Global Bioenergy Market 2020-2024 | Evolving Opportunities with A2A Spa and Archer Daniels Midland

By: Technavio
 
 
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Bioenergy Market

Industry:
Health

Location:
Elmhurst - Illinois - US

ELMHURST, Ill. - May 27, 2020 - PRLog -- The bioenergy market is poised to grow by USD 68.86 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period.The market is driven by the rising need for renewable clean fuel. In addition, the advances in enzyme technologies are anticipated to boost the growth of the bioenergy market.

The global energy insecurity, volatile fuel prices, and the rising emission levels have led to increased focus on alternative fuels. Moreover, the steady depletion of fossil fuel reserves has increased the use of renewable biofuels. Biofuel blends are used in regular vehicles with little or no modification required in the engines. Biofuels emit fewer greenhouse gas (GHG) emissions in comparison to conventional fuels. Bioethanol and biodiesel reduce the amount of sulfur and hydrocarbon emissions in the air. Such benefits of biofuels and increased demand for renewable clean fuel is expected to drive the growth of the market.

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Major Five Bioenergy Companies:
A2A Spa
A2A Spa has business operations under various segments, including generation and trading, waste, networks and district heating, international, and A2A smart city and corporate. The company offers bioenergy solutions through its generation and trading segment.
Archer Daniels Midland Co.
Archer Daniels Midland Co. operates its business through origination, oilseeds, carbohydrate solutions, nutrition, and others. The company offers bio energy solutions through the others segment which focuses on industrial users.

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