Bioenergy Market Size, Growth, Upcoming Trends, Challenges and Future Opportunities 2032

Bioenergy Market Size- By Product Type, By Feedstock, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Bioenergy Market Size- By Product Type, By Feedstock, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Dec 2022 Report ID: BIOT2239 Pages: 1 - 241 Formats*:     
Category : Biotechnology
Global Bioenergy Market Overview:

According to SPER Market Research, the Global Bioenergy Market is estimated to reach USD 253 billion by 2032 with a CAGR of 7.82%. 

Bioenergy is energy produced utilising biologically based renewable resources including biofuel, biogas, biomass, and other biological waste. In order to meet broader environmental, social, and sustainability goals as well as global climate change targets, bioenergy is a viable source of renewable energy. Agricultural waste, solid waste, liquid biofuels, and other materials are examples of feedstock used in the production of bioenergy. Among its many main benefits are the reduction of landfills, increased energy security and dependability, cost savings, biodegradability, and improved air quality. The rise in demand for energy produced utilising bio-based fuels from transportation applications and heat & power generation is what is driving the growth of the worldwide bioenergy market. Furthermore, it is projected that the market would rise due to the implementation of strict government laws about environmental pollution from fossil fuels that release carbon dioxide. Instead, it is projected that the quick switch from coal and other traditional energy sources to renewable energy sources and the rise in the usage of biofuels in automobiles would offer attractive development prospects for major companies to retain their position in the market in the future years. Based on the effects of the drivers, constraints, and opportunities, the bioenergy market is examined and estimated. 

The assessment of the market's development potential and constraints based on regional analysis is included in the research. In past years, the bioenergy market share that belonged to liquid biofuels was the biggest. The increase in demand for liquid biofuels from transportation uses such as passenger cars, trucks, ships, and airplanes is to blame for this. In the upcoming years, it is also projected that increased demand for liquid biofuels from power-generating applications in building & construction, residential, and other commercial applications would propel market expansion. In terms of market share, the solid waste category formerly dominated the world market due to an increase in the production of solid waste from the residential, commercial, and industrial sectors, which may be utilised more and more in the production of bioenergy. Additionally, it is anticipated that within the examined time range, demand for sustainable power, transportation fuels, heat generation, and other uses would expand. In the previous year, the transportation sector had the biggest market share. This is linked to strict government laws about carbon emissions from traditional fuel sources used in transportation applications, including diesel, kerosene, gasoline, and others. Additionally, the worldwide market is anticipated to develop due to the fast expansion of the transportation industry.

Impact of COVID-19 on the Global Bioenergy Market 
The COVID-19 epidemic has had a detrimental effect on the market for bioenergy worldwide. This is attributed to a temporary ban on import, export, and transportation activities, which disrupted the supply chain and increased demand for electricity and biofuels from the manufacturing, transportation, building, and oil & gas industries because these sectors heavily rely on them for powering applications.




Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Product Type, By Feedstock, By Application
 Regions coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredBabcock & Wilcox, BP Plc, Enerkem, EnviTec Biogas AG, Fortum Oyj, Hitachi Zosen Corporation, MVV Energie AG., Orsted A/S, Pacific Bioenergy Corp, Royal Dutch Shell Plc.
Global Bioenergy Market Segmentation:

By Product Type: Based on the Product Type, Global Bioenergy Market is segmented as; Solid Biomass, Liquid Biofuel, Biogas, Others.

By Feedstock: Based on the Feedstock, Global Bioenergy Market is segmented as; Agricultural Waste, Wood Waste, Solid Waste, Others.

By Application: 
Based on the Application, Global Bioenergy Market is segmented as; Power Generation, Heat Generation, Transportation, Others.

By Region: In terms of revenue, Europe held the largest market share for bioenergy the previous year, and it is predicted that it will continue to hold this position during the projected period. This is explained by the region's significant customer base and important player presence. Additionally, it is anticipated that the European Union member states would boost their bioenergy R&D and investment during the projection period in order to meet their nations' future renewable energy requirements.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Bioenergy Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Global Bioenergy Market, By Product Type, 2019-2032 (USD Million)
6.1 Solid Biomass
6.2 Liquid Biofuel
6.3 Biogas
6.4 Others

7. Global Bioenergy Market, By Feed stock, 2019-2032 (USD Million)
7.1 Agricultural Waste
7.2 Wood Waste
7.3 Solid Waste
7.4 Others

8. Global Bioenergy Market, By Application, 2019-2032 (USD Million)
8.1 Power Generation
8.2 Heat Generation
8.3 Transportation
8.4 Others

9. Global Bioenergy Market, By Region, 2019-2032 (USD Million)
9.1 North America
9.1.1. United States
9.1.2. Canada
9.1.3. Mexico
9.2 Europe
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3 Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4 South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5 Middle East & Africa
9.5.1. Kingdom of Saudi Arabia 
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa

10. Company Profiles
10.1 Babcock & Wilcox
10.1.1. Company details 
10.1.2. Financial outlook
10.1.3. Product summary 
10.1.4. Recent developments

10.2 BP Plc
10.2.1. Company details 
10.2.2. Financial outlook
10.2.3. Product summary 
10.2.4. Recent developments

10.3 Enerkem
10.3.1. Company details 
10.3.2. Financial outlook
10.3.3. Product summary 
10.3.4. Recent developments

10.4 EnviTec Biogas AG
10.4.1. Company details 
10.4.2. Financial outlook
10.4.3. Product summary 
10.4.4. Recent developments

10.5 Fortum Oyj
10.5.1. Company details 
10.5.2. Financial outlook
10.5.3. Product summary 
10.5.4. Recent developments

10.6 Hitachi Zosen Corporation
10.6.1. Company details 
10.6.2. Financial outlook
10.6.3. Product summary 
10.6.4. Recent developments

10.7 MVV Energie AG
10.7.1. Company details 
10.7.2. Financial outlook
10.7.3. Product summary 
10.7.4. Recent developments

10.8 Orsted A/S
10.8.1. Company details 
10.8.2. Financial outlook
10.8.3. Product summary 
10.8.4. Recent developments

10.9 Pacific Bioenergy Corp
10.9.1. Company details 
10.9.2. Financial outlook
10.9.3. Product summary 
10.9.4. Recent developments

10.10 Royal Dutch Shell Plc
10.10.1. Company details 
10.10.2. Financial outlook
10.10.3. Product summary 
10.10.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The Bioenergy Market is projected to reach USD 253 billion by 2032, growing at a CAGR of 7.82% during the forecast period.
The Bioenergy Market grew in market size from 2021. The Market is expected to reach USD 253 billion by 2032, at a CAGR of 7.82% during the forecast period.
The Bioenergy Market CAGR of 7.82% during the forecast period.
You can get the sample pages by clicking the link -Click Here
The Bioenergy Market size is USD 253 billion from 2022 to 2032.
The Bioenergy Market segment is Covered By Product Type, By Feedstock, By Application.
The North America and Europe region is anticipated to have the highest market share in the Bioenergy Market.
The key players in the market include Companies Covered Babcock & Wilcox, BP Plc, Enerkem, EnviTec Biogas AG, Fortum Oyj, Hitachi Zosen Corporation, MVV Energie AG., Orsted A/S, Pacific Bioenergy Corp, Royal Dutch Shell Plc.
The bioenergy market share that belonged to liquid biofuels was the biggest. The increase in demand for liquid biofuels from transportation uses such as passenger cars, trucks, ships, and airplanes is to blame for this. In the upcoming years, it is also projected that increased demand for liquid biofuels from power-generating applications in building & construction, residential, and other commercial applications would propel market expansion.
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