Biomass Steam Turbine Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook

On : 21july 2025

• The global biomass steam turbine market size was valued at USD 1,392 million in 2024. The market is projected to grow from USD 1,461 million in 2025 to USD 2,064 million by 2032, exhibiting a CAGR of 5.1% during the forecast period.

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• A biomass steam turbine is a mechanical device that converts thermal energy from steam generated by biomass combustion into rotational energy for electricity production. These turbines utilize organic materials such as wood chips, agricultural waste, and dedicated energy crops as fuel sources. Unlike conventional steam turbines powered by fossil fuels, biomass turbines align with circular economy principles by leveraging renewable feedstocks.

• Market growth is primarily driven by tightening environmental regulations and increasing adoption of renewable energy solutions worldwide. Governments across Europe and Asia are implementing favorable policies including feed-in tariffs and renewable portfolio standards to encourage biomass energy deployment. While the technology offers sustainable baseload power generation capabilities, high initial capital investments and competition from solar/wind energy remain key challenges for market participants.

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