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".
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.
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Major Five Bioenergy Companies:
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 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.
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Bioenergy Application Outlook (Revenue, USD Billion, 2020-2024)
- Off-grid electricity
Bioenergy Regional Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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