Summary
Objective
The competitive landscape of the Global Biomass Power Generation market highlights key players' strategies and identifies growth opportunities. It aims to offer insights into market trends, pricing approaches, and technological advancements. Furthermore, it evaluates the market share and performance of leading companies in the biomass power generation market globally.
Scope
The scope of competitive analysis in the biomass power generation market provides an in-depth look into the interplay of market dynamics, top Manufacturers of Biomass power generation, and cutting-edge technological breakthroughs influencing the sector. This analysis evaluates leading manufacturers based on their product offerings, innovations, and strategic moves, such as partnerships and collaborations. It explores market entry barriers, pricing strategies, and evolving customer preferences that shape competitive positioning. Furthermore, it examines emerging applications in high-growth sectors like residential, commercial and industrial significant opportunities for market growth. By understanding these crucial elements, stakeholders can develop informed strategies to boost biomass power generation market presence and capitalize on trends driving the biomass power generation industry.
Summary
Global Biomass Power Generation Market size is expected to reach nearly US$ 82.87 Bn. by 2030 with the CAGR of 5.9% during the forecast period (2024-2030). The key players' growth depends on the market and economic conditions, industrial development and government regulations. Therefore, the players should focus on growing their production capacity to meet the demand and increase their product portfolio. Dalkia, Babcock & Wilcox Enterprises, Inc, Vattenfall AB Ameresco Inc., Drax Group, Orsted A/S, Mitsubishi Heavy Industries, Ltd, and Statkraft AS are the major players in the biomass power generation market at the present that are competing in terms of quality, price, and availability. These companies are mostly focusing on the development of biomass. Although the global players dominate the biomass power generation market, regional and local players with small market shares also have a moderate presence. The international companies with a global presence, with established manufacturing units or sales offices, have strengthened their presence across major regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Drax Group plc
• Introduction: The company is a prominent energy company headquartered in the U.K., mainly focused on renewable energy production. It uses the Drax Power Station, one of the world’s largest biomass-fuelled plants.
• Key Contributions: Drax Group has transitioned from coal-based energy to renewable biomass, substantially reducing carbon emissions. Drax sources environmental wood pellets and is heavily invested in carbon capture and storage (CCS) technologies to improve environmental impact.
• Market Presence: Drax Group is a leader in renewable power generation with a strong presence in Europe and North America, producing nearly 12% of the UK’s renewable energy.
2. Enviva LP
• Introduction: The U.S. based Enviva is a global leader in the production of industrial-grade wood pellets used in biomass energy generation. The company aims on environmental forest management practices and reducing greenhouse gas emissions.
• Key Contributions: Enviva gives high-quality biomass fuel to power plants across Asia and Europe. It is given to minimizing environmental impact by confirming sustainable harvesting practices and continuing transparency in its operations.
• Market Presence: Enviva has a strong distribution network and long-term supply agreements with international energy producers, confirming its leading role in the biomass supply chain.
3. The Babcock & Wilcox Company
• Introduction: Babcock & Wilcox (B&W) is an established leader in energy and environmental technologies, with solutions for biomass power generation. The company offers advanced systems for burning biomass fuels cleanly and efficiently.
• Key Contributions: B&W provides technologies like fluidized bed boilers and waste-to-energy solutions that enhance energy conversion from biomass. It is known for cutting emissions and improving plant efficiency.
• Market Presence: With a strong worldwide footprint, B&W serves services and industrial customers in Europe, North America, and Asia. Its advanced solutions make it a major player in advancing renewable energy.
Recent development
• In February 2024, Seiko Epson Corporation named its plans to build its first biomass power plant in Iida City, Nagano Prefecture, Japan. The company goals to have the plant operational by 2026, aiming on becoming carbon-negative and using renewable electricity to achieve its decarbonization goals.
• In March 2023, Japan-based renewable energy manufacturer Renova began companies at the 75 MW Ishinomaki Hibarino biomass power plant in Miyagi Prefecture. The efficiency utilizes wood pellets and palm kernel shells to produce nearly 530 GWh of electricity annually. Despite facing initial delays, the plant's positive launch marks a significant step in increasing Japan's renewable energy efforts.
• In July 2023, ABB has indicated a contract with TOYO Engineering Corporation in Japan to supply its distributed control system (DCS) ABB Ability Symphony Plus, to the Wakayama Gobo Biomass Power Plant, in 120 km south of Osaka. The 50 MW biomass power plant, which will use wood pellets and agricultural byproduct as a feedstock, will be qualified of supplying enough power for up to 110,000 Japanese households a year.
Drax Group plc
• Introduction: The company is a prominent energy company headquartered in the U.K., mainly focused on renewable energy production. It uses the Drax Power Station, one of the world’s largest biomass-fuelled plants.
• Key Contributions: Drax Group has transitioned from coal-based energy to renewable biomass, substantially reducing carbon emissions. Drax sources environmental wood pellets and is heavily invested in carbon capture and storage (CCS) technologies to improve environmental impact.
• Market Presence: Drax Group is a leader in renewable power generation with a strong presence in Europe and North America, producing nearly 12% of the UK’s renewable energy.
2. Enviva LP
• Introduction: The U.S. based Enviva is a global leader in the production of industrial-grade wood pellets used in biomass energy generation. The company aims on environmental forest management practices and reducing greenhouse gas emissions.
• Key Contributions: Enviva gives high-quality biomass fuel to power plants across Asia and Europe. It is given to minimizing environmental impact by confirming sustainable harvesting practices and continuing transparency in its operations.
• Market Presence: Enviva has a strong distribution network and long-term supply agreements with international energy producers, confirming its leading role in the biomass supply chain.
3. The Babcock & Wilcox Company
• Introduction: Babcock & Wilcox (B&W) is an established leader in energy and environmental technologies, with solutions for biomass power generation. The company offers advanced systems for burning biomass fuels cleanly and efficiently.
• Key Contributions: B&W provides technologies like fluidized bed boilers and waste-to-energy solutions that enhance energy conversion from biomass. It is known for cutting emissions and improving plant efficiency.
• Market Presence: With a strong worldwide footprint, B&W serves services and industrial customers in Europe, North America, and Asia. Its advanced solutions make it a major player in advancing renewable energy.
Recent development
• In February 2024, Seiko Epson Corporation named its plans to build its first biomass power plant in Iida City, Nagano Prefecture, Japan. The company goals to have the plant operational by 2026, aiming on becoming carbon-negative and using renewable electricity to achieve its decarbonization goals.
• In March 2023, Japan-based renewable energy manufacturer Renova began companies at the 75 MW Ishinomaki Hibarino biomass power plant in Miyagi Prefecture. The efficiency utilizes wood pellets and palm kernel shells to produce nearly 530 GWh of electricity annually. Despite facing initial delays, the plant's positive launch marks a significant step in increasing Japan's renewable energy efforts.
• In July 2023, ABB has indicated a contract with TOYO Engineering Corporation in Japan to supply its distributed control system (DCS) ABB Ability Symphony Plus, to the Wakayama Gobo Biomass Power Plant, in 120 km south of Osaka. The 50 MW biomass power plant, which will use wood pellets and agricultural byproduct as a feedstock, will be qualified of supplying enough power for up to 110,000 Japanese households a year.Table of Content
1. Global Biomass Power Generation Market Competition Matrix
1.1. Market Structure
1.1.1. Market Leaders
1.1.2. Market Followers
1.1.3. Emerging Players
2. Competitive Benchmarking of key players
3. Mergers and Acquisition in Global Biomass Power Generation Market
4. Global Biomass Power Generation Market Manufacturing Company Profile: Key Players
4.1. Forth Energy Ltd.
• Company Overview
• Business Portfolio
• Financial Overview
• SWOT Analysis
• Strategic Analysis
• Awards Received by the Firm
• Recent Developments
4.2. Helius Energy Plc
4.3. Ameresco, Inc.
4.4. The Babcock & Wilcox Company
4.5. DONG Energy A/S
4.6. Vattenfall AB
4.7. Sodra Cell Varo Pulp Mill
4.8. Rudorsdorfer Zement
4.9. MGT Power Ltd.
4.10. Lahti Energia
4.11. Enviva LP
4.12. Drax Group plc
4.13. Corenso United
4.14. Alstom SA
4.15. John Wood Group
4.16. Others Key Players
