HYDROGEN GENERATION MARKET
MARKET KEY MARKET TWO OF THE KEY
CAGR of PLAYERS DRIVERS OF THE
2023 - 2028 OPPORTUNITY OVER MARKET WILL BE:
NEXT 5 YEARS Air Liquide (France) The Growth of the hydrogen
257.9
10.2% BN Linde plc (Ireland) generation market can be
attributed to the surging
Air Products and
demand of long-term power
158.8 Chemicals, Inc. (US) storage solution.
BN Shell plc (UK) Enforcement of stringent
Saudi Arabian Oil Co. regulations to curb
2023 2028 (Saudi Arabia) greenhouse gas emissions
The market is
ASIA PACIFIC
competitive with few MARKET SEGMENTATI
IS GOING TO
players occupying ON
BE THE
the market share
LARGEST BY APPLICATION
Refinery
REGION Ammonia
DURING THE Methanol
FORECAST
PERIOD Transportation
Power Generation
BY COMPANY TYPE BY DESIGNATION BY REGION
11% 10%
30%
15% 35%
24% 45%
65% 15%
25% 25%
North America
Tier 1 Tier 2 Tier 3 C Level Director Level Others
Asia Pacific
Europe
Middle East & Africa
GLOBAL BIOMASS POWER GENERATION MARKET (USD MILLION)
South Middle East &
North America Europe Asia Pacific
America Africa
North American Biomass Power Generation Market (USD
To be calculated similarly at
Million)
respective levels
US Biomass Canadian Mexican Biomass
Power Biomass Power Power To be calculated similarly at
Generation Generation Generation respective levels
Market Market Market
Feedstock
Agricultural
Waste
Forest Waste
Animal Waste
Municipal Waste
The regional splits were arrived at by tracking the year-on-year installations of biomass power generation
systems and bioenergy systems.
For country-level shares, data from IEA, bioenergy associations, IRENA stats, government websites,
company annual reports and websites, and other sources have been gathered to understand the future
potential of the biomass power generation market. These shares have been validated by primary
respondents.
RESEARCH METHODOLOGY
Total market size (USD Billion)
Percentage contribution of each individual segment to the overall TOP-DOWN
APPROACH
market size
Market size by feedstock, technology and fuel
Market size for each region/country under each segment
RESEARCH METHODOLOGY
Investors or Funders
End Users End Users
Product R&D and Production EPC
(OEM) (Aftermarket)
ENGIE (France),
Ørsted A/S
(Denmark)
Valmet (Finland)
INERCO (Spain)
Industries
Generation
Biomass Power Babcock & Wilcox EV charging
Transmission
Plant Owners Enterprises, inc. (US) Renewable energy
Distribution
integration
Xcel Energy Inc. (US))
Direct/indirect distribution is preferred by
major C4ISR systems manufacturers to cover
Researchers/Organizations Regulatory Bodies more geographic area Regulatory Bodies
ASIA BY POWER
TECHNOLOGY
PACIFIC 2022 (USD
MILLION/BILLION)
Combustion
Gasification
Anaerobic Digestion
Pyrolysis
Consistent rise in demand for renewable electricity
Favorable regulations related to biomass-based
power plants
DRIVING
HIGHEST CHINA FACTORS FOR
CAGR (2023– FASTEST-GROWING GROWTH IN
2028) MARKET IN THE ASIA PACIFIC
REGION
