Bioenergy Market, by Product Expected to Surpass a Valuation of US$246.52 bn by the end of 2024

Albany, USA, 2017-Dec-29 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled Bioenergy Market, by Product Type (Bioethanol, Biodiesel, Biogas, and Others) and by Application Type (Cooking, Off-grid Electricity Supply, Transportation, and Others) – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 – 2024

Request For Free Sample Report @ https://www.mrrse.com/sample/1690

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%.

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.

Browse Full Report with Table of Content @ https://www.mrrse.com/bioenergy-market

Bioethanol: An Alternative to Conventional Fuel

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.

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.

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

Matched content

Editor’s pick

Do NOT follow this link or you will be banned from the site!