Insights on the Bioenergy Global Market to 2027 – by Product Type, Feedstock, Application and Region – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Bioenergy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global bioenergy market reached a volume of 133.58 GW in 2021. Looking forward, the publisher expects the market to reach a volume of 212.10 GW by 2027, exhibiting a CAGR of 8.01% during 2021-2027.
Companies Mentioned
- Archer-Daniels-Midland Company
- Babcock & Wilcox Enterprises Inc.
- Bunge limited
- EnviTec Biogas AG
- Fortum Oyj
- Hitachi Zosen Corporation
- Mitsubishi Heavy Industries Ltd.
- MVV Energie AG
- Orsted A/S
- Pacific BioEnergy
- POET LLC.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Bioenergy is a form of renewable energy that is generated from organic matter, such as biomass, biogas, and biofuel. It is widely used to produce heat, fuel for transportation, electricity, and for heating and cooking applications. It is usually obtained from natural processes and sources, such as wind and sunlight. Bioenergy is eco-friendly as it is produced from feedstock, including solid waste, agricultural waste, and liquid biofuels.
As compared to conventional energy sources, biofuels offer better energy reliability, reduced landfills, improved biodegradability, minimized carbon footprint and enhanced air quality. It can also be replenished over relatively shorter durations, thereby reducing the energy bills and reliance on fossil fuels.
The rising prevalence of global warming due to growing industrial activities across the globe is creating a positive outlook for the market. Consumers are focusing on sustainable development by using bio-based fuels for power generation and biomass for developing low cost and energy effect construction materials.
In line with this, the increasing environmental consciousness among the masses regarding the adverse effects of pollution and greenhouse gas (GHG) emission is also favoring the market growth. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) with connected devices for optimizing energy usage, balancing electricity supply and predicting the performance of biomass conversion, are providing an impetus to the market growth.
Additionally, the increasing product demand to reduce air pollution and emission of GHG due to the rising instances of respiratory diseases, such as pulmonary fibrosis, asthma and lung cancer, is augmenting the market growth. Other factors, including the increasing demand for biomass-based electricity generation and the implementation of various government initiatives to promote the adoption of renewable energy sources, are anticipated to drive the market further toward growth.
Key Questions Answered in This Report:
- How has the global bioenergy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global bioenergy market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the feedstock?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global bioenergy market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bioenergy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
7 Market Breakup by Feedstock
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/781kcm
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