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NORTH AMERICA BIOMASS POWER MARKET FORECAST 2022-2030

The North America biomass power market is set to progress with a CAGR of 5.83% in terms of revenue and 6.35% in terms of volume during the forecasting years of 2022 to 2030, capturing a revenue share of $23.78 billion by 2030.

NORTH AMERICA BIOMASS POWER MARKET FORECAST 2022-2030

North America Biomass Power Market by Feedstock (Solid Biomass, Liquid Biomass, Biogas, Municipal Solid Waste) Market by Technology (Anaerobic Digestion, Combustion, Gasification, Co-firing & CHP, LFG) Market by End-user (Residential, Commercial, Industrial) By Geography

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The North America biomass power market is set to progress with a CAGR of 5.83% in terms of revenue and 6.35% in terms of volume during the forecasting years of 2022 to 2030, capturing a revenue share of $23.78 billion by 2030.

The regional market’s growth is primarily fuelled by favorable policies and regulations, an increased focus on renewable energy due to a rise in environmental concerns, as well as the growing availability of biomass feedstock. However, the North America biomass power market will likely be hindered by the higher growth of gas-based power generation over coal-based power generation.

North America Biomass Power Markets

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The North America biomass power market growth assessment covers the analysis of the United States and Canada. The United States biomass power market is driven by the presence of encouraging policies and plans, in addition to the nation’s significant supply of biomass feedstock. Moreover, the number of biomass power plants in the United States rose to more than 760 in the year 2016 from around 485 in 2003. The increasing use of gas-based, as well as renewable power sources relative to coal-based power generation has played a pivotal role in changing the country’s power landscape. In this regard, the United States produced over 5 quadrillions of Btu of energy from biomass in 2019, equating to approximately 5% of the country’s overall primary energy consumption for that year. Out of this, nearly 45% was derived from bioethanol, 46% from wood, and around 9% was generated from municipal waste.

Renewable forests in Canada provide the nation with substantial biomass feedstock reserves. Aligning with this, Canadian provinces such as British Columbia, Quebec, Ontario, Alberta, and New Brunswick account for the highest rates of biomass production. Various individual, small-scale biomass power plants are slated for Canadian aboriginal communities or are presently under development at industrial sites. With 12 projects in the works, four entail First Nations initiatives with scaled-back scopes, and the other four projects are scheduled for smaller industrial operations at sites for packaging, pellets, and pulp. As a result, these factors are set to augment the biomass power market growth in North America during the forecast years.

The North America biomass power market is segmented into feedstock, technology, and end-user. The feedstock segment includes solid biomass, liquid biomass, biogas, and municipal solid waste. Solid biomass is characterized as organic, solid, and non-fossil materials of biological origins used for heat and electricity generation. Moreover, they include products such as animal waste, fuelwood, wood pellets, wood residues, and vegetable material.

On the other hand, liquids derived from biomass resources, such as bio-oils as well as ethanol, can be reformed to produce hydrogen in a process similar to natural gas reforming. Also, biomass-derived liquids can be easier transported, enabling possibly distributed hydrogen production at fueling stations and semi-central production.

General Electric Company, Xcel Energy Inc, Ameresco Inc, etc., are some of the top players operating in the North America biomass power market.

General Electric Company, headquartered in the United States, is an industrial corporation that provides financial services as well as industrial equipment. The company also offers a diverse range of services and products, including medical imaging products, financing and industrial products, oil and gas production equipment, aircraft engines, and others.

Report Synopsis

Report Scope

Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Billion) and Volume (MWh)
Segments Analyzed Feedstock, Technology, End-User
Countries Analyzed The United States and Canada
Companies Analyzed

Mitsubishi Heavy Industries Ltd, General Electric Company, Thermax Ltd, Suez Environment Company, Xcel Energy Inc, Ramboll Group, Babcock & Wilcox Enterprises Inc, Orsted, Ameresco Inc, Vattenfall AB, E.ON Energy, Veolia Environment SA, Valmet Oyj

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • AFFORDABLE PRICES OF ENERGY PRODUCED BY BIOMASS-FIRED POWER PLANTS
        • FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
      • KEY RESTRAINTS
        • AVAILABILITY OF SEASONAL BIOMASS MATERIAL
        • RENEWABLE POWER RESOURCES AS A SUBSTITUTE
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON BIOMASS POWER MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • FAVORABLE REGULATIONS
        • APPLICATION
      • REGULATORY FRAMEWORK
    2. MARKET BY FEEDSTOCK (IN TERMS OF REVENUE: $ BILLION & IN TERMS OF VOLUME: MILLION MWH)
      • SOLID BIOMASS
      • LIQUID BIOMASS
      • BIOGAS
      • MUNICIPAL SOLID WASTE
    3. MARKET BY TECHNOLOGY
      • ANAEROBIC DIGESTION
      • COMBUSTION
      • GASIFICATION
      • CO-FIRING & CHP
      • LFG
    4. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL
      • INDUSTRIAL
    5. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ BILLION & IN TERMS OF VOLUME: MILLION MWH)
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • AMERESCO INC
        • BABCOCK & WILCOX ENTERPRISES INC
        • ON ENERGY
        • GENERAL ELECTRIC COMPANY
        • MITSUBISHI HEAVY INDUSTRIES LTD
        • ORSTED
        • RAMBOLL GROUP
        • SUEZ ENVIRONMENT COMPANY
        • THERMAX LTD
        • VALMET OYJ
        • VATTENFALL AB
        • VEOLIA ENVIRONMENT SA
        • XCEL ENERGY INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – BIOMASS POWER

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 4: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 5: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN MILLION MWH)

    TABLE 6: NORTH AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN MILLION MWH)

    TABLE 7: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 8: NORTH AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 9: NORTH AMERICA LFG MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 10: NORTH AMERICA LFG MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 11: NORTH AMERICA BIOMASS POWER MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 12: NORTH AMERICA BIOMASS POWER MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 13: NORTH AMERICA BIOMASS POWER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 14: NORTH AMERICA BIOMASS POWER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 15: NORTH AMERICA BIOMASS POWER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN MILLION MWH)

    TABLE 16: NORTH AMERICA BIOMASS POWER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN MILLION MWH)

    TABLE 17: LEADING PLAYERS OPERATING IN NORTH AMERICA BIOMASS POWER MARKET

    TABLE 18: LIST OF MERGERS & ACQUISITIONS

    TABLE 19: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 20: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 21: LIST OF BUSINESS EXPANSIONS & DIVESTITURES   

    LIST OF FIGURES

    FIGURE 1: POWER GENERATION FLOW OF BIOMASS POWER PLANT

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: NORTH AMERICA BIOMASS POWER MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2021

    FIGURE 9: NORTH AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2022-2030 (IN $ BILLION)

    FIGURE 10: NORTH AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2022-2030 (IN $ BILLION)

    FIGURE 11: NORTH AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2022-2030 (IN $ BILLION)

    FIGURE 12: NORTH AMERICA BIOMASS POWER MARKET, BY MUNICIPAL SOLID WASTE, 2022-2030 (IN $ BILLION)

    FIGURE 13: NORTH AMERICA BIOMASS POWER MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

    FIGURE 14: NORTH AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2022-2030 (IN $ BILLION)

    FIGURE 15: NORTH AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2022-2030 (IN $ BILLION)

    FIGURE 16: NORTH AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2022-2030 (IN $ BILLION)

    FIGURE 17: WORKING OF GASIFICATION OF BIOMASS

    FIGURE 18: NORTH AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2022-2030 (IN $ BILLION)

    FIGURE 19: NORTH AMERICA BIOMASS POWER MARKET, BY LFG, 2022-2030 (IN $ BILLION)

    FIGURE 20: NORTH AMERICA BIOMASS POWER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 21: NORTH AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2022-2030 (IN $ BILLION)

    FIGURE 22: NORTH AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2022-2030 (IN $ BILLION)

    FIGURE 23: NORTH AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2022-2030 (IN $ BILLION)

    FIGURE 24: NORTH AMERICA BIOMASS POWER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: UNITED STATES BIOMASS POWER MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 26: CANADA BIOMASS POWER MARKET, 2022-2030 (IN $ BILLION)       

    1. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ BILLION & IN TERMS OF VOLUME: MILLION MWH)
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY FEEDSTOCK (IN TERMS OF REVENUE: $ BILLION & IN TERMS OF VOLUME: MILLION MWH)
      • SOLID BIOMASS
      • LIQUID BIOMASS
      • BIOGAS
      • MUNICIPAL SOLID WASTE
    2. MARKET BY TECHNOLOGY
      • ANAEROBIC DIGESTION
      • COMBUSTION
      • GASIFICATION
      • CO-FIRING & CHP
      • LFG
    3. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL
      • INDUSTRIAL

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