Market Highlights
Market Research Future published a half-cooked research report on Global Bioliquid Heat Power Generation Market. The Bioliquid Heat and Power Generation Market size is expected to expand at 7.6% CAGR during the period 2021 to 2027.
Bioliquids are fuels made from biomass for energy purposes including heating and generating power. Bioliquids have high energy density and having been used for many years. The bioliquid as a technology is well established and can be used on demand, reacting quickly to changes in demand for power. Bioliquids have the capability to reduce dependency on foreign oil and reduces the green-house gas emissions.
Bioliquids are fuels extracted from renewable sources. Cooking oil, wheat, rape seed, and animal fats are some feedstock harvested to produce bioliquids. Bioliquids are available in to forms. First as virgin, i.e. as 100% renewable content and second, as pure bioliquids mixed with mineral heating fuels, such as gas oil and kerosene. This is also termed as bioliquid blends. There are standards followed during the production of bioliquids. High attention is given to the quality of bioliquids produced and their production procedure. In order to achieve safe conversion of feedstock to the bioliquid of desired quality and amount, and make them fail-safe for power and heat production, modern technologies are deployed.
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Based on application, the bioliquid heat power generation market is segmented into heat production and power generation. The heat production segment is expected to dominate the bioliquid heat power generation market due to the easy availability of feedstocks for heat production.
MRFR observed the market of bioliquid heat and power generation by type and application parameters. Bioethanol type of bioliquid is applied for various applications due its advantages over biodiesel. To illustrate, bioethanol has greater rate of combustion that produces less emission of harmful tailpipe. It is because bioethanol contains 35% oxygen and biodiesel does not. Ethanol does not toxic gasoline component, such as benzene; hence, has greater sales rate. The growing utility of bioliquids for power and heat in industries can prompt the expansion of the bioliquid heat and power generation market.
Market Research Analysis
Europe accounts for the largest market share in the Bioliquid Heat and Power Generation market
Region wise, Europe held the largest market share of the global Bioliquid Heat Power Generation market in 2017. The growth of bioliquids in the region can be attributed to the increasing focus on the renewable energy sector, of which bioliquid is a part. The market in Europe is expected to dominate the global bioliquid heat and power generation industry share by 2027. The growing market 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.
The rise in utility of renewable energy can shore up the bioliquid heat and power generation market growth in North America across the review period. Technical advancements ensures the safe production of bioliquid fuel, which can bolster the growth of the regional market.
In Europe, increase in research undertakings to develop high quality bioliquids can prompt the regional market. In APAC, the ease of procuring feedstock for bioliquid fuel can impel the regional market.
Key Players
The key players of the global Bioliquid Heat Power Generation Market are Encontech, Argent Energy, Munzer Bioindustrie, Betarenewables, Ensyn Fuels, Bunge, Biox, MBP Group, REG Power Management, Neste, REG, Kraton, BTG, Olleco, Archer Daniels Midland Company, and Cargill Inc., among others.
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