Germany Biomass Power Market Size & Outlook, 2024-2030
Global Market
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Germany biomass power market highlights
- The Germany biomass power market generated a revenue of USD 9,226.8 million in 2023 and is expected to reach USD 13,254.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.4% 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 9,226.8 million |
| Market revenue in 2030 | USD 13,254.9 million |
| Growth rate | 5.4% (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, Germany accounted for 6.9% 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 Europe, Germany biomass power market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 7,761.0 million by 2030.
In the last decade, Germany has majorly relied on coal, natural gas, and nuclear energy as sources for power generation in the country. However, the rise in environmental concerns has led the Government of Germany to focus increasingly on the adoption of renewable energy.
To achieve this, the government of the country launched tenders for 287.85 MW biomass-fired power plants and 190.11 MW rooftop solar capacity additions in August 2023 as a part of its efforts to increase renewable energy generation in Germany.
The rooftop solar tender has a maximum bid price of USD 0.122 per kWh, while the biomass tender offers support of up to USD 0.22 per kWh for existing facilities and USD 0.19 per kWh for new ones. These initiatives align with the goal of the Government of Germany to generate 80% of its electricity from renewable sources by 2038, following its plan of 2023 to phase out nuclear power usage in the country.
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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 |
Germany 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 83.05% in 2023.
Horizon Databook has segmented the Germany biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
In the last decade, Germany has majorly relied on coal, natural gas, and nuclear energy as sources for power generation in the country. However, the rise in environmental concerns has led the Government of Germany to focus increasingly on the adoption of renewable energy.
To achieve this, the government of the country launched tenders for 287.85 MW biomass-fired power plants and 190.11 MW rooftop solar capacity additions in August 2023 as a part of its efforts to increase renewable energy generation in Germany.
The rooftop solar tender has a maximum bid price of USD 0.122 per kWh, while the biomass tender offers support of up to USD 0.22 per kWh for existing facilities and USD 0.19 per kWh for new ones. These initiatives align with the goal of the Government of Germany to generate 80% of its electricity from renewable sources by 2038, following its plan of 2023 to phase out nuclear power usage in the country.
- Germany Biomass Power Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Germany 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 Germany Biomass Power Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Biomass Power Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Biomass Power Market, 2018-2030 (US$M)
Germany Feedstock - Biomass Power Market Statistics, 2023 - 2030 (US$M)
