Wood Pellets are obtained from the sawdust, dry chips, wood shaving and others. These are the renewable source of energy which is widely being used in the industrial and commercial purposes. Moreover, it provides numerous advantages such as low impact on the environment, and it can also be used as an alternative, which is one of the major aspects, which propel the growth of the market in the estimated forecasts period. In addition, increased demand for renewable energy is one of the major aspects for the growth of the market in the estimated forecast period.
Global Wood Pellets Market: Key Players
The research study includes profiles of leading companies operating in the global wood pellets market. Key players profiled in the report include: Drax Group Plc, INGPELLET Pte. Ltd., Enviva LP, Georgia Biomass, LLC, The Westervelt Company, Inc., Pinnacle Renewable Energy Inc., Energex, Wood Pellet Energy Ltd., United Company and Groupe Savoie Inc.
Drivers for the Global Wood Pellets Market:
The increasing awareness and easy availability of wood pellet fuel feedstock and low cost of production have led to its higher consumption in the industrial sector. In addition, increased prices of fossil fuels and natural gas also fuel the market growth. Moreover, increase in environmental concerns about the emissions of greenhouse gases is anticipated to propel the market growth during the forecast period.
Opportunities for the Global Wood Pellets Market:
Some of the factors such clean combustion of wood pellets contributes to its application in pellet stoves and pellet fireplaces along with the tax benefits and incentives associated with renewable energy and energy efficiency. This is one of the major attributes which boost the growth of the market for the estimated forecasts period.
Restrains for the Global Wood Pellets Market:
Some of the factors such as increased incidences of deforestation and increased regulations among several regions are also one of the major aspects which hamper the growth of the market. In addition, increased costs of the maintenance are also one of the major attributes which affects the growth of the market in the estimated forecasts period.
Region Wise, Global Wood Pellets Market Analysis:
North America anticipated having the largest share in the market. This can be attributed to the increased demand for outdoor kitchens and increased demand for the barbeque also contributes to the growth of the market. Moreover, increased demand for the wood pellets in industries also attributed to the growth of the market in the estimated forecast period.
Global Wood Pellets Market: Product Analysis
- Premium Grade
- Standard Grade
- Utility Grade
Global Wood Pellets Market: Application analysis
Global Wood Pellets Market: Region Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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