -

1) By Feedstock: Woody Biomass, Agriculture And Forest Residues, Biogas And Energy Crops, Urban Residues, Landfill Gas (LFG) Feedstock
2) By Technology: Anaerobic Digestion, Combustion, Gasification, Co-firing And CHP, Landfill Gas (LFG)
3) By End-User: Commercial, Industrial, Residential

Subsegments:
1) By Woody Biomass: Wood Chips, Wood Pellets, Sawdust, Wood Logs, Bark
2) By Agriculture And Forest Residues: Crop Residues, Forest Residues, Agricultural Waste
3) By Biogas And Energy Crops: Biogas, Energy Crops
4) By Urban Residues: Municipal Solid Waste (MSW), Yard Waste, Paper Waste, Food Waste
5) By Landfill Gas (LFG) Feedstock: Methane from Landfill Gas

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Which Growth Factors Are Influencing Biomass Power Generation Market Expansion?
The anticipated expansion of the biomass power generation market is attributed to government initiatives promoting biomass power generation. Such initiatives are structured actions, strategies, or guidelines employed by the government to address certain problems, meet objectives, or meet the requirements of its populace. To stimulate the founding and functioning of biomass power plants, governments from large nations provide financial rewards like grants, subsidies, or tax incentives. These benefits alleviate the financial strain on investors and render biomass ventures more financially feasible. For example, the International Energy Agency, an independent intergovernmental organization based in France, reported in June 2023 that governments have committed USD 1.34 trillion to clean energy ventures, representing a nearly 25% increase from 2021 to 2023 in their June 2023 update of the IEA Government Energy Spending Tracker. This surpasses the growth of investments in fossil fuels over the same timeframe. Thus, government initiatives in favor of biomass power generation are fueling the growth of the biomass power generation market.

Who Are the Dominant Players Across Different Biomass Power Generation Market Segments?
Major companies operating in the biomass power generation market are E.ON SE, ENGIE SA, Siemens AG, General Electric Company, Veolia Environnement SA, Mitsubishi Heavy Industries Ltd., ALSTOM Holdings, Dalkia by EDF Group, Drax Group PLC, Rockwell Automation Inc., MVV Energie AG, John Wood Group, Valmet Corporation, Alfa Laval, Aker Solutions, MEIDENSHA CORPORATION, Ameresco Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises Inc., EnviTec Biogas AG, Vattenfall AB, WELTEC BIOPOWER GmbH, KASAG Swiss AG, Beltran Technologies Inc., Volue

What Biomass Power Generation Market Trends Are Gaining Traction Across Different Segments?
Prominent firms in the biomass power generation market are leveraging strategic collaborations to maintain a competitive position. Such partnerships grant numerous advantages, boosting the accomplishments and endurance of initiatives in this energy sector of biomass power generation. For example, in April 2023, Marubeni Corporation, a trade company based in Japan, formed a strategic alliance with Taisei Corporation, a Japanese property development firm. This collaboration ignited the construction of the Ishikari Area Biomass Power Plant in Ishikari City, Hokkaido, with a projected power output of 9,950 kW. In addition, in December 2023, Air Burners, an American manufacturer of air curtain burner systems for biomass waste management, joined forces with Rolls-Royce, a UK luxury car producer, and Volvo, a Swedish auto manufacturer. Through this purposeful cooperation with Volvo and Rolls Royce, Air Burners introduced BioCharger, a mobile device transforming biomass waste into energy. The machine is designed to proficiently change biomass garbage into power, offering off-grid energy solutions for a range of uses.

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Which Geographic Regions Are Expected to Dominate the Biomass Power Generation Market in the Coming Years?
Europe was the largest region in the biomass power generation market in 2024. The regions covered in the biomass power generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biomass Power Generation Market?
2. What is the CAGR expected in the Biomass Power Generation Market?
3. What Are the Key Innovations Transforming the Biomass Power Generation Industry?
4. Which Region Is Leading the Biomass Power Generation Market?

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