Market Overview:
The global biomass for electricity generation market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into boilers, burners, turbines, generators and others. The boilers segment is expected to dominate the biomass for electricity generation market in terms of revenue share during the forecast period from 2018 to 2030. This can be attributed to increasing demand for steam and hot water across various industries such as residential, commercial and industrial applications.
Product Definition:
The definition of biomass for electricity generation is the use of organic matter to generate heat or electricity. The importance of biomass for electricity generation is that it is a renewable resource and it emits less carbon dioxide than traditional fuels.
Boilers:
Boilers is one of the key components in biomass for electricity generation. It is used to convert solid or liquid feedstock into a super-heated steam which drives turbines and generator sets. The boiler's working principle depends on the rate of heat transfer, viscosity or density of feedstock, type of fuel and its calorific value.
The global boilers market size was valued at USD 2 billion in 2015.
Burners:
The burners are the most important part of any biomass power plant. They are used to convert solid or liquid biomass into gases such as carbon dioxide, water and heat energy. The heat generated by the gasifiers is used to drive a turbine which produces electricity.
Biomass for electricity generation market has been growing at a steady pace over the past few years owing to increasing awareness among people regarding environment protection and decreasing fossil fuel reserves depletion.
Application Insights:
The commercial application segment led the global biomass for electricity generation market and accounted for more than 54% of the total revenue share in 2017. The growth can be attributed to growing demand from industrial as well as commercial sectors. Rapidly expanding manufacturing sector in emerging countries such as China, India and Brazil is also expected to drive the product demand over the forecast period.
Rapidly expanding residential sector on account of rising population coupled with improving standard of living is expected to propel industry expansion over the forecast period. Increasing number of power purchase agreements (PPAs) between rural electrification companies and farmers across various states including Punjab, Haryana, Andhra Pradesh, Telangana and Bihar is expected to result in increased investments by private players into small scale hydroelectric projects which will eventually fuel industry expansion over next few years.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region accounted for a share of 36.0% in 2017 owing to increasing biomass power generation in countries such as China, Japan, and India. In addition, growing awareness about renewable energy sources is anticipated to fuel market growth over the coming years.
China was estimated as having the highest installed capacity of electricity generators using biomass fuels across the globe with a total capacity exceeding 170 GW in 2017 according to IEA statistics.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting biomass-based power generation
- Availability of biomass feedstocks due to agricultural residues and forestry byproducts
- Technological advancements that improve the efficiency of biomass-based power plants
- Growing interest in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Biomass for Electricity Generation Market Research Report
By Type
Boilers, Burners, Turbines, Generators, Others
By Application
Residential, Industrial, Commercial
By Companies
General Electric, Siemens Energy, JFE Engineering, Sumitomo Heavy Industries, Compte.R., Polytechnik, Hangzhou Boiler, Energy Innovations, Kohlbach Group, ANDRITZ, Zhengzhou Boiler, Hurst Boiler & Welding, Babcok & Wilcox Enterprises, China Western Power Industrial, Takuma, SHINKO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Biomass for Electricity Generation Market Report Segments:
The global Biomass for Electricity Generation market is segmented on the basis of:
Types
Boilers, Burners, Turbines, Generators, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Industrial, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Siemens Energy
- JFE Engineering
- Sumitomo Heavy Industries
- Compte.R.
- Polytechnik
- Hangzhou Boiler
- Energy Innovations
- Kohlbach Group
- ANDRITZ
- Zhengzhou Boiler
- Hurst Boiler & Welding
- Babcok & Wilcox Enterprises
- China Western Power Industrial
- Takuma
- SHINKO
Highlights of The Biomass for Electricity Generation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boilers
- Burners
- Turbines
- Generators
- Others
- By Application:
- Residential
- Industrial
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biomass for Electricity Generation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biomass for electricity generation is the conversion of organic matter into energy through combustion. Biomass can be used to generate electricity from a variety of sources, including wood, agricultural waste, and municipal solid waste.
Some of the major players in the biomass for electricity generation market are General Electric, Siemens Energy, JFE Engineering, Sumitomo Heavy Industries, Compte.R., Polytechnik, Hangzhou Boiler, Energy Innovations, Kohlbach Group, ANDRITZ, Zhengzhou Boiler, Hurst Boiler & Welding, Babcok & Wilcox Enterprises, China Western Power Industrial, Takuma, SHINKO.
The biomass for electricity generation market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biomass for Electricity Generation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Biomass for Electricity Generation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Biomass for Electricity Generation Market - Supply Chain
4.5. Global Biomass for Electricity Generation Market Forecast
4.5.1. Biomass for Electricity Generation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Biomass for Electricity Generation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Biomass for Electricity Generation Market Absolute $ Opportunity
5. Global Biomass for Electricity Generation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Biomass for Electricity Generation Market Size and Volume Forecast by Type
5.3.1. Boilers
5.3.2. Burners
5.3.3. Turbines
5.3.4. Generators
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Biomass for Electricity Generation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Biomass for Electricity Generation Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Industrial
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Biomass for Electricity Generation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Biomass for Electricity Generation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Biomass for Electricity Generation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Biomass for Electricity Generation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Biomass for Electricity Generation Demand Share Forecast, 2019-2026
9. North America Biomass for Electricity Generation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Biomass for Electricity Generation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Biomass for Electricity Generation Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Industrial
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Biomass for Electricity Generation Market Size and Volume Forecast by Type
9.7.1. Boilers
9.7.2. Burners
9.7.3. Turbines
9.7.4. Generators
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Biomass for Electricity Generation Demand Share Forecast, 2019-2026
10. Latin America Biomass for Electricity Generation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Biomass for Electricity Generation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Biomass for Electricity Generation Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Industrial
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Biomass for Electricity Generation Market Size and Volume Forecast by Type
10.7.1. Boilers
10.7.2. Burners
10.7.3. Turbines
10.7.4. Generators
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Biomass for Electricity Generation Demand Share Forecast, 2019-2026
11. Europe Biomass for Electricity Generation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Biomass for Electricity Generation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Biomass for Electricity Generation Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Industrial
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Biomass for Electricity Generation Market Size and Volume Forecast by Type
11.7.1. Boilers
11.7.2. Burners
11.7.3. Turbines
11.7.4. Generators 11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Biomass for Electricity Generation Demand Share, 2019-2026
12. Asia Pacific Biomass for Electricity Generation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Biomass for Electricity Generation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Biomass for Electricity Generation Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Industrial
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Biomass for Electricity Generation Market Size and Volume Forecast by Type
12.7.1. Boilers
12.7.2. Burners
12.7.3. Turbines
12.7.4. Generators
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Biomass for Electricity Generation Demand Share, 2019-2026
13. Middle East & Africa Biomass for Electricity Generation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Biomass for Electricity Generation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Biomass for Electricity Generation Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Industrial
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Biomass for Electricity Generation Market Size and Volume Forecast by Type
13.7.1. Boilers
13.7.2. Burners
13.7.3. Turbines
13.7.4. Generators
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Biomass for Electricity Generation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Biomass for Electricity Generation Market: Market Share Analysis
14.2. Biomass for Electricity Generation Distributors and Customers
14.3. Biomass for Electricity Generation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JFE Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo Heavy Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Compte.R.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polytechnik
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hangzhou Boiler
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Energy Innovations
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kohlbach Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ANDRITZ
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhengzhou Boiler
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hurst Boiler & Welding
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Babcok & Wilcox Enterprises
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. China Western Power Industrial
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Takuma
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SHINKO
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook