Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Bioenergy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global bioenergy market size reached 144.4 GW in 2022. Looking forward, the publisher expects the market to reach 228.1 GW by 2028, exhibiting a CAGR of 7.92% during 2022-2028.
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.
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
1. What was the size of the global bioenergy market in 2022?
2. What is the expected growth rate of the global bioenergy market during 2023-2028?
3. What are the key factors driving the global bioenergy market?
4. What has been the impact of COVID-19 on the global bioenergy market?
5. What is the breakup of the global bioenergy market based on the product type?
6. What is the breakup of the global bioenergy market based on the feedstock?
7. What is the breakup of the global bioenergy market based on the application?
8. What are the key regions in the global bioenergy market?
9. Who are the key players/companies in the global bioenergy market?
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
6.1 Solid Biomass
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Liquid Biofuel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Biogas
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Feedstock
7.1 Agricultural Waste
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wood Waste
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Solid Waste
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Power Generation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Heat Generation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Transportation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
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/3yuhb4-market?w=12
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