TechNavio today launched its report Global Biofuels Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”One of the major trends in this market is the increasing demand for energy. With the existing power generation capacity, it will be difficult to meet the future demand for energy. The usage of biofuels or biomass for electricity generation is a good alternative to fossil fuels, thus paving the way for the growth of the Global Biofuels market.”
According to the report, the increase in government funding and subsidies is one of the major driving factors. The Renewable Fuels Reinvestment Act and the Advanced Research Projects Agency-Energy (ARPA-E) programs in the US are instances of governmental funding and subsidizing. Subsidies and funding are being provided by the governments of various countries in order to boost investment in the Global Biofuels market.
Further, the report discusses that one of the major challenges for this market is the lack of food security.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/GYtD2
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Clean Tech, please visit https://www.technavio.com/clean-technology
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TechNavio Announces the Publication of its Report – Global Biofuels Market 2011-2015
