Biomass Power Generation Market by Feedstock and Geography - Forecast and Analysis 2021-2025

Published: Jul 2021 Pages: 120 SKU: IRTNTR43611

The biomass power generation market share is expected to increase by 32.94 gigawatts from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.64%.

This biomass power generation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biomass power generation market segmentation by market landscape (solid biomass, biogas, municipal solid waste, and liquid biomass) and geography (APAC, Europe, North America, MEA, and South America). The biomass power generation market report also offers information on several market vendors, including Acciona SA, Ameresco Inc., Andritz AG, Babcock and Wilcox Enterprises Inc., E.ON UK plc., General Electric Co., John Wood Group Plc, Thermax Ltd., Valmet Oyj, and Vattenfall AB among others.

What will the Biomass Power Generation Market Size be During the Forecast Period?

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Biomass Power Generation Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing need for cleaner energy is notably driving the biomass power generation market growth, although factors such as increased project and feedstock costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biomass power generation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biomass Power Generation Market Driver

One of the key factors driving growth in the biomass power generation market is the growing need for cleaner energy. The burning of fossil fuels such as oil and coal has been a major contributor to the rising levels of GHGs in the atmosphere and the resulting climate change. This challenge can be addressed by replacing fossil fuels with renewable energy resources, such as biomass, geothermal, solar power, wind power, and hydropower, in power generation. The increasing energy demand, clean energy initiatives, and subsidies granted for power generation using sustainable sources promote the use of renewable energy sources. Governments of various countries are undertaking several initiatives to mitigate GHG emissions. Many countries are shifting their focus from conventional fuels to renewables to reduce the emission of hazardous gases that affect the environment. Biomass is a renewable energy source and is more abundant than fossil fuels. The harvest of biomass crops, which can be later used as renewable energy resources, can balance the CO2 content released into the atmosphere as these crops absorb the released CO2 for their growth. The continuous use of cleaner biomass energy and fuels can help control the emission of GHGs and CO2, which would minimize the effects of global warming.

Key Biomass Power Generation Market Trend

The advances in technology is another factor supporting the biomass power generation market share growth. The global biomass power generation market is witnessing considerable advancements in the practices involved in biomass energy production. The production costs of biomass energy have been reduced due to the development of enhanced harvesting and post-harvesting technologies. Biomass energy conversion can be technologically improved using multiple ways, such as employing enhanced fuel processing technologies, enhancing the efficiency of biomass energy conversion technologies, and improving the efficiency of end-user technologies. Complex tasks in the renewable energy sector are increasingly automated. Automation optimizes performance, saves time, and increases productivity. An online-based software known as biomass co-firing assessment and services (BCAS) has emerged, which integrates the basic properties of combustion and mineral matter transformation and improves biomass power plant operations. Such technological advances are expected to have a profound effect on the efficiency of biomass power plants and are expected to drive market growth.

Key Biomass Power Generation Market Challenge

The increased project and feedstock costs will be a major challenge for the biomass power generation market during the forecast period. Though biomass power-generation technologies will become more efficient in the long term, the initial investments and the cost of equipment are high. The cost and efficiency of biomass power generation equipment vary according to the technology, region, and nature of the feedstock. The prime mover, feedstock preparation, feedstock conversion technology, and handling machinery account for almost two-thirds of the capital costs of biomass power generation technologies. Biomass power plants run at a maximum capacity, which can generate at least twice the plant load factor than that of wind power and solar power. However, it comes at higher operational costs. Biomass power producers are also facing challenges due to the high costs of fuel coupled with the high expenses of handling and logistics of feedstocks and products. The increase in the cost of generating biomass power has been a significant challenge to the growth of the global biomass power generation market.

This biomass power generation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global biomass power generation market as a part of the global utilities market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biomass power generation market during the forecast period.

Who are the Major Biomass Power Generation Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Acciona SA
  • Ameresco Inc.
  • Andritz AG
  • Babcock and Wilcox Enterprises Inc.
  • E.ON UK plc.
  • General Electric Co.
  • John Wood Group Plc
  • Thermax Ltd.
  • Valmet Oyj
  • Vattenfall AB

 

This statistical study of the biomass power generation market encompasses successful business strategies deployed by the key vendors. The biomass power generation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Acciona SA - The company offers biomass power generation under the brand name Acciona.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The biomass power generation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Biomass Power Generation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the biomass power generation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the utilities market includes the following core components:

  • Electricity generation
  • Electricity transmission
  • Electricity distribution
  • End-customers
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Biomass Power Generation Market?

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51% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for biomass power generation in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Countries such as China, India, Japan, Thailand, South Korea, and Indonesia are increasingly focused on the adoption of biomass for carbon-neutral power generation. This will facilitate the biomass power generation market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the biomass power generation market in APAC witnessed a negative impact owing to the outbreak of COVID-19. The rising number of cases in the region compelled government authorities to impose lockdowns, which led to a temporary halt in the construction of new biomass power generation plants. However, the resumption of industrial activities by following proper sanitation guidelines and the initiation of vaccination drives are major factors that will propel the growth of the regional market during the forecast period.

What are the Revenue-generating Market Landscape Segments in the Biomass Power Generation Market?

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The biomass power generation market share growth by the solid biomass segment will be significant during the forecast period. Coal-based power generation results in the release of high greenhouse gas (GHG) emissions, due to which the demand for clean and efficient coal-fired power generation plants is high. The pre-mixing of coal with solid biomass produces a new kind of fuel that can be used in existing coal-fired boilers. Co-firing of solid biomass decreases the dependence of power plants on fossil fuels entirely and reduces the waste ash content and harmful sulfur and carbon emissions.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biomass power generation market size and actionable market insights on post COVID-19 impact on each segment.

 

Biomass Power Generation Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.64%

Market growth 2021-2025

32.94 GW

Market structure

Fragmented

YoY growth (%)

3.21

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 51%

Key consumer countries

China, US, Brazil, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acciona SA, Ameresco Inc., Andritz AG, Babcock and Wilcox Enterprises Inc., E.ON UK plc., General Electric Co., John Wood Group Plc, Thermax Ltd., Valmet Oyj, and Vattenfall AB

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biomass Power Generation Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive biomass power generation market growth during the next five years
  • Precise estimation of the biomass power generation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the biomass power generation industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of biomass power generation market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

 

***1. Executive Summary                        

***2. Market Landscape                          

              **2.1 Market ecosystem            

                             *Exhibit 01:  Parent market

              **2.2    Market characteristics  

                             *Exhibit 02:  Market Characteristics

              **2.3    Value chain analysis      

                             *Exhibit 03:  Value chain analysis: Electric utilities market

                             *2.3.1   Electricity generation

                             *2.3.2   Electricity transmission

                             *2.3.3   Electricity distribution

                             *2.3.4   End-customers

                             *2.3.5   Industry innovations

***3. Market Sizing                     

              **3.1 Market definition

                             *Exhibit 04:  Offerings of vendors included in the market definition

              **3.2 Market segment analysis 

                             *Exhibit 05:  Market segments

              **3.3 Market size 2020 

              **3.4 Market outlook: Forecast for 2020 - 2025 

                             *Exhibit 06:  Global - Market size and forecast 2020 - 2025 (GW)

                             *Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis                        

              **4.1 Five Forces Summary       

                             *Exhibit 08: Five forces analysis 2020 & 2025

              **4.2 Bargaining power of buyers          

                             *Exhibit 09: Bargaining power of buyers

              **4.3 Bargaining power of suppliers      

                             *Exhibit 10: Bargaining power of suppliers

              **4.4 Threat of new entrants    

                             *Exhibit 11: Threat of new entrants

              **4.5 Threat of substitutes        

                             *Exhibit 12: Threat of substitutes

              **4.6 Threat of rivalry  

                             *Exhibit 13: Threat of rivalry

              **4.7 Market condition

                             *Exhibit 14:  Market condition - Five forces 2020

***5. Market Segmentation by Feedstock                        

              **5.1 Market segments

                             *The segments covered in this chapter are:

  • *Solid biomass
  • *Biogas
  • *Municipal solid waste
  • *Liquid biomass

                             *Exhibit 15:   - Market share 2020-2025 (%)

              **5.2    Comparison by segment             

                             *Exhibit 16:  Comparison by segment

              **5.3    Solid biomass - Market size and forecast 2020-2025        

                             *Exhibit 17:  Solid biomass - Market size and forecast 2020-2025 (GW)

                             *Exhibit 18:  Solid biomass - Year-over-year growth 2020-2025 (%)

              **5.4    Biogas - Market size and forecast 2020-2025      

                             *Exhibit 19:  Biogas - Market size and forecast 2020-2025 (GW)

                             *Exhibit 20:  Biogas - Year-over-year growth 2020-2025 (%)

              **5.5    Municipal solid waste - Market size and forecast 2020-2025             

                             *Exhibit 21:  Municipal solid waste - Market size and forecast 2020-2025 (GW)

                             *Exhibit 22:  Municipal solid waste - Year-over-year growth 2020-2025 (%)

              **5.6    Liquid biomass - Market size and forecast 2020-2025      

                             *Exhibit 23:  Liquid biomass - Market size and forecast 2020-2025 (GW)

                             *Exhibit 24:  Liquid biomass - Year-over-year growth 2020-2025 (%)

              **5.7    Market opportunity by feedstock            

                             *Exhibit 25:  Market opportunity by feedstock

***6. Customer landscape                       

                             *Exhibit 26:  Customer landscape

***7. Geographic Landscape                   

              **7.1 Geographic segmentation

                             *The regions covered in the report are:

  • *Europe
  • *North America
  • *APAC
  • *South America
  • *MEA

                             *Exhibit 27:  Market share by geography 2020-2025 (%)

              **7.2 Geographic comparison  

                             *Exhibit 28:  Geographic comparison

              **7.3    APAC - Market size and forecast 2020-2025        

                             *Exhibit 29:  APAC - Market size and forecast 2020-2025 (GW)

                             *Exhibit 30:  APAC - Year-over-year growth 2020-2025 (%)

              **7.4    Europe - Market size and forecast 2020-2025     

                             *Exhibit 31:  Europe - Market size and forecast 2020-2025 (GW)

                             *Exhibit 32:  Europe - Year-over-year growth 2020-2025 (%)

              **7.5    North America - Market size and forecast 2020-2025      

                             *Exhibit 33:  North America - Market size and forecast 2020-2025 (GW)

                             *Exhibit 34:  North America - Year-over-year growth 2020-2025 (%)

              **7.6    MEA - Market size and forecast 2020-2025          

                             *Exhibit 35:  MEA - Market size and forecast 2020-2025 (GW)

                             *Exhibit 36:  MEA - Year-over-year growth 2020-2025 (%)

              **7.7    South America - Market size and forecast 2020-2025      

                             *Exhibit 37:  South America - Market size and forecast 2020-2025 (GW)

                             *Exhibit 38:  South America - Year-over-year growth 2020-2025 (%)

              **7.8    Key leading countries    

                             *Exhibit 39:  Key leading countries

              **7.9    Market opportunity by geography          

                             *Exhibit 40:  Market opportunity by geography (GW)

***8. Drivers, Challenges, and Trends                 

              **8.1    Market drivers 

                             *8.1.1   Growing need for cleaner energy

                             *8.1.2   Increased government support

                             *8.1.3   Increasing demand for constant energy supply

              **8.2 Market challenges             

                             *8.2.1   Increased project and feedstock costs

                             *8.2.2   Rising competition from alternative energy sources

                             *8.2.3   Decline in crude oil prices

                             *Exhibit 41:  Impact of drivers and challenges

              **8.3 Market trends     

                             *8.3.1   Advances in technology

                            *8.3.2   Increase in use of wood biomass for distributed energy generation

                             *8.3.3   The rise in the adoption of biomass co-firing

***9. Vendor Landscape                          

              **9.1    Overview           

                             *Exhibit 42:  Vendor landscape

              **9.3    Landscape disruption    

                             *Exhibit 43:  Landscape disruption

                             *Exhibit 44:  Industry risks

***10. Vendor Analysis              

              **10.1 Vendors covered             

                             *Exhibit 45:  Vendors covered

              **10.2 Market positioning of vendors   

                             *Exhibit 46:  Market positioning of vendors

              **10.3  Acciona SA        

                             *Exhibit 47:  Acciona SA - Overview

                             *Exhibit 48:  Acciona SA - Business segments

                             *Exhibit 49:  Acciona SA - Key offerings

                             *Exhibit 50:  Acciona SA - Segment focus

              **10.4  Ameresco Inc.  

                             *Exhibit 51:  Ameresco Inc. - Overview

                             *Exhibit 52:  Ameresco Inc. - Business segments

                             *Exhibit 53:  Ameresco Inc. - Key offerings

                             *Exhibit 54:  Ameresco Inc. - Segment focus

              **10.5  Andritz AG        

                             *Exhibit 55:  Andritz AG - Overview

                             *Exhibit 56:  Andritz AG - Business segments

                             *Exhibit 57:  Andritz AG - Key offerings

                             *Exhibit 58:  Andritz AG - Segment focus

              **10.6  Babcock and Wilcox Enterprises Inc.       

                             *Exhibit 59:  Babcock and Wilcox Enterprises Inc. - Overview

                             *Exhibit 60:  Babcock and Wilcox Enterprises Inc. - Business segments

                             *Exhibit 61:  Babcock and Wilcox Enterprises Inc. - Key offerings

                             *Exhibit 62:  Babcock and Wilcox Enterprises Inc. - Segment focus

              **10.7  E.ON UK plc.

                            *Exhibit 63:  E.ON UK plc.  - Overview    

                            *Exhibit 64:  E.ON UK plc.  - Product and service

                            *Exhibit 65: E.ON UK plc.  - Key news     

                            *Exhibit 66:  E.ON UK plc.  - Key offerings            

              **10.8  General Electric Co.       

                             *Exhibit 67:  General Electric Co. - Overview

                             *Exhibit 68:  General Electric Co. - Business segments

                             *Exhibit 69:  General Electric Co. - Key offerings

                             *Exhibit 70:  General Electric Co. - Segment focus

              **10.9  John Wood Group Plc    

                             *Exhibit 71:  John Wood Group Plc - Overview

                             *Exhibit 72:  John Wood Group Plc - Business segments

                             *Exhibit 73:  John Wood Group Plc - Key offerings

                             *Exhibit 74:  John Wood Group Plc - Segment focus

              **10.10  Thermax Ltd.  

                             *Exhibit 75:  Thermax Ltd. - Overview

                             *Exhibit 76:  Thermax Ltd. - Business segments

                             *Exhibit 77:  Thermax Ltd. - Key news

                             *Exhibit 78:  Thermax Ltd. - Key offerings

                             *Exhibit 79:  Thermax Ltd. - Segment focus

              **10.11  Valmet Oyj      

                             *Exhibit 80:  Valmet Oyj - Overview

                             *Exhibit 81:  Valmet Oyj - Business segments

                             *Exhibit 82:  Valmet Oyj - Key offerings

                             *Exhibit 83:  Valmet Oyj - Segment focus

              **10.12  Vattenfall AB  

                             *Exhibit 84:  Vattenfall AB - Overview

                             *Exhibit 85:  Vattenfall AB - Business segments

                             *Exhibit 86:  Vattenfall AB - Key offerings

                             *Exhibit 87:  Vattenfall AB - Segment focus

***11. Appendix                          

              **11.1 Scope of the report        

                             *11.1.1 ????Market definition

                             *11.1.2 Objective

                             *11.1.3 Notes and caveats

              **11.2 Currency conversion rates for US$           

                             *Exhibit 88:  Currency conversion rates for US$

              **11.3 Research Methodology  

                             *Exhibit 89:  Research Methodology

                             *Exhibit 90:  Validation techniques employed for market sizing

                             *Exhibit 91:  Information sources

              **11.4 List of abbreviations       

                             *Exhibit 92:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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