Market revenue in 2021 | USD 23,812.7 million |
Market revenue in 2030 | USD 35,892.4 million |
Growth rate | 4.7% (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 |
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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 75.88% in 2021. Horizon Databook has segmented the North America biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. and Canada dominate biomass power market in North America and account for major shares in the region. The North American region is majorly dependent on coal for power generation. The recent discovery of shale gas reserves in the region has resulted in gas-based power generation, which has gained higher growth over coal-based power generation in the region in the past decade.
The rise in environmental concerns has led North American countries to focus on renewable energy. As a result, favorable policies and regulations have been drafted by the U.S., Canada, and Mexico to support renewable power sources such as solar, wind, and biomass.
Furthermore, some of the states in the U.S., such as California, Florida, and New York, have set renewable energy targets for installed capacity. The abundant availability of biomass feedstock in the region coupled with favorable policies & regulations is projected to drive the biomass power market in the region over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America biomass power market , including forecasts for subscribers. This continent databook contains high-level insights into North America biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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