Material Handling Equipment Market By Product Outlook (Industrial Trucks, Racking & Storage Equipment, Cranes & Lifting Equipment, Continuous Handling Equipment); By Application Outlook (Wood Chip Handling, Municipal Solid Waste (MSW) Handling, Pellet Handling, Agricultural Residue Handling, Others); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The material handling equipment market in biomass power plants in 2023 was worth USD 851.3 million and is expected to be worth USD 1419.51 million by 2030, expanding at a CAGR of 6.6% during the forecast period.

 

The material handling equipment market in biomass power plants is witnessing a shift towards automation and better-conveying equipment. For instance, automatic conveyor systems and robotic loaders are gradually used to transfer biomass materials such as wood chips, agricultural residues, and pellets non-stop and safely. According to the data provided in 2022, more than 60 percent of new biomass integrated generation plants in Europe and North America installed automated material handling systems to manage feedstock and its processing. Latter technological advancements include incorporating Smart sensors and IoT-based equipment to monitor bulk material flow, reduce dumping, and improve the efficiency of biomass power plants.

 

 

Market Dynamics

The key growth dynamics in biomass power plants' material handling equipment market are the increase in emphasis on renewable energy sources and the need for managing various sorts of biomass resources. Currently, there is over 3,000GW of renewable energy installed globally in 2022; biomass power plants are standard, and they need efficient material handling equipment to handle massive materials such as wood chips, agricultural residues, and organic wastes. For instance, the countries in the EU region have planned certain targets with respect to the increase in biomass power zones, which in turn has affected the market for automated conveyor systems and grab cranes largely. Some of the recent developments are in stacking and reclaiming techniques for proper storage and timely delivery of biomass for efficient working of power plants.

 

A major factor that may check the growth of the material handling equipment market for biomass power plants is the capital cost and recurrent charges attached to state-of-the-art handling systems. Furthermore, biomass material properties, including moisture content and particle size, are yet another factor that adds to system complexity in terms of handling, hence raising the operational cost.

 

One of the key opportunities in the material handling equipment market in biomass power plants is the enhancement of the advanced but low-cost handling equipment trends to meet emerging markets, specifically in Asia. Due to the escalating tendency of biomass power generation by more than 5% per annum worldwide, methods and technologies for effective and cost-effective processing of various biomass materials are becoming increasingly important, especially in Asia-Pacific. For instance, the increasing adoption of small to medium-sized biomass power plants in countries like India and Indonesia signals the need for compact and modular feeding systems and conveyors. Recent advancements include designing modular, plug-and-play conveyors for biomass that are easy to install, exhibit flexibility in handling different biomass types, and require little or no technical adjustments and maintenance to improve efficiency.

 

Market Segmentation

Product Outlook

• Industrial Trucks

• Racking & Storage Equipment

• Cranes & Lifting Equipment

• Continuous Handling Equipment

 

Application Outlook

• Wood Chip Handling

• Municipal Solid Waste (MSW) Handling

• Pellet Handling

• Agricultural Residue Handling

• Others

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Europe is the largest consumer of material handling equipment for biomass power plants due to favorable government policies and high targets for using renewable energy sources. For instance, the European Union’s target of witnessing 32% of renewables by 2030 has boosted the development of biomass power plants across countries such as Germany, Sweden, and the UK. These countries are ambitious in developing high-capacity material handling systems for handling large volumes of biomass, such as wood pellets and agricultural residues, which are critical in the energy mix. Recent developments include implementing automated storage and retrieval systems (ASRS) in biomass plants. This improves the practicality of supplying biomass feedstock through efficient storage and storage movement. This regional dominance is further supported by the ongoing quest for carbon, neutral energy sources in Europe and Germany, where biomass has been identified to have a major role to play in energy production.

 

Key Players

• Andritz AG

• Bühler Group

• FLSmidth & Co. A/S

• Metso Corporation

• Siemens AG

• General Electric (GE)

• Kawasaki Heavy Industries Ltd.

• Schenck Process Holding GmbH

• Vecoplan AG

• Babcock & Wilcox Enterprises, Inc.

• Mitsubishi Heavy Industries Ltd.

• Terex Corporation

• Doosan Heavy Industries & Construction Co. Ltd.

• Vyncke NV

• JCB Limited

 

Recent Development

• In April 2024, The B&W Environmental unit of Babcock & Wilcox said that it had been granted a contract worth roughly $15 million to deliver environmental equipment to an industrial plant in the Middle East.