Biomass Power Generation Market Size, Share and Global Trend By Technology (Combustion, Pyrolysis, Gasification, Anaerobic Digestion, Landfill gas(LFG), Others), By Feedstock (Urban residue, Municipal Solid Waste (MSW), Agricultural and forest residue, Energy crops, Woody biomass, Others), By End-use Industry (Industrial, Residential & Commercial, Utilities), and Regional Forecast, 2024-2032

The ever increasing demand for energy has intensified the consumption of hydrocarbons for the production of electricity. The conventional fuels are on the verge of extinction due to enormous consumption. Thus, world leaders and researchers are focussing on renewable and green energy. Biomass is one of the major sources of renewable energy with minimum carbon emission. It mainly uses the waste leftovers to generate power which not only decomposes the waste/garbage but also resolves the serious garbage dumping problem. The power generation by using biomass is considered as carbon neutral or carbon emission is much lower as compared to other sources. Due to its easy availability biomass is majorly used across the world for cooking and heating. Apart from this biomass is used for electricity generation, space heating, cooking and in the industry as a fossil fuel for generating heat.

On the basis of technology, the global biomass power generation market can be segmented into combustion, gasification, anaerobic digestion, pyrolysis, landfill gas (LFG), and others. In combustion, the waste is directly combusted in the combustion chamber to generate heat whereas in gasification process partial combustion, pressure, and heat are used to create syngas. Decomposition of waste in the absence of oxygen is done in the pyrolysis which is a precursor to the gasification process.

On the basis of feedstock, the biomass power generation market is segmented into urban residue, municipal solid waste, agricultural & forest residue, energy crops, woody biomass, and others. On the basis of the end-user industry, the market can be segmented into industrial, residential & commercial, and utilities. The energy industry is being motivated by other industries like paper industry, forest industry, pulp industry, etc. for the utilization of biomass for power generation and other desired products.

Biomass not only use the residual leftover to generate significant electricity but also balances the socio-economic factor by conserving the environment which drives the biomass power generation market. It is majorly used across the world as raw material is easily available and biomass is considered as an eco-friendly source of energy which is anticipating the growth of the biomass power generation market.

The factor that is expected to inhibit the growth of the market is the high installation cost and time required for construction of biomass plant. The advanced technologies used in biomass plants further increase the cost which in turn can also act as a market restraint for the biomass power generation market.

Key Players Covered

Some of the major companies in the global biomass power generation market are E. ON Energy, Ameresco, Babcock & Wilcox Company, Engie, Indus Green Bio Energy Pvt. Ltd., Ørsted A/S, Oulun Energia Oy, NTPC, and Acciona.

SEGMENTATION 

Regional Analysis

The global biomass power generation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, biomass is considerably used for a different purpose to meet the ever increasing demand for energy. Biomass accounts for approx. 5% in total primary energy in the USA which is majorly expected to increase the demand for biomass in North America. Europe is environment conscious and acting strictly against carbon emission violator with hefty fines. The countries are taking an initiative to promote green energy and biomass is consumed widely to promote its advantageous property. Germany, UK, and Italy share a large percentage of the total EU bioelectricity generation. The simplistic approach undermines the potential and needs for bio-power complement variable renewable energy sources while displacing environmentally harmful fossil fuels. Therefore, Europe is competently providing a suitable market for the growth of biomass power generation. Demand in the Asia Pacific region is increasing due to the presence of transforming economies of India and China. The government full electrification initiative and unorganized grid structure are expected to increase the demand for biomass power generation market in APAC.

Key Industry Developments

• In May 2019, China’s biomass sector has generated 24.5 billion kWh of electricity during the first quarter of 2019, which shows a growth of 16.7 % year-on-year.
• In April 2019, Dutch Health and Nutrition Company Royal DSM has reduced CO2 emission from its plant in Sisseln, Switzerland, after switching to biomass which helps to reduce 50,000 tons per year of Co2 emission.
• In October 2018, India’s largest power producer NTPC is planning to start biomass co-firing across all its coal-based thermal power station to reduce the greenhouse gas emission.