Wood Pellet Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
The global wood pellets market size is expected to reach USD 18.22 billion by 2027, exhibiting a revenue-based CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. Wood pellets can be used as an alternative for fossil fuels as they are eco-friendly, sustainable, and carbon neutral in nature. This factor is anticipated to drive the growth of the market. Rising demand from the power generation industry is likely to drive the market over the forecast period. In addition, increasing awareness regarding the use of renewable energ y sources for power generation coupled with the high combustion of wood pellet is likely to augment the demand for wood pellets over the forecast period. Rising concerns regarding global warming and climate change coupled with rising oil prices are expected to boost the demand for renewable energy. In addition, the increased government spending on the utilization of renewable energy for power generation is likely to augment the
demand for wood pellets over the forecast period.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/wood-pelletsmarket The market is characterized by the presence of large-scale manufacturers catering the global demand. The demand for wood pellet is high in developed economies including U.K., Germany, Netherlands, Italy, and U.S. owing to their increasing application for electricity generation in coal-fired power plants and domestic heating. Further key findings from the report suggest:
The power plants application segment is likely to register a CAGR of 7.4% in terms of revenue, over the forecast period
Residential heating application held the leading wood pellets market share of 46.1% in 2019 owing to simple pellet heating technology coupled with minimum operation and maintenance requirements Commercial heating is expected to be fastest growing application segment exhibiting a CAGR of 11.8% by revenue owing to increasing use of wood pellets for the heating of federal or municipal buildings, office buildings, educational facilities, and other commercial buildings Europe accounted for the market share of 85.9% in 2019, owing to the high consumption of the product in U.K., Italy, Germany, Denmark, Sweden, France, and Belgium Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby gaining greater market share
Grand View Research has segmented the global wood pellets market on the basis of application and region: Wood Pellets Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 2027) Power Plants
Residential Heating
Commercial Heating
Combined Heat and Power (CHP)
What questions do you have Get quick response from our industry experts @ https://www.grandviewresearch.com/request-free-consultation/5673/rfc
Wood Pellets Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) 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
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Wood Pellets Market Variables, Trends & Scope 3.1. Market Segmentation & Scope 3.2. Industry Value Chain Analysis 3.3. Raw Material Trends 3.3.1. Factors affecting the quality of wood pellets: 3.3.1.1. Moisture Content Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc
Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com