Bioliquid Heat and Power Generation Market to Hit $2.29 Billion by 2022

The global bioliquid
heat and power generation market is expected to grow from an estimated
value of $1.67 billion in 2017 to $2.29 billion by 2022, at a CAGR of 6.54%,
from 2017 to 2022. The bioliquid heat and generation market is driven by
factors such as the easy availability of feedstocks and reduction in carbon
emissions.

The availability of technology to convert feedstocks to
liquid biofuels is expected to boost the demand for bioliquid heat and power
generation. The emerging markets in Asia Pacific present a great opportunity
for the bioliquid heat and power generation market due to significant
government initiatives to promote renewable energy generation through biofuels.

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Asia Pacific is
expected to be the fastest-growing bioliquid heat and power generation market

In Asia Pacific, governments are focusing on increasing
the contribution of renewable energy sources to meet domestic electricity
demand. The market in Europe is expected to dominate the global bioliquid heat
and power generation market due to increasing investments in the renewable
energy sector and stringent regulatory frameworks related to the implementation
of bioliquids in the region. The Chinese market is expected to dominate the
market in Asia Pacific. The bioliquid heat and power generation market is
expected to grow at a significant rate in countries such as India, Japan, and
South-East Asian countries.

Europe is expected
to be the largest bioliquid heat and power generation market

The market in Europe is expected to lead the global
bioliquid heat and power generation market by 2022. The market size 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.

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The key players in the Bioliquid Heat and Power Generation Market include REG (US), Neste
(Finland), Kraton (US), BTG (Netherlands), and Olleco (UK).