- Global Algae Biofuel Technologies Market to Grow at 43.4 percent during 2014-2018
According to the latest research findings by the independent London-based global research firm TechNavio, increasing environmental awareness is one of the key drivers stimulating the growth of Global Algae Biofuel Technologies Market. This finding is for the forecast period 2014-2018.
As per research analysis, the need to reduce emissions from vehicles and power generation plants is a significant trend leading to increasing growth of the Global Algae Biofuel Technologies market. The demand for algae-based biofuels, which helps in reducing carbon emissions by 30-70 percent when compared to fossil-based fuels, is driving growth of the Global Algae Biofuel Technologies market.
Various governments across the world have been promoting investment in the Renewable Energy and Alternative Energy sectors in order to reduce pollution. For instance, the US Government has announced a stimulus package for clean energy technologies, which is a major positive factor increasing the demand for algae biofuel technologies. European countries like Germany, Denmark, the Czech Republic, France, Italy, and Spain on the other hand, have programmes in place permitting full tax exemption for a limited volume of biodiesel. This is helping in growth of the production of biofuels market.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Algae Biofuel Technologies Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Algae Biofuel Technologies Market.Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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