The Europe biomass power market is expected to grow with a CAGR of 6.45% in terms of revenue as well as 6.23% in terms of volume during the estimated years of 2022 to 2030, capturing a revenue share of $47.19 billion by 2030.

The high rate of depletion of fossil fuels, governments’ increased focus on reducing carbon emissions, and the region’s strong emphasis on the development of biofuels in order to curb greenhouse gas emissions are among the key factors set to drive the market growth. However, the Europe biomass power market is expected to face challenges such as delays in infrastructure development for biomass energy production.

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The Europe biomass power market growth study includes the evaluation of Germany, the United Kingdom, Norway, Spain, Belgium, France, Italy, Poland, and Rest of Europe. In 2015, the United Kingdom committed to phasing out its coal-based power facilities by the year 2025, making it the first country in the world to undertake this measure. Moreover, the United Kingdom’s prime minister also proposed a consultation in February 2020, aiming to push the phase-out timeline for coal to October 2024. The nation has committed to a net-zero goal by 2050 as well. In order to achieve this, the United Kingdom has continued to offer financial incentives as well as beneficial rules and regulations to the renewable energy sector for numerous years.

Until 2010, natural gas, coal, and nuclear energy were the primary sources of electricity generation in Germany. The nation’s government is also placing additional emphasis on the use of renewable energy, mainly owing to the growth in environmental concerns. Furthermore, with the aim of reaching a 35% proportion of renewable energy by 2020, the German government has expanded the public knowledge of renewable energy technology by means of helpful policies and initiatives. Renewable energy has a dominant share in Germany’s power sector on account of the efforts established by the government. Hence, these factors are set to fuel the biomass power market growth in Europe during the forecasting years.

The Europe biomass power market is segmented into feedstock, technology, and end-user. The technology segment includes anaerobic digestion, combustion, gasification, Co-Firing & CHP, and LFG. Anaerobic digestion technology is utilized to produce biogas, wherein, in the absence of oxygen, organic matter is decomposed. Additionally, an anaerobic digester is used for the conversion of moist wastes, including human and animal waste, into biogas.

On the other hand, compared to other sophisticated biomass power technologies, combustion technology is relatively less expensive and simpler to operate. Furthermore, solid biomass fuels are commonly converted to energy via combustion. The incorporation of biomass combustion in the circulation of fluidized bed combustor (CFBC) is anticipated to play a vital role in driving the growth of the combustion segment.

Leading companies operating in the Europe biomass power market include Ramboll Group, E.ON Energy, Orsted, etc.

Ramboll Group, headquartered in Denmark, offers design, engineering, and consultancy services. The company works across areas such as water, environment and health, energy and management consulting, transport, planning and urban design, and buildings. Combining deep local insights as well as experience with a global knowledge base, the company drives positive change for its customers while creating sustainable societies.

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