BOULDER, Colo.--(BUSINESS WIRE)--EOToday Pike Research announced the launch of its new Bioenergy Advisory Service, a subscription-based information suite that provides independent and objective market intelligence and strategy insights for companies and other organizations engaged in the fast-growing biomass ecosystem. Worldwide, biomass is the fourth largest energy resource after coal, oil, and natural gas – estimated at about 14 percent of global primary energy. As global energy demand escalates and efforts to curb greenhouse gas emissions intensify, an increasing number of countries are turning to biomass resources as fuel for commercial-scale electricity production and feedstock for biofuels production.
“The bioenergy market – encompassing the use of biomass for electricity, heat, and fuel – represents a major growth opportunity in the crowded renewable energy landscape,” says senior analyst Mackinnon Lawrence. “Over the past decade, the biofuels industry has emerged as an important player in the global fuel landscape, currently producing the equivalent of just under two million barrels per day. By helping to diversify national energy portfolios and providing a sustainable base load source of electricity, biopower has solidified its role as a key renewable alternative to fossil fuel resources such as coal.”
As part of its Bioenergy service, Pike Research’s industry analysts offer timely and actionable market insights, covering specific technology and business sectors as well as overall market conditions and trends. Research reports include an in-depth examination of business models, technology issues, policy and regulatory factors, the competitive landscape, and market sizing, segmentation and forecasting.
Pike Research’s key findings and forecasts about the emerging Bioenergy market include the following:
- Although biomass utilization is primarily local, supply chain footprints are expanding globally, with trade in biomass resources emerging as a major growth driver.
- In the midst of an explosion of feedstock opportunities and a number of end-market options, scale-up efforts around bioenergy will hinge on stakeholders’ ability to effectively manage increasing levels of market and regulatory complexity.
- Worldwide biopower generation capacity will grow to at least 86 gigawatts (GW) by 2021, from 58 GW in 2011, representing a total investment of $104 billion from 2008 to 2021.
- Biofuels production capacity is expected to reach 65.7 billion gallons per year by 2021, with industry value increasing from $82.7 billion in 2011 to $185.3 billion by 2021.
- Algae-based biofuels production will gain traction over the next decade, reaching an estimated value of $1.3 billion by 2020. Global revenues from waste-to-energy systems will experience strong growth over the next five years, more than tripling in size from $4.2 billion in 2011 to almost $13.6 billion by 2016.
Pike Research’s Bioenergy Advisory Service focuses on the utilization of renewable biomass feedstocks for the production of electricity, heat, liquid fuels, and chemicals. The service includes coverage of global regulatory and public policy trends, business models and economic factors, technology and intellectual property issues, and the emerging competitive landscape and supply chain for bioenergy markets. Executive Summaries and further information about the Advisory Service are available for free download on Pike Research’s website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit www.pikeresearch.com or call +1.303.997.7609.