Sale

Bioenergy Market

Global Bioenergy Market Size, Share, Trends, Forecast: By Type: Solid Biomass, Biogas, Renewable Waste, Others; By Technology: Gasification, Fast Pyrolysis, Fermentation, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Bioenergy Market Outlook

The global bioenergy market size is projected to grow at a CAGR of 5.6% between 2024 and 2032.

 

Key Takeaways

  • Increasing global focus on clean energy generation and reducing the dependence on fossil fuels is the key market trend.
  • Increasing government investment to promote sustainable development is expected to favour the market growth.
  • Fermentation is a biological process that excels in converting sugar and starch-rich biomass into bioethanol, a renewable fuel.

 

Bioenergy is a green energy supply composed of materials obtained from natural or biological sources. Biomass, for example, is a form of bioenergy that includes timber, compost, waste, sugarcane, straw, and a variety of other items. On a global scale, there is an energy crisis; as a result, plans are being made to use different types of bioenergy technologies to mitigate the current situation.

 

The increasing shift towards renewables and other non-fossil fuel-based energy sources, such as solid biomass, biogas, and others, is a major contributor to the biogas market growth. During the projected period, factors such as rising energy demand, advances in bioenergy conversion technology, increased bioenergy investment, and decreasing electricity generation costs from bioenergy facilities are expected to drive the market. The increasing concern about global warming and future energy security has resulted in increased energy protection initiatives, which is another critical growth driver for the biogas market.

 

Transportation is the backbone of any financial sector, and it is heavily reliant on oil, making it highly vulnerable to oil price fluctuations. Current economic conditions rely entirely on renewable energy sources to achieve long-term energy security while reducing their reliance on other countries to develop their economies. As a result, it is anticipated that renewable green programmes undertaken by certain governments would promote the use of bioenergy in a variety of sectors.

 

Bioenergy Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Key Trends and Developments

Focus on sustainability and circular economy; integration of bioenergy with traditional energy systems; advancements in biofuel technologies; and favourable government policies and incentives are the major trends in the bioenergy market

 

Date Company/Agency Event
Oct 2023 Empresas Públicas de Medellín (EPM) Initiated operations at the nation’s inaugural biomethane facility, marking a significant step in expanding its portfolio of clean energy sources.
Feb 2024 Saunders International Limited (Saunders) Entered into a Memorandum of Understanding (MoU) with Optimal Renewable Gas (ORG) to support the development of biomethane production facilities across Australia.
Feb 2024 TruAlt Bioenergy TruAlt, one of the leading biofuel companies, announced plans to increase its production capacity by 270,000 litres per day by the next financial year.
Feb 2024 City of Long Beach Undergoing a transformation in its waste management approach by partnering with Bioenergy Devco to build a facility dedicated to recycling organic materials.

 

 

Trends Impact
Increased Focus on Sustainability and Circular Economy There is a growing emphasis on ensuring that bioenergy production is sustainable and contributes positively to the circular economy.
Rising integration of bioenergy with traditional energy systems Bioenergy is increasingly being integrated into existing energy systems which includes co-firing biomass with coal in power plants and using biogas for electricity generation and heating.
Growing advancements in biofuel technologies in market Technological advancements are enabling the production of next-generation biofuels, such as cellulosic ethanol, algae-based biofuels, and synthetic biology-derived fuels.
Favourable government policies and incentives for bioenergy This includes mandates for renewable energy usage, subsidies for biofuel production, and carbon pricing mechanisms that make bioenergy more competitive with fossil fuels.

 

Bioenergy Market Trends

Technological advancements in the bioenergy sector are paving the way for the production of next-generation biofuels, which promise to overcome some of the limitations of first-generation biofuels derived primarily from food crops (such as corn and sugarcane for ethanol or vegetable oils for biodiesel) and are crucial factors in the bioenergy market development. Next-generation biofuels, including cellulosic ethanol, algae-based biofuels, and synthetic biology-derived fuels, are developed from non-food biomass sources and innovative processes. For example, cellulosic ethanol has the advantage of not competing with food crops for arable land and has a lower carbon footprint compared to first-generation biofuels.

 

TruAlt Bioenergy, a prominent player in the biofuel sector, made a strategic announcement in February 2024 regarding its future growth and commitment to renewable energy. The company has outlined plans to significantly boost its biofuel production capabilities, aiming to increase its daily production capacity by an additional 270,000 litres by the next financial year. By expanding its production capabilities, the company is making a substantial investment in the renewable energy sector.

 

Global Bioenergy Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Segmentation

“Bioenergy Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type Solid Biomass, Biogas, Renewable Waste, Others
Technology Gasification, Fast Pyrolysis, Fermentation, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Solid biomass accounts for the majority of the bioenergy market share due to the widespread availability of these resources

Solid biomass holds a major share of the market as solid biomass resources are abundant and widely available globally, making them a readily accessible source of renewable energy. Forest residues, agricultural byproducts, and waste materials provide a continuous supply that can be tapped for energy without the need for complex extraction processes typical of fossil fuels. In many regions, especially where biomass resources are locally available, solid biomass provides a cost-effective alternative to fossil fuels and the use of waste materials for energy production can also reduce disposal costs and mitigate environmental impacts associated with landfill use.

 

The demand for biogas within the bioenergy market is growing, driven by several key factors. Countries worldwide are setting ambitious renewable energy targets to reduce greenhouse gas emissions and combat climate change. Biogas, as a renewable source, plays a crucial role in achieving these goals by providing a sustainable alternative to fossil fuels. The production of biogas also offers an effective solution for managing organic waste, reducing landfill use, and lowering methane emissions from waste decomposition.

 

Fermentation technology maintains its dominance in the market due to its growing implementation for producing bioethanol

The bioenergy market growth is supported by the growing usage of the fermentation technology. Fermentation is used in producing bioethanol, a renewable fuel alternative to gasoline. The fermentation process, which converts sugars present in biomass (such as corn, sugarcane, or cellulosic feedstocks) into ethanol and carbon dioxide, is well-established and has been commercially deployed on a large scale, especially in countries like the United States, Brazil, and China. Bioethanol is used either as a pure fuel or blended with gasoline to reduce carbon emissions and enhance octane levels.

 

The gasification technology is also anticipated to witness significant growth. This technology involves the conversion of biomass into a combustible gas mixture (syngas) through a high-temperature process with a controlled amount of oxygen. Its ability to contribute to the production of both heat and power, as well as its potential for creating synthetic fuels and chemicals, makes gasification a significant method in the bioenergy market.

 

Global Bioenergy Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Competitive Landscape

The market players are expanding their production capacities and entering into partnerships to gain a competitive edge in the bioenergy market

 

Company Founded Based In Specialities
Mitsubishi Heavy Industries Ltd 1884 Tokyo, Japan Manufacturing and supply of heavy machinery, shipbuilding, and aerospace components
MVV Energie AG 1873 Mannheim, Germany Energy production and distribution, waste management, and water services
A2A S.p.A. 1898 Brescia, Italy Production and distribution of electricity and gas, waste management, and integrated water cycle management
Hitachi Zosen Corporation 1881 Osaka, Japan Design and construction of environmental systems, industrial plants, and precision machinery

 

Other major players are BTG Biomass Technology Group BV, and Babcock & Wilcox Enterprises, Inc., among others. Market players in the bioenergy sector are engaging in a wide range of activities to drive innovation, expand market share, and address the growing demand for renewable energy.

 

Bioenergy Market Analysis by Region

Due to the region's strict pollution regulations, the market in North America is expected to grow. The United States is expected to lead bioethanol production in North America in the coming years, while Germany is expected to lead biogas production in Europe. As a result, Germany is expected to be a key region in the European bioenergy market.

 

Meanwhile, the Asia Pacific bioenergy market is also driven by the increased demand for electricity as a result of the rising population which has resulted in increased demand for more resourceful and renewable energy solutions and it is expected that this area will continue to expand rapidly in the future, closely followed by the Middle East. The increasing pressure on world leaders to reduce their carbon footprint and the harmful quantity of greenhouse gases is pushing countries all over the world, especially in developing and developed countries, to seriously consider bioenergy as a viable alternative.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Technology
  • Region
Breakup by Type
  • Solid Biomass
  • Biogas
  • Renewable Waste
  • Others
Breakup by Technology
  • Gasification
  • Fast Pyrolysis
  • Fermentation
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mitsubishi Heavy Industries Ltd
  • MVV Energie AG
  • A2A S.p.A.
  • Hitachi Zosen Corporation
  • BTG Biomass Technology Group BV
  • Babcock & Wilcox Enterprises, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bioenergy Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bioenergy Historical Market (2018-2023) 
    8.3    Global Bioenergy Market Forecast (2024-2032)
    8.4    Global Bioenergy Market by Type
        8.4.1    Solid Biomass
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Biogas
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032) 
        8.4.3    Renewable Waste
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Bioenergy Market by Technology
        8.5.1    Gasification
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Fast Pyrolysis
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Fermentation
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others    
    8.6    Global Bioenergy Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Bioenergy Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Bioenergy Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Bioenergy Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Bioenergy Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Bioenergy Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Mitsubishi Heavy Industries Ltd
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    MVV Energie AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    A2A S.p.A.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Hitachi Zosen Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    BTG Biomass Technology Group BV
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Babcock & Wilcox Enterprises, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Bioenergy Market: Key Industry Highlights, 2018 and 2032
2.    Global Bioenergy Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Bioenergy Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Bioenergy Historical Market: Breakup by Technology (USD Million), 2018-2023
5.    Global Bioenergy Market Forecast: Breakup by Technology (USD Million), 2024-2032
6.    Global Bioenergy Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Bioenergy Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Bioenergy Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Bioenergy Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Bioenergy Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Bioenergy Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Bioenergy Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Bioenergy Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Bioenergy Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Bioenergy Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Bioenergy Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Bioenergy Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Bioenergy Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.

The major market drivers include rising energy demand, advances in bioenergy conversion technology, increased bioenergy investment, and decreasing electricity generation costs from bioenergy facilities.

The introduction of various renewable energy programmes by governments, growing concerns regarding climate change, and the advancements in green technology are the key trends aiding the market growth.

The major regions in the bioenergy market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Solid biomass, biogas, and renewable waste, among others, are the significant bioenergy types in the market.

The various technologies considered in the market report are gasification, fast pyrolysis, and fermentation, among others.

The major players in the market are Mitsubishi Heavy Industries Ltd, MVV Energie AG, A2A S.p.A., Hitachi Zosen Corporation, BTG Biomass Technology Group BV, and Babcock & Wilcox Enterprises, Inc., among others.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER