Italy Biomass Power Market Size & Outlook, 2024-2030
Global Market
Related Markets
Italy biomass power market highlights
- The Italy biomass power market generated a revenue of USD 3,801.2 million in 2023 and is expected to reach USD 6,426.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, biogas was the largest revenue generating feedstock in 2023.
- Solid 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 3,801.2 million |
| Market revenue in 2030 | USD 6,426.2 million |
| Growth rate | 7.9% (CAGR from 2024 to 2030) |
| Largest segment | Biogas |
| Fastest growing segment | Solid 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, Italy accounted for 2.8% 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 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.
Key market players are expanding to Italy to cater to the rising demand for renewable energy using biomass in the country. In November 2023, BIOP, a brand under the BIOGEST Group, initiated the construction of its first biomethane plant in Collarmele, Italy.
This innovative project aims to convert 73,000 tonnes of vegetable waste and chicken manure annually into 500 Nm³/h of biomethane using BIOGEST PowerRing and PowerDigest technology, including a CO2 liquefaction unit.
Government efforts have resulted in vendors collaborating and aiding the country to reach its aforementioned targets. For instance, in July 2020, BTS Biogas Srl, a major player in the biogas sector signed a memorandum of understanding with Engie, a major independent energy producer.
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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 |
Italy 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.
Biogas was the largest segment with a revenue share of 47.12% in 2023.
Horizon Databook has segmented the Italy biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
Key market players are expanding to Italy to cater to the rising demand for renewable energy using biomass in the country. In November 2023, BIOP, a brand under the BIOGEST Group, initiated the construction of its first biomethane plant in Collarmele, Italy.
This innovative project aims to convert 73,000 tonnes of vegetable waste and chicken manure annually into 500 Nm³/h of biomethane using BIOGEST PowerRing and PowerDigest technology, including a CO2 liquefaction unit.
Government efforts have resulted in vendors collaborating and aiding the country to reach its aforementioned targets. For instance, in July 2020, BTS Biogas Srl, a major player in the biogas sector signed a memorandum of understanding with Engie, a major independent energy producer.
- Italy Biomass Power Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Italy 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 Italy Biomass Power Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Italy Biomass Power Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Italy Biomass Power Market, 2018-2030 (US$M)
Italy Feedstock - Biomass Power Market Statistics, 2023 - 2030 (US$M)
