Bio Power Market Research Report Forecast to 2030
Market Overview
According to projections, the Bio Power Market will expand at a compound annual growth rate (CAGR) of 5.72% from USD 96,680.49 million in 2023 to USD 1,42,703.07 million by 2030. Biofuels, biomass, and organic waste are examples of biological sources that can be used to create bio power, a renewable energy source. A vital part of the bioenergy industry, bio power is essential to the process of producing sustainable energy from organic resources.
This method provides a greener substitute for conventional fossil fuels and aids in the creation of sustainable energy. Biopower is produced from biomass using a variety of processes, such as thermal gasification, anaerobic digestion, landfill gas recovery, and direct combustion. With the use of these techniques, power can be produced from organic materials like forestry waste, energy crops, agricultural wastes, and organic municipal garbage.
Biopower systems utilize a variety of raw resources, including solid biomass, liquid biofuels, biogas, and industrial and municipal waste, to generate bioenergy. Solid biomass, which is produced by burning plant-based waste, is used to meet the energy needs of businesses, homes, and industries. While biogas is a useful resource for power production, liquid biofuels, such as biodiesel and other liquid-based biomass, are used as power sources for the production of electricity. Energy security and diversification are enhanced by the addition of bio power to the bioenergy landscape, which also helps to reduce greenhouse gas emissions. Bio power, which offers a renewable and dependable source of electricity for a variety of applications, is essential to the shift towards a more sustainable and environmentally friendly energy mix since it utilizes the potential of biomass resources.
Market Segmentation
The market for biopower has been divided into five categories based on technology: landfill gas, anaerobic digestion, pyrolysis, cofiring & gasification, direct combustion, and pyrolysis. The direct combustion segment held the highest revenue share of 53.98% in the global market in 2022 and is expected to maintain its dominance in the biopower market revenue during the forecast period.
The Bio Power Market is divided into three segments based on the kind of plant: residential, commercial, and industrial. With the biggest market revenue share of 35.78% in 2022, the industrial segment led the Bio Power Market and is expected to continue leading the Bio Power Market revenue through the anticipated time.
Regional Insights
The Asia Pacific bio power market held the maximum market share of 43.10% in 2022 and is also expected to account for a significant revenue share during the forecast period.
The Bio power market in the Asia Pacific region has experienced significant growth, driven by increasing awareness of environmental sustainability and the rise in the demand for cleaner energy sources. Governments across the region are actively promoting bioenergy projects, fostering a favorable regulatory environment. Investments in biomass and biogas technologies have surged, supported by technological advancements and the rising need for energy security. The dynamic combination of favorable policies, technological innovation, and a growing commitment to green energy solutions positions the Asia Pacific Bio power market as a robust and expanding sector, contributing substantially to the region's sustainable energy transition.
Major Players
The key players are Drax Group, BP PLC, Leo Group, Statkraft AS, Ørsted A/S, Afry AB, Thachang Green Energy Public Company Limited, Oulun Energia, Hyogo Pulp Co., Ltd., and Erex Group.
圖表清單 List of Tables & Figures
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 GLOBAL BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 40
TABLE 3 GLOBAL BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 43
TABLE 4 GLOBAL BIO POWER MARKET, BY REGION, 2019-2030 (USD MILLION) 46
TABLE 5 NORTH AMERICA: BIO POWER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 47
TABLE 6 NORTH AMERICA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 47
TABLE 7 NORTH AMERICA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 47
TABLE 8 US: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 48
TABLE 9 US: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 48
TABLE 10 CANADA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 49
TABLE 11 CANADA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 49
TABLE 12 MEXICO: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 50
TABLE 13 MEXICO: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 50
TABLE 14 EUROPE: BIO POWER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 51
TABLE 15 EUROPE: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 51
TABLE 16 EUROPE: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 51
TABLE 17 GERMANY: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 52
TABLE 18 GERMANY: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 52
TABLE 19 FRANCE: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 53
TABLE 20 FRANCE: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 53
TABLE 21 UK: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 54
TABLE 22 UK: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 54
TABLE 23 ITALY: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 55
TABLE 24 ITALY: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 55
TABLE 25 SPAIN: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 56
TABLE 26 SPAIN: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 56
TABLE 27 RUSSIA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 57
TABLE 28 RUSSIA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 57
TABLE 29 REST OF EUROPE : BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 58
TABLE 30 REST OF EUROPE : BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 58
TABLE 31 ASIA-PACIFIC: BIO POWER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 59
TABLE 32 ASIA-PACIFIC: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 59
TABLE 33 ASIA-PACIFIC: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 59
TABLE 34 CHINA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 60
TABLE 35 CHINA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 60
TABLE 36 INDIA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 61
TABLE 37 INDIA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 61
TABLE 38 JAPAN: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 62
TABLE 39 JAPAN: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 62
TABLE 40 SOUTH KOREA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 63
TABLE 41 SOUTH KOREA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 63
TABLE 42 AUSTRALIA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 64
TABLE 43 AUSTRALIA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 64
TABLE 44 NEW ZEALAND: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 65
TABLE 45 NEW ZEALAND: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 65
TABLE 46 REST OF ASIA-PACIFIC : BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 66
TABLE 47 REST OF ASIA-PACIFIC : BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 66
TABLE 48 SOUTH AMERICA: BIO POWER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 67
TABLE 49 SOUTH AMERICA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 67
TABLE 50 SOUTH AMERICA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 67
TABLE 51 BRAZIL: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 68
TABLE 52 BRAZIL: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 68
TABLE 53 ARGENTINA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 69
TABLE 54 ARGENTINA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 69
TABLE 55 REST OF SOUTH AMERICA : BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 70
TABLE 56 REST OF SOUTH AMERICA : BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 70
TABLE 57 MIDDLE EAST & AFRICA: BIO POWER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 71
TABLE 58 MIDDLE EAST & AFRICA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 71
TABLE 59 MIDDLE EAST & AFRICA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 71
TABLE 60 SAUDI ARABIA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 72
TABLE 61 SAUDI ARABIA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 72
TABLE 62 UAE: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 73
TABLE 63 UAE: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 73
TABLE 64 SOUTH AFRICA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 74
TABLE 65 SOUTH AFRICA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 74
TABLE 66 NIGERIA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 75
TABLE 67 NIGERIA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 75
TABLE 68 REST OF MIDDLE EAST & AFRICA: BIO POWER MARKET, BY TECHNOLOGY, 2019–2030 (USD MILLION) 76
TABLE 69 REST OF MIDDLE EAST & AFRICA: BIO POWER MARKET, BY END-USERR, 2019–2030 (USD MILLION) 76
TABLE 70 THE MOST ACTIVE PLAYER IN THE GLOBAL BIO POWER MARKET 80
TABLE 71 MERGER & ACQUISITION 81
TABLE 72 EXPANSION & INVESTEMNT 82
TABLE 73 DRAX: PRODUCTS OFFERED 85
TABLE 74 DRAX: KEY DEVELOPMENTS 85
TABLE 75 BP P.L.C.: PRODUCTS OFFERED 89
TABLE 76 LEO GROUP LTD: PRODUCTS OFFERED 92
TABLE 77 STATKRAFT: PRODUCTS/SERVICES OFFERED 94
TABLE 78 ORSTED A/S: PRODUCTS OFFERED 98
TABLE 79 AFRY AB: PRODUCTS OFFERED 101
TABLE 80 THACHANG GREEN ENERGY PUBLIC COMPANY LIMITED: PRODUCTS OFFERED 104
TABLE 81 OULUN ENERGIA OY: PRODUCTS OFFERED 108
TABLE 82 HYOGO PULP CO., LTD.: PRODUCTS OFFERED 110
TABLE 83 EREX CO., LTD.: PRODUCTS OFFERED 112
LIST OF FIGURES
FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BIO POWER MARKET, 2022 14
FIGURE 2 GLOBAL BIO POWER MARKET BY TECHNOLOGY 15
FIGURE 3 GLOBAL BIO POWER MARKET BY END-USER 16
FIGURE 4 GLOBAL BIO POWER MARKET BY REGION 17
FIGURE 1 GLOBAL BIO POWER MARKET: STRUCTURE 19
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 23
FIGURE 3 MARKET DYNAMIC ANALYSIS OF THE GLOBAL BIO POWER MARKET 26
FIGURE 4 TOTAL U.S. GREENHOUSE GAS EMISSIONS (2021) 27
FIGURE 5 WORLD CRUDE OIL RESERVE IN 2022 (BILLION BARRELS) 28
FIGURE 6 DRIVER IMPACT ANALYSIS 29
FIGURE 7 RESTRAINT IMPACT ANALYSIS 31
FIGURE 8 SUPPLY CHAIN ANALYSIS: GLOBAL BIO POWER MARKET 35
FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL BIO POWER MARKET 38
FIGURE 10 GLOBAL BIO POWER MARKET, BY TECHNOLOGY, 2022 (% SHARE) 41
FIGURE 11 GLOBAL BIO POWER MARKET, BY END-USERR, 2021 (% SHARE) 44
FIGURE 12 GLOBAL BIO POWER MARKET, BY REGION, 2019–2030 (USD MILLION) 46
FIGURE 13 BENCHMARKING OF MAJOR COMPETITORS 78
FIGURE 14 GLOBAL BIO POWER MAJOR PLAYERS MARKET SHARE ANALYSIS, 2022(%) 80
FIGURE 15 DRAX: SWOT ANALYSIS 86
FIGURE 16 BP P.L.C.: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 17 BP P.L.C.: SWOT ANALYSIS 90
FIGURE 18 LEO GROUP LTD: SWOT ANALYSIS 93
FIGURE 19 STATKRAFT: SWOT ANALYSIS 95
FIGURE 20 ORSTED A/S: FINANCIAL OVERVIEW SNAPSHOT 98
FIGURE 21 ORSTED A/S: SWOT ANALYSIS 99
FIGURE 22 AFRY AB: SWOT ANALYSIS 102
FIGURE 23 THACHANG GREEN ENERGY PUBLIC COMPANY LIMITED: FINANCIAL OVERVIEW SNAPSHOT 104
FIGURE 24 THACHANG GREEN ENERGY PUBLIC COMPANY LIMITED: SWOT ANALYSIS 104
FIGURE 25 OULUN ENERGIA OY: SWOT ANALYSIS 108
FIGURE 26 HYOGO PULP CO., LTD.: SWOT ANALYSIS 110
FIGURE 27 EREX CO., LTD.: SWOT ANALYSIS 112
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