Bio Power Market

By Technology;

Biogas, Biomass and Biofuel

By Application;

Residential, Commercial and Industrial

By End-User;

Utilities, Independent Power Producers and Industrial Users

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn897027015 Published Date: September, 2025 Updated Date: October, 2025

Bio Power Market Overview

Bio Power Market (USD Million)

Bio Power Market was valued at USD 53542.60 million in the year 2024. The size of this market is expected to increase to USD 85977.71 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.


Bio Power Market

*Market size in USD million

CAGR 7.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.0 %
Market Size (2024)USD 53542.60 Million
Market Size (2031)USD 85977.71 Million
Market ConcentrationMedium
Report Pages338
53542.60
2024
85977.71
2031

Major Players

  • Dalkia
  • EnviTec Biogas AG
  • Schmack Biogas GmbH
  • WELTEC BIOPOWER GMBH
  • rsted A/S
  • ElectraTherm
  • Babcock & Wilcox Enterprises, Inc.
  • Ameresco
  • MVV Energie AG
  • Enerkem

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Bio Power Market

Fragmented - Highly competitive market without dominant players


The Bio Power Market is expanding rapidly as industries embrace renewable energy to meet sustainability targets. Adoption of bio power solutions has risen by nearly 12%, driven by its ability to convert organic waste into electricity and reduce reliance on fossil fuels. This eco-friendly approach is reshaping the energy landscape with a focus on cleaner alternatives.

Rising Focus on Sustainability
The demand for eco-friendly energy generation is strengthening bio power adoption across sectors. More than 30% of organizations have invested in biomass and biogas projects to align with environmental goals. This shift not only supports lower energy costs but also strengthens energy security through renewable adoption.

Technological Advancements Boosting Adoption
The integration of advanced combustion systems and gasification technologies has enhanced energy efficiency significantly. Nearly 40% improvement in operational performance has been achieved with these innovations. Such upgrades allow higher yields from the same volume of biomass, increasing the overall value of bio power plants.

Waste-to-Energy Transformation
Turning agricultural residues, municipal waste, and industrial by-products into power has become a major growth driver. Around 25% of global waste management initiatives now incorporate bio power systems. This dual benefit of waste reduction and electricity generation is fueling adoption across multiple industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Bio Power Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Public support for green energy grows
        2. Biomass availability increases
        3. Integration with existing infrastructure
        4. Corporate sustainability commitments rise
      2. Restraints
        1. Technology scalability challenges
        2. Public acceptance issues persist
        3. Regulatory barriers slow progress
      3. Opportunities
        1. Offer integrated energy solutions
        2. Educate consumers on bio power benefits
        3. Develop bio power clusters for efficiency
        4. Expand biomass feedstock sourcing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Bio Power Market, By Technology, 2021 - 2031 (USD Million)
      1. Biogas
      2. Biomass
      3. Biofuel
    2. Bio Power Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    3. Bio Power Market, By End-User, 2021 - 2031 (USD Million)
      1. Utilities
      2. Independent Power Producers
      3. Industrial Users
    4. Bio Power Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Drax Group
      2. Enviva
      3. Ørsted A/S
      4. BP PLC
      5. Statkraft AS
      6. Vattenfall AB
      7. Ameresco, Inc.
      8. Babcock & Wilcox Enterprises Inc.
      9. ENGIE
      10. Xcel Energy Inc.
      11. Mitsubishi Heavy Industries, Ltd.
      12. Sumitomo Corporation
      13. Alstom SA
      14. Ramboll Group A/S
      15. Sodra Cell Varo Pulp Mill
  7. Analyst Views
  8. Future Outlook of the Market