Bioenergy Market Overview
Feedstock for the production of fuels and alternatives to petrochemical and other energy-intensive industries, bioenergy is defined as the substance created through photosynthesis. Sustainable energy, as defined by the United Nations, is described as energy that satisfies current requirements without jeopardizing the capacity of future generations to satiate their own needs. Biomass residue, which is produced as a byproduct of food or wood products, and primary bioenergy, which uses cropland or forests to produce biomass, are the two origins of the bioenergy. The International Energy Agency predicts that bioenergy will be 25% to 33% of the world's primary energy source in 2050. By using sustainable forest management, landscape planning, waste & organic residues, lowering losses in the food supply chain, and rehabilitating degraded or marginal areas, sustainability in bioenergy can be achieved. It is anticipated that encouraging multiple land uses will produce enough food and animal feed as well as biomass for energy. The global Bioenergy Market size accounted for US$ 104.56 billion in 2020 and is estimated to be US$ 215.02 billion by 2030 and is anticipated to register a CAGR of 7.50%.
Bioenergy Market Dynamics
Key factors and significant industry trends, such as increasing investment in bioenergy sectors, are propelling the growth and development of the global bioenergy market. Government agencies and private businesses are collaborating to grow the bioenergy industry. Additionally, the use of bioenergy reduces nation's reliance on crude oil trade, which is advantageous for nations with scant or no reserves. Governments in both developed and developing countries are encouraging landowners and producers to generate biomass feedstock since bioenergy and biofuel are derived from locally accessible feedstock, leading to a rapid development in bioenergy production on a large scale. Therefore, during the course of the projected period, each of these elements will support the expansion of the worldwide bioenergy market.
The rise in demand for energy produced utilising bio-based fuels from transportation applications and heat & power generation is what is driving the growth of the worldwide bioenergy market. Additionally, from 2021 to 2030, the market is expected to rise due to the implementation of strict government laws about environmental pollution from fossil fuels that produce carbon. Instead, it is projected that the quick switch from coal and other traditional energy sources to renewable energy sources and the rise in the usage of biofuels in automobiles would offer attractive development prospects for key players to maintain their position in the market in the future years.
Bioenergy Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global Bioenergy Market is segmented based on feedstock, product type, application and region.
Feedstock Insights:
On the basis of Feedstock, the global Bioenergy Market is segmented into Solid Waste, Wood Waste, Agricultural Waste and Others. Due to increased production of solid waste from the residential, commercial, and industrial sectors, which may be used more and more in the production of bioenergy, the solid waste segment led the global market in terms of share in 2020. Additionally, it is anticipated that during the examined time range, demand for sustainable electricity, transportation fuels, heat generation, and other uses will expand.
Product Type Insights:
On the basis of Product Type, the target market is segmented into Biogas, Liquid Biofuel, Solid Biomass and Others. In 2020, the liquid biofuel industry held the biggest market share in the bioenergy industry. The increase in demand for liquid biofuels from transportation uses such passenger cars, trucks, ships, and aeroplanes are the major driving factor for the bioenergy market. In the upcoming years, it is also projected that increased demand for liquid biofuels from power generating applications in building & construction, residential, and other commercial applications will propel market expansion.
Application Insights:
Based on Application, the target market is segmented into Transportation, Heat Generation, Power Generation and Others. In 2020, the transportation sector held the largest market share. This is due to strict government laws about carbon emissions from traditional fuel sources used in transportation applications, including diesel, kerosene, gasoline, and others. During forecast period, the global market is anticipated to increase significantly due to the expansion of the transportation industry worldwide.
Regional Insights:
The global Bioenergy Market size accounted for US$ 104.56 billion in 2020 and is estimated to be US$ 215.02 billion by 2030 and is anticipated to register a CAGR of 7.50%.On region the global Bioenergy Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2021, the bioenergy market was dominated by North America. In the region of North America, the U.S. dominated the bioenergy market. The expansion of the energy industry, rising investments in energy and infrastructure projects, and increasing efforts by major market players to drive the growth of the bioenergy market in the North American area are all contributing factors. On the other hand, Asia-Pacific is anticipated to experience the quickest growth during the projection period. Many of the nations and states in the Asia-Pacific area lack the necessary resources to generate power. The Asia-Pacific region's need for bioenergy is driven by the need for electricity in such areas. Additionally, the government's increased investment in R&D is assisting in the expansion and development of the global bioenergy sector.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Feedstock - Solid Waste, Wood Waste, Agricultural Waste and Others By Product type – Biogas, Liquid Biofuel, Solid Biomass and Others By Application– Transportation, Heat Generation, Power Generation and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Development:
- In 2021, EnviTec Biogas AG started operating its biogas facility in China. The Shanxi province's 1,570 Nm3 biogas factory would require inputs including maize stover silage, dairy cattle dung, and turkey litter.
- In July 2021, Liquind 24/7 GmbH and EnviTec Biogas AG reached an agreement for Liquind 24/7 GmbH's truck fuelling stations in Europe to supply and market bio-LNG produced by EnviTec Biogas AG in Gustrow for heavy duty clients.
Global Bioenergy Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Bioenergy Market Key Players
The leading players operating in the Global Bioenergy Market includes
Mitsubishi Heavy Industries Ltd is a worldwide engineering, electronics, and electrical equipment company with its headquarters in Tokyo, Japan.
Hitachi Zosen Corp. is a significant engineering and industrial corporation in Japan. It makes waste treatment facilities, industrial facilities, industrial machinery, tunnel boring equipment, steel mill process equipment, steel structures, construction equipment, and power plants.
BTG Biomass Technology Group is a small commercial business that specialises in the generation of renewable energy.
Babcock & Wilcox Volund AS introduces solar, carbon reduction, and hydrogen to its arsenal of power-generating technologies.
Biomass Engineering Ltd is a pioneer in the development, manufacture, and installation of biomass renewable energy systems on a global scale.
Orsted AS is a Danish international power corporation situated in Fredericia, Denmark.
Ameresco Inc. is a privately held firm that specialises in renewable energy and energy efficiency.
Green Plains Inc. as a major provider of agri-tech, we are dedicated to developing our platform so that it can transform yearly renewable crops into more sustainable, high-value ingredients.
Bioenergy Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Bioenergy Market
- Key Questions this Study will Answer
- Market Snippet, By Feedstock
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Bioenergy Market, By Feedstock, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Solid Waste
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Wood Waste
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Agricultural Waste
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Bioenergy Market, By Product Type, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Liquid Biofuel
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Solid Biomass
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Biogas
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Bioenergy Market, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Transportation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Heat Generation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Power Generation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Bioenergy Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Feedstock, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Feedstock, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Feedstock, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Feedstock, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Feedstock, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Mitsubishi Heavy Industries Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hitachi Zosen Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BTG Biomass Technology Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Babcock & Wilcox Volund AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Biomass Engineering Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Orsted AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ameresco Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Green Plains Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
The Bioenergy Market is segmented based on feedstock, product type, application and region.
Key factors and significant industry trends, such as increasing investment in bioenergy sectors, are propelling the growth and development of the global bioenergy market.
In 2021, the bioenergy market was dominated by North America. The expansion of the energy industry, rising investments in energy and infrastructure projects, and increasing efforts by major market players to drive the growth of the bioenergy market in the North American area are all contributing factors.
The key players operating in the Bioenergy Market includes Mitsubishi Heavy Industries Ltd, Hitachi Zosen Corp., BTG Biomass Technology Group, Babcock & Wilcox Volund AS, Biomass Engineering Ltd, and Orsted AS.