Biomass Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 2,064.09 Million
Market Size in 2033: USD 3,757.62 Million
Market Growth Rate (CAGR) 2025-2033: 6.88%
According to IMARC Group's report titled " India Biomass Market Report and Forecast 2025-2033," the market reached USD 2,064.09 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,757.62 Million by 2033, exhibiting a growth rate (CAGR) of 6.88% during 2025-2033.
India Biomass Market Trends and Drivers:
- The India biomass market is experiencing great momentum with increasing focus on renewable energy resources and eco-friendly fuel options in the industrial and rural sectors.
- Government efforts like the National Bio Energy Mission are leading the way in developing favorable policies and funds for biomass energy growth.
- Essentially, the widespread availability of plentiful agricultural and forest residues all over India creates a stable and economical base of feedstock for power generation from biomass.
- Growing worries regarding carbon emissions and pressure to de-novo fossil fuel dependence have also hastened the emergence of biomass-based technologies.
- In addition to this, rural electrification initiatives and decentralized energy alternatives are promoting the use of small-scale biomass plants in off-grid areas.
- Besides, biomass is also being increasingly used as briquettes and pellets in industrial heat applications, substituting coal and lowering the impact on the environment.
- Technological progress in biomass gasification and cogeneration systems is improving the efficiency of energy and providing better return on investment to companies.
- The initiative of the Indian government on waste-to-energy approaches under the Swachh Bharat Mission and Smart Cities mission is also serving as a strong driving force behind market expansion.
- Basically, private sector entry and foreign investments are on the rise because of favorable tariff mechanisms and viability gap funding programs in the biomass segment.
- Clean cooking with biomass cookstoves is in growing demand within rural homes that are motivated by awareness campaigns as well as subsidy incentives.
- Moreover, incorporation of biomass projects within corporate-level ESG objectives is making big firms invest in green energy portfolios, including biomass.
- Furthermore, the increasing need for biofuels produced from biomass, including bioethanol and biodiesel, is expanding the market's horizon beyond its limits related to power generation alone.
- All in all, India biomass market is being steered by a mix of policy support, natural resources in abundance, increased environmental consciousness, and technology advances, and it has become an indispensable driver of the country's clean energy shift.
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India Biomass Market Segmentation:
IMARCs report provides a deep dive into the India biomass market analysis, outlining the current trends, underlying market demand, and growth trajectories.
Feedstock Insights:
- Agriculture Waste
- Wood and Woody Residue
- Solid Municipal Waste
- Others
Application Insights:
- Power Generation
- Heating
- Others
Regional Insights:
- North India
- South India
- East India
- West India
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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