Bioenergy Market (By Product Type: Solid Biomass, Liquid Biofuel, Biogas, Others; By Feedstock: Agricultural waste, Wood and Woody Biomass, Solid Waste, Others: By Application: Power generation, Heat Generation, Transportation, Others; By Technology: Gasification, Fast Pyrolysis, Fermentation, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

The global Bioenergy market gathered revenue around USD 108.71 billion in 2021 and market is set to grow USD 206.24 billion by the end of 2030 and is estimated to expand at a modest CAGR of 7.4% during the prediction period 2022 to 2030.

Growth Factors:

The bioenergy is generated by using different sources such as biomass, biofuel, organic waste, and biogas. These wastes are easily available in the market. Thus, these biowastes are utilized largely for the generation of bioenergy. As a result, the surge in demand for clean and green energy is driving the growth of the global bioenergy market over the projected period.

The factor such as implementation of favorable and stringent government regulations and guideline is contributing towards the expansion and development of the global bioenergy market. Moreover, the growing demand for renewable sources of energy is creating demand for bioenergy in the market globally. In addition, it has been noticed that the usage of bioenergy helps in the cost reduction and expenses for electricity generation. This factor is driving the growth of the global bioenergy market.

One of the primary factors driving the growth of the global bioenergy market is rising environmental and energy security issues. To save the environment with the adverse effects of global warming, the government agencies are constantly striving for the surge in the usage of the bioenergy all over the globe. Several nations are looking for alternatives to traditional energy sources because fossil fuels are limited and energy is obtained by them. Thus, bioenergy is widely used in every vertical of industries.

Bioenergy is quickly becoming one of the most popular alternatives to traditional energy sources, helping to diversify the fuel and energy mix and reduce reliance on global petroleum industries and sectors. This type of fuel is very expensive as compared to biofuels or bioenergy. That’s the reason, the government and private organizations have started utilizing bioenergy on a large scale.

Report Scope of the Bioenergy Market

 Furthermore, bioenergy reduces a country’s reliance on trade of crude oil, which advantages countries with less or no reserves. As bioenergy and biofuel is sourced from local feedstock, government of developed and developing countries are incentivizing landowners and producers to produce biomass feedstock, which increase the rate of bioenergy production on a large scale at a rapid pace. As a result, all these factors are boosting the growth of the global bioenergy market during the forecast period.

The major factors and key market trends for bioenergy such as increased investment in bioenergy sectors is driving the growth and development of the global bioenergy market. The government agencies and private companies are collaborating with each other for the growth of the bioenergy market.

Furthermore, corporate organizations and government of developed and developed regions around the world are boosting their involvement in biofuel production through specific loans and subsidies. This has prompted suppliers to build plants with significant biofuel production capacity. While the bioenergy market is still in its infancy, these patterns of large-scale investment will attract more organizations and aid in the growth of the global bioenergy market over the forecast period.

Region Insights

 North America dominated the bioenergy market in 2021. The U.S. dominated the bioenergy market in North America region. The factors such as rising investments in infrastructural development and energy projects, expansion of the energy industry, and growing initiatives by key market players towards the growth of the bioenergy market are supporting for the expansion of the bioenergy market in North America region.

Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. Many of the countries and states of Asia-Pacific region do not have proper sources for the generation of electricity. The demand for electricity in such regions is driving the demand for bioenergy in the Asia-Pacific region. In addition, increase in investments in research and development by government is also contributing towards the growth and development of the bioenergy market.

Some of the prominent players in the Bioenergy Market include:

• Ameresco Inc.
• MVV Energie AG
• Enexor Energy
• Drax Group
• EnviTec Biogas AG
• Pacific BioEnergy Corp.
• Lignetics
• Enerkem
• Green Plains Inc.
• Enviva

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Product Type

• Solid Biomass
• Liquid Biofuel
• Biogas
• Others

By Feedstock

• Agricultural waste
• Wood and Woody Biomass
• Solid Waste
• Others

By Application

• Power generation
• Heat generation
• Transportation
• Others

By Technology

• Gasification
• Fast Pyrolysis
• Fermentation
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Bioenergy Market Study:

• Growth of Bioenergy in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Bioenergy and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Bioenergy Consumption Analysis
•  Bioenergy Production Analysis
•  Bioenergy and Management