Japan Biomass Power Market Size & Outlook, 2024-2030
Global Market
Related Markets
Japan biomass power market highlights
- The Japan biomass power market generated a revenue of USD 3,291.8 million in 2023 and is expected to reach USD 4,982.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.2% 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 3,291.8 million |
| Market revenue in 2030 | USD 4,982.2 million |
| Growth rate | 6.2% (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, Japan accounted for 2.5% 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 Asia Pacific, China biomass power market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,201.7 million by 2030.
The biomass power market in Japan is primarily driven by the government's strong support and initiatives for renewable energy, including biomass. Japan aims to diversify its energy sources and reduce dependency on fossil fuels, leading to increased investments and incentives for biomass power projects.
Biomass power is considered environmentally friendly as it reduces greenhouse gas emissions compared to traditional fossil fuels, aligning with global climate goals and regulations. The aforementioned factors are promoting the development of new biomass power plants in Japan.
For instance, in April 2024, the Ishinomaki Hibarino Biomass Power Plant of Japan, with a generation capacity of 75MW, commenced operations, providing electricity to approximately 170,000 homes. The aim is to reduce coal's share from 31% to 19% and petroleum's share from 4% to 2%. These policies build on earlier ones from 2020 targeting the phaseout of old and inefficient coal units.
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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 |
Japan 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 98.52% in 2023.
Horizon Databook has segmented the Japan biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The biomass power market in Japan is primarily driven by the government's strong support and initiatives for renewable energy, including biomass. Japan aims to diversify its energy sources and reduce dependency on fossil fuels, leading to increased investments and incentives for biomass power projects.
Biomass power is considered environmentally friendly as it reduces greenhouse gas emissions compared to traditional fossil fuels, aligning with global climate goals and regulations. The aforementioned factors are promoting the development of new biomass power plants in Japan.
For instance, in April 2024, the Ishinomaki Hibarino Biomass Power Plant of Japan, with a generation capacity of 75MW, commenced operations, providing electricity to approximately 170,000 homes. The aim is to reduce coal's share from 31% to 19% and petroleum's share from 4% to 2%. These policies build on earlier ones from 2020 targeting the phaseout of old and inefficient coal units.
- Japan Biomass Power Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Japan 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 Japan Biomass Power Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Biomass Power Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Biomass Power Market, 2018-2030 (US$M)
Japan Feedstock - Biomass Power Market Statistics, 2023 - 2030 (US$M)
