Top 15 Companies in the Global Biomass Power Equipment Market: Global Share, Market Size, Revenue Report (2024–2035)
RELEASE DATE: Mar 2026 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Introduction
Biomass Power plants present an effective solution for converting organic waste materials, which would normally end up in landfills into energy resources while decreasing landfill waste and methane gas emissions. Governments throughout the world provide financial incentives and create supportive regulations, which help boost biomass power generation thus driving market expansion. The market currently experiences technological progress through new developments in biomass power equipment, which enhance operational efficiency and reduce expenses. Power generation from biomass is being improved through the implementation of advanced combustion technologies that include fluidised bed boilers and gasification systems.
Biomass power plants now combine with solar and wind power to produce a more dependable energy system that delivers consistent electricity output. The Market experiences growth because of increasing financial support for bioenergy initiatives. Both large companies and government entities are making financial commitments to build different sizes of biomass power facilities because they want to achieve their sustainability targets while creating an energy-diverse system. The market has become attractive for investment because companies now need to boost production capabilities while launching new products into the market.
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Biomass Power Equipment Market Size & Statistics
- The Market Size for Biomass Power Equipment Was Estimated to be worth USD 51.6 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.41% between 2025 and 2035.
- The Global Biomass Power Equipment Market Size is anticipated to reach USD 113.28 Billion by 2035.
- Asia-Pacific is estimated to dominate the market during the forecast period in the Biomass Power Equipment Market.
- Europe is projected to grow the fastest during the forecast period in the Biomass Power Equipment Market.
Market Segmentation
Global Biomass Power Equipment Market Size, Share, By Type (Boilers, Burners, Turbines, Generators), By Application (Residential, Industrial, and Commercial), By End User (Power Generation, Combined Heat and Power, Biofuels Production), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.
Regional growth and demand
Asia Pacific is expected to dominate the market during the forecast period in the biomass power equipment market.
The Asia Pacific region has a high global share in the biomass power equipment market due to the availability of biomass resources in this region and government support in this region towards renewable energy sources as well as high growth rates of energy demand in China and India. The Asia Pacific region has high growth rates due to sustainable power generation investments as well as waste-to-energy initiatives in this region, which leads to an increase in the adoption of biomass power equipment in developing countries in this region.
Europe is projected to grow the fastest during the forecast period in the biomass power equipment market.
Europe has a high global share as a fast-growing segment in the global biomass power equipment market due to effective climate policy implementation in this region, as well as high financial support to environmentally sustainable sources of energy in this region. Energy transition strategies in Germany, the UK, as well as the European Union, support biomass through their waste-to-energy initiatives.
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Top 10 Trends in the Biomass Power Equipment Market
- Focuses On High-Efficiency Performance
- Digitalisation And Automation Technologies
- Rising Adoption of Combined Heat and Power (CHP) Systems
- Rise In Hybrid System
- Carbon Capture and Negative Emissions (BECCS)
- Growth Of Decentralised and Small-Scale Biomass Plants
- Strong Emphasis on Emissions Control Technologies
- Diversification Of Biomass Feedstocks
- Modular And Faster-To-Deploy Equipment Solutions
- Increasing Role of Waste-To-Energy and Circular Economy Models
- Focuses on high-efficiency performance
The industry is experiencing a fast shift towards adopting high-pressure boilers and gasifiers and advanced combustion systems which help achieve better operational efficiency and increased productivity. The new systems have the capability to boost thermal efficiency while decreasing the amount of fuel needed for operation.
- Digitalization and automation technologies
Digitalization and automation technologies are becoming more integrated into modern operational processes. Biomass plants are increasingly adopting digital monitoring systems together with AI-based controls and automated fuel handling technology which boosts their operational efficiency while minimizing downtime and cutting labour expenses.
- Rising adoption of combined heat and power (CHP) systems
CHP systems have gained popularity because they generate both electricity and heat while their operational efficiency exceeds 80%, which enables industrial facilities to achieve decarbonization.
- Rise in Hybrid System
The emergence of hybrid systems, which combine biomass with solar and other renewable energy sources, enables continuous and stable power generation throughout areas that experience intermittent energy supply.
- Carbon Capture and negative emissions (BECCS)
The industry is increasing its efforts to develop technologies which enable carbon capture and negative emissions through Bioenergy with Carbon Capture and Storage (BECCS) systems which allow biomass plants to achieve carbon-negative emissions and help countries meet their net-zero emissions objectives.
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Top 15 Companies Leading the Biomass Power Equipment Market
- Siemens AG
- Valmet
- ANDRITZ AG
- Babcock & Wilcox Enterprises Inc.
- General Electric
- JFE Engineering Corporation
- Yokogawa Electric Corporation
- CNIM
- Phoenix Equipment
- Sumitomo SHI FW
- Doosan Heavy Industries & Construction
- Foster Wheeler
- Babcock Power
- Bosch Thermotechnik GmbH
- Bharat Heavy Electricals Limited
- Siemens AG
Headquarters: Munich, Germany
Siemens AG, which began its operations in 1847, stands as the foremost global authority in industrial and power technologies that include generators and steam turbines, digital energy systems, and biomass power solutions. The company operates in more than 190 countries and employs over 300000 workers, which generated $82.14 billion in revenue during 2024. The company benefits from its advanced digitisation platform (Industry 4.0), which enables both grid connections and optimisation of smart biomass power plants.
- General Electric
Headquarters: Boston, Massachusetts, United States
General Electric, which started operating in 1892, provides its energy division with steam turbines and generators and full EPC services for biomass and waste-to-energy power facilities. The company generated approximately $68 billion in revenue in 2024, according to the context of the GE Vernova spin-off, while operating in more than 170 countries. The company has established a strong reputation for its wide-ranging utility power initiatives and its extensive worldwide turbine technology installations.
- ANDRITZ AG
Headquarters: Graz, Austria
ANDRITZ AG (established 1852) is a company specialising in biomass boilers, gasification plants, flue gas cleaning solutions, and fuel technology, operating 280+ global locations. It has generated a revenue of $8.99 billion in 2024. ANDRITZ has a strong presence in biomass/waste-to-energy EPC solutions, including a growing portfolio of green/circular economy solutions.
- Valmet
Headquarters: Espoo, Finland
It was established in 2013 and is a company specialising in biomass boilers, CHP plants, automation solutions, and energy recovery solutions, operating in 40+ countries globally. It has generated a revenue of $5.8 billion in 2024. Valmet is considered a global leader in biomass boiler technology, particularly in pulp & paper/industrial energy solutions.
- Babcock & Wilcox Enterprises
Headquarters: Akron, Ohio, United States
The areas of expertise for the company include biomass boilers, waste-to-energy solutions, carbon capture technology, and environmental solutions. The business has its operations all around the world. In 2024, the company revenue was around $717 million. It is well-known in the boiler business and has been expanding its commitment to sustainable energy and decarbonization solutions.
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The report provides an in-depth analysis of the leading companies operating in the global biomass power equipment market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardised format that includes:
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Company Profile
- Siemens AG
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Valmet
- ANDRITZ AG
- Babcock & Wilcox Enterprises Inc.
- General Electric
- JFE Engineering Corporation
- Yokogawa Electric Corporation
- CNIM
- Phoenix Equipment
- Sumitomo SHI FW
- Doosan Heavy Industries & Construction
- Foster Wheeler
- Babcock Power
- Bosch Thermotechnik GmbH
- Bharat Heavy Electricals Limited
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Conclusion
The Global Biomass Power Equipment Market size is expected to grow at a compound annual growth rate (CAGR) of 7.41%, from USD 51.6billion in 2024 to USD 113.28 billion by 2035. Global market expansion is fuelled by favourable government policies, increasing investment, technological advancements, and growing awareness of sustainable energy solutions. The Asia Pacific region has a high global share in the biomass power equipment market due to the availability of biomass resources in this region and government support in this region towards renewable energy sources as well as high growth rates of energy demand in China and India. Europe has a high global share as a fast-growing segment in the global biomass power equipment market due to effective climate policy implementation in this region, and high financial support.
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