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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.
Download sample copy of the Report: https://www.imarcgroup.com/india-biomass-market/requestsample
India Biomass Market Trends and Drivers:
- The India biomass market is following a robust growth path fueled by the nation's growing emphasis on renewable energy and sustainable development.
- With efforts in policy promotion of bioenergy like the National Bio-Energy Programme and compulsory blending requirements for biofuels, there has been high momentum in biomass-based power generation and industrial applications.
- Increasing awareness about air pollution and waste management has prompted the use of biomass technology that utilises agricultural residue and organic waste to produce clean energy.
- This serves to address environmental issues while fostering rural jobs and stimulating the agrarian economy.
- Essentially, Punjab, Haryana, and Uttar Pradesh, which produce huge amounts of crop residue, are emerging as major areas for biomass energy production, reduced fossil fuel dependency, and increased energy security.
- Furthermore, newer technologies for biomass processing—pelletization, gasification, and anaerobic digestion—are providing more efficient and scalable means of power generation and production of bio-CNG.
- The increasing need for decentralized power systems, particularly in off-grid and rural locations, further augments the market.
- Foreign investment and private sector involvement are driving commercialization and the growth of biomass infrastructure.
- Increasing fuel prices and volatility of imported energy sources further established biomass as a cost-efficient and domestic source of alternative fuel.
- India's renewable energy ambitions and carbon neutrality aspirations are making long-term chances for biomass schemes, particularly in the residential, transport, and industrial sectors.
- This environment is poised to further change with enhanced public consciousness, better access to technology, and supportive financial schemes, fueling ongoing expansion within the biomass energy sector.
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
Request for customization: https://www.imarcgroup.com/request?type=report&id=30451&flag=C
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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