Bioenergy is energy produced from bio-based renewable sources such as biofuel, biogas, biomass, and other bio-organic waste. Bioenergy is a promising renewable energy source for meeting global climate change goals as well as broader environmental, social, and sustainability goals. Agricultural waste, solid waste, liquid biofuels, and other feedstocks are utilized to make bioenergy. Bioenergy has a number of advantages, including reduced landfills, energy security and reliability, cost savings, biodegradability, and improved air quality, among others.
MARKET DYNAMICS
The surge in demand for energy generated from bio-based fuels in heat and power generating and transportation applications is propelling the worldwide bioenergy industry forward. Furthermore, strict government restrictions aimed at reducing pollution from carbon-emitting fossil fuels in the transportation industry are expected to drive market expansion from 2022 to 2028. On the contrary, the rapid shift from coal and other conventional power generation to renewable energy generation, as well as the increased use of biofuels in automobiles, are expected to generate attractive growth prospects for major companies in the future years.
MARKET SCOPE
The "Global Bioenergy Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The bioenergy market report aims to provide an overview of the bioenergy market with detailed market segmentation by product type, feedstock, application, and geography. The global bioenergy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bioenergy market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bioenergy market is segmented based on fuel by product type, feedstock, application. Based on product type, the bioenergy market is segmented into solid biomass, liquid biofuel, biogas, others. Based on feedstock, the bioenergy market is segmented into agricultural waste, wood waste, solid waste, others. Based on application, the bioenergy market is segmented into power generation, heat generation, transportation, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bioenergy market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bioenergy market by each region is later sub-segmented by respective countries and segments. The bioenergy market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bioenergy market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the bioenergy market in these regions.
IMPACT OF COVID-19 ON BIOENERGY MARKET
The worldwide bioenergy market has been negatively impacted by the COVID-19 outbreak. This is due to a temporary prohibition on imports, exports, and transportation activities, which has disrupted the supply chain and increased demand for electricity and biofuels in the manufacturing, transportation, construction, and oil and gas industries, where it is largely employed in powering applications.
MARKET PLAYERS
The reports cover key developments in the bioenergy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from bioenergy market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the bioenergy market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bioenergy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- EnviTec Biogas AG
- Babcock and Wilcox Enterprises, Inc.
- Orsted A/S
- Fortum Oyj
- Hitachi Zosen Corporation
- Pacific Bioenergy Corp
- Royal Dutch Shell Plc
- BP Plc
- Enerkem
- MVV Energie AG