Press release
Divine: How Covid-19 impact decided the future of Wood Pellets Market
Wood Pellets Market
The global wood pellets market is expected to generate a revenue of $18160 million at a CAGR of 9.80% during the forecast period.
Regional Analysis
North America is estimated to raise the highest market share during the projected period. The implementation of many stiff emission standard regulations in this region is the major factor behind the growth. On the flip side, Europe will be the fastest growing region because of the increased usage of wood pellets in producing electrical energy.
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Key Segments of the Industry
The report divides the market into different segments based on grade, applications, end-users, and regional outlook.
• By grade, the premium grade will generate the highest revenue. It has major beneficial factors such as small ash content (about 1%), low humidity content (about 8%), and very poor fines relative to other classes.
• By application, residential sector will be the most profitable because increased importance of renewable energies to reduce carbon emissions.
• By end-user, industrial sector will be the fastest growing. This is because the wood pellets are extremely dense and can be generated with a low moisture content that helps them to burn with a very high efficiency of combustion.
Market Dynamics
Rising awareness regarding the usage of renewable energy sources for power generation along with increasing wood pellet combustion is likely to increase demand for the global wood pellets market in the forecast period.
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Government certification is a valuable way to ensure the customers that the wood pellets are made from renewable sources. Higher certification criteria are a key limiting factor for manufacturers especially when it comes to exporting wood pellets to foreign countries.
Compared to other greenhouse gases and fossil fuels, wood pellets emit lower carbon levels is going to create major opportunities for the market in upcoming years.
Leading players of the market
1 Wood Pellet Energy LTD
2 Energex, Rentech Inc.
3 Pinnacle Renewable Energy Inc.
4 The Westervelt Company Inc.
5 Alliance Pellet Machinery
6 Georgia Biomass LLC
7 German Pellets GmbH
8 F.E. Wood & Sons
9 Enviva
The report also summarizes other important aspects including financial performance, product portfolio, SWOT analysis, and recent strategic moves and developments of the leading players.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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