Global Biomass Energy (Solid Biofuel, Liquid Biofuel) Market Size, Share & Trend Analysis and Segment Forecast Report 2022-2030

DUBLIN, March 11, 2022–(BUSINESS WIRE)–The “Biomass Energy Market Size, Share and Trend Analysis Report by Feedstock (Solid Biofuel, Liquid Biofuel), Technology (Combustion, Gasification ), by region (North America, EU, APAC) and “Industry Forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer.

The global biomass energy market size is expected to reach USD 203.61 billion by 2030 and is expected to grow at a CAGR of 6.0%

Rising concerns over greenhouse gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key driver for the growth of this market.

The COVID-19 pandemic has hampered the growth of the global market due to supply chain disruptions which have led to delays for some projects. Electricity demand has declined from non-essential commercial and industrial end-users due to the shutdown of operations during the lockdown.

These factors have led to delays in the construction of new biomass power plants and a reduction in power supply to existing biomass power plants. Solid biofuels have become the dominant feedstock segment in the market due to their easy availability. In addition, it is easier to use than liquid biofuel and biogas in power generation applications. The combustion technology segment accounted for the largest market share in 2021, in terms of revenue.

The growth of this segment can be attributed to the lower costs of combustion technology as compared to anaerobic digestion and gasification technologies. Europe has emerged as the main regional market due to the presence of supporting policies and plans, coupled with the announcement of the phasing out of coal-fired power plants by major European countries, such as the UK, Germany and France.

Biomass Energy Market Report Highlights

  • In terms of revenue, the solid biofuels segment accounted for the dominant revenue share in 2021 and is expected to increase further during the forecast period.

  • Germany dominated the European regional market and accounted for the maximum revenue share in 2021.

  • The high rate of fossil fuel depletion in the Europe region creates many growth opportunities for this market.

  • The European Union has set itself the objective of meeting a significant proportion of its energy needs from renewable sources.

  • The emphasis placed by the governments of the various countries in the region on reducing carbon emissions also creates many opportunities for the market.

  • Some of the major strategic initiatives undertaken by vendors in the biomass energy market include M&A and R&D activities, overseas business expansions, and strategic collaborations among market players.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive Summary

Chapter 3. Biomass Energy Market Variables, Trends and Scope

Chapter 4. Biomass Energy Market: Technology Estimates and Trend Analysis

Chapter 5. Biomass Energy Market: Raw Material Estimates and Trend Analysis

Chapter 6. Biomass Energy Market: Regional Estimates and Trend Analysis

Chapter 7. Competitive Analysis

Chapter 8. Business Profiles

For more information about this report visit https://www.researchandmarkets.com/r/yw38az

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220311005317/en/

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