바이오매스 발전 시장 예측(-2034년) : 원료, 변환 기술, 플랜트 용량, 발전소 유형, 용도, 최종사용자, 소유 모델, 계통 연계, 기술 프로바이더, 지역별 세계 분석

According to Stratistics MRC, the Global Biomass Power Market is accounted for $81.2 billion in 2026 and is expected to reach $131.3 billion by 2034 growing at a CAGR of 6.2% during the forecast period. Biomass power refers to electricity generated from organic materials including wood, agricultural residues, energy crops, municipal solid waste, and animal manure through various conversion technologies including direct combustion, gasification, anaerobic digestion, pyrolysis, co-firing, and combined heat and power (CHP) systems. The market serves plant capacities ranging from below 1 MW to above 50 MW, catering to distributed and utility-scale power generation applications. Growing focus on renewable energy sources, increasing demand for sustainable waste management solutions, and supportive government policies and incentives for renewable energy are key drivers of market expansion across all regions.

Market Dynamics:

Driver:

Increasing global focus on renewable energy and decarbonization

The growing global commitment to reducing greenhouse gas emissions and transitioning to renewable energy sources is a primary driver for the biomass power market. Biomass power offers a dispatchable, reliable renewable energy source that can provide baseload and flexible power generation, complementing intermittent sources including solar and wind. Government policies including renewable portfolio standards, feed-in tariffs, tax incentives, and carbon pricing mechanisms are supporting biomass power development. International climate agreements and national decarbonization targets are accelerating renewable energy investment. As countries seek to diversify their energy mix and reduce fossil fuel dependence, biomass power is gaining recognition as a valuable renewable energy source, sustaining strong market growth.

Restraint:

High capital costs and feedstock availability challenges

The significant capital investment required for biomass power plants and challenges in securing consistent, cost-effective feedstock supply represent a major restraint for the market. Biomass power plants require substantial upfront investment in conversion equipment, fuel handling systems, and emissions control technology. Feedstock availability, quality, and cost can vary seasonally and regionally, affecting plant economics. Competition for biomass feedstocks from other industries including wood products and biofuels can affect supply and pricing. Logistics and transportation costs for bulky biomass materials add operational expenses. These cost and feedstock challenges may limit plant viability, particularly in regions with limited biomass resources or competing uses.

Opportunity:

Integration with waste management and circular economy initiatives

The growing focus on waste management and circular economy principles presents significant opportunities for biomass power market expansion. Biomass power can utilize agricultural residues, forestry waste, and municipal solid waste that might otherwise be landfilled or burned uncontrolled. Converting waste to energy addresses multiple sustainability objectives including waste reduction, methane emission avoidance, and renewable energy generation. Increasing waste generation and landfill constraints in many regions create demand for waste-to-energy solutions. Government policies promoting waste diversion and sustainable waste management support development. As waste management challenges intensify and circular economy initiatives expand, biomass power from waste feedstocks captures growing market share.

Threat:

Competition from other renewable energy sources

Intense competition from other renewable energy sources including solar, wind, and hydropower poses a significant threat to the biomass power market. Solar and wind power have experienced dramatic cost reductions, becoming increasingly cost-competitive with all generation sources. Falling battery storage costs are addressing intermittency challenges that previously favored dispatchable biomass power. Government incentives and policy support often favor wind and solar due to their lower costs and scalability. This competition may limit biomass power market share, particularly in regions with abundant solar and wind resources. Biomass must continue demonstrating its unique value proposition including dispatchability and waste management benefits.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the biomass power market. Initial disruptions included project delays, supply chain interruptions, and reduced electricity demand during lockdowns. Construction and commissioning of new biomass facilities were temporarily affected. However, the pandemic reinforced government commitment to renewable energy as part of economic recovery packages. Renewable energy targets remained a priority in many regions. Waste management needs continued, supporting waste-to-energy projects. Post-pandemic, biomass power continues as a valuable renewable energy source, supported by decarbonization commitments and waste management needs.

The Direct Combustion segment is expected to be the largest during the forecast period

The Direct Combustion segment is expected to account for the largest market share during the forecast period, driven by its established technology, proven reliability, and broad applicability across diverse biomass feedstocks. Direct combustion involves burning biomass in a boiler to generate steam that drives turbines for electricity generation. This technology is well-understood, mature, and widely deployed globally, with extensive operating experience. The segment benefits from lower technological risk compared to emerging technologies and cost-effective implementation for many applications. Direct combustion plants can handle various feedstocks including wood chips, agricultural residues, and dedicated energy crops. With established infrastructure and proven performance, direct combustion maintains the largest market share throughout the forecast period.

The 1-10 MW segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the 1-10 MW segment is predicted to witness the highest growth rate, fueled by advantages in project financing, feedstock logistics, and suitability for distributed generation applications. Plants in this capacity range offer manageable capital requirements, simpler permitting processes, and easier feedstock procurement compared to larger facilities. They are well-suited for community-scale projects, industrial applications, and agricultural areas with local feedstock availability. The segment benefits from growing interest in distributed renewable energy and combined heat and power applications. As decentralized energy systems gain traction and project development accelerates, the 1-10 MW segment delivers the fastest capacity range growth.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, supported by abundant biomass resources, established forest products industry, and supportive renewable energy policies. The United States and Canada have significant biomass resources from forestry, agriculture, and waste streams, supporting power generation. Established pulp and paper industry infrastructure facilitates biomass co-firing and conversion. State and provincial renewable energy policies support biomass development. Strong technology innovation in advanced biomass conversion technologies contributes to market growth. With abundant resources and policy support, North America maintains its dominant market position.

Region with highest CAGR:

Over the forecast period, the Asia-Pacific region is anticipated to exhibit the highest CAGR, driven by rapid industrialization, growing energy demand, and increasing focus on renewable energy development across countries including China, India, Indonesia, and Southeast Asia. The region has abundant biomass resources from agriculture, forestry, and waste streams. Growing energy demand and concerns about energy security are driving interest in biomass power. Government renewable energy targets and waste management initiatives are supporting project development. Rapidly growing economies create substantial demand for new power generation. As renewable energy investment accelerates and biomass projects scale, Asia Pacific delivers the fastest biomass power market growth globally.

Key players in the market

Some of the key players in Biomass Power Market include GE Vernova Inc., ANDRITZ AG, Valmet Oyj, Babcock & Wilcox Enterprises, Inc., Veolia Environnement S.A., Drax Group plc, Mitsubishi Heavy Industries, Ltd., Hitachi Zosen Corporation, Sumitomo Heavy Industries, Ltd., DP CleanTech Group Limited, VYNCKE NV, HoSt Group, BWSC A/S, John Wood Group PLC, Thermax Limited, Babcock International Group PLC, CNIM Group, and Sugimat S.L.

Key Developments:

In May 2026, Thermax's wholly owned subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), successfully locked in a massive boiler package production contract valued at roughly ₹1,600 crore to manufacture large-scale utility infrastructure components for an ultra-supercritical thermal energy development in Central India.

In May 2026, ANDRITZ joined stakeholders across the bioenergy ecosystem to formally form the Advanced Woody Biomass Alliance, expanding from its previous baseline structure within the US Industrial Pellet Association to push global policy and tech investments into diversified renewable carbon applications.

In April 2026, UK power station analysis revealed that Drax entered its final 12 months of high-level subsidy payouts under its current policy framework. While public funding is projected to drop by roughly half to £460 million annually starting in 2027, the scale of its active fuel conversions ensures it remains a vital pillar of the UK grid base.

In March 2026, GE Vernova signed a strategic Memorandum of Understanding (MoU) focused on building out High Voltage Direct Current (HVDC) utility lines to modernize regional grids and accommodate highly volatile loads from densified renewable energy systems, alongside its global fleet of heavy-duty turbines surpassing 4 million commercial operating hours.

Feedstocks Covered:

• Woody Biomass
• Agricultural Residues
• Animal Waste
• Municipal Solid Waste
• Energy Crops
• Industrial Organic Waste

Conversion Technologies Covered:

• Direct Combustion
• Gasification
• Anaerobic Digestion
• Pyrolysis
• Co-firing
• Combined Heat and Power (CHP)

Plant Capacities Covered:

• Below 1 MW
• 1-10 MW
• 10-25 MW
• 25-50 MW
• Above 50 MW

Plant Types Covered:

• Dedicated Biomass Power Plants
• CHP Biomass Plants
• Biomass Co-firing Plants
• Biogas Power Plants
• Waste-to-Energy Biomass Plants

Applications Covered:

• Utility Power Generation
• Industrial Power Generation
• Commercial Power Generation
• District Heating and Cogeneration
• Off-grid and Rural Electrification

End Users Covered:

• Utilities
• Industrial Facilities
• Commercial Establishments
• Government and Public Infrastructure
• Independent Power Producers (IPPs)

Ownership Models Covered:

• Public
• Private
• Public-Private Partnership (PPP)

Grid Connectivity Covered:

• Grid Connected
• Off-grid
• Microgrid

Technology Providers Covered:

• Boiler Technology
• Turbine Technology
• Gasifier Systems
• Biogas Digester Systems
• Emission Control Systems
• Balance of Plant Equipment

Regions Covered:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Sweden
  • Switzerland
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of South America
• Rest of the World (RoW)
  • Middle East
• Saudi Arabia
• United Arab Emirates
• Qatar
• Israel
• Rest of Middle East
  • Africa
• South Africa
• Egypt
• Morocco
• Rest of Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

• 1.1 Market Snapshot and Key Highlights
• 1.2 Growth Drivers, Challenges, and Opportunities
• 1.3 Competitive Landscape Overview
• 1.4 Strategic Insights and Recommendations

2 Research Framework

• 2.1 Study Objectives and Scope
• 2.2 Stakeholder Analysis
• 2.3 Research Assumptions and Limitations
• 2.4 Research Methodology
  • 2.4.1 Data Collection (Primary and Secondary)
  • 2.4.2 Data Modeling and Estimation Techniques
  • 2.4.3 Data Validation and Triangulation
  • 2.4.4 Analytical and Forecasting Approach

3 Market Dynamics and Trend Analysis

• 3.1 Market Definition and Structure
• 3.2 Key Market Drivers
• 3.3 Market Restraints and Challenges
• 3.4 Growth Opportunities and Investment Hotspots
• 3.5 Industry Threats and Risk Assessment
• 3.6 Technology and Innovation Landscape
• 3.7 Emerging and High-Growth Markets
• 3.8 Regulatory and Policy Environment
• 3.9 Impact of COVID-19 and Recovery Outlook

4 Competitive and Strategic Assessment

• 4.1 Porter's Five Forces Analysis
  • 4.1.1 Supplier Bargaining Power
  • 4.1.2 Buyer Bargaining Power
  • 4.1.3 Threat of Substitutes
  • 4.1.4 Threat of New Entrants
  • 4.1.5 Competitive Rivalry
• 4.2 Market Share Analysis of Key Players
• 4.3 Product Benchmarking and Performance Comparison

5 Global Biomass Power Market, By Feedstock

• 5.1 Woody Biomass
  • 5.1.1 Forest Residues
  • 5.1.2 Wood Chips
  • 5.1.3 Sawdust and Wood Pellets
• 5.2 Agricultural Residues
  • 5.2.1 Bagasse
  • 5.2.2 Rice Husk
  • 5.2.3 Straw
  • 5.2.4 Corn Stover
  • 5.2.5 Coconut Shell and Husk
  • 5.2.6 Other Agricultural Residues
• 5.3 Animal Waste
  • 5.3.1 Poultry Litter
  • 5.3.2 Cattle Manure
  • 5.3.3 Swine Waste
• 5.4 Municipal Solid Waste
• 5.5 Energy Crops
  • 5.5.1 Switchgrass
  • 5.5.2 Miscanthus
  • 5.5.3 Willow
  • 5.5.4 Poplar
• 5.6 Industrial Organic Waste

6 Global Biomass Power Market, By Conversion Technology

• 6.1 Direct Combustion
• 6.2 Gasification
• 6.3 Anaerobic Digestion
• 6.4 Pyrolysis
• 6.5 Co-firing
• 6.6 Combined Heat and Power (CHP)

7 Global Biomass Power Market, By Plant Capacity

• 7.1 Below 1 MW
• 7.2 1-10 MW
• 7.3 10-25 MW
• 7.4 25-50 MW
• 7.5 Above 50 MW

8 Global Biomass Power Market, By Plant Type

• 8.1 Dedicated Biomass Power Plants
• 8.2 CHP Biomass Plants
• 8.3 Biomass Co-firing Plants
• 8.4 Biogas Power Plants
• 8.5 Waste-to-Energy Biomass Plants

9 Global Biomass Power Market, By Application

• 9.1 Utility Power Generation
• 9.2 Industrial Power Generation
• 9.3 Commercial Power Generation
• 9.4 District Heating and Cogeneration
• 9.5 Off-grid and Rural Electrification

10 Global Biomass Power Market, By End User

• 10.1 Utilities
• 10.2 Industrial Facilities
• 10.3 Commercial Establishments
• 10.4 Government and Public Infrastructure
• 10.5 Independent Power Producers (IPPs)

11 Global Biomass Power Market, By Ownership Model

• 11.1 Public
• 11.2 Private
• 11.3 Public-Private Partnership (PPP)

12 Global Biomass Power Market, By Grid Connectivity

• 12.1 Grid Connected
• 12.2 Off-grid
• 12.3 Microgrid

13 Global Biomass Power Market, By Technology Provider

• 13.1 Boiler Technology
• 13.2 Turbine Technology
• 13.3 Gasifier Systems
• 13.4 Biogas Digester Systems
• 13.5 Emission Control Systems
• 13.6 Balance of Plant Equipment

14 Global Biomass Power Market, By Geography

• 14.1 North America
  • 14.1.1 United States
  • 14.1.2 Canada
  • 14.1.3 Mexico
• 14.2 Europe
  • 14.2.1 United Kingdom
  • 14.2.2 Germany
  • 14.2.3 France
  • 14.2.4 Italy
  • 14.2.5 Spain
  • 14.2.6 Netherlands
  • 14.2.7 Belgium
  • 14.2.8 Sweden
  • 14.2.9 Switzerland
  • 14.2.10 Poland
  • 14.2.11 Rest of Europe
• 14.3 Asia Pacific
  • 14.3.1 China
  • 14.3.2 Japan
  • 14.3.3 India
  • 14.3.4 South Korea
  • 14.3.5 Australia
  • 14.3.6 Indonesia
  • 14.3.7 Thailand
  • 14.3.8 Malaysia
  • 14.3.9 Singapore
  • 14.3.10 Vietnam
  • 14.3.11 Rest of Asia Pacific
• 14.4 South America
  • 14.4.1 Brazil
  • 14.4.2 Argentina
  • 14.4.3 Colombia
  • 14.4.4 Chile
  • 14.4.5 Peru
  • 14.4.6 Rest of South America
• 14.5 Rest of the World (RoW)
  • 14.5.1 Middle East
    • 14.5.1.1 Saudi Arabia
    • 14.5.1.2 United Arab Emirates
    • 14.5.1.3 Qatar
    • 14.5.1.4 Israel
    • 14.5.1.5 Rest of Middle East
  • 14.5.2 Africa
    • 14.5.2.1 South Africa
    • 14.5.2.2 Egypt
    • 14.5.2.3 Morocco
    • 14.5.2.4 Rest of Africa

15 Strategic Market Intelligence

• 15.1 Industry Value Network and Supply Chain Assessment
• 15.2 White-Space and Opportunity Mapping
• 15.3 Product Evolution and Market Life Cycle Analysis
• 15.4 Channel, Distributor, and Go-to-Market Assessment

16 Industry Developments and Strategic Initiatives

• 16.1 Mergers and Acquisitions
• 16.2 Partnerships, Alliances, and Joint Ventures
• 16.3 New Product Launches and Certifications
• 16.4 Capacity Expansion and Investments
• 16.5 Other Strategic Initiatives

17 Company Profiles

• 17.1 GE Vernova Inc.
• 17.2 ANDRITZ AG
• 17.3 Valmet Oyj
• 17.4 Babcock & Wilcox Enterprises, Inc.
• 17.5 Veolia Environnement S.A.
• 17.6 Drax Group plc
• 17.7 Mitsubishi Heavy Industries, Ltd.
• 17.8 Hitachi Zosen Corporation
• 17.9 Sumitomo Heavy Industries, Ltd.
• 17.10 DP CleanTech Group Limited
• 17.11 VYNCKE NV
• 17.12 HoSt Group
• 17.13 BWSC A/S
• 17.14 John Wood Group PLC
• 17.15 Thermax Limited
• 17.16 Babcock International Group PLC
• 17.17 CNIM Group
• 17.18 Sugimat S.L.