San Francisco, 07 February, Wood Pellets Market Size, Share &
Trends Analysis Report By Application (Power Plants, Residential Heating,
Commercial Heating, CHP Heating), By Region (APAC, Europe, MEA), And Segment
Forecasts, 2019 - 2025.
The global wood pellet market size is projected to
reach USD 15.47 billion by 2025 expanding at 9.2% CAGR, according to a new
report by Grand View Research, Inc. The product is obtained by recycling the
timber and forest residues into clean, renewable biomass fuel. Increased
government spending on renewable energy for power generation is expected to
stimulate market development. Rising demand for cleaner and renewable sources
for power generation owing to instability in fossil fuel prices is also
expected to propel the product demand.
Moreover, wood pellets help
reduce the Greenhouse Gas (GHG) and carbon emissions, which is likely to
augment their usage; thereby boosting market growth. On the other hand,
increasing integration among timber industries towards pelletization is likely
to be a major concern for the manufacturers over the forecast period. However,
several policies and agreements, such as the Kyoto Protocol, the Paris
Agreement of COP21, and the American Clean Energy and Security Act, are
estimated to drive the product demand. In addition, increasing R&D
activities to develop innovative manufacturing procedures for wood pellets are
projected to have a positive impact on the market growth.
Access Full Research
Report On Wood Pellets
Market Analysis:
https://www.grandviewresearch.com/industry-analysis/wood-pellets-market
https://www.grandviewresearch.com/industry-analysis/wood-pellets-market
Further key findings from the study suggest:
·
Power plants accounted for
34.1% of the total revenue share in 2017 owing to the utilization of wood
pellets in providing heat for electricity generation by direct firing or
co-firing with coal in these plants due to its ability to undergo complete
combustion
·
The consumption of the product
in residential heating is expected to expand at a CAGR of 9.5% from 2018 to
2025 on account of the simple pellet heating technology coupled with minimum
operation and maintenance requirements
·
The industry in Asia Pacific is
expected to register high growth owing to rising product demand in power plants
applications as a result of increased awareness for electricity generation
through renewable sources
·
Europe region also accounted
for a significant market share in 2017 on account of high product penetration
in residential heating coupled with increased awareness regarding GHG emission
·
Major companies in the global
wood pellets market focus on R&R for the development newer manufacturing
technologies and integration across the stages of value chain to gain a
competitive edge over others
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the
global wood pellet market on the basis of application and region:
Wood Pellet Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Power Plants
·
Residential Heating
·
Commercial Heating
·
Combined Heat and Power (CHP)
Wood Pellet Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Egypt
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-wood-pellets-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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