LONDON--(BUSINESS WIRE)--The bioenergy market is poised to grow by USD 68.86 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Bioenergy Market Analysis Report by Application (transportation, off-grid electricity, cooking and others), Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/bioenergy-market-industry-analysis
The market is driven by the rising need for renewable clean fuel. In addition, the advances in enzyme technologies are anticipated to boost the growth of the bioenergy market.
The global energy insecurity, volatile fuel prices, and the rising emission levels have led to increased focus on alternative fuels. Moreover, the steady depletion of fossil fuel reserves has increased the use of renewable biofuels. Biofuel blends are used in regular vehicles with little or no modification required in the engines. Biofuels emit fewer greenhouse gas (GHG) emissions in comparison to conventional fuels. Bioethanol and biodiesel reduce the amount of sulfur and hydrocarbon emissions in the air. Such benefits of biofuels and increased demand for renewable clean fuel is expected to drive the growth of the market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Bioenergy Companies:
A2A Spa
A2A Spa has business operations under various segments, including generation and trading, waste, networks and district heating, international, and A2A smart city and corporate. The company offers bioenergy solutions through its generation and trading segment.
Archer Daniels Midland Co.
Archer Daniels Midland Co. operates its business through origination, oilseeds, carbohydrate solutions, nutrition, and others. The company offers bio energy solutions through the others segment which focuses on industrial users.
Babcock & Wilcox Enterprises Inc.
Babcock & Wilcox Enterprises Inc. has business operations under three segments, namely Babcock & Wilcox, Vølund & Other Renewable, and SPIG. The company offers bioenergy related products through its renewable segment which includes biomass power generation applications.
BP Plc
BP Plc operates its business through four segments: downstream, upstream, Rosneft, and other businesses and corporate. The company offers bioenergy solution through its others segment which focuses on several activities including biofuels and wind businesses.
Hitachi Zosen Corp.
Hitachi Zosen Corp. has business operations under three segments: environmental systems & industrial plants, machinery, and infrastructure. The company offers renewable energy solution through its environmental systems and industrial plants segment.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Bioenergy Application Outlook (Revenue, USD Billion, 2020-2024)
- Transportation
- Off-grid electricity
- Cooking
- Others
Bioenergy Regional Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
