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.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Bioenergy Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2023-2028," the global bioenergy market size reached 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
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.
Looking forward, the market is anticipated to reach a volume of 228.1 GW by 2028, exhibiting a CAGR of
7.75% during 2023-2028.
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5. Report
Segmentation
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
7. 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
8. Key Questions
Answered in
the Report
What was the size of the global bioenergy market in 2022?
What is the expected growth rate of the global bioenergy market
during 2023-2028?
What are the key factors driving the global bioenergy market?
What has been the impact of COVID-19 on the global bioenergy
market?
What is the breakup of the global bioenergy market based on the
product type?
What is the breakup of the global bioenergy market based on the
feedstock?
What is the breakup of the global bioenergy market based on the
application?
What are the key regions in the global bioenergy market?
Who are the key players/companies in the global bioenergy
market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bioenergy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Solid Biomass
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Liquid Biof uel
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Biogas
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 Others
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
7 Market Breakup by Feedstock
7.1 Agricultural W aste
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 W ood W aste
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Solid W aste
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Mark et Forecast
8 Market Breakup by Application
8.1 Power Generation
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Heat Generation
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Transportation
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Others
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
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