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 covered | By Product Type, By Feedstock, By Application |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| 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.
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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