Global Bioliquid Heat and Power Generation Market - 2022-2029

Global Bioliquid Heat and Power Generation Market - 2022-2029

Market Overview

The global bioliquid heat and power generation market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

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.

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 into 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 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 175GW 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 alternatives 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

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.

Bio-Ethanol 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 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.

Segment 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. Bio-Ethanol 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.

Geographical Analysis

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.

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 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 the 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 an approx.: 51 market data tables, 50 figures and 210 pages.

Target Audience 2022

Bioliquid heat and power generation equipment manufacturers

Power generation equipment manufacturers

Energy companies

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals