Wood Pellets Market to Cross US$ 20 Billion by 2023
The wood pellets market is expected to exceed more than US$ 20.0 Billion by 2023 growing at a CAGR of more than 14% in the given forecast period 2016 to 2023.
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Wood pellets are a form of biomass fuel produced from wood waste products, sawdust, industrial byproducts and forestry wastes. The virgin trees are specially grown for producing pellets. The shape of wood pellets is cylindrical in shape and having diameter between 6-12m.m and length is 1-3c.m. After manufacturing of wood pellets it should be used as fuel for commercial building, homes or in power plants. Wood pellets are dry, easy to store and hydraulic rate of wood pellets is stable as compare to other biomass fuel. It has high energy density so it can be transported long distance at once. Wood pellets is burnt it generates very small amount of carbon dioxide that is CO2 so this fuel broadly standardized as more eco friendly fuels.
The major driving factors of wood pellets market are as follows:
Government rules and contract
Financial inducement by centralized agencies
Long term supply
Low price of wood pellets
The restraints factors of wood pellets market are as follows:
Flue Gas Release during Storage of Wood Pellets
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The wood pellets market is segmented on the lines of its application and regional. Under application segmentation wood pellets market covers power plants and heating. The wood pellet market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for wood pellets and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.
3) Identifications of new market opportunities and targeted promotional plans for wood pellets
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Andritz AG, Drax Group plc, Enito Singpellet Pte Ltd, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) LTD.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Wood Pellets Market has been segmented as below:
By Application Analysis
By Regional Analysis
Rest of the World
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