Global Biomass Power Market Size & Outlook, 2024-2030
Global biomass power market, 2018-2030 (US$M)
Related Markets
Global biomass power market highlights
- The global biomass power market generated a revenue of USD 133,974.1 million in 2023 and is expected to reach USD 203,605.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, solid biofuel accounted for a revenue of USD 121,063.9 million in 2023.
- Liquid Biofuel is the most lucrative feedstock segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 133,974.1 million |
| Market revenue in 2030 | USD 203,605.2 million |
| Growth rate | 6.3% (CAGR from 2024 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Biogas |
Other key industry trends
- In terms of revenue, the North America accounted for 19.2% of the global biomass power market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 12,201.7 million by 2030.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orsted A/S | View profile | 8900 | Kraftvaerksvej 53, Skaerbaek, Fredericia, Denmark, DK-7000 | https://www.orsted.com |
| Ameresco Inc Class A | View profile | 1503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | https://www.ameresco.com |
| Xcel Energy Inc | View profile | 11311 | 414 Nicollet Mall, Minneapolis, MN, United States, 55401 | https://www.xcelenergy.com |
| Ramboll | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | http://www.ramboll.com/ |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Veolia Environnement SA | View profile | 218288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | https://www.veolia.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
Global biomass power market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biomass power market will help companies and investors design strategic landscapes.
Solid biofuel was the largest segment with a revenue share of 90.36% in 2023. Horizon Databook has segmented the Global biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biomass Power Feedstock Outlook (Revenue, USD Million, 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Global Biomass Power Technology Outlook (Revenue, USD Million, 2018-2030)
- Combustion
- Anaerobic Digestion
- Gasification
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Target buyers of Global biomass power market databook
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Our clientele includes a mix of biomass power market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biomass power market , including forecasts for subscribers. This global databook contains high-level insights into Global biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global biomass power market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biomass power market size, 2023 (US$M)
Global biomass power market share, by feedstock, 2023 & 2030 (%, US$M)
Biomass power market: Opportunity assessment by country
Global biomass power market, by region, 2023 (US$M)
Related statistics
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