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The bioenergy market is expected to register a CAGR of over 6% during the forecast period of 2020-2025
The growth in the bioenergy market can be attributed to the increasing shift towards renewables and other non-fossil fuel-based energy sources, such as solid biomass, biogas, and others.
Factors, such as increasing demand for energy, advancements in bioenergy conversion technologies, and increasing investment in bioenergy, and declining electricity generation costs from bioenergy facilities are expected to drive the market during the forecast period. However, the increasing penetration of electric vehicles across the globe is expected to have a negative impact on the demand for biofuels in the coming years.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Bioenergy Market Report 2020-2025: Bioenergy Installed Capacity GW & Bioenergy Power Generation TWh - ResearchAndMarkets.com
February 9, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 9, 2021
The bioenergy market is expected to register a CAGR of over 6% during the forecast period of 2020-2025
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The growth in the bioenergy market can be attributed to the increasing shift towards renewables and other non-fossil fuel-based energy sources, such as solid biomass, biogas, and others.
Factors, such as increasing demand for energy, advancements in bioenergy conversion technologies, and increasing investment in bioenergy, and declining electricity generation costs from bioenergy facilities are expected to drive the market during the forecast period. However, the increasing penetration of electric vehicles across the globe is expected to have a negative impact on the demand for biofue