In North America Bioenergy Market, Increasing collaboration between public and private sectors is helping to establish bioenergy infrastructure, enabling a circular energy economy.

The report covers North America Renewable Energy Market Outlook and is segmented by type (Hydro, Solar, Wind, Bioenergy, and Others) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in installed capacity (Gigawatts) for all the above segments.

The North America bioenergy market reached around 12.60 Gigawatt in 2024. The market is projected to grow at a CAGR of 7.40% between 2025 and 2034, reaching almost 25.73 Gigawatt by 2034.

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Bioenergy Market Size and Trends

The bioenergy market size is forecasted to increase by USD 88.4 billion, at a CAGR of 7.81% between 2023 and 2028. The market's growth hinges on various factors, notably escalating concerns regarding the environment and energy security, alongside an augmented demand for renewable, clean fuel sources. Supportive government policies further propel this trajectory, fostering a conducive environment for market expansion. As sustainability takes center stage globally, industries are increasingly turning towards renewable energy solutions to mitigate environmental impact and enhance energy resilience. This paradigm shift towards clean fuel underscores the market's pivotal role in addressing contemporary energy challenges. With governments incentivizing renewable energy adoption and fostering innovation in this domain, especially in clean energy technologies, the market is poised for substantial growth, driving advancements towards a more sustainable and secure energy future.

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The market encompasses various renewable sources, including biomass, agricultural waste, and solid waste. Biofuels, such as biogas and liquid biofuels derived from these sources, play a significant role in this sector. Bioorganic waste, including timber, compost, sugarcane, straw, and other agricultural residues, serves as essential feedstocks for bioenergy production. The installed base of bioenergy technologies includes biogas plants, dle (direct liquid extraction) systems, and green hydrogen production facilities. Landfills can also be utilized as sources of biogas and energy. Renewable energy investment in bioenergy has been increasing due to the potential for electricity generation, energy security, and mitigating the energy crisis. Biomass supply is a critical factor in the success of this industry, with ongoing research and development in bioenergy investment and bioenergy technologies. Bioenergy from biomass and organic waste can be converted into various forms, including biogas, liquid biofuels, and green hydrogen. These alternative energy sources offer a sustainable solution to the reliance on traditional fossil fuels like oil.

Market Segmentation

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Application Outlook

  Off-grid electricity
  Cooking 
  Transportation 
  Others





Product Type Outlook 


  Liquid biofuel 
  Solid biomass 
  Biogas 





Region Outlook 

  North America

    The U.S.
    Canada





  Europe

    The U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa


  South America

    Argentina
    Brazil
    Chile

By Application Insights

The market share growth by the transportation segment will be significant during the forecast period. This growth is attributed to factors such as a rise in the demand for biodiesel products. Biodiesel is an alternative to regular diesel for diesel engines, as it is environmentally friendly.

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The transportation segment showed a gradual increase in the market share of USD 62.90 billion in 2018. Conventional fuels are increasingly being replaced by alternatives such as bioethanol and biodiesel. Biodiesel, gasoline-blended methyl tert-butyl ether (MTBE)/tert-amyl methyl ether (TAME), and dimethyl ether (DME) are widely used in the automotive industry. The demand for fuels such as MTBE/TAME, biodiesel, and DME is expected to rise during the forecast period due to the increasing adoption of emission-controlled fuels.

Regional Analysis

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North America is estimated to contribute 28% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to companies is Europe. European market witnesses significant investment due to its role in ensuring energy security and reducing reliance on oil. With oil price fluctuations, the need for alternative and renewable energy sources has become increasingly important. Biofuel technologies, such as cellulosic ethanol and algae-based biofuels, are strategic announcements towards a sustainable energy future. Solid biomass resources, including agricultural byproducts and waste materials, serve as the primary feedstocks for bioenergy production. Biogas demand continues to rise, contributing to a reduction in greenhouse

The global bioenergy market, valued at $193.67 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.81% from 2025 to 2033. This expansion is driven by several key factors. Increasing concerns about climate change and the urgent need to transition towards sustainable energy sources are significantly boosting the adoption of bioenergy as a cleaner alternative to fossil fuels. Government initiatives promoting renewable energy, coupled with supportive policies and financial incentives, are further fueling market growth. The rising demand for biofuels in transportation, particularly in the form of biodiesel and ethanol blends, is another significant contributor. Furthermore, advancements in bioenergy technologies, resulting in increased efficiency and reduced production costs, are making bioenergy a more economically viable option. The diverse applications of bioenergy, encompassing off-grid electricity, cooking, and transportation, contribute to its broad appeal and market penetration. Despite the positive outlook, certain challenges hinder market expansion. Fluctuations in feedstock prices, primarily agricultural commodities used in biofuel production, can impact profitability and market stability. Land use change associated with biofuel cultivation remains a concern, raising questions about sustainability and environmental impact. Technological limitations and the need for further research and development to enhance bioenergy efficiency and reduce production costs also pose challenges. However, continuous innovation and ongoing efforts to address these challenges are expected to support the continued expansion of the bioenergy market over the forecast period. Regional variations in growth rates will reflect factors such as government policies, economic conditions, and the availability of suitable feedstock. North America and Europe are expected to lead in market share, driven by established industries and supportive government regulations. However, developing economies in Asia-Pacific are anticipated to exhibit significant growth potential, driven by increasing energy demands and investment in renewable energy infrastructure.

The North America renewable energy market is primarily supporting the global industry growth, in which nearly 3058.36 Gigawatt of renewable energy was installed in 2024. Aided by the adoption of solar power as a part of renewable portfolio targets (RPS) and Federal investment tax credit (ITC), the global renewable energy installations is projected to grow at a CAGR of nearly 7.60% in the forecast period of 2025-2034 to reach 6362.26 Gigawatt by 2034.

Gain insights into the North America Renewable Energy Market size at USD 314 billion in 2023, featuring Leading Players, Market Forecasts & Outlook, and Key Players.

The bioenergy market is experiencing robust growth, driven by increasing concerns about climate change and the need for sustainable energy solutions. While precise figures for market size and CAGR are not provided, industry reports suggest a multi-billion dollar market with a compound annual growth rate (CAGR) likely in the range of 6-8% over the forecast period (2025-2033). This growth is fueled by several key factors: the rising adoption of biofuels (e.g., ethanol, biodiesel) as transportation fuels, increasing government incentives and regulations promoting renewable energy sources, and a growing demand for bio-based electricity generation from biomass. Furthermore, technological advancements in biofuel production, leading to increased efficiency and reduced costs, are further boosting market expansion. Significant regional variations exist, with North America and Europe currently holding substantial market shares, but rapid growth is anticipated in the Asia-Pacific region, particularly in countries like China and India, driven by their expanding economies and growing energy needs. However, challenges remain, including land use competition, concerns about food security (related to using food crops for biofuel production), and the overall fluctuating prices of raw materials impacting profitability. Despite these constraints, the long-term outlook for the bioenergy market remains positive. Continued research and development into advanced biofuels derived from non-food sources (e.g., algae, cellulosic biomass) are expected to mitigate some of the existing limitations. The increasing integration of bioenergy into existing energy infrastructure and the development of innovative technologies for energy storage and distribution further contribute to a promising future. Major players like Archer Daniels Midland, BP, Cargill, POET, Royal Dutch Shell, and Wilmar International are actively involved in shaping the market landscape through investments in research, production, and distribution networks, indicating strong industry confidence in long-term market viability. The market segmentation by application (e.g., transportation, electricity generation, heating) and types (e.g., ethanol, biodiesel, biogas) reflects the diverse nature of bioenergy sources and applications.

The bioenergy market, currently valued at $230.87 billion (2025), is projected to experience steady growth, driven by increasing concerns about climate change and the need for sustainable energy sources. A compound annual growth rate (CAGR) of 4% from 2025 to 2033 indicates a substantial market expansion, reaching approximately $330 billion by 2033. This growth is fueled by several key factors. Firstly, the transportation sector's increasing adoption of biofuels like ethanol and biodiesel, driven by stringent emission regulations and government incentives, is a major contributor. Secondly, the rising demand for off-grid electricity solutions in rural and developing regions is boosting the utilization of bioenergy for power generation. Finally, the use of bioenergy for cooking, especially in areas with limited access to conventional fuels, continues to contribute significantly to the market's expansion. Different biofuel types, including ethanol (dominant due to its established infrastructure and ease of production), biodiesel (gaining traction due to its versatility), and hydrocarbon fuels (with emerging technologies showing potential), cater to diverse applications and regional needs. Major players such as Archer Daniels Midland, BP, Cargill, POET, Royal Dutch Shell, and Wilmar International are strategically positioned to benefit from this expanding market, investing in research and development to enhance biofuel production efficiency and expand their market reach. Market segmentation across applications (transportation, off-grid electricity, cooking) and biofuel types (ethanol, biodiesel, hydrocarbon fuels) reveals interesting dynamics. The transportation sector currently dominates, but the off-grid electricity segment is projected to show higher growth rates due to increasing electrification needs in underserved communities. Geographical variations also exist, with North America and Asia Pacific expected to remain significant markets, influenced by government policies, technological advancements, and the presence of key industry players. While challenges remain, such as feedstock availability and the need for technological advancements to improve biofuel efficiency and reduce costs, the overall trajectory for the bioenergy market remains positive, underpinned by the growing global commitment to sustainable energy and reduced carbon emissions.

In North America Renewable Energy Market, Technological breakthroughs in battery storage, floating solar, and offshore wind will open new frontiers for deployment.

North America Renewable Energy Market size was valued at USD 116.82 Billion in 2023 and is projected to reach USD 363.8 Billion by 2031, growing at a CAGR of 16.80 % from 2024 to 2031.

North America Renewable Energy Market: Definition/ Overview

Renewable energy is defined as energy generated from natural sources that are constantly renewed, such as solar, wind, geothermal and hydropower. These sources are considered sustainable since they have a low environmental impact and can recover. Renewable energy, unlike fossil fuels, does not pollute or emit greenhouse gases, making it critical for sustainable development.

Unlock data-backed intelligence on North America Biomass Power Market, size at USD 23 billion in 2023, showcasing growth opportunities and trends.

The Bioenergy Market report segments the industry into Type (Solid Biomass, Biogas, Renewable Waste, Other Types), Technology (Gasification, Fast Pyrolysis, Fermentation, Other Technologies), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). The report includes Market Size and Demand Forecast till 2028 (for regions only). This report provides historical data and five-year forecasts.

The global bioenergy market, valued at $182,840 million in 2025, is projected to experience robust growth, driven by increasing concerns about climate change and energy security. A compound annual growth rate (CAGR) of 4.9% from 2025 to 2033 indicates a significant expansion, reaching an estimated $268,000 million by 2033. Key drivers include government policies promoting renewable energy sources, rising fossil fuel prices, and the increasing adoption of biofuels in the transportation sector. Technological advancements in biofuel production, enhancing efficiency and reducing costs, are further bolstering market growth. The transportation segment is expected to dominate the application landscape, fueled by the growing demand for sustainable transportation solutions and mandates for biofuel blending. However, challenges remain, including land-use competition, potential impacts on food security, and the need for further research and development to optimize biofuel production and minimize environmental concerns. The market is segmented by type (bioethanol, biodiesel, biogas, others) and application (transportation, off-grid electricity, cooking, others), offering diverse investment opportunities across various geographic regions. North America and Europe currently hold significant market share, but rapidly developing economies in Asia-Pacific are poised for substantial growth in the coming years. The bioenergy market's diverse product portfolio, spanning bioethanol, biodiesel, and biogas, caters to multiple sectors. While transportation currently dominates application, the off-grid electricity and cooking sectors present significant growth opportunities, particularly in developing nations. Major players such as Abengoa Bioenergy, Amyris, and BP are driving innovation and expanding production capabilities. However, the success of the bioenergy market hinges on overcoming challenges related to feedstock availability, efficient production processes, and regulatory frameworks. Further research into advanced biofuels and the development of sustainable feedstock sources will be crucial for unlocking the full potential of bioenergy and ensuring its long-term viability as a significant contributor to a cleaner energy future. The strategic geographic diversification of production and consumption is essential to mitigate risks associated with regional variations in policy, resources, and market demand.

North America Biofuel comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The size of the North America Wood Pellet Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.80">> 7.80% during the forecast period. The North American wood pellet market is experiencing significant growth, driven by an increasing emphasis on sustainable and renewable energy solutions. Wood pellets, which are a type of bioenergy produced from compressed organic materials, have emerged as a cleaner alternative to fossil fuels for both heating and electricity generation. The primary contributors to this market expansion are the United States and Canada, where there is a rising trend in the use of wood pellets for residential heating and large-scale energy production. This growth is bolstered by supportive government initiatives, including tax incentives and renewable energy mandates, that promote the utilization of biomass fuels. Furthermore, advancements in pellet production and combustion technologies have improved efficiency and lowered costs, thereby enhancing market demand. The growing awareness of environmental challenges and the imperative to decrease greenhouse gas emissions are also driving the transition towards wood pellets. Additionally, a robust supply chain and infrastructure for pellet production and distribution further support the market. As both nations continue to prioritize energy diversification and sustainability, the wood pellet market in North America is anticipated to expand steadily, thereby contributing to the region's overall energy security and environmental objectives. This trend underscores a broader commitment to moving away from non-renewable energy sources and adopting more sustainable practices. Recent developments include: In May 2021, Enviva Inc. and MOL Drybulk Ltd., a Mitsui O.S.K. Lines Ltd. subsidiary, announced that they had signed a memorandum of understanding to deploy an environmentally friendly bulk carrier. With this MOU, both companies reduce the greenhouse gas emissions in the ocean transportation of sustainable wood pellets and biofuels., In February 2022, Drax Group starts operations in its Leola satellite pellet plant in Arkansas. The plant is the first of three new satellite pellet plants that the company planned for Arkansas. The company invested USD 40 million in the plant. Furthermore, the company, with three plants, aims to increase the total wood pellet production to 120,000 tons annually.. Key drivers for this market are: 4., Higher Demand for Oil and Gas in the Country4.; Growing Infrastructure Development. Potential restraints include: 4., Competition from Renewable Energy. Notable trends are: The heating application is expected to dominate the wood pellet market.

North America Renewable Energy Storage Market is projected to reach USD 76.6 Billion by 2035, growing steadily at a CAGR of 13.18%.

Bioenergy Market Outlook

According to our latest research, the global bioenergy market size in 2024 stands at USD 120.8 billion, with a robust CAGR of 8.4% expected from 2025 to 2033. This growth trajectory will propel the market to reach USD 248.7 billion by 2033. The primary growth driver for the bioenergy market is the increasing global demand for sustainable and renewable energy sources, fueled by stringent environmental regulations and the urgent need to reduce greenhouse gas emissions.

One of the most significant growth factors in the bioenergy market is the rising adoption of renewable energy policies by governments worldwide. As nations strive to meet their Paris Agreement commitments and decarbonize their energy sectors, bioenergy is recognized as a crucial component of the energy transition. Subsidies, tax incentives, and mandatory blending targets for biofuels in transportation are pushing investments into bioenergy infrastructure. Furthermore, advancements in feedstock conversion technologies are enhancing the efficiency and scalability of bioenergy production, making it increasingly competitive with traditional fossil fuels. These policy-driven incentives, combined with the growing societal awareness of climate change, are catalyzing the shift towards bioenergy solutions in both developed and emerging economies.

Another key driver is the diversification of feedstock sources and the evolution of conversion technologies. The bioenergy market is no longer limited to first-generation feedstocks like corn and sugarcane but has expanded to include agricultural waste, wood biomass, energy crops, and even urban waste. This diversification mitigates supply chain risks and supports the circular economy by valorizing waste streams. Technological advancements, such as improved thermochemical and biochemical conversion processes, are increasing the yield and quality of bioenergy products, thereby reducing production costs. These innovations are enabling bioenergy to penetrate new applications, from industrial heat generation to advanced biofuels for aviation, further broadening the market’s addressable scope.

The increasing collaboration between public and private sectors is also fostering rapid market growth. Strategic partnerships, joint ventures, and cross-border investments are facilitating the development of large-scale bioenergy projects, particularly in regions with abundant biomass resources. International organizations such as the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA) are actively promoting knowledge exchange and best practices, supporting the global harmonization of standards. These collaborative efforts are accelerating technology transfer and market deployment, ensuring that bioenergy remains integral to the global renewable energy mix.

Regionally, Europe continues to dominate the bioenergy market, driven by ambitious renewable energy targets and a well-established regulatory framework. North America is also a significant contributor, with the United States and Canada investing heavily in advanced biofuels and biogas projects. The Asia Pacific region is emerging as a high-growth market, propelled by rapid industrialization, population growth, and favorable government policies in countries such as China, India, and Japan. Latin America and the Middle East & Africa are witnessing steady growth, supported by abundant biomass resources and increasing foreign investments. Each region presents unique opportunities and challenges, shaped by local feedstock availability, policy landscapes, and market maturity.

Feedstock Analysis

Feedstock selection is a critical determinant of bioenergy production efficiency, sustainability, and cost-effectiveness. The bioenergy market leverages a diverse range of feedstocks, including agricultural waste, wood biomass, energy crops, urban waste, and other organic materials. Agricultural waste represents a significant portion of the feedstock mix, particularly in agrarian economies where crop residues and by-products are abundant. Utilizing agricultural waste not only provides a low-cost, readily available resource but also addresses waste management challenges, reducing environmental pollution and supporting rural economies. The valorization of such residues into energy creates a closed-loop system, enhancing the sustainability profile of the bioenergy industry.

Wood biomass remains a cornerstone of the bioenergy feedstock lan

Bio-Energy Market Outlook

The global bio-energy market size was estimated at approximately USD 135 billion in 2023 and is expected to reach around USD 285 billion by 2032, growing at a robust CAGR of 7.9% during the forecast period. This significant growth can be attributed to various factors, including increasing environmental awareness, government incentives, and technological advancements in bio-energy production methods.

One of the primary growth factors driving the bio-energy market is the increasing global demand for renewable energy sources. With the rising concerns over climate change and the need to reduce greenhouse gas emissions, many countries are transitioning from fossil fuels to cleaner, renewable energy sources. Bio-energy, derived from organic materials such as plants, agricultural waste, and animal waste, offers a sustainable alternative that can significantly lower carbon footprints. Additionally, advancements in bio-energy technologies have made it more economically viable, further bolstering its adoption across various sectors.

Government policies and incentives also play a pivotal role in the growth of the bio-energy market. Numerous countries have implemented supportive policies, including subsidies, tax credits, and grants, to encourage the production and use of bio-energy. For instance, the European Union has set ambitious targets for renewable energy consumption, which includes bio-energy as a key component. Similarly, the United States has various programs under the Renewable Fuel Standard (RFS) and other initiatives that promote the use of biofuels. Such regulatory frameworks are crucial in driving investments and fostering the development of bio-energy infrastructure.

Technological advancements are another significant factor contributing to the market's growth. Innovations in bio-energy production methods, such as advanced bio-refining techniques, improved feedstock processing, and enhanced efficiency of bio-energy plants, have substantially increased the energy output and reduced costs. These technological improvements not only make bio-energy more competitive compared to other energy sources but also open up new applications in sectors like transportation, power generation, and industrial processes. Moreover, ongoing research and development activities are expected to uncover new feedstock sources and more efficient conversion technologies, further propelling the market forward.

In terms of regional outlook, Europe is anticipated to lead the global bio-energy market, followed by North America and Asia Pacific. The European market benefits from strong governmental support and a well-established infrastructure for renewable energy. North America is expected to witness substantial growth due to favorable regulatory frameworks and significant investments in bio-energy projects. Asia Pacific, particularly countries like China and India, is also showing promising growth potential due to increasing energy demands and a shift towards sustainable energy solutions. Each of these regions presents unique opportunities and challenges that will shape the future of the bio-energy market.

Technology Analysis

The bio-energy market is segmented into various technologies, including biogas, biomass, bioethanol, biodiesel, and others. Each of these technologies plays a crucial role in the overall bio-energy landscape, offering unique advantages and applications. Biogas, for instance, is produced through the anaerobic digestion of organic materials such as agricultural waste, animal manure, and municipal waste. It is widely used for power and heat generation, and as a renewable natural gas (RNG) for transportation. The biogas segment is expected to witness substantial growth due to increasing investments in biogas plants and the rising demand for RNG in the transportation sector.

Biomass, another significant technology in the bio-energy market, involves the direct combustion of organic materials to produce heat and power. Biomass energy is one of the oldest forms of renewable energy and remains a critical component of the modern bio-energy industry. Advances in biomass conversion technologies, such as gasification and pyrolysis, have improved the efficiency and environmental performance of biomass power plants. The growing adoption of biomass for industrial and residential heating, coupled with supportive government policies, is driving the growth of this segment.

Bioethanol, a type of biofuel produced from the fermentation of sugars found in crops like corn and sugarcane, is primarily used as a transportatio

The North America biomass gasification market is expected to exhibit a growth rate (CAGR) of 3.90% during 2025-2033.