Brazil Biomass Power Market Size & Outlook, 2024-2030
Global Market
Related Markets
Brazil biomass power market highlights
- The Brazil biomass power market generated a revenue of USD 2,390.8 million in 2023 and is expected to reach USD 4,278.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2023.
- Liquid Biofuel is the most lucrative feedstock segment registering the fastest growth during the forecast period.
Biomass power market data book summary
| Market revenue in 2023 | USD 2,390.8 million |
| Market revenue in 2030 | USD 4,278.5 million |
| Growth rate | 8.7% (CAGR from 2024 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Biogas |
| Key market players worldwide | Mitsubishi Heavy Industries Ltd, Xcel Energy Inc, Ramboll, Babcock & Wilcox Enterprises Inc, Orsted A/S, Ameresco Inc Class A, GE Aerospace, Veolia Environnement SA |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.8% of the global biomass power market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biomass power market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,278.5 million by 2030.
Brazil is the largest South American economy and is a part of BRICS. Rising environmental concerns have resulted in the government making supportive policies and plans to limit the carbon footprint of the country.
According to the National Energy Plan, the government has set a target to make the share of renewable energy around 45% in the power mix of Brazil by 2030. Brazil set a new record for energy generation from biomass in 2023, reaching 3,218 average megawatts (MW), constituting 4.6% of the country's total energy consumption.
This surpassed Brazil's previous record of 3,140 MW set in 2020. The report notes that Brazil is working to be a global leader in the energy transition, with 93.6% of its electricity generated from renewable sources in 2023. The country is expected to increase biomass energy output by 1,155 MW in 2024, setting a new record. In 2020, the Brazilian Ministry of Mines and Energy announced the schedule for the next energy auctions.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2,250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | www.babcock.com |
| Veolia Environnement SA | View profile | 218,288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | www.veolia.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86,331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | www.mhi.com |
| Ramboll | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | www.ramboll.com/ |
| Xcel Energy Inc | View profile | 11,311 | 414 Nicollet Mall, Minneapolis, MN, United States, 55401 | www.xcelenergy.com |
| Ameresco Inc Class A | View profile | 1,503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | www.ameresco.com |
| Orsted A/S | View profile | 8,900 | Kraftvaerksvej 53, Skaerbaek, Fredericia, Denmark, DK-7000 | www.orsted.com |
Brazil Biomass Power Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biomass Power Market Outlook will help companies and investors design strategic landscapes.
Solid Biofuel was the largest segment with a revenue share of 104.53% in 2023.
Horizon Databook has segmented the Brazil biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest South American economy and is a part of BRICS. Rising environmental concerns have resulted in the government making supportive policies and plans to limit the carbon footprint of the country.
According to the National Energy Plan, the government has set a target to make the share of renewable energy around 45% in the power mix of Brazil by 2030. Brazil set a new record for energy generation from biomass in 2023, reaching 3,218 average megawatts (MW), constituting 4.6% of the country's total energy consumption.
This surpassed Brazil's previous record of 3,140 MW set in 2020. The report notes that Brazil is working to be a global leader in the energy transition, with 93.6% of its electricity generated from renewable sources in 2023. The country is expected to increase biomass energy output by 1,155 MW in 2024, setting a new record. In 2020, the Brazilian Ministry of Mines and Energy announced the schedule for the next energy auctions.
- Brazil Biomass Power Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Brazil Biomass Power Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Combustion
- Anaerobic Digestion
- Gasification
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Biomass Power Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Biomass Power Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Biomass Power Market, 2018-2030 (US$M)
Brazil Feedstock - Biomass Power Market Statistics, 2023 - 2030 (US$M)
