Lucintel Forecasts The Global Biomass Solid Fuel Market To Reach $408 Billion By 2030

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According to a market report by Lucintel, the future of the global biomass solid fuel market looks promising with opportunities in the space heating/cooling, cooking, heat processing, and electricity generation markets. The global biomass solid fuel market is expected to reach an estimated $408 billion by 2030 from $241 billion in 2024 at a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing usage of biomass solid fuel in various industries, growing acceptance of renewable energies owing to concerns about climate change and depleting fossil fuel resources, and increasing energy demand due to population growth and economic development.
A more than 150-page report to understand trends, opportunity and forecast in biomass solid fuel market to 2030 by source (wood pellets, crop residue, energy crops, municipal solid waste, and others), application (space heating/cooling, cooking, heat processing, electricity generation, and others), end use (industrial, institutional, and domestic), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wood pellet ...
... will remain the largest segment over the forecast period.
Within this market, electricity generation will remain the largest segment.
Download sample by clicking on biomass solid fuel market.
Europe will remain the largest region over the forecast period due to increasing demand for renewable energy sources in the region.
Svenska Cellulosa Aktiebolaget, BTG Biomass Technology Group, Eni, Fulcrum BioEnergy, SOCOTEC Group, Drax Biomass, Aggregated Micro Power, PVM Environmental Products, VGrid Energy Systems, Vattenfall are the major suppliers in the biomass solid fuel market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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