Wood Pellets Market Worth Estimated USD 31 billion, at a Growing CAGR of ~11% till 2030 | Energex, Enviva, Graanul, Drax Biomass, Pinnacle, Sinclar, Lauzon, Wood Pellet Energy

Wood Pellets Market Share is expected to reach 31 billion at a driving CAGR of ~11% during the forecast period 2022 to 2030.

Wood Pellets Market Overview

The Wood Pellets Industry research 2022 provides an overview of the market niche, including the application, industrial framework, market definition, and classifications. The structural and design changes and the increasing trend of which is a result of the stringent government norms, are likely to create a significant demand for the market during the forecast period 2022-2030. The report published covers all the aspects of the Wood Pellets market starting from the industry's benchmarks, segments in which the industry operates, regional analysis and study of the competitors in the said industry domain.

The Wood Pellets market research concludes with a comprehensive competitive landscape covering market performance as well as market share to shed light on the top contenders listed in the market as well as the various strategies employed by these players to remain at the forefront.

Energex
Enviva LP
Graanul Invest
Drax Biomass
Pinnacle
Sinclar Group Forest Products
Lauzon
Wood Pellet Energy (UK) Ltd.
United Company
Highland Pellets LLC
Groupe Savoie Inc.
C.S. (Lacroix) Lumber Inc.
Vermont Wood Pellet Company
AVPGroup
Farm Fuels and Others.

Major Factors Analysis on listed Market Players,

Drivers
Restraints
Opportunities

Ask for a Sample Pages here: https://www.marketresearchfuture.com/wipsample_request/10044

Major Growth Drivers:

Increase in Demand for Renewable Energy across Globe
Change in Policies Related to Coal Fired Plant
Biomass Boiler Grants Support Investment in Systems
Rising Demand for Carbon Neutral and Sustainable Fuel Continues to Bolster Wood Pellets Market
Indian Stakeholders Maintain Optimum Quality in Pellets for Consistent Commercial Heating
Increasing Adoption of Power Boilers in Europe is Spurring Demand for Wood Pellets Services
Fire Damaged Trees Emerge as Alternate Source for Boosting Pellet Production
Brazilian Eucalyptus Wood Pellets Help Expand Business in International Markets
Latest Developments

The frequent tactical movements such as mergers & acquisitions, product developments & launches, and others by the prominent industry players support global industry development.

The United Kingdom's energy company Drax Group PLC announced the acquisition of Canada-based wood pellet producer Pinnacle Renewable Energy Inc. in February 2021. With the addition of Pinnacle's 11 sites, Drax will own 17 pellet plants and development projects.

In February 2020, An Viet Phat Energy Co. LTD. announced plans to build a US$ 51.6 Million timber processing factory in the Vung Ang economic zone in the Ky Anh Township of the central province of Ha Tinh in the north central coast of Vietnam. The annual production capacity of this plant is expected to be 187,200 tons.

In April 2021, Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui OSK Lines (MOL), a leading international marine transport group, signed a MoU agreement to develop and deploy an environmentally friendly bulk carrier.

It includes a thorough examination of recent market trends as well as market dynamics. The report's goal is to provide a complete market overview that includes each participant. The current and historical status of the market, as well as market trends and predicted market size have been emphasized, coupled with complicated data analysis written in simple language. The report also illuminates every industry component, as well as a complete analysis of leading players, which includes followers, market leaders, and new entrants.

Wood Pellets Market Segments:

By Application

Heating
Power Generation
CHP

By End-use

Residential
Commercial
Industrial
Regional Insight

Geographically, the market has been divided into the following regions: Latin America, Europe, Asia Pacific (APAC), the Middle East and Africa, and North America. North America accounted for the revenue of USD 0.19 billion in 2021 owing to the increasing residential demand from the U.S. To develop the report, extensive research was conducted, followed by a detailed study. Several elements, including technological, economic, environmental, and social status, have been considered. The report focuses on a comprehensive examination of leading manufacturers, key influencing factors, and the estimated revenue and output of each area.

What are the market factors that are covered in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the Wood Pellets market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The Wood Pellets Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

About Market Research Future®

Market Research Future is one of the leading market research companies in India that has a reputation for publishing top-notch reports on various market segments globally. 

(Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.

To know more, visit www.marketresearchfuture.com

This release was published on openPR.