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Report Overview

The Southeast Asia biomass energy market is projected to grow at a CAGR of 7.60% between 2025 and 2034. The market is being driven by the growing focus on decarbonisation in the region.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • Over the last twenty years, the energy demand in Southeast Asia has risen by approximately 3% annually.
  • Access to energy has seen significant improvements, with nearly 95% of households in Southeast Asia having electricity.
  • Six countries in Southeast Asia have declared their commitments to achieving net zero emissions and carbon neutrality, aiming for a secure and sustainable future.

Southeast Asia Biomass Energy Market Growth

Most countries in Southeast Asia have committed to decarbonisation by 2050 and have established national energy transition frameworks. The region will require a minimum of $367 billion over the next five years to remain on track with its decarbonisation objectives. As the most populous nation in Southeast Asia, Indonesia represents 40% of the region's total energy consumption. The National Electricity Supply Business Plan for Indonesia, covering the period from 2021 to 2030, anticipates an annual growth in energy demand of 4.9%, with a notable increase in electricity requirements in both the industrial and residential sectors.

The Philippine Energy Plan for 2020–2040 sets forth ambitious targets for emission reductions over the coming decades, aiming for a 75% decrease in emissions by 2030. Additionally, Vietnam has set a target to achieve carbon neutrality by 2050, with renewable energy expected to account for 75% of its electricity generation by 2045. Singapore, the smallest yet wealthiest country in Southeast Asia, has set ambitious goals to reach net-zero emissions by 2050. It is the only Southeast Asian nation projected to achieve a reduction in emissions by 2030 compared to 2019 levels.

Biomass energy plays a crucial role in assisting these countries in meeting their sustainable energy objectives by offering a renewable and low-carbon substitute for fossil fuels. It mitigates greenhouse gas emissions, facilitates waste recycling, and bolsters energy security by utilising local resources. Through the production of electricity, heat, and biofuels, biomass enriches the energy portfolio, fostering environmental sustainability and economic growth. Its contribution to decreasing reliance on non-renewable resources is in harmony with international climate and energy goals.

Compound Annual Growth Rate

Value in

7.6%

2025-2034


Southeast Asia Biomass Energy Market Outlook

*this image is indicative*

Key Trends and Developments

Growing energy demand, supportive government policies, rising environmental concerns, and technological advancements and innovations are the major trends impacting the Southeast Asia biomass energy market growth

March 2024

The officials from Tuyen Quang province in northern Vietnam, in collaboration with Japan's Erex JSC, initiated the construction of the Erex Sakura Tuyen Quang biomass fuel facility, with a total investment exceeding VND 478.8 billion (€18.7 million).

May 2023

Vietnam sanctioned the National Power Development Master Plan for the period of 2021 to 2030 (Master Plan VIII), designed to significantly enhance the development of renewable energy sources, targeting a contribution of approximately 67.5% to 71.5% of the total electricity generation by the year 2050.

Growing Energy Demand

The demand for sustainable and renewable energy sources, such as biomass, is propelled by several interrelated factors, primarily driven by swift economic expansion and rising energy consumption. As economies grow, there is an increasing need for energy to support industrial activities, transportation, and residential needs.

Supportive Government Policies

Government policies that provide support, along with subsidies and incentives for renewable energy initiatives, play a crucial role in promoting investment in biomass energy projects. These policies include financial incentives such as tax credits, grants, and low-interest loans, which lower the financial barriers for businesses and individuals looking to invest in biomass energy.

Rising Environmental Concerns

The growing awareness of climate change and its multifaceted impacts has prompted a revaluation of energy sources and practices. Biomass energy emerges as a promising alternative that not only addresses environmental concerns but also supports public health and economic resilience.

Rapid Technological Advancements

Advancements in biomass conversion technologies have significantly improved the efficiency of converting organic materials into usable energy forms, such as biofuels, biogas, and electricity. These technological innovations encompass a range of processes, including gasification, anaerobic digestion, and enzymatic hydrolysis, which have been optimised to maximise energy output while minimising resource input.

Availability of Agricultural Residues

The substantial agricultural operations in the region yield a plentiful supply of biomass feedstock, which plays a crucial role in supporting various sectors and promoting sustainable practices. This biomass feedstock includes a diverse array of materials, such as rice husks, which are the protective coverings of rice grains, and sugarcane bagasse.

Rising Investment in Renewable Energy

The growth of the market is significantly propelled by the increasing investments from both private and public sectors in renewable energy initiatives. This surge in funding is driven by a combination of factors, including the urgent need to transition away from fossil fuels, the growing awareness of climate change, and the desire for energy security.

Southeast Asia Biomass Energy Market Trends

The increased efficiency and reduced costs make biomass energy more competitive compared to traditional fossil fuels and other renewable energy sources. As biomass energy becomes more economically viable, it attracts greater investment and interest from both the public and private sectors. This, in turn, fosters further research and development, leading to a virtuous cycle of innovation and improvement in biomass conversion technologies.

Furthermore, the region's agricultural operations provide a rich and diverse supply of biomass feedstock, including rice husks and sugarcane bagasse, which can be harnessed for various sustainable applications, thereby fostering economic growth and environmental stewardship.

The biomass energy sector is experiencing significant growth, contributing to job creation, economic development, and a reduction in greenhouse gas emissions. This momentum is expected to continue as more stakeholders recognise the importance of sustainable energy solutions and the role that biomass can play in achieving a cleaner, more resilient energy future.

Southeast Asia Biomass Energy Industry Segmentation

Southeast Asia Biomass Energy Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Source

  • Wood Chips / Pellets
  • Agricultural Crops and Residues
  • Animal Residues
  • Municipal Solid Waste and Sewage
  • Others

Market Breakup by Segment

  • Renewable
  • Non-Renewable

Market Breakup by Type

  • Solid Biomass
  • Liquid Biomass
  • Biogas

Market Breakup by Application

  • Commercial
  • Industrial
  • Others

Market Breakup by Country

  • Indonesia
  • Malaysia
  • Philippines
  • Vietnam
  • Thailand
  • Others

Southeast Asia Biomass Energy Market Share

Based on application, the market is segmented into commercial, and industrial, among others.

The industrial sector is projected to grow at a CAGR of 8.4% during the forecast period of 2024-2032. In the industrial sector, biomass energy serves as a source for producing steam and electricity, thereby decreasing dependence on fossil fuels, minimising operational expenses, and promoting sustainability through the conversion of waste to energy and the reduction of emissions.

Leading Companies in the Southeast Asia Biomass Energy Market

Major players are focusing on the adoption of cutting-edge technologies to gain a competitive edge in the market.

  • Yokogawa Electric Corporation
  • Thermax Limited
  • Mitsui E&S Engineering Co., Ltd.
  • Hitachi Zosen Corporation
  • DP CleanTech
  • Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 7.60% between 2025 and 2034.

The market is being driven by the growing energy demand in the region and rising environmental concerns.

The key trends aiding the market expansion include the advancements in biomass conversion technologies and rising investment in renewable energy.

The major applications of biomass energy are commercial and industrial, among others.

The major types of biomass energy in the market are solid biomass, liquid biomass, and biogas.

The major segments of biomass energy are renewable and non-renewable.

The countries considered in the market are Indonesia, Malaysia, Philippines, Vietnam, and Thailand, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment

  • Source
  • Segment
  • Type
  • Application
  • Region
Breakup by Source
  • Wood Chips/Pellets
  • Agricultural Crops and Residues
  • Animal Residues
  • Municipal Solid Waste and Sewage
  • Others
Breakup by Segment
  • Renewable
  • Non-Renewable
Breakup by Type
  • Solid Biomass
  • Liquid Biomass
  • Biogas
Breakup by Application
  • Commercial
  • Industrial
  • Others
Breakup by Region
  • Indonesia
  • Malaysia
  • Philippines
  • Vietnam
  • Thailand
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Yokogawa Electric Corporation
  • Thermax Limited
  • Mitsui E&S Engineering Co., Ltd.
  • Hitachi Zosen Corporation
  • DP CleanTech
  • Biofuel Industries Pte Ltd.
  • SaraRasa Bioindo
  • BIOENECO SDN. BHD
  • Nineton Bioenergy Pte Ltd.
  • Others

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124