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Global Bioenergy Market was valued at US$168.18 bn in 2016, will reach to US$246.52 billion by 2024 at a CAGR of 4.92% from 2016 to 2024
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Transparency Market Research Bioenergy Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024 Published Date 2016-04-13 139 Page Report Request Sample Buy Now Press Release Growing Energy Deficit Will Encourage Economies to Invest in Bioenergy Plants, says TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Bioenergy Market REPORT DESCRIPTION Widening Energy Gap Pushes Countries to Use Bioenergy The growing demand for energy to keep up with the industrial spurt and the rampant urbanization has created a huge shortfall, coaxing several countries to resort to alternative energy options. The increasing pressure on the world leaders to reduce the carbon footprint and the deadly amount of greenhouse gasses is also forcing nations across the globe, especially developing countries to take up the option of bioenergy seriously. With these environmental, social, and political pressures the opportunity in the global bioenergy market is anticipated to be worth US$246.52 bn by 2024 from US$158.39 bn in 2015. During the forecast period of 2016 and 2024, the global market is expected to rise at a CAGR of 4.9%. Browse Bioenergy Market Research Report: http://www.transparencymarketresearch.com/global-bioenergy-market.html Yet another growth driver for the bioenergy is the looming crisis of energy security. The transportation industry, known as the backbone of every economy, depends on oil, which makes it exceptionally vulnerable to any changes in the oil prices. Modern economies are heavily relying on renewable sources of energy to achieve long-term energy security by reducing their dependence on other nations to fuel their economic growth. Thus, the sustainable environmental projects initiated by several governments are expected to propel the usage of bioenergy across several sectors. Bioethanol: An Alternative to Conventional Fuel 2 Transparency Market Research
Bioenergy Market Bioethanol is the largest product segment of the bioenergy market. Increasing awareness about the advantages of bioethanol, its cost-efficiency, and its benefit to the environment are some the underlying factors supporting the growth of this segment. The biggest end user of bioethanol is the transportation industry. The sale of bioethanol has gained momentum in the recent years due to the ban on usage of gasoline in some countries. In the foreseeable future, the unaffordable rise in the price of crude oil is going to push governments and private sector to commercialize the sale of bioethanol for several purposes. Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10352 Supportive Policies Help Europe Lead the Race Europe is at the forefront of the bioenergy consumption, changing the perspective of the world towards greener living with its positive efforts. As of 2014, the region accounted for 44.0% of the global market with support from governments in the form of subsidies. The major production plants supplemented the bioenergy needs of Europe are based in France, the U.K., Germany, and Sweden. The key policies changing the face of the energy mix in Europe are Promotion of Renewable Electricity, European Emissions Trading Schemes, and Biofuels and Landfill Directives. Some of the key players operating in the global bioenergy market are Joule Unlimited, Amyris, Inc., Abengoa Bioenergy, BP Biofuels, Butamax Advanced Biofuels, Ceres Inc., E. I. du Pont de Nemours and Company, Enerkem, Gevo, Inc., POET LLC, Novozymes, LanzaTech, Sapphire Energy, Zeachem Inc., and Solazyme Inc. The majority of the players in this market are focusing 3 Transparency Market Research
Bioenergy Market on improving their brand awareness and investing in expanding their geographical reach to grab bigger and better shares in the overall market. Vertical integration is also an important business strategy adopted by some of the companies in the global bioenergy market. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com 4 Transparency Market Research
Bioenergy Market Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://cmfeglobalreports.blogspot.in/ 5 Transparency Market Research