Skip to main content

Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion: Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, July 20, 2020 (GLOBE NEWSWIRE) — The global bioenergy market size is projected to reach USD 642.71 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. Deepening commitment to the 2015 Paris Climate Change Agreement will be a critical factor augmenting the growth of this market, shares Fortune Business Insights™ in its report, titled “Bioenergy Market Size, Share & COVID-19 Impact Analysis By Product Type (Solid Biomass, Liquid Biofuel, Biogas, and Others), By Feedstock (Agricultural Waste, Wood and Woody Biomass, Solid Waste and Others), By Application (Power Generation, Heat Generation, Transportation, and Others), and Regional Forecast, 2020-2027”.The emergence of the COVID-19 pandemic has shattered the manufacturing processes of several companies worldwide. However, some of them have commenced these processes by keeping in mind the stringent norms, such as social distancing and low workforce. Our specially developed research reports would help you in overcoming the losses of your business by choosing the right strategy apt for the current situation.To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit:Exhaustive examination of the key market drivers, trends, and restraints;Accurate forecasting of upcoming market opportunities;In-depth study of all market segments;Comprehensive evaluation of the regional dynamics; andCareful profiling and thorough research of the top market players and their strategies.Market DriverRapid Depletion of Fossil Fuels to Accelerate the Bioenergy Market GrowthThe world overly dependent on fossil fuels to satisfy its energy demands. For example, in the US, fossil fuels accounted for 81.5% of the total energy consumption. Excessive reliance on exhaustible energy sources is causing their depletion rate to overtake their replenishment rate. The US Energy Information Administration (EIA) estimates that the current global stock of crude oil will be adequate to meet world’s oil demand till 2050. A report published by the Millennium Alliance for Humanity and the Biosphere (MAHB) states that coal will run out in 70 years, gas will be over in 40 years, and oil will be gone in the next 30 years. These stark projections are reinforcing the need for the global society to develop and actively embrace bioenergy sources and reduce dependence on conventional energy.Concerted Efforts to Reduce Carbon Emissions to Boost the Market in Asia PacificBooming economies of Asia Pacific, mainly India and China, who are also two of the largest emitters in the world, are taking decisive policy measures to curb emissions. In developed economies such as Japan, use of wood as biofuel is rising, increasing bio energy consumption in the region. These factors enabled Asia Pacific to create a market for bio energy with a size of USD 96.76 billion in 2019.Countries in the European Union (EU) are actively adopting bio-energy as these energy sources are expected to speed up the EU’s shift towards renewables in the coming decade. North America, being one of the largest producers of liquid biofuels, is steadily fastening its hold on the bioenergy market share backed by significant increases in ethanol production in the US. Competitive LandscapeWidening Geographic Presence of Companies to Characterize Market CompetitionWith strengthening global commitment towards bio-based energy, key players in this market are exploring new avenues to expand their regional and global presence. Companies are also taking advantage of incentives offered governments for renewable energy projects to consolidate their position in the market.Industry Developments:April 2020: Ductor, the Finnish-Swiss bioenergy company, announced the building of three biofertilizer-biogas plants in Poland’s Zachodniopomorskie region. Using poultry waste, the plants will produce renewable energy and organic nitrogen fertilizer, enhancing Poland’s shift towards circular economy.February 2020: San Francisco-based Brightmark expanded its dairy biogas project in Western New York under its “Yellowjacket” project. Partnering with six farms, the company will extract methane from dairy manure every day and produce renewable natural gas.List of the Leading Companies Covered in the Bioenergy Market Research Report are:Enexor Energy (U.S.)Lignetics (U.S.)Green Plains Inc. (U.S.)Enviva (U.S.)Enerkem (Canada)POET (U.S.)Drax Group (U.S.)Pacific BioEnergy Corp (Canada)EnviTec Biogas AG (Germany)MVV Energie AG (Germany)Ameresco, Inc. (U.S.)ADM (U.S.)
Detailed Table of ContentIntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesLatest Technological AdvancementRegulatory LandscapeIndustry SWOT AnalysisPorters Five Forces AnalysisQualitative Analysis – Impact of COVID-19Impact of COVID-19 on the Bioenergy MarketSteps Taken by the Government to Overcome the ImpactKey Developments in the Industry in Response to COVID-19Potential Opportunities and Challenges due to COVID-19 OutbreakGlobal Bioenergy Market Analysis (USD Billion), Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product TypeSolid BiomassLiquid BiofuelsBiogasOthersMarket Analysis, Insights and Forecast – By FeedstockAgricultural WasteWood and Woody BiomassSolid WasteOthersMarket Analysis, Insights and Forecast – By ApplicationPower GenerationHeat GenerationTransportationOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/bioenergy-market-103296
Biogas Market Size, Share and Industry Analysis By Feedstock (Organic Residues & Waste, Energy Crops), By Application (Heating, Electricity, CHP, Others) And Regional Forecast 2019-2026Bioethanol Market Size, Share and Global Trend By Feedstock (Starch-Based, Sugar-Based, Cellulose Based, Others), By Application (Transportation Fuel, Power Generation, Cosmetic, Pharmaceutical, Chemical, Others) and Geography Forecast till 2026Bio-methane Market Size, Share and Global Trend By Source (Agricultural waste, Municipal solid waste, Animal manure, Sewage sludge, Food waste), By Application (Automobile, Power Generation), By Technology (Fermentation, Gasification) and By Geography Forecast till 2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.