바이오매스 발전 시장 예측(-2034년) : 원료, 발전소 용량, 발전 구성, 계통 연계, 프로젝트 유형별, 소유 형태, 변환 기술, 용도, 최종사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Biomass Power Generation Market is accounted for $106.7 billion in 2026 and is expected to reach $154.0 billion by 2034 growing at a CAGR of 4.7% during the forecast period. The Biomass power generation market involves producing electricity and heat from renewable organic resources such as agricultural waste, forestry residues, wood fuels, animal waste, biogas, and other biomass materials. Demand is increasing as countries prioritize renewable electricity, sustainable waste utilization, energy independence, and emissions reduction. Biomass facilities employ direct combustion, gasification, anaerobic digestion, and co-firing technologies across utility-scale and decentralized power applications. Government incentives, renewable-energy programs, decarbonization initiatives, and growing investments in clean-energy infrastructure are strengthening market opportunities. Additionally, the increasing adoption of distributed power generation and combined heat and power systems is contributing to the continued expansion of biomass-based electricity generation worldwide.

Market Dynamics:

Driver:

Increasing Availability of Biomass Feedstocks

Abundant supplies of agricultural waste, forestry residues, wood-industry by-products, livestock waste, and organic municipal materials are creating favorable conditions for biomass-based electricity generation. These resources provide power producers with opportunities to transform materials that might otherwise require disposal into useful energy inputs. Developments in biomass harvesting, collection, storage, transportation, and preprocessing are improving the reliability of feedstock supply chains. Local sourcing can also reduce waste-management costs while supporting regional economic activity. With industries and governments placing greater emphasis on resource efficiency and circular-economy practices, the increasing utilization of available organic materials for electricity production is expected to support additional biomass power capacity and market growth.

Restraint:

High Initial Capital Investment

Significant capital expenditure can limit the development of biomass power generation facilities, particularly for smaller project developers. Biomass plants require investment in generation equipment, fuel-handling infrastructure, storage systems, emissions-control technologies, land, transmission connections, and supporting facilities. Additional spending may be necessary to establish reliable biomass collection and transportation networks. In markets where financing costs are high or access to capital is limited, these expenses can negatively affect project feasibility. Long investment recovery periods may further discourage investors. Compared with some renewable technologies requiring relatively simpler infrastructure, biomass projects can therefore face greater financial barriers, potentially slowing new capacity additions and limiting market expansion in cost-sensitive regions.

Opportunity:

Advancement of Biomass Conversion Technologies

Innovation across biomass conversion and power-generation technologies is creating opportunities to improve the efficiency, flexibility, and reliability of biomass facilities. Advances in combustion systems, gasification, anaerobic digestion, fuel preparation, emissions control, automation, and digital monitoring can enable plants to process diverse feedstocks more effectively. Improved equipment can increase energy recovery, optimize fuel consumption, enhance operational availability, and reduce environmental impacts. Advanced monitoring systems can also support predictive maintenance and better plant management. As technology developers introduce increasingly sophisticated solutions, existing facilities can be modernized while new projects can adopt higher-performance systems. These developments can strengthen biomass competitiveness and create opportunities for equipment suppliers and project developers.

Threat:

Stricter Sustainability and Environmental Regulations

Tightening environmental standards can create challenges for biomass power developers by increasing compliance requirements and limiting the types of feedstocks that can be used. Regulatory authorities are increasingly examining biomass sustainability, carbon performance, forestry practices, air pollution, biodiversity, and land-use impacts. Projects relying on questionable or unsustainably sourced materials may encounter certification requirements, permitting delays, or restrictions on renewable-energy incentives. Additional investments in emissions monitoring and pollution-control equipment may also be necessary. Higher compliance expenses and longer approval processes can weaken project economics. As sustainability requirements continue evolving, biomass facilities may face increased operational costs and greater uncertainty regarding future eligibility for regulatory and financial support.

Covid-19 Impact:

The COVID-19 outbreak created temporary challenges for biomass power generation through interruptions in supply chains, transportation, construction, and equipment manufacturing. Restrictions on mobility made it harder to collect and transport agricultural residues, forestry materials, and other biomass feedstocks. Delayed deliveries and workforce limitations slowed the development and commissioning of new power facilities. Reduced industrial production also weakened electricity and thermal-energy demand in several markets, affecting biomass plant operations. Despite these disruptions, the sector maintained some stability because electricity generation remained essential and governments continued supporting renewable-energy development. As restrictions eased, industrial activity, logistics networks, and project construction recovered, improving prospects for biomass power generation.

The Woody Biomass segment is expected to be the largest during the forecast period

The Woody Biomass segment is expected to account for the largest market share during the forecast period, driven by its broad availability, mature logistics networks, and suitability for utility-scale and combined heat and power facilities. Materials such as wood chips, pellets, sawmill residues, and forestry by-products offer suitable fuel properties for established biomass combustion technologies. Existing power plants can efficiently integrate these feedstocks using proven boilers and generation equipment, supporting operational reliability. The expanding use of wood-processing and forestry residues for renewable electricity production is further supporting adoption. Strong fuel characteristics and established infrastructure position woody biomass as a leading feedstock for biomass power generation.

The Rural and Remote Electrification segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the Rural and Remote Electrification segment is predicted to witness the highest growth rate, supported by rising initiatives to provide dependable electricity to remote and underserved communities while lowering reliance on diesel generation. Biomass systems can convert locally sourced agricultural residues, forestry materials, and organic wastes into electricity, making them appropriate for decentralized applications. Their compatibility with isolated networks and microgrids enables power supply where conventional grid infrastructure remains limited. Increasing government support for renewable energy, rural development, and distributed generation is creating favorable opportunities for biomass projects. The need for reliable, locally available, and sustainable electricity is expected to accelerate adoption across remote regions.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by plentiful biomass feedstocks, rising investment in renewable electricity, and increasing power requirements throughout the region. Extensive agricultural and forestry activities provide significant quantities of residues that can be converted into electricity and useful heat. Supportive policies focused on clean energy, waste-to-energy development, rural electrification, and emissions reduction are further promoting biomass projects. Increasing adoption of decentralized power systems and combined heat and power facilities is supporting regional expansion. Industrial growth, growing concerns over energy security, and sustainable management of agricultural and municipal waste are expected to reinforce biomass power generation opportunities.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by rising deployment of renewable power projects, waste-to-energy facilities, and sustainable electricity solutions. The availability of agricultural materials, forestry residues, and other organic resources provides a strong foundation for biomass-based generation. Increasing emphasis on waste utilization, emissions reduction, and cleaner energy systems is encouraging greater adoption among utilities and industrial users. Advancements in biomass combustion, gasification, and combined heat and power technologies are improving operational performance and project viability.

Key players in the market

Some of the key players in Biomass Power Generation Market include Valmet Oyj, ANDRITZ AG, Babcock & Wilcox Enterprises, Inc., Sumitomo SHI FW, Mitsubishi Heavy Industries, Ltd., Doosan Enerbility Co., Ltd., Thermax Limited, Bharat Heavy Electricals Limited , Isgec Heavy Engineering Limited, JFE Engineering Corporation, IHI Corporation, China Everbright Environment Group Limited, EnviTec Biogas AG, DP CleanTech, John Wood Group PLC, Drax Group plc, RWE AG and Burmeister & Wain Scandinavian Contractor A/S.

Key Developments:

In August 2026, Sumitomo SHI FW signed a contract with QEMETICA, together with Mostostal Zabrze Realizacje Przemyslowe, to convert a coal-fired boiler at QEMETICA's Inowroclaw, Poland, soda plant into a 100% biomass-fired boiler.

In April 2026, Drax signed a new contract with Ultrabulk through March 2031 to transport biomass pellets by sea. The agreement includes commitments to reduce transport-related carbon emissions each year, strengthening collaboration on lower-carbon biomass logistics.

In January 2026, ANDRITZ announced a strategic wear-parts supply agreement with Drax for its North American pellet operations. Under the agreement, ANDRITZ will supply premium wear parts intended to support uninterrupted operation and optimized performance at Drax's wood-pellet facilities.

Feedstocks Covered:

• Woody Biomass
• Agricultural Residues
• Forest Residues
• Animal Waste
• Energy Crops
• Municipal Organic Waste
• Industrial Biomass Waste
• Biogas
• Landfill Gas

Plant Capacities Covered:

• Small-Scale
• Medium-Scale
• Large-Scale

Generation Configurations Covered:

• Dedicated Biomass Power Generation
• Biomass Combined Heat and Power
• Biomass Co-generation
• Captive Biomass Power Generation
• Distributed Biomass Power Generation

Grid Connectivitys Covered:

• Grid-Connected
• Off-Grid
• Microgrid-Connected

Project Types Covered:

• Greenfield Projects
• Brownfield Projects
• Plant Expansion and Upgradation
• Waste-to-Energy Projects
• Biomass Repowering Projects

Ownership Models Covered:

• Utility-Owned
• Private-Owned
• Public-Owned
• Public-Private Partnership

Conversion Technologies Covered:

• Direct Combustion
• Gasification
• Anaerobic Digestion
• Co-firing
• Landfill Gas-to-Energy

Applications Covered:

• Utility Electricity Generation
• Industrial Process Power
• Commercial Power Generation
• District Energy
• Rural and Remote Electrification

End Users Covered:

• Utilities
• Industrial
• Commercial
• Municipal
• Institutional
• Residential

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 Generation Market, By Feedstock

• 5.1 Woody Biomass
• 5.2 Agricultural Residues
• 5.3 Forest Residues
• 5.4 Animal Waste
• 5.5 Energy Crops
• 5.6 Municipal Organic Waste
• 5.7 Industrial Biomass Waste
• 5.8 Biogas
• 5.9 Landfill Gas

6 Global Biomass Power Generation Market, By Plant Capacity

• 6.1 Small-Scale
• 6.2 Medium-Scale
• 6.3 Large-Scale

7 Global Biomass Power Generation Market, By Generation Configuration

• 7.1 Dedicated Biomass Power Generation
• 7.2 Biomass Combined Heat and Power
• 7.3 Biomass Co-generation
• 7.4 Captive Biomass Power Generation
• 7.5 Distributed Biomass Power Generation

8 Global Biomass Power Generation Market, By Grid Connectivity

• 8.1 Grid-Connected
• 8.2 Off-Grid
• 8.3 Microgrid-Connected

9 Global Biomass Power Generation Market, By Project Type

• 9.1 Greenfield Projects
• 9.2 Brownfield Projects
• 9.3 Plant Expansion and Upgradation
• 9.4 Waste-to-Energy Projects
• 9.5 Biomass Repowering Projects

10 Global Biomass Power Generation Market, By Ownership Model

• 10.1 Utility-Owned
• 10.2 Private-Owned
• 10.3 Public-Owned
• 10.4 Public-Private Partnership

11 Global Biomass Power Generation Market, By Conversion Technology

• 11.1 Direct Combustion
• 11.2 Gasification
• 11.3 Anaerobic Digestion
• 11.4 Co-firing
• 11.5 Landfill Gas-to-Energy

12 Global Biomass Power Generation Market, By Application

• 12.1 Utility Electricity Generation
• 12.2 Industrial Process Power
• 12.3 Commercial Power Generation
• 12.4 District Energy
• 12.5 Rural and Remote Electrification

13 Global Biomass Power Generation Market, By End User

• 13.1 Utilities
• 13.2 Industrial
• 13.3 Commercial
• 13.4 Municipal
• 13.5 Institutional
• 13.6 Residential

14 Global Biomass Power Generation 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 Valmet Oyj
• 17.2 ANDRITZ AG
• 17.3 Babcock & Wilcox Enterprises, Inc.
• 17.4 Sumitomo SHI FW
• 17.5 Mitsubishi Heavy Industries, Ltd.
• 17.6 Doosan Enerbility Co., Ltd.
• 17.7 Thermax Limited
• 17.8 Bharat Heavy Electricals Limited
• 17.9 Isgec Heavy Engineering Limited
• 17.10 JFE Engineering Corporation
• 17.11 IHI Corporation
• 17.12 China Everbright Environment Group Limited
• 17.13 EnviTec Biogas AG
• 17.14 DP CleanTech
• 17.15 John Wood Group PLC
• 17.16 Drax Group plc
• 17.17 RWE AG
• 17.18 Burmeister & Wain Scandinavian Contractor A/S