Market Size of Bioliquid Heat and Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bioliquid Heat & Power Generation Market Analysis
The bioliquid heat and power generation market is expected to grow with a CAGR of around 7.1% during the forecast period. The COVID-19 pandemic outbreak had a significant impact on the market which got reflected in delays in project executions or suspensions. For example, the construction of the Tees Renewable Energy Plant, a 299 megawatt (MW) bio-gas power plant in the United Kingdom got suspended due to the pandemic. The global bioliquid heat and power generation (cogeneration) market is largely driven by the features like cost-effective and efficient methods of power generation, and low carbon power generation technology. However, the market growth is hindered by high initial costs and competition from alternative technologies.
- The bioethanol segment is expected to grow at the fastest rate during the forecast period due to the high availability of fuel in many countries.
- The government policies to promote renewables-based power generation technologies in almost all the countries create ample opportunities for the market growth. Furthermore, biomass meets about 10% of the total global energy demand thus making it the most potential candidate amongst the renewables.
- Europe is likely to dominate the market during the forecast period due to increasing share of bioenergy in the energy generation mix.
Bioliquid Heat & Power Generation Industry Segmentation
The bioliquid heat and power generation market report includes:
| Fuel Type | |
| Bio-ethanol | |
| Biodiesel | |
| Others |
| Technoligy | |
| Engine | |
| Turbine | |
| Others |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South-America | |
| Middle-East and Africa |
Bioliquid Heat and Power Generation Market Size Summary
The bioliquid heat and power generation market is poised for significant growth, driven by the increasing demand for cost-effective and efficient power generation methods that utilize low carbon technologies. Despite challenges such as high initial costs and competition from alternative energy sources, the market is expected to expand steadily. The bioethanol segment, in particular, is anticipated to experience rapid growth due to its widespread availability and substantial reduction in greenhouse gas emissions compared to fossil fuels. Government policies worldwide that promote renewable energy technologies are creating favorable conditions for market expansion, with biomass playing a crucial role in meeting global energy demands.
Europe is expected to lead the market, benefiting from its advanced expertise in biofuels-based energy generation and abundant biomass resources. The region's commitment to increasing the share of renewables in its energy mix, supported by initiatives like the European Green Deal and Horizon Europe, is likely to drive demand for bioliquid heat and power generation. The market's growth is further bolstered by developments such as the establishment of large-scale bioenergy plants and the expansion of ethanol production facilities. Key industry players, including Albioma SA and Archer-Daniels-Midland Co, are actively contributing to the market's development, supported by favorable government policies like tax credits for biodiesel and renewable diesel production in the United States.
Bioliquid Heat and Power Generation Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Bio-ethanol
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2.1.2 Biodiesel
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2.1.3 Others
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2.2 Technoligy
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2.2.1 Engine
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2.2.2 Turbine
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2.2.3 Others
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 South-America
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2.3.5 Middle-East and Africa
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Bioliquid Heat and Power Generation Market Size FAQs
What is the current Bioliquid Heat and Power Generation Market size?
The Bioliquid Heat and Power Generation Market is projected to register a CAGR of greater than 7.10% during the forecast period (2024-2029)
Who are the key players in Bioliquid Heat and Power Generation Market?
Albioma SA, Archer-Daniels-Midland Co, Ameresco Inc., EnviTec Biogas AG and Enviva Inc. are the major companies operating in the Bioliquid Heat and Power Generation Market.
