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 research report, the biomass power market in the Asia-Pacific is estimated to expand in terms of revenue at a CAGR of 6.70% over the forecast years 2024-2032.
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The biomass power market in the Asia-Pacific region is witnessing significant growth due to increasing energy demand, abundant availability of biomass resources, and supportive government policies promoting renewable energy. Rapid industrialization, urbanization, and economic development are driving the need for sustainable and reliable energy sources. Biomass power is being adopted across various sectors to reduce greenhouse gas emissions, enhance energy security, and support rural development. Advances in biomass conversion technologies and investments in infrastructure are expected to further propel the biomass power market’s expansion in the coming years.
China holds the largest market share, achieving around $13339.66 million in 2023.
China’s biomass energy sector has seen significant growth, as its installed biomass power capacity reached 44.14 GW in 2023.
The country’s biomass resources are abundant, with around 3.5 billion metric tons of raw biomass materials produced annually, including agricultural waste, forestry residues, and organic waste from urban areas. Of this, about 500 million tons are currently used for energy production.
With an extensive agricultural sector producing large quantities of residues and forestry waste, it offers a rich feedstock for biomass power generation. Thus, China aims to expand its biomass capacity further, targeting 50 GW by 2030, thereby leading to the expansion of biomass power plants in the coming years.
Biomass Power Market Forecast for India
India is gaining prominent traction in the biomass power market, with the government’s focus on renewable energy and rural development projects. The National Biofuel Policy promotes the production and utilization of biofuels derived from non-food feedstocks, including agricultural waste. The country’s large agricultural sector produces vast amounts of biomass waste, such as bagasse, rice husks, and cotton stalks, which can be efficiently converted into energy. Government incentives, including financial support through capital subsidies and preferential tariffs, further encourage investments in biomass power projects.
The biomass power market is segmented by feedstock, technology, and application. Based on feedstock, it is further classified into liquid biomass, biogas, solid biomass, and municipal solid waste. Liquid biomass, derived from organic materials such as vegetable oils, animal fats, and bioethanol, serves as a versatile feedstock in the biomass power market. It is primarily used to generate heat and electricity, often in decentralized power systems. Its adaptability to existing energy infrastructure makes it a practical choice for transitioning to renewable energy sources.
Contender Analysis in the Biomass Power Market
Mitsubishi Heavy Industries Ltd (MHI), a Japanese multinational engineering and electronics company, plays a significant role in the biomass power market. Its portfolio includes biomass power systems such as boilers and turbines designed for biomass fuels, Integrated Gasification Combined Cycle (IGCC) systems, and environmental solutions for emissions control and waste treatment. Additionally, MHI offers Engineering, Procurement, and Construction (EPC) services for biomass power plants.
Recently, the company completed a 50MW Woody biomass power plant in Hyuga, Miyazaki Prefecture, to support the localities with advanced power generation technology.
Other key contenders in the market include General Electric Company, Raízen Sa, Ramboll Group AS, Hitachi Zosen Corporation, Ørsted A/S, etc.
KEY DELIVERABLES OF THE REPORT
Market CAGR during the forecast period 2024 - 2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information on biomass power market revenue growth in Asia-Pacific and its impact on the parent market
In-depth analysis of upcoming trends in consumer behavior
A thorough assessment of the competitive landscape using Porter’s Five Forces analysis
A broad study of factors that could challenge the growth of the Asia-Pacific biomass power market in the coming years
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VIEW REPORT1. ASIA-PACIFIC
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. PLANTATION
AND HARVESTING
2.5.2. FEEDSTOCK
PROCESSING
2.5.3. LOGISTICS
2.5.4. POWER
GENERATION TECHNOLOGIES
2.5.5. ENERGY DISTRIBUTION
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. ASIA-PACIFIC
BIOMASS POWER MARKET - BY FEEDSTOCK
3.1. SOLID BIOMASS
3.2. LIQUID BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL SOLID
WASTE
4. ASIA-PACIFIC
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. ASIA-PACIFIC
BIOMASS POWER MARKET – BY APPLICATION
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. ASIA-PACIFIC
BIOMASS POWER MARKET – BY COUNTRY OUTLOOK
6.1. ASIA-PACIFIC
6.1.1.1. CHINA
6.1.1.1.1. CHINA
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.2. JAPAN
6.1.1.2.1. JAPAN
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.3. INDIA
6.1.1.3.1. INDIA
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.4. ASEAN
COUNTRIES
6.1.1.4.1. ASEAN
COUNTRIES BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.5. AUSTRALIA
& NEW ZEALAND
6.1.1.5.1. AUSTRALIA
& NEW ZEALAND BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.6. SOUTH
KOREA
6.1.1.6.1. SOUTH
KOREA BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.7. REST
OF ASIA-PACIFIC
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: ASIA-PACIFIC BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS,
2024-2032 (IN $ MILLION)
TABLE
2: ASIA-PACIFIC 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: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN $ MILLION)
TABLE
8: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN MILLION MWH)
TABLE
9: ASIA-PACIFIC BIOMASS POWER MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE
10: ASIA-PACIFIC BIOMASS POWER MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE
11: ASIA-PACIFIC 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: ASIA-PACIFIC BIOMASS POWER MARKET, BY FEEDSTOCK, 2023 & 2032 (IN %)
FIGURE
5: ASIA-PACIFIC BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $
MILLION)
FIGURE
6: ASIA-PACIFIC BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $
MILLION)
FIGURE
7: ASIA-PACIFIC BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE
8: ASIA-PACIFIC BIOMASS POWER MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE
9: ASIA-PACIFIC BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE
10: ASIA-PACIFIC BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $
MILLION)
FIGURE
11: ASIA-PACIFIC BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $
MILLION)
FIGURE
12: ASIA-PACIFIC BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2024-2032 (IN $
MILLION)
FIGURE
13: ASIA-PACIFIC BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $
MILLION)
FIGURE
14: ASIA-PACIFIC BIOMASS POWER MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE
15: ASIA-PACIFIC BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE
16: ASIA-PACIFIC BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE
17: ASIA-PACIFIC BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE
18: ASIA-PACIFIC BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN
%)
FIGURE
19: CHINA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
20: JAPAN BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
21: SOUTH KOREA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
22: INDIA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: ASEAN COUNTRIES BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
24: AUSTRALIA & NEW ZEALAND BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
25: REST OF ASIA-PACIFIC BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)