Bio-energy Market Size 2021-2031 | Drivers
The Bio-energy Market is expected to register a CAGR of 6.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Bio-energy Market covers segmental analysis By Offering (Solution, Service) and End-user (Government, Commercial, Others). The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in US$ for the above analysis and segments.
Purpose of the ReportThe report Bio-energy Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Bio-energy Market Segmentation
Offering- Solution
- Service
- Government
- Commercial
- Others
Strategic Insights
Bio-energy Market Growth Drivers- Rising Demand for Bio-Energy: The desire of the world to shift towards renewable sources of energy makes bio-energy one big market. As carbon emission reductions continue to become more stringent, then bio-energy is now being fasted as an inevitable substitute to fossil fuel. The International Energy Agency report gives an estimate of bioenergy surpassing 30% of renewable energy supply by 2050. In that case, the market size of bio-energy would increase significantly, thus opening up the bio-energy market for business people to expand their share of the market.
- Advancements in Biomass Conversion: Technological enhancement related to better conversion processes of biomass and innovative architectures for biofuels has, most importantly, led to the growth of the market for bio-energy. These technologies add value to energy efficiency and decrease production costs; thus, the bio-energy market will be more competitive than other energy sources in the market.
- Renewable Energy: as per the recently published market reports related to the bio-energy market, it was stated that global bioenergy production increased by 7% in 2023. Subsidies, tax credits, and renewable portfolio standards are bolstering investments in bioenergy capacity. According to a bio-energy market research report, the global bio-energy market recorded growth of more than 5% in 2022, mainly due to favorable policies. As long as the governments continue to focus on renewable energy, the growing possibility for all regions, developed and developing, will open up growth opportunities for the bio-energy market.
- Government Support Drives Growth: The increased use of biomass for power generation is a key trend in the Bio-energy Market. Biomass constitutes about 10% of global energy. Biomass utilization gains will be profoundly fueled by governments driving the adoption of renewable sources of energy and reducing carbon emissions. A new scope for players means investment in advanced technologies for efficient biomass conversion-bioenergy-catalysts in market dynamics and long-term sustainability.
- Increased Biomass Use for Power: The main driver for the Bio-energy Market is biofuels, with global biofuel demand expected to grow. Transport sector decarbonization policies and blending mandates are what drives this process. Businesses in Bio-energy work on the diversification of advanced cellulosic ethanol: A dynamic change in the market. This Bio-energy Market forecast will present a promising future because companies improve their technologies for alternatives in fuels.
- Waste-to-Energy Technologies Expand: Waste-to-energy technologies are increasingly finding their place in the Bio-energy Market, thus contributing to global management of waste and clean energy. Bio-energy Market players have interests in this sector to create synergy between waste reduction and renewable energy, propelling the Bio-energy Market dynamics and widening the scope of waste-to-energy in cities across the world.
- Circular Economy Supports Sustainability: There is a possibility that bio-energy market players may leverage circular economy initiatives to identify themselves with waste-to-energy conversions. This will help the businesses cut their carbon footprints and also assist them in meeting the sustainability requirements of the global setup. Strategies for the bio-energy market include recycling organic wastes, which contribute to reducing greenhouse gas emissions.
- Efficient Biomass Conversion Reduces Costs: Bio-energy market players can utilize the efficient conversion technologies in biomass that are more effective and costless. The innovations reduce the operation cost while increasing the production of energy. Growth acceleration in the global bio-energy market is therefore likely to go beyond 2030, with biomass accounting for 58% of renewable energy. Gains from early technology investments in the bio-energy market will be exceptionally high as understood from the insights of this market.
- Asia-Pacific and Latin America Growth: The Asia-Pacific and Latin America regions also expanded very rapidly their bio-energy markets. The regions create opportunities for companies to tap into the renewable energy demands as an effect of government incentives and increasing energy needs. Today, the most emphasis for bio-energy market strategies falls on local production. International Energy Agency is predicting global bioenergy capacity at 165 GW by 2025, with most growth arriving from emerging markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bio-energy Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Bio-energy Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are: BIO ENERGY SOLUTION, Aries Clean Energy LLC, Biomass Energy Solutions, BTG Biomass Technology Group, Fulcrum BioEnergy Inc, Hairu Group, HS Energy and Technical Services Ltd, MSA Bio Energy Pvt Ltd, Siemens Energy
Key future trends in this market are - Sustainable energy adoption, Growth of biofuels, Waste-to-energy technologies
The Bio-energy Market is expected to register a CAGR of 6.5% from 2023-2031.
The major factors impacting the Bio-energy Market are: Rising Demand for Renewable Energy, Advancements in Bioenergy Technology, and Government Policies and Incentives
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Bio-energy Market - By Offering
1.3.2Bio-energy Market - By End-user
1.3.3Bio-energy Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BIO-ENERGY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.BIO-ENERGY MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BIO-ENERGY MARKET - GLOBAL MARKET ANALYSIS
6.1.BIO-ENERGY - GLOBAL MARKET OVERVIEW
6.2.BIO-ENERGY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BIO-ENERGY MARKET - REVENUE AND FORECASTS TO 2028 " OFFERING
7.1.OVERVIEW
7.2.OFFERING MARKET FORECASTS AND ANALYSIS
7.3.SOLUTION
7.3.1.Overview
7.3.2.Solution Market Forecast and Analysis
7.3.3.Equipment Market
7.3.3.1.Overview
7.3.3.2.Equipment Market Forecast and Analysis
7.3.4. Engineering Market
7.3.4.1.Overview
7.3.4.2. Engineering Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1.Overview
7.3.5.2. Others Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
7.4.3.Consulting Market
7.4.3.1.Overview
7.4.3.2.Consulting Market Forecast and Analysis
7.4.4. Maintenance Market
7.4.4.1.Overview
7.4.4.2. Maintenance Market Forecast and Analysis
7.4.5. Others Market
7.4.5.1.Overview
7.4.5.2. Others Market Forecast and Analysis
8.BIO-ENERGY MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.GOVERNMENT
8.3.1.Overview
8.3.2.Government Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.BIO-ENERGY MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Bio-energy Market Overview
9.1.2North America Bio-energy Market Forecasts and Analysis
9.1.3North America Bio-energy Market Forecasts and Analysis - By Offering
9.1.4North America Bio-energy Market Forecasts and Analysis - By End-user
9.1.5North America Bio-energy Market Forecasts and Analysis - By Countries
9.1.5.1United States Bio-energy Market
9.1.5.1.1United States Bio-energy Market by Offering
9.1.5.1.2United States Bio-energy Market by End-user
9.1.5.2Canada Bio-energy Market
9.1.5.2.1Canada Bio-energy Market by Offering
9.1.5.2.2Canada Bio-energy Market by End-user
9.1.5.3Mexico Bio-energy Market
9.1.5.3.1Mexico Bio-energy Market by Offering
9.1.5.3.2Mexico Bio-energy Market by End-user
9.2.EUROPE
9.2.1Europe Bio-energy Market Overview
9.2.2Europe Bio-energy Market Forecasts and Analysis
9.2.3Europe Bio-energy Market Forecasts and Analysis - By Offering
9.2.4Europe Bio-energy Market Forecasts and Analysis - By End-user
9.2.5Europe Bio-energy Market Forecasts and Analysis - By Countries
9.2.5.1Germany Bio-energy Market
9.2.5.1.1Germany Bio-energy Market by Offering
9.2.5.1.2Germany Bio-energy Market by End-user
9.2.5.2France Bio-energy Market
9.2.5.2.1France Bio-energy Market by Offering
9.2.5.2.2France Bio-energy Market by End-user
9.2.5.3Italy Bio-energy Market
9.2.5.3.1Italy Bio-energy Market by Offering
9.2.5.3.2Italy Bio-energy Market by End-user
9.2.5.4United Kingdom Bio-energy Market
9.2.5.4.1United Kingdom Bio-energy Market by Offering
9.2.5.4.2United Kingdom Bio-energy Market by End-user
9.2.5.5Russia Bio-energy Market
9.2.5.5.1Russia Bio-energy Market by Offering
9.2.5.5.2Russia Bio-energy Market by End-user
9.2.5.6Rest of Europe Bio-energy Market
9.2.5.6.1Rest of Europe Bio-energy Market by Offering
9.2.5.6.2Rest of Europe Bio-energy Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Bio-energy Market Overview
9.3.2Asia-Pacific Bio-energy Market Forecasts and Analysis
9.3.3Asia-Pacific Bio-energy Market Forecasts and Analysis - By Offering
9.3.4Asia-Pacific Bio-energy Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Bio-energy Market Forecasts and Analysis - By Countries
9.3.5.1Australia Bio-energy Market
9.3.5.1.1Australia Bio-energy Market by Offering
9.3.5.1.2Australia Bio-energy Market by End-user
9.3.5.2China Bio-energy Market
9.3.5.2.1China Bio-energy Market by Offering
9.3.5.2.2China Bio-energy Market by End-user
9.3.5.3India Bio-energy Market
9.3.5.3.1India Bio-energy Market by Offering
9.3.5.3.2India Bio-energy Market by End-user
9.3.5.4Japan Bio-energy Market
9.3.5.4.1Japan Bio-energy Market by Offering
9.3.5.4.2Japan Bio-energy Market by End-user
9.3.5.5South Korea Bio-energy Market
9.3.5.5.1South Korea Bio-energy Market by Offering
9.3.5.5.2South Korea Bio-energy Market by End-user
9.3.5.6Rest of Asia-Pacific Bio-energy Market
9.3.5.6.1Rest of Asia-Pacific Bio-energy Market by Offering
9.3.5.6.2Rest of Asia-Pacific Bio-energy Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Bio-energy Market Overview
9.4.2Middle East and Africa Bio-energy Market Forecasts and Analysis
9.4.3Middle East and Africa Bio-energy Market Forecasts and Analysis - By Offering
9.4.4Middle East and Africa Bio-energy Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Bio-energy Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Bio-energy Market
9.4.5.1.1South Africa Bio-energy Market by Offering
9.4.5.1.2South Africa Bio-energy Market by End-user
9.4.5.2Saudi Arabia Bio-energy Market
9.4.5.2.1Saudi Arabia Bio-energy Market by Offering
9.4.5.2.2Saudi Arabia Bio-energy Market by End-user
9.4.5.3U.A.E Bio-energy Market
9.4.5.3.1U.A.E Bio-energy Market by Offering
9.4.5.3.2U.A.E Bio-energy Market by End-user
9.4.5.4Rest of Middle East and Africa Bio-energy Market
9.4.5.4.1Rest of Middle East and Africa Bio-energy Market by Offering
9.4.5.4.2Rest of Middle East and Africa Bio-energy Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Bio-energy Market Overview
9.5.2South and Central America Bio-energy Market Forecasts and Analysis
9.5.3South and Central America Bio-energy Market Forecasts and Analysis - By Offering
9.5.4South and Central America Bio-energy Market Forecasts and Analysis - By End-user
9.5.5South and Central America Bio-energy Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Bio-energy Market
9.5.5.1.1Brazil Bio-energy Market by Offering
9.5.5.1.2Brazil Bio-energy Market by End-user
9.5.5.2Argentina Bio-energy Market
9.5.5.2.1Argentina Bio-energy Market by Offering
9.5.5.2.2Argentina Bio-energy Market by End-user
9.5.5.3Rest of South and Central America Bio-energy Market
9.5.5.3.1Rest of South and Central America Bio-energy Market by Offering
9.5.5.3.2Rest of South and Central America Bio-energy Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BIO-ENERGY MARKET, KEY COMPANY PROFILES
11.1.BIO ENERGY SOLUTION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ARIES CLEAN ENERGY LLC
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BIOMASS ENERGY SOLUTIONS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.BTG BIOMASS TECHNOLOGY GROUP
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.FULCRUM BIOENERGY, INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.HAIRU GROUP
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.HS ENERGY AND TECHNICAL SERVICES LTD
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MSA BIO-ENERGY PVT. LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SIEMENS ENERGY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.SYNTECH BIOENERGY, LLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.BIO ENERGY SOLUTION
2.Aries Clean Energy LLC
3.Biomass Energy Solutions
4.BTG Biomass Technology Group
5.Fulcrum BioEnergy, Inc.
6.Hairu Group
7.HS Energy and Technical Services Ltd
8.MSA Bio-Energy Pvt. Ltd.
9.Siemens Energy
10.SynTech Bioenergy, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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