About Bioenergy
Bioenergy is renewable energy which is created from natural and biological sources such as plants, animals, and their by-products. Bioenergy has the potential to decrease the carbon footprint and improve environmental conditions. This bioenergy uses some amount of carbon dioxide as a traditional fossil fuel, but that impact is minimized by replacing the plants. Plants obtain their source from the sun through photosynthesis hence providing better bioenergy. Modern technology even makes landfills or waste zones potential bioenergy resources. It can be used to be a sustainable power source, providing heat, gas, and fuel.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Bioenergy market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Bioenergy market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Bioenergy market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Diester Industries (France), Neste Oil Rotterdam (Netherlands), ADM (United States), Infinita Renovables (Spain), Biopetrol ltd (Israel), Cargill (United States), Ital Green Oil (Italy), Glencore (Switzerland) and Louis Dreyfus are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Renewable Energy Group (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Bioenergy market by Type (Bioethanol and Biodiesel ), Application (Industrial Fuels , Transportation Fuels and Chemical Industry) and Region.
On the basis of geography, the market of Bioenergy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technique Type, the sub-segment i.e. Thermo-chemical (Combustion will boost the Bioenergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Advancement in Enzyme Technologies to Produce Bioenergy and Adoption in an Increase of Biomass Trade Across Various Countries
Market Growth Drivers:
Increasing Concerns About the Environment and Energy Security Globally and Increase in Awareness on Climate Change and Greenhouse Gas Emission
Challenges:
Instability in the Global Crude Oil Prices and Health and Safety Issues Related to Transporting and Storing Solid Biomass for Producing Bioenergy
Restraints:
Increasing Competition With Other Competitors and Increase in Acceptance of Electric Vehicle and Ban on Internal Combustion Engines
Opportunities:
Increase in Number of Fuel Vehicles and Fuel Stations and Growth of Bioenergy Trade Towards the Emerging Countries
In 2014, the European Commission has issued non-binding recommendations on sustainability criteria for biomass. These recommendations are meant to apply to energy installations of at least 1MW thermal heat or electrical power. They forbid the use of biomass from land converted from the forest, and other high carbon stock areas, as well as highly biodiverse areas and ensure that biofuels emit at least 35% fewer greenhouse gases over their lifecycle (cultivation, processing, transport, etc.) when compared to fossil fuels. For new installations, this amount rises to 50% in 2017 and 60% in 2018, favor national biofuels support schemes for highly efficient installations and encourage the monitoring of the origin of all biomass consumed in the EU to ensure their sustainability
Key Target Audience
Bioenergy Manufacturers, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.