Market by Feedstock (Solid Biomass, Liquid Biomass, Biogas, Municipal Solid Waste) Technology (Combustion, Anaerobic Digestion, Gasification, Co-firing & Combined Heat and Power (CHP), Landfill Gas (LFG)) Application (Industrial, Commercial, Residential) and Country Outlook | Forecast 2024-2032
According to Triton’s analysis, the Europe biomass power market is projected to rise at a CAGR of 6.68% in revenue over the forecast years 2024-2032.
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The biomass power market in Europe is experiencing robust growth driven by stringent environmental regulations, ambitious renewable energy targets, and strong governmental support. Biomass power is increasingly being adopted across various sectors to reduce greenhouse gas emissions and transition towards a sustainable energy future. The region’s abundant availability of biomass feedstock, including agricultural residues, forestry by-products, and organic waste, supports the expansion of biomass power generation facilities. Hence, Europe’s focus on innovation, sustainability, and circular economy principles is expected to continue driving the biomass power market expansion.
Germany holds the largest market share, achieving around $7150.06 million in 2023.
According to IEA Bioenergy, Germany is at the forefront of bioenergy deployment, with institutions like DBFZ (Deutsches Biomasse Forschungszentrum) playing a crucial role in sustainable biomass energy research and deployment of biogas and biomethane.
In fact, in 2022, biomass contributed to 7.7 percent of the country’s energy mix, wherein more than 14,922 biomass power plants were deployed in the nation.
Hence, biomass power plays a crucial role in this transition, contributing to Germany’s goal of achieving a renewable energy share of 65% by 2030, which will significantly influence the reviewed market.
Biomass Power Market Forecast for the United Kingdom
The United Kingdom is also at the forefront of innovation in Bioenergy with Carbon Capture and Storage (BECCS) technology, aiming to achieve negative emissions through government-supported projects. Government initiatives, such as the Contracts for Difference scheme, provide financial incentives for low-carbon electricity generation, boosting the adoption of biomass power. Clearly, the UK plays a pivotal role in the European biomass power market, driven by its ambitious goal of achieving net-zero greenhouse gas emissions by 2050.
The biomass power market is segmented based on application, feedstock, and technology. The technology segment comprises gasification, co-firing & Combined Heat and Power (CHP), combustion, anaerobic digestion, and Landfill Gas (LFG). Anaerobic digestion involves transforming organic waste such as agricultural residues, food scraps, and wastewater into biogas through microbial activity in oxygen-free environments. The process also produces nutrient-rich digestate, which can be used as a natural fertilizer, supporting circular economies. Anaerobic digestion is also gaining traction due to its dual role in sustainable energy production and effective waste management.
Contender Analysis in the Biomass Power Market
Drax Group plc is a leading force in the European biomass power market, particularly in the United Kingdom, where it operates the nation’s largest renewable power generation facility powered predominantly by biomass. With a strong commitment to advancing a zero-carbon, cost-effective energy future, Drax continues to drive innovation in sustainable energy solutions.
In 2023, Drax furthered its investment in Bioenergy with Carbon Capture and Storage (BECCS) technology at its North Yorkshire power station. This groundbreaking project aims to capture millions of tonnes of CO₂ annually.
Other contenders in the studied market are Siemens Energy AG, Veolia Environnement SA, Suez SA, Valmet OYJ, and Xcel Energy Inc.
KEY DELIVERABLES OF THE REPORT
Market CAGR during the forecasting years 2024 - 2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the biomass power market revenue growth in Europe and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe biomass power market’s growth during the upcoming years
1. EUROPE
BIOMASS POWER MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE BIOMASS POWER MARKET
2.1.1. COVID-19
IMPACT ON THE BIOMASS POWER MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. REGULATORY
OUTLOOK
2.3.1. SUPPLY
CHAIN ANALYSIS
2.3.2. PLANTATION
AND HARVESTING
2.3.3. FEEDSTOCK
PROCESSING
2.3.4. LOGISTICS
2.3.5. POWER
GENERATION TECHNOLOGIES
2.3.6. ENERGY
DISTRIBUTION
2.3.7. END-USER
CONSUMPTION
2.4. REGULATORY
AND SUPPORT FRAMEWORKS
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. FEEDSTOCK
AVAILABILITY
2.5.2. COST
EFFICIENCY
2.5.3. ENVIRONMENTAL
IMPACT
2.5.4. GOVERNMENT
INCENTIVES AND POLICIES
2.5.5. ENERGY
RELIABILITY
2.5.6. TECHNOLOGICAL ADVANCEMENTS
2.6. KEY
MARKET STRATEGIES
2.6.1. CONTRACTS AND PARTNERSHIPS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. USE
OF ADVANCED BIOMASS CONVERSION TECHNOLOGIES
2.7.2. REGULATORY
AND POLICY CHANGES SUPPORTING GROWTH
2.7.3. SUSTAINABILITY
INITIATIVES DRIVING DEMAND
2.8. MARKET
CHALLENGES
2.8.1. COMPETITION
FROM OTHER INDUSTRIES IN PROCURING FEEDSTOCK SUPPLY
2.8.2. HIGH
INITIAL CAPITAL INVESTMENT ASSOCIATED WITH BIOMASS ENERGY PLANTS
2.9. MARKET
OPPORTUNITIES
2.9.1. RETROFITTING
EXISTING POWERPLANTS WHILE INTEGRATING BIOENERGY WITH CARBON CAPTURE AND
STORAGE
2.9.2. INTEGRATION
WITH OTHER RENEWABLE ENERGY SYSTEMS
2.10. ANALYST
PERSPECTIVE
3. EUROPE
BIOMASS POWER MARKET - BY FEEDSTOCK
3.1. SOLID
BIOMASS
3.2. LIQUID
BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL
SOLID WASTE
4. EUROPE
BIOMASS POWER MARKET – BY TECHNOLOGY
4.1. COMBUSTION
4.2. ANAEROBIC
DIGESTION
4.3. GASIFICATION
4.4. CO-FIRING
& CHP
4.5. LANDFILL
GAS (LFG)
5. EUROPE
BIOMASS POWER MARKET – BY APPLICATION
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. EUROPE
BIOMASS POWER MARKET – BY COUNTRY OUTLOOK
6.1. EUROPE
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. GERMANY
6.1.1.1.1. GERMANY
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.2. UNITED
KINGDOM
6.1.1.2.1. UNITED
KINGDOM BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.3. FRANCE
6.1.1.3.1. FRANCE
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.4. ITALY
6.1.1.4.1. ITALY
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.5. SPAIN
6.1.1.5.1. SPAIN
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.6. REST
OF EUROPE
6.1.1.6.1. REST
OF EUROPE BIOMASS POWER MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. ACCIONA
SA
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGES
7.2. AMERESCO
INC
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. BABCOCK
& WILCOX ENTERPRISES INC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. CEMEX
SAB DE CV
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGES
7.5. DRAX
GROUP PLC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. ENEL
GREEN POWER SPA
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGES
7.7. ENVITEC
BIOGAS AG
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGES
7.8. ENVIVA
INC
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. GENERAL
ELECTRIC COMPANY
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. HITACHI
ZOSEN CORPORATION
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
7.11. MITSUBISHI
HEAVY INDUSTRIES LTD
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.11.3. KEY
STRENGTHS
7.11.4. KEY
CHALLENGES
7.12. ØRSTED
A/S
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.12.3. KEY
STRENGTHS
7.12.4. KEY
CHALLENGES
7.13. RAÍZEN
SA
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
7.13.3. KEY
STRENGTHS
7.13.4. KEY
CHALLENGES
7.14. RAMBOLL
GROUP AS
7.14.1. OVERVIEW
7.14.2. PORTFOLIO
7.14.3. KEY
STRENGTHS
7.14.4. KEY
CHALLENGES
7.15. SIEMENS
ENERGY AG
7.15.1. OVERVIEW
7.15.2. PORTFOLIO
7.15.3. KEY
STRENGTHS
7.15.4. KEY
CHALLENGES
7.16. SUEZ
SA
7.16.1. OVERVIEW
7.16.2. PORTFOLIO
7.16.3. KEY
STRENGTHS
7.16.4. KEY
CHALLENGES
7.17. VALMET
OYJ
7.17.1. OVERVIEW
7.17.2. PORTFOLIO
7.17.3. KEY
STRENGTHS
7.17.4. KEY
CHALLENGES
7.18. VEOLIA
ENVIRONNEMENT SA
7.18.1. OVERVIEW
7.18.2. PORTFOLIO
7.18.3. KEY
STRENGTHS
7.18.4. KEY
CHALLENGES
7.19. XCEL
ENERGY INC
7.19.1. OVERVIEW
7.19.2. PORTFOLIO
7.19.3. KEY
STRENGTHS
7.19.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE
BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $
MILLION)
TABLE 2: EUROPE
BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN MILLION
MWH)
TABLE 3: REGULATORY
OUTLOOK
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
ACQUISITIONS
TABLE 6: LIST OF
BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: EUROPE
BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE
BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN MILLION MWH)
TABLE 9: EUROPE
BIOMASS POWER MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 10: EUROPE
BIOMASS POWER MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: EUROPE
BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $
MILLION)
FIGURE 1: PORTER’S
FIVE FORCES ANALYSIS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: SUPPLY
CHAIN ANALYSIS
FIGURE 4: EUROPE
BIOMASS POWER MARKET, BY FEEDSTOCK, 2023 & 2032 (IN %)
FIGURE 5: EUROPE
BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 6: EUROPE
BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE
BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE 8: EUROPE
BIOMASS POWER MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 9: EUROPE
BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE
BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE
BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE
BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2024-2032 (IN $ MILLION)
FIGURE 13: EUROPE
BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $ MILLION)
FIGURE 14: EUROPE
BIOMASS POWER MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 15: EUROPE
BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 16: EUROPE
BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 17: EUROPE
BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 18: EUROPE
BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 19: GERMANY
BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 20: UNITED
KINGDOM BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: FRANCE
BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 22: ITALY
BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 23: SPAIN
BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 24: REST OF
EUROPE BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)