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Global Biomass Pellets Market: Growing Acceptance for Nonconventional or Other Sources of Energy Will Boost The Growth of Market
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Increasing global warming to drive the global biomass pellets industry
The global biomass pellets market trends are increasing global warming, fast exhaustion of fossil fuels, growing acceptance for nonconventional or other sources of energy, and rising disposable income. High price of raw materials & extraction process may hamper the market growth. Furthermore, use of biomass pellets materials for power generation would provide an opportunity for market players of biomass pellets market.
Market Segmentations
The global biomass pellets market is classified into application, and geography. Application segment includes heating sector, and power sector. North America (U.S., Mexico, and Canada), Europe (Sweden, Germany, UK, France, Denmark, Italy, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in the global biomass pellets market.
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Heating sector, by application, is estimated to dominated the global market in 2016
Heating sector held for the highest market share in 2016, and expected to continue its dominance during the forecast period, 2016 – 2024, due to low greenhouse gas emission and numerous governmental rules which have encouraged the industries to adopt biomass pellets as a heating fuel.
Europe is estimated to dominated the global market over the forecast period
Europe dominated the global biomass pellets market with maximum market share in 2016, and anticipated to continue the same over the forecasted period, due to enhanced government initiatives for the adoption of renewable technologies, and the low greenhouse gas emissions in the region.
Competitive Landscape
The key market players of the market are New England Wood Pellet, Helius Energy, Forest Energy Corporation, Energex Corporation, Westervelt Renewable Energy, LLC, Forth Energy Ltd., International WoodFuels, LLC, Woodstone, MGT Power, and Drax Biomass Inc., among others.
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Scope of the Global Biomass Pellets Market
Application Segments
• Heating Sector
• Power Sector
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Sweden
o UK
o Denmark
o Italy
o France
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o Rest of Asia-Pacific
• RoW
o South America
o Middle East
o Africa
Related Topics
1. Global Energy Management System Market:- https://www.variantmarketresearch.com/report-categories/energy-mining/energy-management-system-market
2. Global Floating Solar Panels Market:- https://www.variantmarketresearch.com/report-categories/energy-mining/floating-solar-panels-market
3. Natural Gas Liquids (NGLs) Market:- https://www.variantmarketresearch.com/report-categories/energy-mining/natural-gas-liquids-market
4. Diesel Engine Market:- https://www.variantmarketresearch.com/report-categories/energy-mining/diesel-engine-market
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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