Summary

Triton’s research report estimates that the Latin America biomass power market is expected to gain revenue at a CAGR of 6.10% during the forecast years 2024-2032.
The biomass power market in Latin America is experiencing notable growth, driven by the region’s abundant biomass resources, increasing energy demand, and supportive government policies promoting renewable energy. With a total biomass energy capacity of 24.3 GW in 2023, this region is focusing on sustainable energy solutions to address environmental concerns, reduce dependence on fossil fuels, and support rural development. The availability of agricultural residues, forestry by-products, and organic waste provides significant opportunities for biomass power generation. Technological advancements and investments in infrastructure are expected to further propel the biomass power market’s expansion.
Countries analyzed are Brazil, Mexico, Argentina, and Rest of Latin America.
Brazil holds the largest market share, achieving around $2338.25 million in 2023.
● Brazil dominates with around 17.1 GW of solid biofuel capacity, largely from sugarcane bagasse used in co-generation power plants. In fact, the biogas sector is expanding rapidly, especially in Brazil, where installed biogas capacity reached 509 MW in 2023.

● The country also has access to abundant biomass resources such as sugarcane bagasse, wood residues, and agricultural waste, which are widely used for energy generation.

● Additionally, government support through policies like the National Biofuels Policy (RenovaBio) promotes bioenergy use and carbon emission reduction targets. Technological advancements, such as cogeneration and gasification technologies, are enhancing the efficiency and sustainability of biomass power generation.
Biomass Power Market Forecast for Mexico
Mexico’s government makes active efforts to diversify its energy mix and reduce greenhouse gas emissions, driving the adoption of biomass energy. The country’s Energy Transition Law and National Climate Change Strategy set targets for increasing renewable energy, including biomass, in its energy portfolio. Biomass resources, such as agricultural residues from crops like corn, sugarcane, and agave, provide ample feedstock for power generation in the country. Additionally, private sector investments are bolstering the Mexico biomass market, focusing on waste-to-energy projects and rural electrification initiatives.
The biomass power market is segmented based on technology, feedstock, and application. Based on feedstock, it is further classified into biogas, solid biomass, liquid biomass, and municipal solid waste. Biogas, produced through the anaerobic digestion of organic waste such as agricultural residues, food waste, and wastewater, is another critical feedstock in the biomass power market. It is a renewable and clean-burning fuel commonly used in gas engines and turbines to generate electricity, often paired with heat recovery systems to maximize energy efficiency.
Contender Analysis in the Biomass Power Market
ACCIONA SA is a prominent player in the biomass power market, particularly in Brazil and Latin America, which provides sustainable solutions for infrastructure and renewable energy projects. The company specializes in the design, construction, and management of renewable energy systems, including biomass power generation. With a strong commitment to environmental sustainability, it plays a key role in promoting the development of biomass energy.
ACCIONA Energía and Vidrala, a leading glass container design and manufacturing company, recently completed an innovative pilot project that repurposed biomass slag for the production of 18.3 million glass bottles.
The key entities in the reviewed market are Babcock & Wilcox Enterprises Inc, Enel Green Power SpA, Cemex SAB de CV, Drax Group PLC, and Envitec Biogas Ag.

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Table of Contents

TABLE OF CONTENTS
1. LATIN AMERICA BIOMASS POWER MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT ANALYSIS ON THE BIOMASS POWER MARKET
2.1.1. COVID-19 IMPACT ON THE BIOMASS POWER MARKET
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTES
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. THREAT OF COMPETITIVE RIVALRY
2.3. REGULATORY OUTLOOK
2.4. SUPPLY CHAIN ANALYSIS
2.4.1. PLANTATION AND HARVESTING
2.4.2. FEEDSTOCK PROCESSING
2.4.3. LOGISTICS
2.4.4. POWER GENERATION TECHNOLOGIES
2.4.5. ENERGY DISTRIBUTION
2.4.6. END-USER CONSUMPTION
2.4.7. REGULATORY AND SUPPORT FRAMEWORKS
2.5. KEY BUYING IMPACT ANALYSIS
2.5.1. FEEDSTOCK AVAILABILITY
2.5.2. COST EFFICIENCY
2.5.3. ENVIRONMENTAL IMPACT
2.5.4. GOVERNMENT INCENTIVES AND POLICIES
2.5.5. ENERGY RELIABILITY
2.5.6. TECHNOLOGICAL ADVANCEMENTS
2.6. KEY MARKET STRATEGIES
2.6.1. CONTRACTS AND PARTNERSHIPS
2.6.2. PRODUCT LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS DIVESTITURES & EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. USE OF ADVANCED BIOMASS CONVERSION TECHNOLOGIES
2.7.2. REGULATORY AND POLICY CHANGES SUPPORTING GROWTH
2.7.3. SUSTAINABILITY INITIATIVES DRIVING DEMAND
2.8. MARKET CHALLENGES
2.8.1. COMPETITION FROM OTHER INDUSTRIES IN PROCURING FEEDSTOCK SUPPLY
2.8.2. HIGH INITIAL CAPITAL INVESTMENT ASSOCIATED WITH BIOMASS ENERGY PLANTS
2.9. MARKET OPPORTUNITIES
2.9.1. RETROFITTING EXISTING POWERPLANTS WHILE INTEGRATING BIOENERGY WITH CARBON CAPTURE AND STORAGE
2.9.2. INTEGRATION WITH OTHER RENEWABLE ENERGY SYSTEMS
2.10. ANALYST PERSPECTIVE
3. LATIN AMERICA BIOMASS POWER MARKET - BY FEEDSTOCK
3.1. SOLID BIOMASS
3.2. LIQUID BIOMASS
3.3. BIOGAS
3.4. MUNICIPAL SOLID WASTE
4. LATIN AMERICA BIOMASS POWER MARKET – BY TECHNOLOGY
4.1. COMBUSTION
4.2. ANAEROBIC DIGESTION
4.3. GASIFICATION
4.4. CO-FIRING & CHP
4.5. LANDFILL GAS (LFG)
5. LATIN AMERICA BIOMASS POWER MARKET – BY APPLICATION
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. LATIN AMERICA BIOMASS POWER MARKET – BY COUNTRY OUTLOOK
6.1. LATIN AMERICA
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.3. ARGENTINA
6.1.1.3.1. ARGENTINA BIOMASS POWER MARKET FORECAST & PROSPECTS
6.1.1.4. REST OF LATIN AMERICA
6.1.1.4.1. REST OF LATIN AMERICA BIOMASS POWER MARKET FORECAST & PROSPECTS
7. COMPETITIVE LANDSCAPE
7.1. ACCIONA SA
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY STRENGTHS
7.1.4. KEY CHALLENGES
7.2. AMERESCO INC
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY STRENGTHS
7.2.4. KEY CHALLENGES
7.3. BABCOCK & WILCOX ENTERPRISES INC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY STRENGTHS
7.3.4. KEY CHALLENGES
7.4. CEMEX SAB DE CV
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY STRENGTHS
7.4.4. KEY CHALLENGES
7.5. DRAX GROUP PLC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY STRENGTHS
7.5.4. KEY CHALLENGES
7.6. ENEL GREEN POWER SPA
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY STRENGTHS
7.6.4. KEY CHALLENGES
7.7. ENVITEC BIOGAS AG
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY STRENGTHS
7.7.4. KEY CHALLENGES
7.8. ENVIVA INC
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY STRENGTHS
7.8.4. KEY CHALLENGES
7.9. GENERAL ELECTRIC COMPANY
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY STRENGTHS
7.9.4. KEY CHALLENGES
7.10. HITACHI ZOSEN CORPORATION
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY STRENGTHS
7.10.4. KEY CHALLENGES
7.11. MITSUBISHI HEAVY INDUSTRIES LTD
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.11.3. KEY STRENGTHS
7.11.4. KEY CHALLENGES
7.12. ØRSTED A/S
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.12.3. KEY STRENGTHS
7.12.4. KEY CHALLENGES
7.13. RAÍZEN SA
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
7.13.3. KEY STRENGTHS
7.13.4. KEY CHALLENGES
7.14. RAMBOLL GROUP AS
7.14.1. OVERVIEW
7.14.2. PORTFOLIO
7.14.3. KEY STRENGTHS
7.14.4. KEY CHALLENGES
7.15. SIEMENS ENERGY AG
7.15.1. OVERVIEW
7.15.2. PORTFOLIO
7.15.3. KEY STRENGTHS
7.15.4. KEY CHALLENGES
7.16. SUEZ SA
7.16.1. OVERVIEW
7.16.2. PORTFOLIO
7.16.3. KEY STRENGTHS
7.16.4. KEY CHALLENGES
7.17. VALMET OYJ
7.17.1. OVERVIEW
7.17.2. PORTFOLIO
7.17.3. KEY STRENGTHS
7.17.4. KEY CHALLENGES
7.18. VEOLIA ENVIRONNEMENT SA
7.18.1. OVERVIEW
7.18.2. PORTFOLIO
7.18.3. KEY STRENGTHS
7.18.4. KEY CHALLENGES
7.19. XCEL ENERGY INC
7.19.1. OVERVIEW
7.19.2. PORTFOLIO
7.19.3. KEY STRENGTHS
7.19.4. KEY CHALLENGES
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY










LIST OF TABLES

TABLE 1: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 2: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN MILLION MWH)
TABLE 3: REGULATORY OUTLOOK
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2024-2032 (IN MILLION MWH)
TABLE 9: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 10: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)




LIST OF FIGURES

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: MARKET MATURITY ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: SUPPLY CHAIN ANALYSIS
FIGURE 5: LATIN AMERICA BIOMASS POWER MARKET, BY FEEDSTOCK, 2023 & 2032 (IN %)
FIGURE 6: LATIN AMERICA BIOMASS POWER MARKET, BY SOLID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 7: LATIN AMERICA BIOMASS POWER MARKET, BY LIQUID BIOMASS, 2024-2032 (IN $ MILLION)
FIGURE 8: LATIN AMERICA BIOMASS POWER MARKET, BY BIOGAS, 2024-2032 (IN $ MILLION)
FIGURE 9: LATIN AMERICA BIOMASS POWER MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 10: LATIN AMERICA BIOMASS POWER MARKET, BY COMBUSTION, 2024-2032 (IN $ MILLION)
FIGURE 11: LATIN AMERICA BIOMASS POWER MARKET, BY ANAEROBIC DIGESTION, 2024-2032 (IN $ MILLION)
FIGURE 12: LATIN AMERICA BIOMASS POWER MARKET, BY GASIFICATION, 2024-2032 (IN $ MILLION)
FIGURE 13: LATIN AMERICA BIOMASS POWER MARKET, BY CO-FIRING & CHP, 2024-2032 (IN $ MILLION)
FIGURE 14: LATIN AMERICA BIOMASS POWER MARKET, BY LANDFILL GAS (LFG), 2024-2032 (IN $ MILLION)
FIGURE 15: LATIN AMERICA BIOMASS POWER MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 16: LATIN AMERICA BIOMASS POWER MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 17: LATIN AMERICA BIOMASS POWER MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 18: LATIN AMERICA BIOMASS POWER MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 19: LATIN AMERICA BIOMASS POWER MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 20: BRAZIL BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: MEXICO BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 22: ARGENTINA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)
FIGURE 23: REST OF LATIN AMERICA BIOMASS POWER MARKET 2024-2032 (IN $ MILLION)