Bioenergy Market Report 2020-2030
A Global Bioenergy Market Estimate and Forecast – Industry Insights For Consumption, Demand, Production, Price Trend, Competitive Intelligence, and Opportunity Analysis Along the Value
The global bioenergy market is expected to witness CAGR of xx% during the forecast period owing to increasing progressions in enzyme technologies. Bioenergy helps in stimulating employment opportunities and global economic progressions by availing scattered and decentralised biomass and bioenergy production. Furthermore, bioenergy supports food processing and agricultural industries by helping organizations to reduce energy costs and enables them to utilise waste stream that further assists them in generating additional revenue by selling off heat extracted from biomass.
Bioenergy is gas and electricity developed from organic matter defined as biomass. Organic matter comprises of timber, plants, sewage, food and agricultural waste that are useful for production of transport fuels. Use of biomass in the form of energy source is known as feedstock developed for producing energy content and is created from the waste materials of various industries such as food processing, agriculture and timber production. Wood pellets that are combustible and dry feedstocks are burnt in furnaces that boil water and generate steam that enables turbine to rotate and produce electricity thereby uplifting growth of global bioenergy market.
Increasing concern pertaining to energy security and environment safety is the key factor pertaining towards the growth of global bioenergy market. Energy production is based upon fossil fuels that are limited that enhances large quantities of crude oil that stimulates economic prosperity. Bioenergy is considered to be an alternative traditional energy sources that helps in escalating energy mix and decrease dependency on global petroleum markets that is further anticipating the growth of global bioenergy market.
Bioenergy is a renewable energy source that helps in developing both electricity and heat in a combined heat power (CHP) plant. This is further used by various industries in cooling and heat applications thereby bolstering the growth of global bioenergy market. However, instability in global crude oil prices is anticipated to hinder the growth of global bioenergy market in the near future.
Bioenergy market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the bioenergy manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on product type and application. On the basis product type, the global bioenergy market is segmented into conventional ethanol, biodiesel, biopower, and others. Of all, conventional ethanol category held the largest share in the market in 2018.
Based on application, the global bioenergy market is categorized into transportation, off-grid electricity, cooking, and others.
Bioenergy market in North America region is anticipated to generate largest revenue in the global market by 2030, owing to stringent emission norms in the region. Asia-Pacific is expected to witness fastest growth in the market during the forecast period, owing to the increase in demand for electricity due to the growing population.
The report also offers the insights for the European, Middle East and Africa, and Latin American Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
Some of the players having prominent presence in the global bioenergy market include Archer Daniels Midland, BP plc, Cargill, Incorporated, Royal Dutch Shell PLC, Wilmar International Limited, E. I. du Pont de Nemours and Company, Abengoa Bioenergy, Amyris, Inc., Joule Unlimited, Gevo, Inc., LanzaTech Inc., POET LLC, Novozymes A/S, Solazyme Inc., Sapphire Energy, and Zeachem Inc.
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