Europe Biomass Power Market Size & Outlook, 2021-2030
Europe biomass power market, 2018-2030 (US$M)
Related Markets
Europe biomass power market highlights
- The Europe biomass power market generated a revenue of USD 45,598.9 million in 2021.
- The market is expected to grow at a CAGR of 5.3% from 2022 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2021.
- Liquid Biofuel is the most lucrative feedstock segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 45,598.9 million |
| Market revenue in 2030 | USD 72,293.9 million |
| Growth rate | 5.3% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Biogas |
| Key market players worldwide | Mitsubishi Heavy Industries Ltd, Xcel Energy Inc, Ramboll, Babcock & Wilcox Enterprises Inc, Orsted A/S, Ameresco Inc Class A, GE Aerospace, Veolia Environnement SA |
Other key industry trends
- In terms of revenue, Europe region accounted for 37.6% of the global biomass power market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 82,189.8 million by 2030.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 82.88% in 2021. Horizon Databook has segmented the Europe biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The European Union, in its long-term strategy, has aimed to be carbon neutral by 2050. This objective is in line with the European Union’s commitments as part of the Paris Agreement. According to the European Green Deal, the European Commission in March 2020 passed the first-ever European Climate Law to achieve its 2050 climate-neutrality goal.
Further, the European Union member countries are required to develop and implement national long-term strategies to achieve their commitments as per the Paris Agreement. The European Regional Development Fund requires each of the member countries for the first-ever time to separately allocate a compulsory minimum amount of funds to low-carbon intensive technologies.
Some of the major European countries such as the UK, Germany, France, Finland, and Italy have announced to phase out coal-based power by 2024, 2038, 2024, 2030, and 2030, respectively. Under this scenario, biomass-based power is a viable solution to provide baseload power in the European region to balance out intermittency in renewable power sources such as solar and wind.
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Target buyers of Europe 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 continent-level data and insights on the Europe biomass power market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biomass power market size, by country, 2018-2030 (US$M)
Europe Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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