Biomass Power Generation Market by Feedstock and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR43611

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The biomass power generation market size is expected to grow by 39.21 GW and record a CAGR of 5% during 2020-2024.

This post-pandemic global biomass power generation market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this biomass power generation market analysis report, key drivers such as growing need for cleaner energy have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges that will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Biomass Power Generation Market Size be in 2020?


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Who are the Key Vendors in the Biomass Power Generation Market?

The biomass power generation market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:


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


The biomass power generation market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This biomass power generation market report further entails segmentations by feedstock (solid biomass, biogas, municipal solid waste, and liquid biomass) and geography (APAC, Europe, North America, MEA, and South America). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.


Which are the Key Regional Markets for Biomass Power Generation Market?


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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the biomass power generation market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The adoption of biomass in fuel cell technology will significantly influence biomass power generation market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

50% 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 the region. This report provides estimations of the contribution of all regions to the growth of the biomass power generation market size.


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

  • CAGR of the market during the forecast period 2020-2024
  • 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

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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.


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 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



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


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The biomass power generation market growth will increase by $39.21 GW during 2019-2024.
The biomass power generation market is expected to grow at a CAGR of 5.39% during 2019-2024.
Technavio has segmented the biomass power generation market by other1 volume (Solid biomass, Biogas, Municipal solid waste, and Liquid biomass) and geographic (APAC, Europe, North America, MEA, and South America).
Acciona SA, Ameresco Inc., Andritz AG, Babcock & Wilcox Enterprises Inc., E.ON SE, General Electric Co., John Wood Group Plc, Thermax Ltd., Valmet Oyj, Vattenfall AB are a few of the key vendors in the biomass power generation market.
APAC will register the highest growth rate of 49.94% among the other regions. Therefore, the biomass power generation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the biomass power generation market growth are:
  • Growing need for cleaner energy
  • Advances in technology
The biomass power generation market vendors should focus on grabbing business opportunities from the solid biomass segment as it accounted for the largest market share in the base year.
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