The Bioenergy Global Market Report 2023, provides comprehensive information on the bioenergy market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Bioenergy Global Market Report 2023, the global bioenergy market size is expected to grow from $248.91 billion in 2022 to $273.26 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bioenergy market size is expected to reach $380.43 billion in 2027 at a CAGR of 8.6%.
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Advancements in bioenergy conversion technologies are a key trend gaining popularity in the bioenergy market. Major companies in the bioenergy market are advancing their new technologies, research, and developments in bioenergy to sustain their position in the market. For instance, in February 2020, Enexor BioEnergy, a US-based bioenergy company, launched its Bio-CHP technology, the Bio-200, a scalable, modular system. This system converts organic waste into on-site, clean, and affordable energy and produces 24/7 continuous renewable power.
The bioenergy market is segmented:
1) By Type: Biomass and Renewable Municipal Waste, Biogas, Liquid Biofuels
2) By Technology: Gasification, Fast Pyrolysis, Fermentation, Other Technologies
3) By Application: Power Generation, Heat Generation, Transportation, Other Applications
North America was the largest region in the bioenergy market in 2022.
The table of contents in TBRC’s bioenergy market report includes:
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