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.

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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.

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