Global Wood Pellets Market was valued at USD 6,260.1 million in 2014 and is anticipated to reach USD 20,073.1 million by 2023, expanding at a CAGR of 14.1% between 2015 and 2023
Transparency Market Research, in a report titled “Wood Pellets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the value of the global wood pellets market is projected to rise from US$6.2 bn in 2014 to US$20 bn in 2023. If these values hold true, the report states that the market will register a 14.10% CAGR therein.
Sample Report: www.transparencymarketresearch.com…S&rep_id=4934
The report, with the help of the Porter’s five forces model, sheds light on the wood pellets industry chain. It evaluates the bargaining power of buyers and suppliers, the threat of substitutes and new entrants, and the rivalry among key competitors.
On the flip side, the release of flue gas during the storage of wood pellets is anticipated to hamper the development of the global market.
On the basis of application, the wood pellets market is bifurcated into heating and power plants. Accounting for a massive 70% share in 2014, the heating application segment led the overall market in terms of revenue and is anticipated to retain its lead throughout the forecast period.
Wood pellets are used for district, industrial, and residential heating. In 2014, power plants used almost 800,000 tons of wood pellets.The global wood pellets market is segmented on the basis of geography into Europe, Asia Pacific, North America, Central and South America, and the Middle East and Africa.
Led by the UK, Europe held the largest share in the overall wood pellets market in 2014. The market in this region is fueled by the significant support from the government in the form of incentives for the generation of green energy.
Strict emission norms have also propelled the North America wood pellets market. The international trade of wood pellets is strongly driven by the high energy density of wood pellets and their easy availability in the developed markets of Europe and North America.
Request to download and view full ToC @ www.transparencymarketresearch.com…&rep_id=4934
Enviva LP, Wood Pellet Energy (UK) LTD., The Westervelt Company, Allance Pellet Machinery, Rentech, Inc., F.E. Wood & Sons, Enito Singpellet Pte Ltd, Pinnacle Renewable Energy Group, Andritz AG, German Pellets GmbH, Drax Group plc, Georgia Biomass, LLC, and Energex are some of the notable participants within the global wood pellets market.
These players are profiled in the research report based on attributes such as company overview, business strategies, financial performance, and recent developments.
View Report @ www.transparencymarketresearch.com…ellet-market.html
Category: Market Research Publishers and RetailersCompany profile: TMR provides a range of marketing and business research solutions designed for your specific needs. From off-the-shelf syndicated business And market research to made-to-order custom research, we serve our clients to fulfill their immediate as well as ongoing research requirements. We specialize in the following areas: Syndicated Research Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverage ...
For more information:Make an Inquiry about this report HERE!