Bioliquid Heat & Power Generation Market is expected to grow at a robust CAGR
Global Bioliquid
Heat & Power Generation Market is expected to grow owing to the increased
recycling of waste products is one of the major factors driving the bioliquid
heat and power generation market throughout the forecast period.
According to
TechSci Research report, “Bioliquid
Heat & Power Generation Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast 2018-2028”, the Global Bioliquid Heat
& Power Generation Market is expected to register robust growth during the
forecast period. Numerous
countries and regions have established ambitious targets for renewable energy.
The bioliquid sector can greatly benefit from supportive policies, such as
feed-in tariffs, tax incentives, and subsidies, which aim to achieve these
targets. The integration of bioliquid-based systems into microgrids presents
opportunities for achieving energy self-sufficiency and enhancing grid
resilience, particularly in remote or off-grid areas. Microgrids have the
potential to enhance energy security and minimize transmission losses.
The
utilization of organic waste materials, including municipal solid waste (MSW)
and industrial waste, as feedstock for bioliquid production aligns with the
principles of the circular economy. By converting waste into energy, we can
effectively reduce landfill usage and decrease greenhouse gas emissions.
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market data Figures spread through XX Pages and an in-depth TOC on the "Global Bioliquid Heat & Power Generation Market."
Based on fuel
type,
the Bioethanol segment
is expected to dominate the market during the forecast period. Bioethanol
currently dominates the global biofuels-based energy generation mix. The
remarkable growth of this segment is attributed to the significant benefits of
the fuel, including its high production rate. Compared to fossil fuels,
bioethanol reduces greenhouse gas emissions by 85%, particularly nitrogen
oxide, and outperforms other biofuels with a 30% reduction. Numerous countries
have increased their bioenergy share in electricity generation, implementing
large combined heat and power (CHP) plants or individual power generating
units, particularly on a commercial scale. In Brazil, the bioenergy share in
renewable electricity generation reached approximately 10% in 2020. This was exemplified
by a 41 MW peaking power plant on Reunion Island, a remote French territory in
the Indian Ocean, which started operations in 2019 using ethanol from a local
distillery. The plant is currently owned by Albioma, a renowned French
renewable energy producer. Another driving factor for the segment's growth is
the increased production output of ethanol in many countries. For instance, in
April 2021, Praj Industries secured a contract to establish India's largest
capacity syrup-based ethanol plant in Karnataka, which is expected to become
operational within the next one to two years.
Based on technology,
Turbine segment is projected to dominate the market throughout the forecast
period. products. Turbines are utilized in power plants dedicated to generating
electricity from bioliquids, contributing to the grid's electricity supply and
reducing dependence on fossil fuels. Biomass power plants employ steam turbines
to generate steam through bioliquids or biomass combustion. The resulting steam
propels the turbine, generating electricity or mechanical work. Steam turbines
are particularly significant in large-scale power generation facilities.
Bioliquid-fueled turbines generally emit fewer greenhouse gases and air
pollutants, such as sulfur dioxide (SO2) and particulate matter (PM), compared
to fossil fuel-based turbines. This aligns with environmental objectives and
regulatory mandates for emission reduction. To summarize, the turbine segment
plays a crucial role in the Global Bioliquid Heat & Power Generation
Market, facilitating the conversion of bioliquids into electricity and thermal
energy. The adoption of bioliquids in power generation is driven by advanced
turbine technologies, energy efficiency, emissions reduction, and integration
with renewable energy sources. However, addressing challenges related to
feedstock availability, maintenance, and economic viability is essential to
maximize the segment's contribution to clean and sustainable energy generation.
Key market
players in the Global Bioliquid Heat & Power Generation Market are:
- Albioma SA
- Archer-Daniels-Midland Co
- Ameresco Inc
- Envitec Biogas AG
- Enviva Inc.
- Drax Group
- Strabag SE
- Pinnacle Renewable Energy Inc.
- Enerkem
- Green Plains Inc.
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“Europe is
expected to be the dominating region during the forecast period. The Horizon
Europe (2021-2027) program was launched in 2020 to provide financial support to
research and innovation initiatives in key areas of economic development,
including climate change. Notably, the recent EU mission for "100
climate-neutral and smart cities" by 2030 is anticipated to significantly
impact the demand for renewable energy generation across European nations.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Bioliquid
Heat & Power Generation Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By
Fuel Type (Bioethanol, Biodiesel and Others), By Technology (Engine, Turbine
and Others), By Region, Competition 2018-2028,” has evaluated the
future growth potential of Global Bioliquid Heat & Power Generation Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Bioliquid Heat &
Power Generation Market.
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