The bioliquid heat and power generation market is estimated to be valued at US$ 2.7 billion in 2024. The bioliquid heat and power generation is predicted to rise at a CAGR of 8.2% from 2024 to 2034. The global bioliquid heat and power generation market is anticipated to reach US$ 6 billion by 2034.
Supportive renewable energy policies, heightened environmental consciousness, and the need for diversified, secure energy sources are expected to drive the bioliquid heat and power generation market.
Governments worldwide are implementing incentives and regulations to encourage the adoption of bioenergy, creating a conducive environment for the development of the bioliquid heat and power generation market.
Technological advancements play a pivotal role in enhancing the efficiency of converting bioliquids into heat and power. From direct combustion of biomass for heat generation to advanced biofuel production for electricity, a spectrum of technologies is contributing to the sector's maturation.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | US$ 2.7 billion |
| Projected Market Value in 2034 | US$ 6 billion |
| CAGR from 2024 to 2034 | 8.2% |
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From 2019 to 2023, the bioliquid heat and power generation market experienced a CAGR of 10.3% in market value. The ongoing advancements in bioenergy technologies will likely play a crucial role in the future of the market.
Improved efficiency, cost-effectiveness, and the development of new bioliquid production methods are expected to contribute to the sector's expansion.
The future of the bioliquid heat and power generation market is likely to be marked by continued growth, driven by a global shift towards cleaner and more sustainable energy sources.
Increasing awareness of climate change and environmental concerns may lead to greater adoption of bioenergy solutions. Projections indicate that the global bioliquid heat and power generation market is expected to experience a CAGR of 8.2% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 10.3% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 8.2% |
Principal Consultant
The provided table highlights the top five countries in terms of revenue, with South Korea and the United Kingdom leading the list.
The growth of the bioliquid heat and power generation market in the United Kingdom is driven by the country's commitment to renewable energy targets, policies such as the renewable heat incentive (RHI), and a strategic focus on biomass energy.
In South Korea, the growth of the bioliquid heat and power generation market is propelled by government initiatives promoting renewable energy, including biomass utilization goals and feed-in tariffs.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 8.5% |
| The United Kingdom | 9.7% |
| China | 9.0% |
| Japan | 9.5% |
| South Korea | 4.9% |
The bioliquid heat and power generation market in the United States is expected to grow with a CAGR of 8.5% from 2024 to 2034. The growth of the bioliquid heat and power generation market in the United States is likely to be influenced by federal and state-level policies supporting renewable energy. Incentives such as tax credits, grants, and loan programs can encourage investment in bioliquid heat and power projects.
Many states have established Renewable Portfolio Standards, requiring a certain percentage of energy to come from renewable sources. This can drive the adoption of bioliquid heat and power technologies to meet these standards.
Policies promoting advanced biofuels, including bioliquids, for heat and power generation can stimulate research, development, and commercialization efforts in the industry.
The bioliquid heat and power generation market in the United Kingdom is expected to grow with a CAGR of 9.7% from 2024 to 2034. The United Kingdom has ambitious renewable energy targets, including a commitment to reach net-zero carbon emissions by 2050. Policies and incentives promoting renewable energy sources, including bioliquids, are likely to drive growth in the bioliquid heat and power generation market.
The United Kingdom government's Renewable Heat Incentive (RHI) has historically provided financial support for renewable heat technologies, including biomass heat and bioliquid heat systems. Continued support through such incentive programs can stimulate market growth.
The United Kingdom biomass energy strategy outlines the role of biomass in meeting renewable energy goals. If there are specific targets or incentives for the use of bioliquids in heat and power generation, it could drive market expansion.
Advancements in bioliquid production technologies and heat and power generation systems can enhance efficiency and make bioliquids more competitive in the United Kingdom energy market.
The bioliquid heat and power generation market in China is expected to grow with a CAGR of 9.0% from 2024 to 2034. China has set ambitious renewable energy targets as part of its efforts to address environmental concerns and reduce carbon emissions.
Policies supporting the development of renewable energy sources, including bioliquids, could drive growth in the Bioliquid Heat and Power Generation market.
China has been actively promoting bioenergy and biomass utilization as part of its broader energy strategy. Policies and incentives encouraging the use of biomass, including bioliquids, for heat and power generation can contribute to market growth.
The bioliquid heat and power generation market in Japan is expected to grow with a CAGR of 9.5% from 2024 to 2034. Japan has set ambitious climate change and environmental goals. Bioliquid heat and power generation, with its potential for lower carbon emissions, aligns with Japan's commitments to address climate change and improve environmental sustainability.
Increasing public awareness and acceptance of bioenergy solutions, including bioliquids, can contribute to market growth. Education and outreach efforts may help build support for renewable energy projects.
Advancements in bioliquid production technologies and heat and power generation systems can play a crucial role in the growth of the market. Investments in research and development to improve efficiency and reduce costs could drive adoption.
The bioliquid heat and power generation market in South Korea is expected to grow with a CAGR of 4.9% from 2024 to 2034. South Korea has been implementing renewable energy policies to diversify its energy mix and reduce greenhouse gas emissions. Policies and incentives supporting the use of renewable energy sources, including bioliquids, could drive growth in the bioliquid heat and power generation market.
South Korea has set renewable energy targets, and the introduction of Renewable Portfolio Standards could drive the adoption of bioliquids in the energy sector.
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The below section shows the leading segment. The bioethanol segment to grow at a CAGR of 7.9 % from 2024 to 2034. Based on application, the heat production segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 7.7% from 2024 to 2034.
| Category | CAGR from 2024 to 2034 |
|---|---|
| Bioethanol | 7.9% |
| Heat Production | 7.7% |
Based on type, the bioethanol segment is anticipated to thrive at a CAGR of 7.9% from 2024 to 2034. Bioethanol is considered a renewable energy source because it is produced from biomass, which can be replenished. Unlike fossil fuels, which are finite resources, the production of bioethanol relies on ongoing plant growth and cultivation.
Combusting bioethanol releases carbon dioxide (CO2), but the plants used to produce bioethanol absorb CO2 during their growth. The net carbon footprint is therefore lower compared to fossil fuels, contributing to a reduction in greenhouse gas emissions and mitigating climate change.
Bioethanol helps diversify the energy mix, reducing dependence on conventional fossil fuels and enhancing energy security. All these benefits associated with bioethanol are driving the segmental growth.
Based on application, the heat production segment is anticipated to thrive at a CAGR of 7.7% from 2024 to 2034. The flexibility of bioliquid production from various biomass feedstocks provides versatility in heat generation applications. Different regions can choose feedstocks based on local availability, agricultural practices, and environmental considerations.
Bioliquids, often derived from organic materials like crops or agricultural residues, are renewable and sustainable sources of energy. The use of these materials for heat production aligns with efforts to transition away from finite fossil fuels towards more environmentally friendly alternatives.
Bioliquid heat and power generation contribute to enhanced energy security, particularly in regions seeking to reduce vulnerability to external supply disruptions.
Market players are investing in R&D is crucial for developing advanced bioliquid production technologies, improving efficiency, and exploring new biomass feedstocks. Market players focus on innovation to stay competitive and address challenges related to cost, scalability, and sustainability.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 2.7 billion |
| Projected Market Valuation in 2034 | US$ 6 billion |
| Value-based CAGR 2024 to 2034 | 8.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
|
As of 2024, the market for bioliquid heat and power generation is expected to be valued at US$ 2.7 billion.
By 2034, the market value of bioliquid heat and power generation is expected to reach US$ 6 billion.
From 2024 to 2034, the bioliquid heat and power generation market is expected to flourish at a CAGR of 8.2%
Bioethanol segment is expected to grow at a CAGR of 7.9% from 2024 to 2034.
United Kingdom is likely the top-performing market, with a CAGR of 9.7%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Bioethanol
5.3.2. Biodiesel
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Heat Production
6.3.2. Electricity Generation
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Type
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Encontech
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Argent Energy
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Munzer Bioindustrie
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Betarenewables
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Ensyn Fuels
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Bunge
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Biox
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. MBP Group
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. REG Power Management
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Neste
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. REG
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. Kraton
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.13. BTG
17.1.13.1. Overview
17.1.13.2. Product Portfolio
17.1.13.3. Profitability by Market Segments
17.1.13.4. Sales Footprint
17.1.13.5. Strategy Overview
17.1.13.5.1. Marketing Strategy
17.1.14. Olleco
17.1.14.1. Overview
17.1.14.2. Product Portfolio
17.1.14.3. Profitability by Market Segments
17.1.14.4. Sales Footprint
17.1.14.5. Strategy Overview
17.1.14.5.1. Marketing Strategy
17.1.15. Archer Daniels Midland Company
17.1.15.1. Overview
17.1.15.2. Product Portfolio
17.1.15.3. Profitability by Market Segments
17.1.15.4. Sales Footprint
17.1.15.5. Strategy Overview
17.1.15.5.1. Marketing Strategy
17.1.16. Cargill Inc
17.1.16.1. Overview
17.1.16.2. Product Portfolio
17.1.16.3. Profitability by Market Segments
17.1.16.4. Sales Footprint
17.1.16.5. Strategy Overview
17.1.16.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Bioliquid Heat and Power Generation Market
