Bioenergy Market Explores New Growth Opportunities By 2024
Currently, large companies, such as E. I. du Pont de Numerous and Company, are focusing on establishing its presence in various regions and on strengthening their vertical integration activities by offering a wide range of products that are used for making advanced biofuels, thereby winning business from other operating players. Additionally, companies are also spending a significant amount of their budget on creating brand awareness, which can be seen in the business strategy of companies such as Amyris Inc’s, notes TMR.
View Report Preview @ https://www.transparencymarketresearch.com/global-bioenergy-market.html
Energy Deficit due to Industrialization Propels Bioenergy Usage
The upsurge in energy demand due to increasing industrialization and urbanization have led to a perplexing energy deficit for several countries. Developing countries are especially feeling the pinch as they remain the on the pivot of balancing economic development and watching their carbon footprint as the world face the monumental crisis of global warming. This dilemma has become the major driving force for the progress of bioenergy market in the recent years, as more and more consumers realize its potential to be a reliable, efficient, and renewable source of energy.
As bioenergy emits lesser greenhouse gas in comparison to burning of conventional fuel resources, it is being taken seriously while planning the energy mixes in several countries. A TMR analyst says, “Bioenergy constitutes 10% of total energy supply in the world and is estimated to be about 80% of the overall renewable energy supply across the globe.” The report also predicts that the range of advantages surrounding the adoption of bioenergy will also propel the overall market.
Request to View Sample of Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10352
Cultivation of Cash Crops Threatens Bioenergy Market
The biggest restraint in the bioenergy market is its production process that will result in the cultivation of cash crops in the agricultural sector, thereby threatening the pricing system of other crops. Use of cash crops to produce biogas and biofuels is anticipated to create yet another issue of food security over a period of time. Therefore, the correlation between rising food prices and the cultivation of cash crops for supplementing bioenergy is likely to hamper the growth of this market.
Against all odds, the bioenergy market still has bright future as several countries are adopting it as an alternative fuel for running vehicles. For instance, biofuels and its variants such as ethanol and biodiesel used as an alternative gas for vehicles are proving to be a lucrative ground for growth.
The research report highlights that the opportunity in the global bioenergy market will be worth US$246.52 bn by 2024 rising from US$158.39 bn in 2015 and expanding at a steady CAGR of 4.9% between 2016 and 2024. The increasing adoption of bioethanol as an environment-friendly alternative to gasoline is expected to boost this segment at a CAGR of 3.40% from 2016 and 2024.
Buy Bioenergy Market Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=10352<ype=S
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bioenergy Market Explores New Growth Opportunities By 2024 here
News-ID: 827360 • Views: 287
More Releases from Transparency Market Research - Energy & Mining
Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion
More Releases for Bioenergy
Bioenergy Market Swot Analysis by Key Players : Sapphire Energy, Abengoa Bioener …
COVID-19 Outbreak-Global Bioenergy Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global Bioenergy Market. Some of the key players profiled in the
Biodiesel Market Key Players Profiles – Enerkem among few, INEOS New Planet Bi …
Market Synopsis of Biodiesel Market Scenario Biodiesel is the only form of renewable fuel that can be utilized across all energy segments namely electricity, heat and transportation which is one of the major contributing factors in the growth of the Biodiesel market. Increasing awareness regarding depleting non renewable energy sources and the need to integrate renewable energy sources has also contributed significantly to the increasing demand in the Biodiesel Market. Hence the
Global Bioenergy Market For Cooking, Off-grid Electricity Supply, Transportation
Latest industry research report on: Global Bioenergy Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This research study analyzes the market for bioenergy both in terms of volume (Billion Gallons) and revenue (US$ Bn). The bioenergy market has been segmented on the basis of product type, application type, and geography. In terms of region, the market has been divided into four segments that comprise 15
Global Bioenergy Market Research Report 2016
The competition in the bioenergy market is being driven by the domination of big players who are adopting innovative strategies to increase their geographical research, finds a new report by Transparency Market Research. Currently, large companies, such as E. I. du Pont de Numerous and Company, are focusing on establishing its presence in various regions and on strengthening their vertical integration activities by offering a wide range of products that are
Research Report Bioenergy Market Trends 2016 - 2024
This research study analyzes the market for bioenergy both in terms of volume (Billion Gallons) and revenue (US$ Bn). The bioenergy market has been segmented on the basis of product type, application type, and geography. In terms of region, the market has been divided into four segments that comprise 15 countries, which are the major players in the global bioenergy market. For the research, 2014 has been taken as the
Bioenergy conference comes to Scotland
Edinburgh has been chosen as the host city for this year’s Bioenergy Insight Conference & Expo 4-5 October. According to the European Union’s 2020 objectives, bioenergy is expected to contribute half of the EU’s 20% renewable energy target. EU countries have already agreed on a new renewable energy target of at least 27% of final energy consumption in the EU as a whole by 2030. Bioenergy is expected to form a crucial part of these