03 Apr 2016 11:04:08
Global Wood Pellets Market Anticipates a CAGR of 15.4% from 2015 to 2023
New York, April 03: Market Research Engine has published a new report titled as “Global Wood Pellets Market, by Application (Power Plants and Heating) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”.
The Wood Pellets market is envisioned to be worth USD 20 billion by 2023. Wood pellets being carbon neutral are preferred over fossil fuels which have a detrimental effect on the environment.
View the detailed report on "Global Wood Pellets Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 at: http://marketresearchengine.com/reportdetails/global-wood-pellets-market
Owing to the environmental cost of fossil fuels, the demand for wood pellets as a sustainable source of energy is showing a surging trend under the forecast period. Moreover the stringent norms enforced by the Government of developed nations have also become a reason for the growth of this high combustion efficient fuel. Along with the above mentioned reasons, the properties of wood pellets - solid biomass, easy transport, easy storage, high energy density, affordable, among others has augmented this market very fast.
Currently, wood pellets are mainly imported from the U.S., Canada, and Russia. Emerging wood pellet exporters are Australia, South Africa and countries in South America. A progressive estimate suggests that the annual demand for woody biomass could rise to 305 million tons in 2020.
On the basis of consumption Europe occupies a huge market while North America, leads as the largest producer for wood pellets. The double digit growth in the coming years is also foreseen by the current market players. The recent acquisition of Geneva Wood Fuels by Lignetics Inc. – a residential wood pellet manufacture – is seen by the industry as a futuristic move to expand its regional presence.
Wood pellet are largely used for heating and power generation. Residential heating as well as industrial heating applications together forms the largest market for wood pellet. Wood pellet is being also promoted by the Government and other industrial regulatory bodies.
The report gives the complete market scenario covering current and future trends. The Global wood pellets market is segmented on the basis of application in power plants and heating and geographically as North America, Europe, Asia Pacific, Middle East and Africa and Central and South America.
Browse Full Press Release: http://finance.yahoo.com/news/global-wood-pellets-market-anticipates-122100850.html
The profiles of key players included in the report are, EnitoSingpellet Pte Ltd, Drax Group Plc, Andritz A, Enviva LP, German Pellets GmbH, Georgia Biomass LLC,F.E. Wood & Sons, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, RentechInc., Energex, and Wood Pellet Energy Ltd. among many others.
Segmentation's in the Report:
Global Wood Pellets Market by Application
• Power Plants
Global Wood Pellets Market by Geography
• North America
• Asia Pacific
• Middle East and Africa
• Central and South America
• EnitoSingpellet Pte Ltd.
• Drax Group Plc.
• Andritz A
• Enviva LP
• F.E. Wood & Sons
• German Pellets GmbH
• Georgia Biomass LLC
• Allance Pellet Machinery
• The Westervelt Company
• Pinnacle Renewable Energy Group
• Rentech Inc.
• Wood Pellet Energy Ltd.
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Global Biochar Market Research Report - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2021 http://marketresearchengine.com/reportdetails/global-biochar-market
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