Global Bioliquid Heat and Power Generation Market is Segmented By Fuel (Bio-Ethanol, Bio-Diesel, Others), By Technology (Engine, Turbine, Heat Generation, Electricity Production, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Bioliquid Heat and Power Generation Market Overview
210 pages report analyses the Global Bioliquid Heat and Power Generation Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Energy & Power, Heat Generation in Asia Pacific is booming. Competitive rivalry intensifies with Albioma S.A, Green Plains Inc, Drax Group and others operating in the market.
Bioliquids are liquid fuels obtained from biomass to produce heat and energy. The main bioliquids in use are bioethanol and biodiesel. Bioethanol is produced from the alcoholic fermentation of sugars in corn or sugarcane, whereas biodiesel is produced from vegetable or animal fats transesterification.
Internal Combustion (IC) engines use bioliquids for combustion to produce electricity in a generating set. Traditional power plants burn bioliquids to produce steam for heating and electricity generation. The rising adoption of renewable energy sources is expected to increase the usage of bioliquids for heating and power generation, especially in remote areas.
Bioliquid Heat and Power Generation Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Fuel, By Technology, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Europe |
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Bioliquid Heat and Power Generation Market Dynamics
The demand for bioliquid heat and power generation is mainly driven by the increasing global investment in renewable energy is a key driver for the market. The availability of various alternatives to biofuel energy is a key factor in limiting the growth of this market.
Increasing global investment in renewable energy
Humanity is facing a threat due to the effects of man-induced climate change. It has led to ecological disruption, changing weather patterns, and global warming, among other effects. An urgent drive to decarbonize global energy is underway to mitigate the worst effects of manmade climate change. In November 2021, at the COP26 conference, global governments made a landmark pledge to achieve carbon neutrality by 2050.
To fulfill the pledge of achieving carbon neutrality within the agreed timeframe, massive investments have to be made in renewable energy. The investments are also seen as an economic stimulus to lift national economies after the downturn caused by the pandemic. Various governments have allocated substantial sums to develop sustainable renewable energy technologies.
The Build Back Better (BBB) Act is a wide-ranging economic stimulus plan for the U.S. economy. The plan allocates US$ 180 billion for research, development, and deployment of clean energy and climate impact research. India has set an ambitious target of achieving 175 GW of renewable energy production by 2030. The renewable energy sector in India is expected to receive up to US$ 15 billion in funding in 2022. The funding is likely to increase substantially in the coming years. The European Commission (EC), the main governing body of the European Union (E.U.), has targeted more than US$ 120 billion of renewable energy investments until 2030 to achieve a 32% share of renewables within the timeframe. The ongoing investment in renewable energy is expected to provide impetus to developing the bioliquid heat and power generation market and becoming one of the key drivers of its growth.
Availability of various alternatives to biofuel energy
Bio-liquid heat and power generation are premised on a stable supply of biofuels such as biodiesel and bioethanol. Bioethanol is produced from the alcoholic fermentation of sugars in corn or sugarcane, whereas biodiesel is produced from vegetable or animal fats transesterification. The raw materials required for the production of biofuels are subject to volatility due to various underlying factors such as weather patterns, crop harvests, and logistical issues.
Various attractive alternative renewable energy options exist in place of biofuel energy. Wind and solar energy are flagships of the renewable energy industry. Wind and solar have witnessed substantial investments in research and development, leading to lower production costs and widespread deployment. It makes them the first choice for renewable energy projects in place of biofuels. Global investment in renewable energy has also disproportionately gone towards solar and wind energy since it is an attractive alternative to biofuel energy. The availability of alternatives limits the adoption of biofuel energy and is a key challenge for the growth of the market.
COVID-19 impact analysis on Bioliquid Heat and Power Generation Market Growth
The global bioliquid heat and power generation market was severely impacted in 2020 due to the COVID-19 pandemic. Lockdowns and other government movement restrictions halted construction activities on under-construction plants. Only minor and major maintenance activities of existing plants occurred during the initial phase of the pandemic.
Bioethanol production depends on a good crop harvest of sugarcane or corn. The pandemic severely impacted crop harvest, especially in developing countries, as there was an acute labor shortage due to lockdowns and movement restrictions. The biofuel energy industry directly impacted crop harvest and hence, output declined.
The impact of the COVID-19 pandemic has been severe for the bioliquid heat and power generation market in the short term. Major cuts to capital expenditures and response to the economic uncertainty of the pandemic halted the expansion and financing of new projects. The pandemic will not impact the medium to the long-term growth of the global bioliquid heat and power generation market since governments prioritize investment in the renewable energy sector to ensure the decarbonization of energy in line with climate goals agreed upon in COP26. The investment is also seen as a stimulus package for the economy, which experienced a downturn due to the pandemic. The demand for bioliquid heat and power generation remains strong and is expected to grow gradually in the coming years.
Bioliquid Heat and Power Generation Market Segmentation Analysis
The global bioliquid heat and power generation market is segmented into fuel, technology, and region. The bioliquid heat and power generation market is further segmented into bioethanol, biodiesel, and others based on fuel. Bioethanol is leading in this segmentation since it is the most widely available and used fuel for heat and power generation. Bioethanol is produced from the alcoholic fermentation of sugars in corn or sugarcane, whereas biodiesel is produced from vegetable or animal fats transesterification. Bio-Ethanol has larger production and a stable supply chain leading to industry-wide acceptance. Bio-Diesel production is still lagging and hence it has a lower market share.
Bioliquid Heat and Power Generation Market Geographical Share
Europe is leading in the global bioliquid heat and power generation market. The region accounts for the largest market share, primarily due to major investments in renewable green energy and major bioliquid heat and power generation projects currently under construction in the region. Biomass accounts for the largest share of renewable energy within the E.U., with more than 60% of the total renewable energy produced.
The European Commission (EC) is investing nearly US$ 800 billion through 2050 to increase the capacity of renewable energy capacity from 12GW in 2020 to more than 300GW by 2050. It has adopted a target of achieving 32% of renewable energy from biomass by 2030. To ensure the objectives are met, the EC has relaxed rules and regulations governing investments in biomass projects and
Some of the largest biomass energy projects are located in the region. The Eisenhuttenstadt biomass energy plant has a capacity of 32MW and is located in Brandenburg, Germany. The Eberswalde Energy plant is a 20MW biomass plant currently under construction in Germany and is expected to enter operation in late 2022. Due to substantial investment and various ongoing and planned projects, Europe is expected to retain the largest share in the global bioliquid heat and power generation s market in the coming years.
Bioliquid Heat and Power Generation Market Companies and Competitive Landscape
The global bioliquid heat and power generation market is competitive due to the wide variety of bioliquid heat and power generation solutions that cater to different types of energy needs. Some of the major players contributing to the growth in the segment are Albioma S.A., Archer-Daniels-Midland Company, Ameresco Inc., Envitec Biogas AG, Enviva Inc., Drax Group, STRABAG International GmbH, Ensyn Corporation, Enerkem, and Green Plains Inc. The major players in the market adopt growth strategies such as new product launches, registering new patents, joint ventures, and collaborations, contributing to the growth of the global industry.
Albioma S.A.
Overview: Albioma S.A. is an engineering company that designs and constructs renewable energy solutions for various applications. The company mainly deals in biomass energy, solar energy, and geothermal energy. The company employs 678 people in 9 countries and territories, namely, France, Brazil, Turkey, Mauritius, French Guyana, Martinique, Guadeloupe, Mayotte, and Reunion Island. The company was founded in 1982 and is headquartered in La Défense, Paris, France.
Product Portfolio: Biomass Solutions is the company's design and consulting service for bioliquid renewable energy generation. The company uses bagasse from the sugar refining process to generate heat and electricity for the sugar factory.
Key Developments: In February 2022, Albioma S.A. entered into an exclusive agreement with Turkish company Turcas Petrol A.Ş for the acquisition of a Turkish biofuel and geothermal energy plant in Aydin province, Turkey. The deal will allow the company to strengthen its presence in the Turkish market.
Why Purchase the Report?
- Visualize the composition of the bioliquid heat and power generation market segmentation by fuel, technology, and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the bioliquid heat and power generation market by analyzing trends and co-development deals.
- Excel data sheet with thousands of global bioliquid heat and power generation market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in Excel for the critical product of all major market players
The global bioliquid heat and power generation market report would provide access to approx.: 51 market data tables, 50 figures, and 210 pages.
Target Audience
- Bioliquid heat and power generation equipment manufacturers
- Power generation equipment manufacturers
- Energy companies
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
