UK Biomass Power Market Size & Outlook, 2021-2030
UK biomass power market, 2018-2030 (US$M)
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UK biomass power market highlights
- The UK biomass power market generated a revenue of USD 3,710.0 million in 2021 and is expected to reach USD 7,761.0 million by 2030.
- The UK market is expected to grow at a CAGR of 8.5% from 2022 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2021.
- Solid Biofuel 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 3,710.0 million |
| Market revenue in 2030 | USD 7,761.0 million |
| Growth rate | 8.5% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Solid Biofuel |
| 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, UK accounted for 3.1% 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 Europe, Germany biomass power market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 7,761.0 million by 2030.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 81.9% in 2021. Horizon Databook has segmented the UK biomass power market based on solid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
In 2015, the UK became the first country in the world to commit to phasing out its coal-based power plants by 2025. Furthermore, the UK’s Prime Minister Boris Johnson has come up with a consultation in February 2020 to prepone the deadline for coal phase-out by a year to October 2024. Moreover, the country has committed to a target of net zero by 2050.
To achieve this, the UK has been supporting the renewable energy industry for several years through financial subsidies and favorable policies & regulations. In August 2023, the Government of the UK announced its Biomass Strategy 2023, which outlines the role of sustainable biomass in helping the country reach net-zero emissions by 2024.
According to the UK Department of Energy Security and Net Zero Chief Scientific Advisor, biomass accounts for 8.6% of the energy supply in the country. The strategy aims to further leverage biomass as a part of the broad efforts of the government of the country to transition to clean energy and achieve its climate goals.
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Target buyers of UK 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 country-level data and insights on the UK biomass power market , including forecasts for subscribers. This country databook contains high-level insights into UK biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK biomass power market size, by feedstock, 2018-2030 (US$M)
UK Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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