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Biomass Power Generation Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The biomass power generation market size has seen strong growth in recent years. It is forecast to expand from $63.97 billion in 2025 to $68.48 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.1%. This historical growth can be linked to the availability of low cost biomass feedstock, the early adoption of biomass combustion plants, government incentives for renewable power, increasing waste to energy initiatives, and the growth in rural electrification programs.
The biomass power generation market is anticipated to experience substantial growth in the coming years. By 2030, its value is projected to reach $89.18 billion, growing at a compound annual growth rate (CAGR) of 6.8%. This expansion during the forecast period is largely driven by factors such as the proliferation of biomass gasification projects, an intensifying focus on carbon-neutral electricity, the increasing integration of smart monitoring systems in biomass plants, greater investment in waste-to-energy technologies, and a rise in demand for industrial biomass combined heat and power (CHP). Furthermore, key trends expected in this period include a greater utilization of renewable biomass feedstock, the expanding deployment of biomass CHP systems, advancements in biomass combustion technologies, broader application of agricultural and urban waste for power generation, and increasing financial commitment to decentralized biomass power plants.
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#Biomass Power Generation Market Demand Drivers Creating New Revenue Opportunities
Governmental efforts aimed at fostering biomass power generation are projected to stimulate expansion within the biomass power generation market. These initiatives encompass deliberate actions, programs, or policies implemented by governments to tackle particular challenges, fulfill objectives, or cater to public requirements. Leading nations’ governments provide monetary encouragements, including grants, subsidies, or tax breaks, to promote the creation and running of biomass power facilities. These financial aids lessen the economic strain on investors, thereby enhancing the economic feasibility of biomass projects. As an illustration, Natural Resources Canada, a governmental body based in Canada, indicated in August 2025 that Canada’s clean energy GDP is anticipated to reach $107 billion by 2030, underpinned by roughly $58 billion in yearly sector investments. Consequently, governmental programs for biomass power generation are a driving force for the biomass power generation market.
Biomass Power Generation Market Segment Analysis Highlighting Growth Areas
The biomass power generation market covered in this report is segmented –
1) By Feedstock: Woody Biomass, Agriculture And Forest Residues, Biogas And Energy Crops, Urban Residues, Landfill Gas (LFG) Feedstock
2) By Technology: Anaerobic Digestion, Combustion, Gasification, Co-firing And CHP, Landfill Gas (LFG)
3) By End-User: Commercial, Industrial, Residential
Subsegments:
1) By Woody Biomass: Wood Chips, Wood Pellets, Sawdust, Wood Logs, Bark
2) By Agriculture And Forest Residues: Crop Residues, Forest Residues, Agricultural Waste
3) By Biogas And Energy Crops: Biogas, Energy Crops
4) By Urban Residues: Municipal Solid Waste (MSW), Yard Waste, Paper Waste, Food Waste
5) By Landfill Gas (LFG) Feedstock: Methane from Landfill Gas
Biomass Power Generation Market Industry Trends Shaping Future Revenue Growth
Leading companies in the biomass power generation market are adopting a strategic partnership approach to enhance their competitive standing. Collaborations in this energy sector can yield numerous advantages, contributing to the success and sustainability of related projects. For example, in April 2023, Marubeni Corporation, a Japan-based trading company, formed an alliance with Taisei Corporation, a Japan-based real estate development company. Through this partnership, both companies commenced construction of the Ishikari Area Biomass Power Plant in Ishikari City, Hokkaido, which is anticipated to produce 9,950 kW of power. Furthermore, in December 2023, Air Burners, a US-based company specializing in manufacturing air curtain burner systems for biomass waste disposal, partnered with Rolls-Royce, a UK-based luxury automobile maker, and Volvo, a Swedish-based automotive company. Leveraging this strategic collaboration with Volvo and Rolls-Royce, Air Burners developed BioCharger, a portable machine capable of transforming biomass waste into energy. It is specifically designed to efficiently convert biomass waste into energy, offering off-grid power solutions for a variety of applications.
Biomass Power Generation Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the biomass power generation market are E.ON SE, ENGIE SA, Siemens AG, General Electric Company, Veolia Environnement SA, Mitsubishi Heavy Industries Ltd., ALSTOM Holdings, Dalkia by EDF Group, Drax Group PLC, Rockwell Automation Inc., MVV Energie AG, John Wood Group, Valmet Corporation, Alfa Laval, Aker Solutions, MEIDENSHA CORPORATION, Ameresco Inc., Ramboll Group A/S, Babcock & Wilcox Enterprises Inc., EnviTec Biogas AG, Vattenfall AB, WELTEC BIOPOWER GmbH, KASAG Swiss AG, Beltran Technologies Inc., Volue
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Biomass Power Generation Market Regional Analysis: Which Region Leads By Revenue?
Europe was the largest region in the biomass power generation market in 2025. The regions covered in the biomass power generation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
