The global bioenergy market size reached 144.4 GW in 2022. Looking forward, IMARC Group expects the market to reach 228.1 GW by 2028, exhibiting a growth rate (CAGR) of 7.75% during 2023-2028. More Info:- https://www.imarcgroup.com/bioenergy-market

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Global Bioenergy Market
Research and Forecast
Report 2023-2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Bioenergy Market Research Report:
The latest report by IMARC, titled “Bioenergy Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028” " the global bioenergy market reached a volume of 144.4 GW in
2022.
Bioenergy is a type of renewable energy that is produced by the burning of biomass fuel. It includes
the burning of organic substances, including organic waste, harvest residues and crops. It is widely used
to meet the demand for energy in order to generate electricity, transportation and heat. Additionally,
its production contributes to a sustainable, secure and economically sound future by supplying clean
energy sources and revitalizing rural economies.
As a result, it is gaining widespread prominence across the globe due to its benefits of minimizing
carbon footprint, enhancing air quality, offering better energy reliability and helping reduce landfills
while improving biodegradability.
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4. Report Description
Report Description and Highlights
Global Bioenergy Market Trends:
The global market is primarily driven by an enhanced focus on sustainable development. Along with this, numerous
initiatives undertaken by the governments of several countries to promote the uptake of clean resources are creating
a positive market outlook. In line with this, the growing investments by public and private agencies in the
development of renewable energy generation projects are providing a boost to the market. Moreover, the escalating
usage of biofuels in vehicles is, in turn, catalyzing the growth of the market. The market is further driven by the
increasing partnership and acquisition activities between leading players in an attempt to strengthen their market
position. Furthermore, continual technological advancements, such as the integration of machine learning (ML) and
artificial intelligence (AI) with connected devices for balancing electricity supply and optimizing energy usage, are
impacting the market growth favorably.
Other factors, including rapid urbanization and industrialization, the growing initiatives towards smart city
development, and extensive research and development (R&D) activities conducted by key players, are also positively
influencing the market. On account of the aforementioned factors, the market is anticipated to reach a volume of
228.1 GW by 2028, exhibiting a CAGR of 7.75% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Product Type:
• Solid Biomass
• Liquid Biofuel
• Biogas
• Others
Breakup by Feedstock:
• Agricultural Waste
• Wood Waste
• Solid Waste
• Others
Breakup by Application:
• Power Generation
• Heat Generation
• Transportation
• Others

6. Report Description
Report Description and Highlights
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia

7. Report Description
Report Description and Highlights
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

8. Competitive Landscape with Key Players:
• Archer-Daniels-Midland Company
• Babcock & Wilcox Enterprises Inc.
• Bunge limited
• EnviTec Biogas AG
• Fortum Oyj
• Hitachi Zosen Corporation
• Mitsubishi Heavy Industries Ltd.
• MVV Energie AG
• Ørsted A/S
• Pacific BioEnergy
• POET LLC.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/bioenergy-market
Report Description
Report Description and Highlights

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
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