SkyQuest Technology Group recently introduced Biomass Power Generation Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Biomass Power Generation Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Biomass Power Generation Market size was valued at USD 92.3 Billion in 2023 and is poised to grow from USD 95.29 Billion in 2024 to USD 121.69 Billion by 2032, growing at a CAGR of 3.24% during the forecast period (2025-2032).
The global biomass power generation market is being driven by several key factors. Firstly, increasing concerns about climate change and the need to transition towards cleaner energy sources have led to a growing demand for renewable energy alternatives. Biomass, derived from organic materials such as wood, agricultural residues, and waste, offers a sustainable solution for electricity generation while reducing greenhouse gas emissions. Additionally, biomass power generation provides an opportunity to utilize locally available resources, promoting energy security and reducing dependency on imported fuels.
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Moreover, supportive government policies and incentives, including renewable energy targets, feed-in tariffs, and tax incentives, have encouraged investments in biomass power projects worldwide. These drivers collectively contribute to the expansion of the global biomass power generation market, positioning it as a vital component of the transition towards a more sustainable energy future.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Biomass Power Generation Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Feedstock
Agriculture Waste, Forest Waste, Animal Waste, Municipal Waste
Technology
Combustion, Gasification, Anaerobic Digestion, Pyrolysis
Fuel
Solid, Liquid, Gaseous
End-use Industry
Industrial, Residential & Commercial
Biomass Power Generation Market – Regional Analysis:
– Biomass Power Generation North America Market includes (Canada, Mexico, USA)
– Biomass Power Generation Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Biomass Power Generation Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Biomass Power Generation South America Market includes (Brazil, Argentina)
– Biomass Power Generation Oceania Market (Australia & New Zealand)
Top Market Players in Biomass Power Generation Market are:
Babcock & Wilcox Enterprises, Inc. (US)
Xcel Energy Inc. (US)
Salzburg AG (Austria)
ENGIE (France)
Ørsted A/S (Denmark)
EPH (Czechia)
Drax Group (England)
ACCIONA (Spain)
EDF (France)
Vattenfall (Sweden)
Belgian Eco Energy (BEE) (Belgium)
D.E.S.I Power (India)
Veolia (France)
Statkraft (Norway)
Greta Energy Limited (India)
Verbio
Lahti Energia Oy (Finland)
RENOVA, Inc. (Japan)
RWE (Germany)
Yonago Biomass Power Generation LLC (Japan)
Recent Developments:
In March 2024, Carbon removals and renewable energy company Drax Group announced a new partnership with Louisiana State University (LSU) to support students and research associated with sustainable forestry and renewable energy. The collaboration will allow LSU and Drax to help advance energy innovation on a global level, while building on LSU’s legacy of sustainable forestry and innovative energy research.
In March 2024, ENGIE obtained approval from the National Electricity Coordinator (CEN) to start commercial operation of BESS Coya, the largest battery energy storage system in Latin America to date.
In October 2023, ENGIE signed an agreement to acquire 100 % of Atlas Energia Renovável do Brasil S.A. and Atlas Brasil Energia Holding 2 S.A. This acquisition will bring to ENGIE solar photovoltaic (PV) plants in the Northeast (Bahia and Ceará) and the Southeast (Minas Gerais), for a total capacity of 545 MWac in operation.
Also Read –
https://www.slideshare.net/slideshow/protein-supplements-market-is-set-to-experience-a-revolutionary-growth-2025-2032/275361133
https://marketanalysisblogs.com/2025/03/12/natural-gas-storage-market-expanding-infrastructure-for-energy-security/
Forward-Looking Insights
The Biomass Power Generation Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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