Bioenergy Market Share 2016 - 2024

Bioenergy is a type of renewable energy that has been derived from biomass in order to generate heat and electricity and to produce liquid fuels, which can be used for transportation. Biomass is organic matter that has large amounts of chemical energy. It is widely available in several forms, including forestry products, municipal waste, agricultural products, wood waste, and other waste. Bioenergy is the only form of renewable energy that can be utilized in all three major energy sectors: heat, transportation, and electricity. In 2016, the global bioenergy market was worth US$168.2 bn and is projected to reach a value of US$246.5 bn by the end of 2024. The market is estimated to exhibit a 4.92% CAGR between 2016 and 2024.

Bioenergy Market Share 2016 - 2024

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