North America Biomass Power Market Size & Outlook
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North America biomass power market highlights
- The North America biomass power market generated a revenue of USD 23,812.7 million in 2021.
- The market is expected to grow at a CAGR of 4.7% from 2022 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2021.
- Liquid Biofuel is the most lucrative feedstock segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 23,812.7 million |
| Market revenue in 2030 | USD 35,892.4 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 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, North America region accounted for 19.6% of the global biomass power market in 2021.
- 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.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orsted A/S | View profile | 8900 | Kraftvaerksvej 53, Skaerbaek, Fredericia, Denmark, DK-7000 | https://www.orsted.com |
| Ameresco Inc Class A | View profile | 1503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | https://www.ameresco.com |
| Xcel Energy Inc | View profile | 11311 | 414 Nicollet Mall, Minneapolis, MN, United States, 55401 | https://www.xcelenergy.com |
| Ramboll | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | http://www.ramboll.com/ |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Veolia Environnement SA | View profile | 218288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | https://www.veolia.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
North America 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 will help companies and investors design strategic landscapes.
Solid biofuel was the largest segment with a revenue share of 75.88% in 2021. Horizon Databook has segmented the North America biomass power market based on solid biofuel, liquid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. and Canada dominate biomass power market in North America and account for major shares in the region. The North American region is majorly dependent on coal for power generation. The recent discovery of shale gas reserves in the region has resulted in gas-based power generation, which has gained higher growth over coal-based power generation in the region in the past decade.
The rise in environmental concerns has led North American countries to focus on renewable energy. As a result, favorable policies and regulations have been drafted by the U.S., Canada, and Mexico to support renewable power sources such as solar, wind, and biomass.
Furthermore, some of the states in the U.S., such as California, Florida, and New York, have set renewable energy targets for installed capacity. The abundant availability of biomass feedstock in the region coupled with favorable policies & regulations is projected to drive the biomass power market in the region over the forecast period.
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Target buyers of North America biomass power market databook
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Our clientele includes a mix of biomass power market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America biomass power market , including forecasts for subscribers. This continent databook contains high-level insights into North America biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America biomass power market size, by country, 2018-2030 (US$M)
North America Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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