Japan Biomass Power Market Size & Outlook, 2021-2030
Japan biomass power market, 2018-2030 (US$M)
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Japan biomass power market highlights
- The Japan biomass power market generated a revenue of USD 2,982.6 million in 2021 and is expected to reach USD 4,982.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% from 2022 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2021.
- Biogas is the most lucrative feedstock segment registering the fastest growth during the forecast period.
Biomass power market data book summary
| Market revenue in 2021 | USD 2,982.6 million |
| Market revenue in 2030 | USD 4,982.2 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Biogas |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid 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, Japan accounted for 2.5% of the global biomass power market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biomass power market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific 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 |
|---|
Japan 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 94.42% in 2021. Horizon Databook has segmented the Japan biomass power market based on solid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The biomass power market in Japan is primarily driven by the government's strong support and initiatives for renewable energy, including biomass. Japan aims to diversify its energy sources and reduce dependency on fossil fuels, leading to increased investments and incentives for biomass power projects.
Biomass power is considered environmentally friendly as it reduces greenhouse gas emissions compared to traditional fossil fuels, aligning with global climate goals and regulations. The aforementioned factors are promoting the development of new biomass power plants in Japan.
For instance, in April 2024, the Ishinomaki Hibarino Biomass Power Plant of Japan, with a generation capacity of 75MW, commenced operations, providing electricity to approximately 170,000 homes. The aim is to reduce coal's share from 31% to 19% and petroleum's share from 4% to 2%. These policies build on earlier ones from 2020 targeting the phaseout of old and inefficient coal units.
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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 country-level data and insights on the Japan biomass power market , including forecasts for subscribers. This country databook contains high-level insights into Japan biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biomass power market size, by feedstock, 2018-2030 (US$M)
Japan Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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