$838.7m
$XX.Xm
1,818
69
$XXX.Xm
Biomass power producers have endured a rocky road, with their performance heavily influenced by government regulations, market competition and environmental concerns. The federal production tax credit (PTC) provided significant financial relief, giving biomass power producers an income tax credit of 2.6 cents per kilowatt-hour (kWh) of energy for five years. This helped offset costs and stem revenue declines. Renewable portfolio standards (RPSs) in 38 states and Washington, DC, have also driven the renewable energy mandate, giving biomass a solid foothold in the energy market. Yet despite these advantages, the sector has faced fierce competition from other renewable sources like wind and solar power. Revenue has been decreasing at a CAGR of 4.5% over the past five years to total an estimated $838.7 million in 2024, including an estimated 1.0% increase in 2024.
Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated $838.7m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Covanta Holding Corp | 40.6 | 5.7 | 14.1 |
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Industry revenue is measured across several distinct product and services lines, including Direct-fired production, Cofiring production and Gasification production . Direct-fired production is the largest segment of the Biomass Power in the US.
Direct-fired production declines because of the decline in wood and wood waste burning
Enterprises in this industry operate electricity-generating facilities using biomass (e.g., agricultural byproducts, landfill gas and biogenic municipal waste). Establishments primarily engaged in operating trash disposal incinerators that also generate electricity are classified in the Waste Treatment and Disposal Services industry (IBISWorld 56221).
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NAICS 22111 - Biomass Power in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Government incentives bolster biomass power but face stiff competition. Legislation like the federal production tax credit and renewable portfolio standards have supported po...
Learn about an industry's products and services, markets and trends in international trade.
Direct-fired biomass power plants are declining because of reduced wood and wood waste burning. Rising liquid biofuel production and high operating costs are driving this dec...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Biomass power plants are strategically located based on regional natural resources. To maximize efficiency, facilities aim to be near forests and wood waste. Proximity to the...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Biomass power producers must cut electricity production costs to stay profitable. As traditional power companies diversify their energy sources, power producers face increasi...
Learn about the performance of the top companies in the industry.
Biomass power producers display a low level of concentration. This is because only a few facilities produce substantial electrical output. The distribution is not widespread,...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Biomass power producers must comply with key environmental regulations. They are governed by the Clean Air Act and Clean Water Act, which set standards to control pollution a...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are rising as plants need highly skilled employees, especially engineers. New biomass production methods require advanced expertise, driving demand for these profession...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Biomass Power in the US industry in United States is $838.7m in 2024.
There are 69 businesses in the Biomass Power in the US industry in United States, which has declined at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Biomass Power in the US industry in United States has been declining at a CAGR of 4.5 % between 2019 and 2024.
Over the next five years, the Biomass Power in the US industry in United States is expected to grow.
The biggest company operating in the Biomass Power market in United States is Covanta Holding Corp
Generating biomass-fueled power and Generating power from wood and wood waste powered facilities are part of the Biomass Power in the US industry.
The company holding the most market share in United States is Covanta Holding Corp.
The level of competition is moderate and increasing in the Biomass Power in the US industry in United States.