Wood Pellets Market Size, Share, Analysis Report

Wood Pellets Market, by Application (Power Plants and Heating) - Global Industry Analysis, Trends and Forecast

The wood pellets market is expected to be around US$ 31 Billion by 2027 growing at a CAGR of more than 14% in the given forecast period 2022 to 2027.

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MARKET SNAPSHOT

Major Players

  • ABB Limited
  • Baker Hughes Incorporated
  • Aker Solutions ASA
  • Dril-Quip Inc
  • FMC Technologies Inc
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    14

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Wood pellets are a form of biomass fuel produced from wood waste products, sawdust, industrial byproducts and forestry wastes.  The virgin trees are specially grown for producing pellets. The shape of wood pellets is cylindrical in shape and having diameter between 6-12m.m and length is 1-3c.m. After manufacturing of wood pellets it should be used as fuel for commercial building, homes or in power plants. Wood pellets are dry, easy to store and hydraulic rate of wood pellets is stable as compare to other biomass fuel. It has high energy density so it can be transported long distance at once. Wood pellets is burnt it generates very small amount of carbon dioxide that is CO2 so this fuel broadly standardized as more eco friendly fuels.
     
    The wood pellets market is expected to be around US$ 31 Billion by 2027 growing at a CAGR of more than 14% in the given forecast period 2022 to 2027.
     
    The major driving factors of wood pellets market are as follows:

     
    Government rules and contract
    Financial inducement by centralized agencies
    Long term supply 
    Low price of wood pellets
     
    The restraining factors of wood pellets market are as follows:
     
    Flue Gas Release during Storage of Wood Pellets.
     
    The wood pellets market is segmented on the lines of its application and regional. Under application segmentation wood pellets market covers power plants and heating. The wood pellet market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries. 
     
    This report provides:
     
    1) An overview of the global market for wood pellets and related technologies.
    2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021 and projections of compound annual growth rates (CAGRs) through 2027.
    3) Identifications of new market opportunities and targeted promotional plans for wood pellets. 
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry. 
     
    REPORT SCOPE:
    The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include  Andritz AG, Drax Group plc, Enito Singpellet Pte Ltd, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) LTD.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments. 
     
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 
     
    The Wood Pellets Market has been segmented as below:  
     
    By Application Analysis

      Power Plants
      Heating
     
    By Regional Analysis

          North America
          Europe
          Asia-Pacific
          Rest of the World
     
    Reasons to Buy this Report: 
     
    1) Obtain the most up to date information available on all Wood Pellets Market globally.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
    4) Assess your competitor’s refining portfolio and its evolution. 
     
    Customization:
    We can offer you custom research reports as per client’s special requirements.

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    The Wood Pellets Market has been segmented as below:  
     
    By Application Analysis

      Power Plants
      Heating
     
    By Regional Analysis

          North America
          Europe
          Asia-Pacific
          Rest of the World

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    The market is expected to grow at a CAGR of 14% during the study period (2022-2027)
    The wood pellets market is expected to be around US$ 31 Billion by 2027
    The segment included in wood pellets market is Application and region.
    Some key players operating in the wood pellets market include Andritz AG, Drax Group plc, Enito Singpellet Pte Ltd, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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