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
Triton’s research report estimates that the Latin America biomass power market is expected to gain revenue at a CAGR of 6.10% during the forecast years 2024-2032.
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The biomass power market in Latin America is experiencing notable growth, driven by the region’s abundant biomass resources, increasing energy demand, and supportive government policies promoting renewable energy. With a total biomass energy capacity of 24.3 GW in 2023, this region is focusing on sustainable energy solutions to address environmental concerns, reduce dependence on fossil fuels, and support rural development. The availability of agricultural residues, forestry by-products, and organic waste provides significant opportunities for biomass power generation. Technological advancements and investments in infrastructure are expected to further propel the biomass power market’s expansion.
Brazil holds the largest market share, achieving around $2338.25 million in 2023.
Brazil dominates with around 17.1 GW of solid biofuel capacity, largely from sugarcane bagasse used in co-generation power plants. In fact, the biogas sector is expanding rapidly, especially in Brazil, where installed biogas capacity reached 509 MW in 2023.
The country also has access to abundant biomass resources such as sugarcane bagasse, wood residues, and agricultural waste, which are widely used for energy generation.
Additionally, government support through policies like the National Biofuels Policy (RenovaBio) promotes bioenergy use and carbon emission reduction targets. Technological advancements, such as cogeneration and gasification technologies, are enhancing the efficiency and sustainability of biomass power generation.
Biomass Power Market Forecast for Mexico
Mexico’s government makes active efforts to diversify its energy mix and reduce greenhouse gas emissions, driving the adoption of biomass energy. The country’s Energy Transition Law and National Climate Change Strategy set targets for increasing renewable energy, including biomass, in its energy portfolio. Biomass resources, such as agricultural residues from crops like corn, sugarcane, and agave, provide ample feedstock for power generation in the country. Additionally, private sector investments are bolstering the Mexico biomass market, focusing on waste-to-energy projects and rural electrification initiatives.
The biomass power market is segmented based on technology, feedstock, and application. Based on feedstock, it is further classified into biogas, solid biomass, liquid biomass, and municipal solid waste. Biogas, produced through the anaerobic digestion of organic waste such as agricultural residues, food waste, and wastewater, is another critical feedstock in the biomass power market. It is a renewable and clean-burning fuel commonly used in gas engines and turbines to generate electricity, often paired with heat recovery systems to maximize energy efficiency.
Contender Analysis in the Biomass Power Market
ACCIONA SA is a prominent player in the biomass power market, particularly in Brazil and Latin America, which provides sustainable solutions for infrastructure and renewable energy projects. The company specializes in the design, construction, and management of renewable energy systems, including biomass power generation. With a strong commitment to environmental sustainability, it plays a key role in promoting the development of biomass energy.
ACCIONA Energía and Vidrala, a leading glass container design and manufacturing company, recently completed an innovative pilot project that repurposed biomass slag for the production of 18.3 million glass bottles.
The key entities in the reviewed market are Babcock & Wilcox Enterprises Inc, Enel Green Power SpA, Cemex SAB de CV, Drax Group PLC, and Envitec Biogas Ag.
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 biomass power market revenue growth in Latin America and its impact on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape using Porter’s Five Forces analysis
A broad study of factors expected to challenge the growth of the Latin American biomass power market in the upcoming years
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VIEW REPORT1. LATIN
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. LATIN
AMERICA BIOMASS POWER MARKET - BY FEEDSTOCK
3.1. SOLID
BIOMASS
3.2. LIQUID
BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL
SOLID WASTE
4. LATIN
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. LATIN AMERICA
BIOMASS POWER MARKET – BY APPLICATION
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. LATIN
AMERICA BIOMASS POWER MARKET – BY COUNTRY OUTLOOK
6.1. LATIN
AMERICA
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO
BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.3. ARGENTINA
6.1.1.3.1. ARGENTINA BIOMASS POWER MARKET FORECAST &
PROSPECTS
6.1.1.4. REST
OF LATIN AMERICA
6.1.1.4.1. REST
OF LATIN AMERICA 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: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS,
2024-2032 (IN $ MILLION)
TABLE
2: LATIN 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: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN $ MILLION)
TABLE
8: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN MILLION MWH)
TABLE
9: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE
10: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE
11: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS,
2024-2032 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: MARKET MATURITY ANALYSIS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: SUPPLY CHAIN ANALYSIS
FIGURE
5: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2023 & 2032 (IN %)
FIGURE
6: LATIN AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $
MILLION)
FIGURE
7: LATIN AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $
MILLION)
FIGURE
8: LATIN AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE
9: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE
10: LATIN AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE
11: LATIN AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $
MILLION)
FIGURE
12: LATIN AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $
MILLION)
FIGURE
13: LATIN AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2024-2032 (IN $
MILLION)
FIGURE
14: LATIN AMERICA BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $
MILLION)
FIGURE
15: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE
16: LATIN AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE
17: LATIN AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE
18: LATIN AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $
MILLION)
FIGURE
19: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN
%)
FIGURE
20: BRAZIL BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
21: MEXICO BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
22: ARGENTINA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: REST OF LATIN AMERICA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)