Global Biomass Power Generation Market Size By Technology (Combustion, Gasification, Anaerobic Digestion), By Feedstock (Agricultural Waste, Forest Waste, Animal Waste), By Fuel (Solid, Liquid), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBiomass Power Generation Market Size And Forecast
Biomass Power Generation Market size was valued at USD 86 Billion in 2021 and is projected to reach USD 112.2 Billion by 2030, growing at a CAGR of 3% from 2023 to 2030.
We're using more and more energy these days, which means we're burning through tons of hydrocarbons to keep the lights on. And let's face it, those old-school fuels are dwindling fast. That's why everyone from researchers to world leaders is turning to green and renewable energy. Biomass is a big one – it's got a tiny carbon footprint. It basically turns our trash into electricity, which is awesome because it helps break down waste and stops people from dumping garbage illegally. Want the scoop on the whole scene? The Global Biomass Power Generation Market report gives you the full picture – a deep dive into the important parts, what's hot, what's not, who's competing, and everything else that matters in the market.
Global Biomass Power Generation Market Definition
Biomass power generation? Think of it as taking stuff like wood scraps, leftover crops, and special energy plants and turning them into electricity or heat. Basically, we gasify or burn this stuff to make steam, which then spins a turbine to create power or provides heat for all sorts of uses. The cool thing is that biomass is a pretty good option. It uses organic materials renewable resources, so we don't have to rely so much on fossil fuels, and it helps cut down on those pesky greenhouse gases. Plus, it gives us a way to use up all that waste from farms and forests, promoting ESG friendly waste management. Pretty neat, huh?
Plus, biomass power plants can provide steady, reliable electricity, which really helps keep the power grid stable and makes our energy supply more secure. The market for making electricity from biomass is super diverse! It includes all sorts of technologies and plant sizes. Think of small biomass boilers heating homes and businesses, all the way up to massive power plants churning out energy for the grid. When we talk about the Biomass Power Generation Market, we're talking about lots of different technologies, the stuff they use as fuel (feedstock), and the different types of fuel they create. For example, there's combustion where you just burn the biomass. Then there's gasification, which makes something called syngas. Anaerobic digestion uses tiny microorganisms to create biogas. And finally, there's pyrolysis, which breaks down the biomass with heat to make bio-oil, biochar, and even more syngas.
Feedstock sources comprise agricultural waste, forest waste, animal waste, and municipal waste. Agricultural waste includes crop residues, while forest waste consists of logging residues and sawdust. Animal waste includes livestock manure, and municipal waste includes organic waste from households and businesses. Fuel options consist of solid biomass like wood pellets, liquid biomass in the form of bio-oil or bioethanol, and gaseous biomass such as biogas or syngas. The Biomass Power Generation Market is diverse, driven by renewable energy demand, policy support, and sustainable waste management goals.
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Global Biomass Power Generation Market Overview
You know, when it comes to the Biomass Power Generation Market, a big push comes from governments trying to get more bioenergy produced. Governments around the globe are setting up policies, regulations, and support systems to get more bioenergy projects off the ground. Take China, for instance. They're a prime example of how government action can really shape the bioenergy sector. They've put in place a bunch of national-level regulations and policies aimed at boosting bioenergy's growth. Think about laws like “The Renewable Energy Law,” which basically creates a legal foundation for renewable energy development. Plus, they've got plans like the “11th Five-Year Plan” and “13th Five-Year Plan” that are specifically focused on growing biomass energy. And it's not just broad policies; China has also issued specific notices and work plans to provide even more support for biomass power generation.
For instance, the “Notice on Improving the Price Policies for Agroforestry Biomass Power Generation” focuses on pricing mechanisms to incentivize biomass power generation. The recent “Biomass Power Generation Project Construction Work Plan” introduced in 2021 further demonstrates the government’s commitment. This initiative has allocated substantial financial support of USD 3.5 billion from local and central governments to facilitate the construction of biomass power generation projects. Governments worldwide have introduced feed-in tariffs, renewable energy targets, tax incentives, grants, and other financial support mechanisms to encourage the adoption of biomass power generation.
Okay, so the cost of biomass feedstocks is a real pain point for the Biomass Power Generation Market. The prices jump around a lot, which makes it hard to predict if a biomass power plant will actually be profitable. Another tricky bit? You really need consistent, high-quality feedstock to keep the plant humming along and producing lots of power. But that’s easier said than done! Biomass is... well, it's biomass. Agricultural residues, energy crops, logging residues - they all grow differently and need harvesting at different times. That means getting raw materials to the plant "just in time" is often impossible. Instead, we're stuck with storing and hauling the biomass, which adds all sorts of logistical headaches and can even lead to losses from things like microbes eating it or, worse, fire! However, good news! Advancements in biomass power generation techniques present significant opportunities for the industry.
Hey, things are looking up in the world of biomass energy! We're seeing some cool improvements across the board, which is helping to bring costs down and boost efficiency. Think about itthe way we harvest and handle biomass after it's harvested is getting smarter and more efficient. That means we're collecting feedstock in a way that doesn't break the bank and makes biomass power projects way more realistic. But it's not just about harvesting! We're also getting better at turning biomass into energy. New and improved fuel processing technologies are making biomass fuels higher quality and packing more of a punch. Plus, all sorts of advancements in BEC and end-user tech are seriously bumping up the overall efficiency and performance of these systems.
Global Biomass Power Generation Market Segmentation Analysis
The Global Biomass Power Generation Market is segmented on the basis of Technology, Feedstock, Fuel, and Geography.
Biomass Power Generation Market, By Technology
- Combustion
- Gasification
- Anaerobic Digestion
- Pyrolysis
Based on Technology, the market is segmented into Combustion, Gasification, Anaerobic Digestion, and Pyrolysis. The combustion segment is expected to be the largest in the Biomass Power Generation Market during the forecast period. Combustion is a well-established and conventional method used for generating electricity from biomass.
One of the key factors driving the combustion segment’s growth is the implementation of co-firing policies by governments. Co-firing involves blending biomass with traditional fossil fuels, such as coal, in existing power plants. This practice helps reduce greenhouse gas emissions and diversify the energy mix by utilizing renewable biomass resources alongside fossil fuels. Government policies and incentives promoting co-firing have created a favorable market environment for the combustion segment in biomass power generation.
Biomass Power Generation Market, By Feedstock
- Agricultural Waste
- Forest Waste
- Animal Waste
- Municipal Waste
Based on Feedstock, the market is segmented into Agricultural Waste, Forest Waste, Animal Waste, and Municipal Waste. Agricultural waste holds significant potential for biomass power generation due to its energy efficiency. Compared to other types of waste, agricultural residues often possess higher energy content and can be effectively utilized for electricity generation.
These residues are abundant and readily available in agricultural regions, making them an attractive feedstock for biomass power plants. Sugar crops, corn crops, and other agricultural residues can be converted into biomass fuel, such as pellets or chips, which are then used in combustion or gasification processes to generate electricity. The utilization of agricultural waste for biomass power generation helps in reducing waste disposal problems and contributes to sustainable waste management practices.
Biomass Power Generation Market, By Fuel
- Solid
- Liquid
- Gaseous
Based on Fuel, the market is segmented into Solid, Liquid, and Gaseous. The solid biofuel segment holds a dominant position in the Biomass Power Generation Market. This segment’s prominence can be attributed to the easy availability and low cost of solid biofuels, which have led to their widespread adoption for power generation applications. Solid biofuels, such as wood pellets, agricultural residues, and forestry waste, are readily accessible and can be sourced from various biomass feedstocks. Their abundance and cost-effectiveness make them an attractive option for biomass power generation.
Solid biofuels offer a sustainable and renewable alternative to fossil fuels, reducing greenhouse gas emissions and promoting environmental sustainability. In contrast, liquid biofuels, such as biodiesel, are considered an energy-efficient substitute for conventional fossil fuels. They contribute to energy security by reducing reliance on finite fossil fuel resources. Liquid biofuels can be used in large quantities, either on their own or in blends with conventional fuels, particularly in transportation applications. However, the current production capacity of biodiesel is unable to meet the demand, limiting its wider adoption.
Biomass Power Generation Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on Regional Analysis, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is projected to be the fastest-growing region in the Biomass Power Generation Market, with the Middle East and Africa, and Europe following suit. This growth is driven by increasing investments in bioenergy projects and a focus on integrating renewable energy into national grids.
The Asia Pacific region is witnessing significant developments in biomass power generation due to several factors. Countries in the region are recognizing the importance of renewable energy to reduce dependence on fossil fuels and mitigate climate change. Governments are implementing supportive policies, such as feed-in tariffs and renewable energy targets, to encourage the deployment of biomass power plants.
Key Players
The “Global Biomass Power Generation Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ENGIE, Babcock & Wilcox Enterprises, Xcel Energy Inc., Salzburg AG, EPH, Drax Group, Belgian Eco Energy, LLC, ACCIONA, EDF, Vattenfall, D.E.S.I Power, Statkraft, GRETA ENERGY LIMITED, Lahti Energia Oy, RENOVA, INC., RWE, VEOLIA, and Yonago Biomass Power Generation LLC.
Our market analysis provides in-depth information on key players, including information on their financial statements, product portfolios, product benchmarking, and SWOT analyses. Along with market share research, important development strategies, recent advancements, and market ranking analysis of the aforementioned competitors globally are also included in the competitive landscape section.
Key Developments
- In November 2022, To build and operate a new thermal energy generation plant from sustainable forest management in Roselló’s business, which specializes in producing paper for the building and packaging industries (Lleida), ENGIE and a paper recycling expert named Alier inked a contract. in November 2022.
- In March 2021, Salzburg AG signed a contract with Valmet, a global developer, and supplier of technologies, systems, and services for the pulp and paper, and energy industries. Salzburg AG ordered Valmet for the BioPower plant in Austria, which uses biomass to produce electricity.
- In March 2021, A Memorandum of Understanding (MOU) to study methods to support the development of carbon capture and storage in biomass-fired heat and power plants in Denmark was signed by Ørsted, Aker Carbon Capture, and Microsoft.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2018-2030 |
Base Year | 2021 |
Forecast Period | 2023-2030 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Key Companies Profiled | ENGIE, Babcock & Wilcox Enterprises, Xcel Energy Inc., Salzburg AG, EPH, Drax Group, Belgian Eco Energy, LLC, ACCIONA, EDF, Vattenfall, D.E.S.I Power, Statkraft, GRETA ENERGY LIMITED, Lahti Energia Oy. |
Segments Covered | By Technology, By Feedstock, By Fuel, and By Geography. |
Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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