Some of the top players in this market include Mitsubishi Heavy Industries Ltd., MVV Energie AG, A2A SpA, Hitachi Zosen Corp., BTG Biomass Technology Group etc.
Bioenergy Market Size is projected to reach USD 229 billion by 2030, growing at a CAGR of 7.7%: Straits Research – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Global Bioenergy Market is estimated to be US$ 215.02 billion by 2030 with a CAGR of 7.50% during the forecast period – By PMI – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
ResearchAndMarkets.com’s offering.
The bioenergy market is expected to register a CAGR of over 6% during the forecast period of 2020-2025
The growth in the bioenergy market can be attributed to the increasing shift towards renewables and other non-fossil fuel-based energy sources, such as solid biomass, biogas, and others.
Factors, such as increasing demand for energy, advancements in bioenergy conversion technologies, and increasing investment in bioenergy, and declining electricity generation costs from bioenergy facilities are expected to drive the market during the forecast period. However, the increasing penetration of electric vehicles across the globe is expected to have a negative impact on the demand for biofuels in the coming years.