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Growing demand for electricity generation on account of growing population has been one of the major factors driving the Peat Market

01-27-2017 10:54 PM CET | Energy & Environment

Press release from: Transparency Market Research

Growing demand for electricity generation on account of growing

Peat, also known as turf, is an accumulation of organic matter or decayed vegetation that is found in natural areas such as mires or peatlands. Soils that contain significant amount of peat are referred to as a histosol. It is generally formed in wetland temperatures, where flooding slows down the rates of decomposition by obstructing the flow of oxygen from the atmosphere. Peat is harvested as a vital source of fuel in different regions of the world. Different types of peat materials such as sapric, hemic and fibric are majorly consumed in agriculture, freshwater aquaria, water filtration, and generating electricity.

The global market for peat has been witnessing noticeable growing owing to its reputation as a renewable source of energy, where the extraction rate has exceeded its slow re-growth rate in industrialized countries. Due to this, peat has been gaining significant importance in the fuel industry following which the UNFCCC, and other organizations affiliated with the UN have classified peat as important source of fuel.

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Growing demand for electricity generation on account of growing population has been one of the major factors driving the peat market. Growing industries of alcoholic beverages, water treatment and horticulture are also anticipated to contribute to the growth of the market. However, owing to its classification as a “slow renewable fuel” by the Intergovernmental Panel on Climate Change (IPCC) and many other manufacturers, peat industry is expected to experience a slowdown in the next few years.

Increasing popularity for bio-fuels and focus on development of bio-based peat products are expected to provide new opportunities for the growth of the market. North America and South America were some of the largest producers for peat, followed by Europe. Cocogreen, T & J Enterprises, Global Coirs, Global Peat Ltd., and SMSCOCO are some of the major peat manufacturer in the industry.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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