Global Bioliquid Heat and Power Generation Market size was valued at US$ XX Bn. in 2019 and is expected to grow at a CAGR of 7% over 2020-2026, to account for US$ 3.01 Bn. in 2026.
To know about the Research Methodology :- Request Free Sample Report
Global Bioliquid Heat and Power Generation Market Overview:
The bioliquid is made from waste like used vegetables, vegetable oil, and others. The bioliquid is formed from biomass for the application of power & heat generation. It provides various benefits for the energy and power industry, for instance, reduction in greenhouse gas emissions, high energy density, reduces dependency on diesel fuels & gasoline, and produces essential electricity demand.
The global bioliquid heat and power generation market size is expected to reach US$ 3.01 Bn. by 2026, thanks to the availability of advanced technology to convert feedstock to liquid biofuels. The need to reduce CO2 emissions and easy feedstock availability are some of the major factors driving the global bioliquid heat & power generation market. Moreover, Technological advancements and the increasing need to use sustainable development measures are some factors, expected to create lucrative opportunities for the bioliquid heat and power generation market growth during 2020-2026.
However, the lack of uniform regulatory structures and regulatory restrictions, mainly on vegetable oils for bioliquid conversion are factors that are expected to hinder the bioliquid heat and power generation market growth during the forecast period.
Energy Demand:
In 2019, global energy demand increased by 0.9%, i.e. 120 million tons of oil equivalent (Mtoe), ~40% the rate of growth observed in 2018.
Worldwide GDP growth fell from 3.6% in 2018 to 2.9% in 2019, limiting energy demand growth. The economic slowdown was felt across nearly all countries. In advanced economies, average economic growth dropped approximately 25% between 2018 & 2019. The economic slowdown limited energy demand growth mostly in India, where economic growth dropped from ~6.8% in 2018 to ~4.8% in 2019. In China, economic growth fell from nearly 6.6% in 2018 to 6.1% in 2019.
Geographically, in 2019 China accounted for an incredible 90% of net worldwide energy demand growth, with a growth of 3.4%, as energy demand dropped in almost all advanced economies. Energy demand fell most in the EU, by 2%, and in the U.S., by 0.8%.
Global Bioliquid Heat and Power Generation Market Segmentation:
The MMR report covers all segments in the Bioliquid Heat and Power Generation market such as type and application.
Global Bioliquid Heat and Power Generation Market, by Type
• Bioethanol
• Biodiesel
Based on type, the bioethanol segment dominated the market, with a market size of US$ XX Bn. in 2019 owing to its various benefits over biodiesel. Such bioethanol comprises 35% oxygen and additional oxygen to fuel results incomplete fuel combustion, so reducing harmful tailpipe emissions. Additionally, ethanol also displaces the use of toxic gasoline component like benzene. In the U.S., approximately all the gasoline is now sold, comprises 10% ethanol by volume.
Fuel Ethanol Production in Europe (million liters):
Global Bioliquid Heat and Power Generation Market, by Application
• Heat Production
• Electricity Generation
Among these applications, the heat production segment is expected to grow at the largest CAGR of nearly 8.02% during the forecast period. This growth is attributed to stringent regulatory
frameworks being followed in major regions such as North America and the
EU. Major players in Europe, such as Olleco, Neste, and MBP Group are involved in the collection of biomass and conversion to energy.
Global Bioliquid Heat and Power Generation Market Regional Analysis
• North America
• Europe
• Asia-Pacific
• Middle East& Africa
• South America
In 2020, North America held the largest XX% market share thanks to a growing focus on the renewable energy industry, of which bioliquid is a part. Countries such as the UK, Germany, and France are the key markets for European bioliquid heat and power generation. The stringent regulatory framework regarding bioliquids in the region is projected to fuel the market in Europe.
APAC is expected to grow at the highest CAGR of XX.23% to reach US$ XX Bn. by 2026. The strong production growth is projected to be witnessed in economies such as India, China, and Thailand, among other emerging countries. China is expected to lead the APAC market, generating revenue worth US$ XX Bn. by 2026.
Competitive Landscape
Key players operating in the Global Bioliquid Heat and Power Generation Market are
• Olleco
• BTG Bioliquids B.V.
• Kraton
• REG
• Neste
• Argent Energy
• REG Power Management
• MBP Group
• Biox
• Bunge
• BP
• Ensyn Fuels
• Betarenewables
• Munzer Bioindustrie
• Argent Energy
• Encontech
• Mergers & acquisitions
• MBP Solutions Ltd
• XBM LTD
• Cargill Inc
In recent years, major players in the bioliquid heat and power generation market have taken several strategic measures, such as M&A, joint venture, facility expansions and partnerships. For example, In Feb 2019, Bunge Ltd and BP plc announced that they have completed the development of BP Bunge Bioenergia, the Brazilian bioenergy joint venture (JV) that combines their bioenergy and sugarcane ethanol businesses in Brazil. BP Bunge Bioenergia is now the second-largest operative by effective crushing capacity in the Brazilian market for bioethanol.
The objective of the report is to present a comprehensive analysis of the Global Bioliquid Heat and Power Generation Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Bioliquid Heat and Power Generation Market dynamics, structure by analyzing the market segments and project the Global Bioliquid Heat and Power Generation Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bioliquid Heat and Power Generation Market make the report investor’s guide.
For More Information Visit: https://www.maximizemarketresearch.com/market-report/bioliquid-heat-power-generation-market/816/
Scope of the Global Bioliquid Heat and Power Generation Market: Inquire before buying
Global Bioliquid Heat and Power Generation Market Details
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
