Market Size of Bioenergy Industry
| Study Period | 2020 - 2029 |
| Market Volume (2024) | 166.14 gigawatt |
| Market Volume (2029) | 220.11 gigawatt |
| CAGR (2024 - 2029) | 5.82 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bioenergy Market Analysis
The Bioenergy Market size in terms of installed base is expected to grow from 166.14 gigawatt in 2024 to 220.11 gigawatt by 2029, at a CAGR of 5.82% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing investments in bioenergy, and declining electricity generation costs from bioenergy facilities are expected to drive the market during the forecast period.
- On the other hand, the high initial investment for establishing plants may resist market growth. The plant output must be sufficient and consistent to cover the installation and operating costs.
- Nevertheless, Emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), a recent German innovation in the biological treatment of waste, present high potential in the bioenergy field, being close to 'zero-waste' technology.
- Europe is expected to dominate the world's market, with most of the demand coming from countries such as Norway, Germany, and the United Kingdom.
