The bioliquid heat and power generation market is estimated to grow at a CAGR of 6.54%, from 2017 to 2022, to reach a projected value of USD 2.29 billion by 2022. Bioliquids are used as fuel for electricity generation and heat production on a small as well as large scale. The easy availability of feedstocks to generate bioliquids, high recycling rate of waste products, and reduction in carbon emissions are some of the factors contributing to the growth of the bioliquid heat and power generation market. Improving energy security is one of the major opportunities for the bioliquid heat and power generation market.
Browse 54 market data Tables and 27 Figures spread through 106 Pages and in-depth TOC on "Bioliquid Heat and Power Generation Market - Global Forecast to 2022"
The bioliquid heat and power generation market, by application, into heat production and electricity generation. The heat production segment is estimated to lead the bioliquid heat and power generation market in 2017. The heat production segment is also projected to grow at the fastest rate during the forecast period due to the easy availability of feedstocks for heat production. In Europe, the major demand for heat production is from the residential sector. This will boost the overall heat production market.
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The bioliquid heat and power generation market has been analyzed with respect to 4 regions, namely, Europe, North America, Asia Pacific, and the rest of the world. The market in Europe is expected to lead the global bioliquid heat and power generation market by 2022. The market size in this region can be attributed to the increasing focus on the renewable energy sector, of which bioliquid is a part. Countries such as Germany, the UK, and France are the key markets for bioliquid heat and power generation in Europe. The stringent regulatory framework regarding bioliquids in the region is expected to drive the market in Europe.
In Asia Pacific, governments are focusing on increasing the contribution of renewable energy sources to meet domestic electricity demand. The Chinese market is expected to dominate the market in Asia Pacific. The bioliquid heat and power generation market is expected to grow at a significant rate in countries such as India, Japan, and South-East Asian countries.
The key players in the bioliquid heat and power generation market include REG (US), Neste (Finland), Kraton (US), BTG (Netherlands), and Olleco (UK).
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Bioliquid Heat and Power Generation Market worth 2.29 Billion USD by 2022
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