U.S. Biomass Power Market Size & Outlook, 2021-2030
U.S. biomass power market, 2018-2030 (US$M)
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U.S. biomass power market highlights
- The U.S. biomass power market generated a revenue of USD 14,418.6 million in 2021 and is expected to reach USD 22,229.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.9% 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.
Biomass power market data book summary
| Market revenue in 2021 | USD 14,418.6 million |
| Market revenue in 2030 | USD 22,229.7 million |
| Growth rate | 4.9% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 11.9% 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 North America, U.S. biomass power market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 4,132.8 million by 2030.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 70.04% in 2021. Horizon Databook has segmented the U.S. biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the U.S. biomass power market is driven by the governmental supportive policies and plans related to renewable energy adoption, coupled with the abundant availability of biomass feedstock in the country.
The power scenario in the U.S. has been witnessing a change with more adoption of gas-based and renewable power sources than coal-based power generation. According to the International Renewable Energy Agency (IRENA), the total bioenergy capacity of the U.S. was 11.0 gigawatts (GW) in 2023. As of 2023, biomass power catered to 5% of the total energy requirements of the U.S.
The country converts 150 million tons of corn to ethanol and 140 million tons of wood to power. It generates energy from 40 million tons of landfill gas and other types of waste annually. In addition, direct combustion is the most common method of producing heat from biomass.
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Our clientele includes a mix of biomass power market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. biomass power market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biomass power market size, by feedstock, 2018-2030 (US$M)
U.S. Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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