Renewable Energy-based Commercial Aviation Market in Scandinavia 2017-2021

Overview of the renewable energy-based commercial aviation market in Scandinavia

Technavio’s market research report predicts that the renewable energy-based commercial aviation market in Scandinavia will grow at a CAGR of nearly 6% during the forecast period. Emerging SMEs with innovative technologies is one of the primary drivers for market growth. The availability of nanomaterials and the impact of renewable power generation like wind turbines and solar cells has made Scandinavia a well-developed region. Numerous SMEs in the region have focused on leveraging the properties of nanomaterials to propel the sustainable energy growth on an industry-wide scale. Similar improvements also encourage the adoption of renewable resource as they help in the cost-effective backup of power through batteries and fuel cells, and solar power to offset energy consumption from the grid in the Scandinavian commercial aviation market.

One of the latest trends that will gain traction in the renewable energy-based commercial aviation market in Scandinavia is the development of second- and third-generation biofuels.  Second-generation biofuels are created from different kinds of biomass and are generally made from lignocellulosic biomass or woody crops and various kinds of agricultural residues or waste. Moreover, biofuels made from aquatic biomass are third-generation biofuels, with microalgae as feedstock resource. Countries like Norway are increasingly focusing on innovations to come up with second-generation biofuels for transport segments such as aviation, and a significant amount of funds have been invested in second-generation biofuel research in Norway. Establishments like SINTEF has been researching on second- and third-generation biofuels that can be used as aviation biofuels.

What's your takeaway?

Technavio's industry research report titled, - Renewable Energy-Based Commercial Aviation Market in Scandinavia, will help you-

• Identify latent opportunities and explorative solutions in the renewable energy-based commercial aviation market in Scandinavia
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive analysis and key vendors

The renewable energy-based commercial aviation market in Scandinavia is categorized by the presence of many regional and national players. The vendor competition is based on cost, product quality, reliability, and aftermarket service. Moreover, it is imperative for the vendors to offer cost-effective and high-quality alternative sources of energy generation to sustain and succeed in the aviation industry.

Key vendors in the market are:

• Equator Aircraft Norway
• Gaia Solar
• Serenergy
• SkyNRG
• SWEDISH BIOFUELS

Segmentation by type and analysis of the renewable energy-based commercial aviation market in Scandinavia

• Aviation biofuel market in Scandinavia
• Airport solar PV systems market in Scandinavia

During 2016, the aviation biofuel market dominated the type of renewable energy source in renewable energy-based commercial aviation market in Scandinavia and is expected to continue its dominance over the next four years. The directives and policies to lessen carbon footprint issued by the European Commission also drives the growth of the segment.

Segmentation by country and analysis of the renewable energy-based commercial aviation market in Scandinavia

• Norway
• Sweden
• Denmark

As per this market research report, Norway led the renewable energy-based commercial aviation market in Scandinavia during 2016 and is anticipated to continue the dominion during the forecast period.  The main contributor to the growth of the market in Norway is the demand for short-haul travel and greater importance to adopt energy solutions to battle climate changes.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the renewable energy-based commercial aviation market in Scandinavia?
• What are the key market trends impacting the growth of the renewable energy-based commercial aviation market in Scandinavia?
• What are the challenges to market growth?
• Who are the key vendors in the renewable energy-based commercial aviation market in Scandinavia?
• What are the market opportunities and threats faced by the vendors in the renewable energy-based commercial aviation market in Scandinavia?
• Trending factors influencing the renewable energy-based commercial aviation market in Scandinavia.
• What are the key outcomes of the five forces analysis of the renewable energy-based commercial aviation market in Scandinavia?

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