Biomass- and Waste-to-Energy Market size was valued at USD 80 Billion in 2022 and is projected to reach USD 120 Billion by 2030, growing at a CAGR of 6.80% from 2024 to 2030.
The North America Biomass- and Waste-to-Energy (BtE) market has experienced significant growth due to the increasing demand for sustainable energy sources and a greater emphasis on reducing greenhouse gas emissions. The market can be categorized into several applications, including power plants, heating plants, and other emerging uses. Power plants are among the leading applications in the biomass-to-energy market. In these facilities, biomass materials such as wood chips, agricultural residues, and organic waste are burned or processed to generate electricity. These plants have become a key component of the region's renewable energy strategy, with various initiatives supporting their development. The growing need for energy security, combined with increasing environmental concerns, has prompted governments and organizations to invest in cleaner and more efficient power generation technologies, such as advanced biomass power plants. Power plants not only contribute to reducing carbon footprints but also provide economic benefits, including job creation in rural areas where biomass resources are often abundant.
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Heating plants are another significant application within the North American biomass- and waste-to-energy market. These plants use biomass as a fuel source to generate heat for industrial processes, district heating systems, and residential use. Heating plants serve as a reliable and sustainable solution for thermal energy needs, particularly in colder regions where demand for heating is high. Biomass heating systems are increasingly being utilized in areas where traditional heating methods, such as natural gas or coal, are either less cost-effective or environmentally damaging. With advancements in combustion technologies and the integration of hybrid systems, the efficiency of biomass heating plants has improved, making them more competitive against fossil fuels. This application also benefits from government incentives and a growing interest in reducing the dependence on fossil energy, promoting cleaner air and energy independence.
In addition to power and heating plants, other applications of biomass- and waste-to-energy technologies are emerging across North America. These include the conversion of biomass into biofuels, biogas, and other alternative energy forms for transportation and industrial use. The growing demand for sustainable fuel sources, combined with technological advances in waste conversion processes, has paved the way for an expanded range of applications. For instance, waste-to-biofuel systems that produce ethanol and biodiesel from organic waste are gaining traction in the transportation sector as they provide cleaner alternatives to gasoline and diesel. Moreover, waste-to-biogas plants that capture methane from organic waste for use as a natural gas substitute have seen significant growth. These innovative applications are critical in achieving circular economy goals, where waste is minimized, and valuable energy resources are generated from what would otherwise be discarded.
Several key trends are currently shaping the North American biomass- and waste-to-energy market. One of the primary trends is the growing focus on sustainability and the reduction of greenhouse gas emissions. With increasing concerns about climate change, both the public and private sectors are turning to biomass and waste-to-energy technologies as a means to reduce reliance on fossil fuels. There is also a noticeable trend in the adoption of more efficient conversion technologies, such as gasification, pyrolysis, and anaerobic digestion. These technologies improve the economic viability and environmental performance of biomass-to-energy facilities. Furthermore, the increasing availability of feedstock—both from agricultural and waste streams—has contributed to the sector's growth. With more waste management companies turning to biomass as a profitable waste disposal method, the biomass-to-energy market is expanding its capacity to meet the increasing energy demand while addressing environmental concerns.
Another key trend is the rise of decentralized energy systems. As energy consumers seek more local and resilient energy solutions, small-scale biomass and waste-to-energy systems are gaining popularity. These systems allow businesses, municipalities, and even individual households to generate power and heat onsite, thus reducing energy costs and enhancing energy security. Moreover, advancements in the integration of renewable energy sources, such as solar and wind, with biomass-to-energy systems have resulted in hybrid models that enhance the overall efficiency and reliability of renewable energy generation. The trend toward decentralization is also supported by supportive regulatory policies that incentivize the adoption of renewable energy solutions, including tax credits, subsidies, and green energy standards, further driving the growth of biomass and waste-to-energy systems in North America.
The North American biomass- and waste-to-energy market presents a wide range of opportunities for stakeholders across the value chain. One of the key opportunities lies in the continued development of sustainable biofuels and biogas production. With rising demand for cleaner alternatives to traditional transportation fuels, there is a growing market for advanced biofuels made from biomass, such as cellulosic ethanol and biodiesel. In addition, the North American waste management industry presents an untapped resource for biomass-to-energy conversion. Municipal solid waste (MSW) offers a reliable and consistent feedstock for waste-to-energy plants, which can generate both power and heat while diverting waste from landfills. Companies that focus on integrating waste-to-energy systems with waste management processes can capitalize on this dual benefit—helping to reduce waste while producing valuable energy.
Furthermore, the integration of energy storage solutions and the development of hybrid energy systems offer substantial growth potential in the biomass- and waste-to-energy market. By combining biomass generation with energy storage technologies, such as batteries or thermal storage systems, operators can improve the reliability and efficiency of energy output, particularly during periods of low energy demand. These technologies also allow for better grid integration, addressing concerns related to intermittency and grid stability. Additionally, governments in North America are offering various grants and incentives to support the development of biomass and waste-to-energy projects, creating a favorable environment for new market entrants and investors. As the market matures, partnerships and collaborations between technology providers, energy producers, and waste management companies will open new opportunities for innovation and growth.
What is the biomass-to-energy process? The biomass-to-energy process involves converting organic materials like wood, agricultural residues, and waste into electricity, heat, or biofuels.
How do waste-to-energy plants work? Waste-to-energy plants burn municipal solid waste or convert it into biogas to generate electricity and heat, reducing waste sent to landfills.
Is biomass energy renewable? Yes, biomass energy is considered renewable because it comes from organic materials that can be replenished naturally.
What are the environmental benefits of biomass energy? Biomass energy helps reduce greenhouse gas emissions by substituting fossil fuels and utilizing waste materials that would otherwise decompose and release methane.
What types of biomass can be used for energy production? Biomass can include wood, agricultural residues, animal waste, and municipal solid waste, among others.
Are biomass power plants economically viable? Yes, with advancements in technology and increasing feedstock availability, biomass power plants have become more economically competitive with traditional energy sources.
What is the role of biogas in waste-to-energy systems? Biogas is produced from organic waste in anaerobic digestion systems and can be used as a renewable substitute for natural gas in power generation.
How does biomass energy compare to other renewable energy sources? Biomass energy is flexible, as it can be used for both power and heat generation, whereas other renewables like solar and wind are intermittent.
What are the challenges in the biomass-to-energy market? Challenges include feedstock supply management, high initial investment costs, and competition from other energy sources such as natural gas and solar.
How is the U.S. government supporting the biomass-to-energy market? The U.S. government provides tax incentives, grants, and research funding to promote the development and implementation of biomass and waste-to-energy technologies.
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Top Biomass- and Waste-to-Energy Market Companies
Covanta Holding Corporation
Hitachi Zosen Corporation
KEPPEL SEGHERS Pte.
Ltd.
Mitsubishi Heavy Industries Ltd.
Veolia Environnement SA
Waste Management
Inc.
Xcel Energy
Inc.
Wheelabrator Technologies Inc
Suez
Babcock & Wilcox Enterprises
Inc.
China Everbright International Limited
Ramboll Group A/S
Abu Dhabi National Energy Company PJSC
Market Size & Growth
Strong market growth driven by innovation, demand, and investment.
USA leads, followed by Canada and Mexico.
Key Drivers
High consumer demand and purchasing power.
Technological advancements and digital transformation.
Government regulations and sustainability trends.
Challenges
Market saturation in mature industries.
Supply chain disruptions and geopolitical risks.
Competitive pricing pressures.
Industry Trends
Rise of e-commerce and digital platforms.
Increased focus on sustainability and ESG initiatives.
Growth in automation and AI adoption.
Competitive Landscape
Dominance of global and regional players.
Mergers, acquisitions, and strategic partnerships shaping the market.
Strong investment in R&D and innovation.
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