Important: The Evolution and Recent Developments of the Wood Pellets Market
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Research Dive has published a new
report entitled “Global Wood Pellets
Market, by Grade (Premium, Standard, and Utility), Applications (Residential,
Commercial, Industrial, and Animal Bedding), End-Users (Industrial, Household,
Furniture, and Construction), and Regional Analysis (North America, Europe,
Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast,
2020–2025”
The global wood pellets market is expected to generate a revenue of
$18160 million at a CAGR of 9.80%
during the forecast period.
Regional
Analysis
North America is estimated to raise
the highest market share during the projected period. The implementation of
many stiff emission standard regulations in this region is the major factor
behind the growth. On the flip side, Europe will be the fastest growing region
because of the increased usage of wood pellets in producing electrical energy.
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Key
Segments of the Industry
The report divides the market into
different segments based on grade, applications, end-users, and regional
outlook.
·
By grade, the premium grade will
generate the highest revenue. It has major beneficial factors such as small ash
content (about 1%), low humidity content (about 8%), and very poor fines
relative to other classes.
·
By application, residential sector
will be the most profitable because increased importance of renewable energies
to reduce carbon emissions.
·
By end-user, industrial sector will
be the fastest growing. This is because the wood pellets are extremely dense
and can be generated with a low moisture content that helps them to burn with a
very high efficiency of combustion.
Market
Dynamics
Rising awareness regarding the usage
of renewable energy sources for power generation along with increasing wood
pellet combustion is likely to increase demand for the global wood pellets
market in the forecast period.
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Government certification is a valuable way to ensure the customers that the
wood pellets are made from renewable sources. Higher certification criteria are
a key limiting factor for manufacturers especially when it comes to exporting
wood pellets to foreign countries.
Compared to other greenhouse gases
and fossil fuels, wood pellets emit lower carbon levels is going to create
major opportunities for the market in upcoming years.
Leading
players of the market
The leading players of the market
include Alliance Pellet Machinery, Wood
Pellet Energy LTD, German Pellets GmbH, The Westervelt Company Inc., Energex,
Enviva, Rentech Inc., Pinnacle Renewable Energy Inc., Georgia Biomass LLC, F.E.
Wood & Sons, and many others.
The report also summarizes other important
aspects including financial performance, product portfolio, SWOT analysis, and
recent strategic moves and developments of the leading players.
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firm provides the services that are solely based on its exclusive data model,
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comprehensive and accurate analysis. With unprecedented access to several paid
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news releases, government publications, decades of trade data, and technical
& white papers, Research dive deliver the required services to its clients
well within the required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting threatening
hindrances. Complementarily, it also has a seamless collaboration with the
major industry aficionado that further offers its research an edge.
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