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
As per Triton’s research report, the biomass power market in North America is estimated to expand in terms of revenue at a CAGR of 6.06% during the forecast period 2024-2032.
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The biomass power market in North America is experiencing significant growth due to increasing demand for renewable energy sources, supportive government policies, and advancements in biomass conversion technologies. Biomass power is being adopted across various industries, including manufacturing, power generation, and waste management, to reduce greenhouse gas emissions and promote sustainability. The utilization of organic materials such as agricultural residues, forestry by-products, and organic waste contributes to a circular economy and energy diversification in the region.
The United States holds the largest market share, achieving around $14027.09 million in 2023.
According to the US Energy Information Administration’s latest Short-Term Energy Outlook, renewable energy is projected to supply 25% of electricity generation and biomass electricity generation is estimated to reach 24.6 billion kWh in the next year.
Biomass is a critical renewable resource due to its ability to provide continuous, reliable baseload power, unlike intermittent renewables such as solar or wind, which makes biomass a valuable asset in maintaining grid stability.
The biomass power market growth is propelled by federal and state policies that encourage renewable energy adoption, such as tax incentives, renewable portfolio standards, and grants for biomass projects. The abundance of biomass feedstock, including agricultural residues and municipal solid waste, provides ample resources for energy production in the US.
Biomass Power Market Forecast for Canada
Canada’s biomass power market is experiencing notable growth, driven by the country’s commitment to reducing greenhouse gas emissions and promoting sustainable energy solutions. The Canadian government supports biomass energy through policies and incentives, such as the Renewable Energy Deployment Initiative and provincial renewable energy targets. The country’s vast forest resources provide abundant biomass feedstock, including wood chips, pellets, and forestry residues. Companies are also investing in advanced biomass conversion technologies to improve efficiency and reduce environmental impact. The market growth is further supported by collaborations between stakeholders to develop large-scale biomass power projects.
The studied market is categorized into technology, feedstock, and application. The technology segment comprises co-firing & Combined Heat and Power (CHP), combustion, Landfill Gas (LFG), anaerobic digestion, and gasification. Landfill Gas (LFG) systems contribute to waste management efficiency and sustainability, aligning with global efforts to reduce carbon footprints and transition to renewable energy sources. It harnesses methane-rich gas generated from decomposing organic waste in landfills to produce energy. By capturing and utilizing LFG, this technology not only generates electricity and heat but also mitigates greenhouse gas emissions that would otherwise escape into the atmosphere.
Contender Analysis in the Biomass Power Market
Ameresco Inc specializes in providing energy efficiency and renewable energy solutions, including biomass power projects across North America. The company develops and operates biomass facilities that convert organic waste into energy, enhancing sustainability and reducing emissions for clients.
In 2023, Ameresco completed a biomass cogeneration project for a major university in the United States. The facility provides both electricity and thermal energy, improving energy efficiency and supporting the university’s sustainability goals.
The other important contenders in the biomass power market are Drax Group Plc, Enel Green Power SpA, Envitec Biogas Agramboll Group AS, Siemens Energy AG, Suez SA, etc.
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 North America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavior patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the North American biomass power market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. NORTH
AMERICA 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
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. PLANTATION
AND HARVESTING
2.4.2. FEEDSTOCK
PROCESSING
2.4.3. LOGISTICS
2.4.4. POWER
GENERATION TECHNOLOGIES
2.4.5. ENERGY
DISTRIBUTION
2.4.6. END-USER
CONSUMPTION
2.4.7. 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. NORTH
AMERICA BIOMASS POWER MARKET - BY FEEDSTOCK
3.1. SOLID
BIOMASS
3.2. LIQUID
BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL
SOLID WASTE
4. NORTH
AMERICA 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. NORTH
AMERICA BIOMASS POWER MARKET – BY APPLICATION
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. NORTH
AMERICA BIOMASS POWER MARKET – BY COUNTRY OUTLOOK
6.1. NORTH
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
STATES
6.1.1.1.1. UNITED
STATES BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA
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: NORTH AMERICA
BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $
MILLION)
TABLE 2: NORTH AMERICA
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: NORTH AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN MILLION MWH)
TABLE 9: NORTH AMERICA
BIOMASS POWER MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA
BIOMASS POWER MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA
BIOMASS POWER MARKET, BY COUNTYR 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: NORTH AMERICA
BIOMASS POWER MARKET, BY FEEDSTOCK, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA
BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
BIOMASS POWER MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 9: NORTH AMERICA
BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH
AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $ MILLION)
FIGURE 11: NORTH
AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $ MILLION)
FIGURE 12: NORTH
AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2024-2032 (IN $ MILLION)
FIGURE 13: NORTH
AMERICA BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH
AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 15: NORTH
AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH
AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH
AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 18: NORTH
AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 19: UNITED
STATES BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 20: CANADA
BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)