Bioenergy Market Report and Forecast 2023-2028

According to the report by Expert Market Research (EMR), the global bioenergy market Size is projected to grow at a CAGR of 5.6% between 2023 and 2028. Aided by the increasing shift towards renewables and other non-fossil fuel-based energy sources and advances in bioenergy conversion technology, the market is expected to grow significantly by 2028.

Bioenergy is a renewable energy derived from organic materials, commonly referred to as biomass. This can include plant-based materials and animal waste, and it is utilised to produce heat, electricity, or biofuels. Bioenergy plays a crucial role in sustainable development, waste management, and promoting energy security, while also reducing greenhouse gas emissions.

Get a Free Sample Report with Table of Contents –

The rising demand for renewable energy sources is primarily driving the global bioenergy market growth. As the awareness and need for sustainable and environmentally-friendly energy sources increases, there has been a significant shift towards bioenergy. Additionally, the increasing pressures to reduce greenhouse gas emissions and mitigate climate change have accelerated the adoption of bioenergy across various sectors.

The bioenergy market expansion is also greatly influenced by the expanding uses of bioenergy in a variety of industries. As biofuels, bioenergy is being used more frequently in the transportation industry as a renewable substitute for fossil fuels. While it is used for cooking and heating in home settings, bioenergy is a sustainable source of heat and power in the industrial sector. The agricultural industry also uses bioenergy, notably biofuels and biogas, for a range of purposes, such as powering equipment and managing waste.

Additionally, the market expansion is being further fuelled by the rising investment in the research and development of advanced bioenergy technologies and infrastructure. New prospects for bioenergy are being created by advancements in the production of biogas, advanced biofuels, and biomass power technology.

Additionally, the attention on bioenergy as a crucial element in the world’s energy mix has expanded as a result of the government’s increased support and advantageous regulations for the creation of renewable energy. Bioenergy has become an important participant in the transition to renewable energy, along with the rising trend of sustainability and the increasing popularity of green energy, which is fuelling the expansion of the bioenergy market.

Read Full Report with Table of Contents –

Bioenergy Market Segmentation

The market can be divided based on type, technology, and region.

Market Breakup by Type

• Solid Biomass
• Biogas
• Renewable Waste
• Others

Market Breakup by Technology

• Gasification
• Fast Pyrolysis
• Fermentation
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global bioenergy companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Mitsubishi Heavy Industries Ltd
• MVV Energie AG
• A2A S.p.A.
• Hitachi Zosen Corporation
• BTG Biomass Technology Group BV
• Babcock & Wilcox Enterprises, Inc.
• Others

Read More Reports:

Wireless Microphone Market:

Automotive Body Control Module Market:

Gaming Console Market:

Matcha Tea Market:

Dried Fruits Market:

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Alex Parker, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *