Middle East & Africa Biomass Power Market Size & Outlook
Global Market
Related Markets
MEA biomass power market highlights
- The MEA biomass power market generated a revenue of USD 2,981.0 million in 2023.
- The market is expected to grow at a CAGR of 1.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 2,981.0 million |
| Market revenue in 2030 | USD 3,344.7 million |
| Growth rate | 1.7% (CAGR from 2024 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 2.2% of the global biomass power market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 82,189.8 million by 2030.
The Middle East & Africa region has a high renewable energy potential in the form of sources such as solar, bioenergy, and wind, which have remained unexplored to a greater extent. Major biomass manufacturing countries in the region are Iraq, Egypt, Algeria, Syria, and Jordan.
Conventionally, biomass has been widely adopted in rural areas in the Middle East countries for domestic purposes. Power demand in the region is expected to grow significantly with the increasing population.
The population in countries such as Kuwait, Oman, Qatar, Saudi Arabia, and the UAE is growing rapidly. Rise in environmental concerns and expected reduction of oil & gas demand over the long term are resulting in the Middle East & African countries shifting from oil & gas toward renewable power sources to attain sustainability.
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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 |
Middle East & Africa 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 89.74% in 2023.
Horizon Databook has segmented the Middle East & Africa biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa region has a high renewable energy potential in the form of sources such as solar, bioenergy, and wind, which have remained unexplored to a greater extent. Major biomass manufacturing countries in the region are Iraq, Egypt, Algeria, Syria, and Jordan.
Conventionally, biomass has been widely adopted in rural areas in the Middle East countries for domestic purposes. Power demand in the region is expected to grow significantly with the increasing population.
The population in countries such as Kuwait, Oman, Qatar, Saudi Arabia, and the UAE is growing rapidly. Rise in environmental concerns and expected reduction of oil & gas demand over the long term are resulting in the Middle East & African countries shifting from oil & gas toward renewable power sources to attain sustainability.
- Middle East & Africa Biomass Power Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Biogas
- Middle East & Africa 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 continent-level data and insights on the Middle East & Africa Biomass Power Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Biomass Power Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA Feedstock - Biomass Power Market Statistics, 2023 - 2030 (US$M)
