How Global Biomass Electricity Market Players Should Strategize For 2022-2031

The global biomass electricity market size is expected to grow from $33.62 in billion 2021 to $36.99 billion in 2022 at a compound annual growth rate (CAGR) of 10%. The growth in the biomass electricity market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biomass electricity market is expected to reach $52.55 billion in 2026 at a CAGR of 9.2%.

What is the Global Biomass Electricity Market?

The biomass electric power generation market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (o2) is inadequate for the combustion of biomass.

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What drives the Global Biomass Electricity Market?

The increasing government support through various government subsidies and policies drives the growth of the biomass electric power generation market. Due to the growing concerns about climate change and rising levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels such as coal and oil, new government policies are being framed to encourage sustainable power generation. For instance, In India, the Ministry of new and renewable energy under its National Biogas and Manure Management Programme (NBMMP) provides subsidies for setting up a family type biogas plants mainly for rural and semi-urban/households. The program is implemented by the State Nodal Departments/State Nodal Agencies and Khadi and Village Industries Commission (KVIC), Biogas Development and Training Centers (BDTCs) and involves subsidies up to Rs.17,000 ($230) for setting up biogas plants.

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Global Biomass Electricity Market Segments
The global biomass electricity market is segmented:
By Feedstock: Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass
By End-User: Households, Industrial Sectors, Government Sectors, Others
By Technology: Anaerobic Digestion, Combustion, Co-Firing, Gasification, Landfill Gas.
By Geography: The regions covered in the biomass electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Biomass Electricity Global Market Report 2022 provides market size and growth forecasts for the global biomass electricity market, global biomass electricity market share, biomass electricity market segments and geographies, biomass electricity market competitive landscape including leading competitors’ revenues, profiles and market shares. The biomass electricity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Biomass Electricity Industry Players include Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc., E. On Se, Graanul Invest Group, RWE Innogy, Lignetics, Orsted A/S, Oulun Energia Oy, NTPC, Skive Fiernvarme, and Babcock & Wilcox Enterprises Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.