The Global Bioliquid Heat and Power Generation Market is expected to grow due to the increased recycling of waste products, which is a key factor driving market growth throughout the forecast period.
According to TechSci Research report, “Bioliquid Heat & Power Generation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Bioliquid Heat & Power Generation Market is expected to register robust growth during the forecast period. Numerous countries and regions have established ambitious targets for renewable energy. The bioliquid sector can greatly benefit from supportive policies, such as feed-in tariffs, tax incentives, and subsidies, which aim to achieve these targets.
The integration of bioliquid-based systems into microgrids presents opportunities for achieving energy self-sufficiency and enhancing grid resilience, particularly in remote or off-grid areas. Microgrids have the potential to enhance energy security and minimize transmission losses.
The utilization of organic waste materials, including municipal solid waste (MSW) and industrial waste, as feedstock for bioliquid production aligns with the principles of the circular economy. By converting waste into energy, we can effectively reduce landfill usage and decrease greenhouse gas emissions.
Based on fuel type, the Bioethanol segment is expected to dominate the market during the forecast period. Bioethanol currently dominates the global biofuels-based energy generation mix. The remarkable growth of this segment is attributed to the significant benefits of the fuel, including its high production rate. Compared to fossil fuels, bioethanol reduces greenhouse gas emissions by 85%, particularly nitrogen oxide, and outperforms other biofuels with a 30% reduction.
Numerous countries have increased their bioenergy share in electricity generation, implementing large combined heat and power (CHP) plants or individual power generating units, particularly on a commercial scale. In Brazil, the bioenergy share in renewable electricity generation reached approximately 10% in 2020.
This was exemplified by a 41 MW peaking power plant on Reunion Island, a remote French territory in the Indian Ocean, which started operations in 2019 using ethanol from a local distillery. The plant is currently owned by Albioma, a renowned French renewable energy producer. Another driving factor for the segment’s growth is the increased production output of ethanol in many countries. For instance, in April 2021, Praj Industries secured a contract to establish India’s largest capacity syrup-based ethanol plant in Karnataka, which is expected to become operational within the next one to two years.
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Based on technology, Turbine segment is projected to dominate the market throughout the forecast period. products. Turbines are utilized in power plants dedicated to generating electricity from bioliquids, contributing to the grid’s electricity supply and reducing dependence on fossil fuels. Biomass power plants employ steam turbines to generate steam through bioliquids or biomass combustion.
The resulting steam propels the turbine, generating electricity or mechanical work. Steam turbines are particularly significant in large-scale power generation facilities. Bioliquid-fueled turbines generally emit fewer greenhouse gases and air pollutants, such as sulfur dioxide (SO2) and particulate matter (PM), compared to fossil fuel-based turbines. This aligns with environmental objectives and regulatory mandates for emission reduction.
To summarize, the turbine segment plays a crucial role in the Global Bioliquid Heat & Power Generation Market, facilitating the conversion of bioliquids into electricity and thermal energy. The adoption of bioliquids in power generation is driven by advanced turbine technologies, energy efficiency, emissions reduction, and integration with renewable energy sources. However, addressing challenges related to feedstock availability, maintenance, and economic viability is essential to maximize the segment’s contribution to clean and sustainable energy generation.
Key market players in the Global Bioliquid Heat & Power Generation Market are:
- Albioma SA
- Archer-Daniels-Midland Co
- Ameresco Inc
- Envitec Biogas AG
- Enviva Inc.
- Drax Group
- Strabag SE
- Pinnacle Renewable Energy Inc.
- Enerkem
- Green Plains Inc.
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“Europe is expected to be the dominating region during the forecast period. The Horizon Europe (2021-2027) program was launched in 2020 to provide financial support to research and innovation initiatives in key areas of economic development, including climate change. Notably, the recent EU mission for “100 climate-neutral and smart cities” by 2030 is anticipated to significantly impact the demand for renewable energy generation across European nations.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Bioliquid Heat & Power Generation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Fuel Type (Bioethanol, Biodiesel and Others), By Technology (Engine, Turbine and Others), By Region, Competition 2018-2028,” has evaluated the future growth potential of Global Bioliquid Heat & Power Generation Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Bioliquid Heat & Power Generation Market.
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