According to Stratistics MRC, the Global Wood Pellets Market is accounted for $8.88 billion in 2019 and is expected to reach $21.21 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors propelling the market growth include growing consciousness regarding the use of renewable energy sources for space heating in residential and commercial heating, rising financial incentives by several federal agencies, numerous favourable government policies, and the low cost of raw materials for making wood pellets. However, the high cost of a wood pellet stove is likely to hamper the market.
Request for a Free Sample Copy of Report at www.strategymrc.com/report/wood-pellets-market/request-sample
On the basis of geography, the demand for wood pellets in Asia Pacific is expected to witness a significant growth during the forecast period, due to the favorable government policies in Japan, China, and South Korea regarding power generation and CHP. Demand for renewable energy in the region is on the rise as the governments are seeking alternatives to fossil fuels in order to reduce carbon footprint and to ensure long term energy security. China is expected to be one of the key markets for wood pellets in the coming years. Rapidly growing population, insatiable demand for energy, rising pollution levels are some of the key factors that are expected to augment demand for wood pellets in China in the coming years.
Some of the key players in Wood Pellets Market include Vermont Wood Pellet Co., Pinnacle Renewable Energy Group, The Westervelt Company, Allance Pellet Machinery, INGPELLET Pte. Ltd., Enviva Holdings, LP, Enito Singpellet Pte Ltd, Groupe Savoie Inc., Wood Pellet Energy (UK) LTD, Energex Ltd., Rentech, Inc., Drax Group plc, Andritz AG., Premium Pellet Ltd., I.C.S. (Lacroix) Lumber Inc., Georgia Biomass, LLC, German Pellets GmbH, and F.E. Wood & Sons.
Feedstock Types Covered:
• Agricultural Residue and Waste
• Forest & Wood Waste Resources
• Other Feedstock Types
Types Covered:
• Wооd Chірѕ
• Wооd Lоgѕ
• Ѕаwduѕt
• Wооd Shаvіngѕ
Applications Covered:
• Pellet Boilers
• Pellet Stove Inserts
• Free-standing Pellet Stoves
Grades Covered:
• Standard
• Premium
• Utility
End Users Covered:
• Power Plants
• Combined Heat and Power (CHP)/District Heating
• Co-firing
• Industrial Furnace
• Power Generation
• Animal Bedding
• Thermal Energy (Heat Generation)
• Furniture
• Civil Use
• Feedstock (Biofuels)
• Other End Users
Products Covered:
• Black Pellet
• White Pellet
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
If Any Query? Ask Our Industry Expert at www.strategymrc.com/report/wood-pellets-market/request-customization
Explore the list of attractive markets during this time of Pandemic @ www.strategymrc.com/report-store/chemicals-industry-market-research
About Us:
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Contact Us:
Stratistics Market Research Consulting
Phone: +1-301-202-5929
Email: info@strategymrc.com
Website: www.strategymrc.com/
Twitter:twitter.com/StratisticsMRC
LinkedIn: www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile