Biomass-Power-Market-Upcoming-Energy-Projects-in-2025
                     Biomass Power Market 
-Upcoming Energy Projects 
2in025
Triton Market Research estimates that the global biomass power market is likely to grow 
with a CAGR of 6.50% in the forecast period 2024-2032.
As a renewable energy source, biomass power reduces greenhouse gas emissions and 
dependence on fossil fuels. Biomass power plants offer versatile energy solutions, 
integrating seamlessly into existing systems to enhance energy security and diversify 
the energy mix.
TRI ON
MARKET RESEARCH
GLOBAL BIOMASS POWER MARKET
2024-2032
The Global Biomass Power Market was valued at $82266.32 million in 2023, and is 
expected to grow with a CAGR of 6.50%% during the forecast period 2024-2032.
Get the Latest Insights on the Biomass Power Market and Get a Sample Report 
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Upcoming Biomass Power Plant Projects:
1. Advancing Renewable Fuels for a Climate-Neutral Europe
The Horizon Europe-funded BUTTERFLY (Biomass Utilized To The Extended 
Portfolio of Renewable Fuels with Large Yields) project aims to develop innovative and 
efficient methods for producing advanced biofuels and renewable fuels (rDME and 
SNG) from
waste and residual feedstock. These fuels will have diverse applications in marine and 
heavy-duty transport, the steel industry, and off-grid energy supply.
2.    Renova’s 75-MW Biomass Plant in Japan
Japan-based renewable energy company Renova is on track to launch a 75-megawatt 
(MW) biomass power plant in March 2025. This facility is part of Japan’s broader efforts 
to expand its renewable energy portfolio and reduce its reliance on fossil fuels. The 
plant will utilize sustainably sourced biomass materials, contributing to the country’s 
carbon reduction targets and promoting energy security.
3.    Boosting Sustainability with a New Biomass Power Plant
Boehringer Ingelheim’s new biomass power plant in Ingelheim reduces site CO2 
emissions by 70%, saving 50,000 tons annually. With a €205 million investment, 95% of 
the site’s energy needs will be met from renewable sources, optimizing sustainability 
and energy efficiency.
Asia-Pacific to be the Fastest Growing Region in the Biomass Power Market
Factors such as industrialization, urbanization, and economic development are fueling 
the shift toward sustainable energy solutions in the APAC region. Biomass power is 
gaining traction for its role in reducing greenhouse gas emissions, improving energy 
security, and promoting rural development. Advancements in conversion technologies 
and infrastructure investments are expected to accelerate market expansion in the near 
future.
Key Contenders in the Biomass Power Market:
Acciona Sa, Ameresco Inc, Babcock & Wilcox Enterprises Inc, Cemex Sab De Cv, Drax 
Group Plc, Enel Green Power SpA, Envitec Biogas Ag, Enviva Inc, General Electric 
Company, Hitachi Zosen Corporation, and Mitsubishi Heavy Industries Ltd.