Wood Pellets Market Segment Forecasts up to 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.

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. The report also analyzes the value chain of the wood pellets market.The global wood pellets market is fueled by the rise in financial incentives provided by various federal agencies, the presence of favorable government agreements and policies, and the low cost and long-term supply of wood pellets. The fact that wood pellets offer an environmental advantage over conventional fuels also presents lucrative opportunities for players within the market. 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.

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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.

Global Wood Pellets Market, by Application

• Power Plants
• Heating

Global Wood Pellets Market, by Region

North America

• U.S.
• Canada

Europe

• U.K.
• Italy
• Sweden
• Denmark
• Germany
• Rest of Europe

Asia Pacific

• China
• Japan
• South Korea
• Rest of Asia Pacific

Middle East and Africa (MEA)

• South Africa
• Rest of MEA

Central and South America (CSA)

• Brazil
• Rest of CSA

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Wood Pellets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global wood pellets market was worth US$6.2 bn in 2014. Due to increasing concerns about the utilization of non-renewable energy sources causing deterioration of the environment, alternative energy sources are sought. Wood pellets have proven to be a stellar substitute for fossil fuels and have helped curb greenhouse gas emissions considerably. The lower cost of wood pellets than other conventional fuels adds to the advantages of the utilization of the commodity for power and heat generation purposes.

Browse Full Global Wood Pellets Market Report With Complete TOC @ http://www.transparencymarketresearch.com/wood-pellet-market.html

The high usability of wood pellets related to conservation of the environment will lead the wood pellets market to be valued at US$20 bn by 2023, expanding at a CAGR of 14.10% from 2015.

Heating Application Segment to Dominate Global Wood Pellets Market

The global market for wood pellets is divided on the basis of application and geography. By application, power plants and heating are the two segments of the market. Of the two, it is the heating application segment that dominated the wood pellets market in 2014, accounting for 70% of the market. In the coming years as well, the heating application segment will dominate the overall market for wood pellets.

In 2014, power plants consumed almost 800,000 tons of wood pellets across the world. For heating purposes, the industrial and district heating wood pellet grade varies from the one used for residential heating. The combustion technology and logistic facilities largely determine if the wood pellet is suitable for district and industrial heating, the pellets for which are traded globally. On the other hand, wood pellets to be used for residential heating are usually traded regionally.

Governmental Support Encourages Utilization of Wood Pellets in Europe

The regional segments of the global market for wood pellets are North America, Asia Pacific, Central and South America, Europe, and the Middle East and Africa. In North America and Europe, the production of wood pellets has been on the rise in the past few years. This is due to the stringent regulatory mandates pertaining to environmental emissions that have necessitated the usage of alternative sources for heating and power generation needs.

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In 2014, Europe, led by the U.K., dominated the global wood pellets market. In the U.K., governmental subsidies and institutional support for the use of green energy generation are proliferating the use of wood pellets for heating and power generation needs. Thus, the wood pellets market is benefitted by fitting the mandates of the EU Climate Action Plan for renewable energy sources.

The easy availability and high energy density of wood pellets are some of the advantages that encourage international trade of the commodity. For these reasons, the U.S. and Canada stood as major exporters of wood pellets in 2014. In the coming years, Russia and some countries in South America and Asia Pacific are slated to be among the leading exporters of wood pellets.

Some of the major companies that operate in the global market for wood pellets are Andritz AG, F.E. Wood and Sons, The Westervelt Company, Drax Group plc., German Pellets GmbH, Enito Singpellet Pte Ltd., Georgia Biomass LLC, Rentech Inc., Enviva LP, Allance Pellet Machinery, and Wood Pellet Energy (UK) Ltd.

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Global Wood Pellets Market to Reach US$20 bn by 2023, Driven by Increasing Demand from Power Plants

The global wood pellets market is expected to expand at a 14.10% CAGR during the period from 2015 to 2023. The report, titled ‘Wood Pellets Market, by Application - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023’, states that the global wood pellets market was valued at US$6.2 bn in 2014 and is predicted to be valued at US$20 bn by 2023. Increase in use of wood pellets in power plants and heating plants will enable rapid development of the global wood pellets market during the forecast period.

In-depth research report on Wood Pellets Market with Full TOC at : http://www.transparencymarketresearch.com/wood-pellet-market.html

The global wood pellets market is segmented on the basis of geography and application. Based on geography, the global wood pellets market is divided into regions such as Asia Pacific, Europe, North America, the Middle East and Africa, and Central and South America. Over the past few years, there has been an increase in the production of wood pellets owing to the legislation of strict emission norms in regions such as North America and Europe. Easy availability and high energy density promotes heavy international trade of wood pellets across the globe.

Prominent companies in the global power generation scenario are taking efforts to increase the usage of renewable technologies for power and heat generation. This is expected to drive the global wood pellets market during the forecast period. It is predicted that there will be significant growth of the wood pellets market in some areas in the European region in the coming few years. Some of the leading players in the global wood pellets market are Andritz AG, Enito Singpellet Pte Ltd, F. E. Wood and Sons, Georgia Biomass, LLC, The Westervelt Company, Rentech, Inc., Drax Group plc, Enviva LP, Germen Pellets GmbH, Allance Pellet Machinery, Pinnacle Renewable Energy Group, and Wood Pellet Energy (UK) Ltd.

Wood pellets, as a source of energy, provide various economic, environmental, and employment benefits. By application, the global wood pellets market is divided into heating and power plants. The heating application segment comprises residential and district heating. Primarily, wood pellets are employed for heat and power generation. Power plants consumed nearly 800,000 tons of wood pellets in 2014. Wood pellets for industrial and district heating are traded globally, with most of the exports coming from countries such as South Africa, Australia, the U.S., and Canada. Wood pellets that are meant for residential heating are generally traded regionally. Prominent players in the global wood pellets market introduce wood pellets as per residential and industrial requirements.

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The global wood pellets market was dominated by the heating application segment in 2014, with a 70% market share. The segment will continue to dominate the global wood pellets market during the period between 2015 and 2023. Factors such as renewable portfolio standards, green certificate trading, feed-in tariffs, and capital grants will enable rapid growth of the global wood pellets market during the forecast period. Efforts taken by public institutions and wood pellet manufacturing firms to remove growth barriers will also boost the global wood pellets market.

Key segments of The Global Wood Pellets Market

Global Wood Pellets Market: Application Segment Analysis

Power Plants

Heating

Global Wood Pellets Market: Regional Segment Analysis

North America

U.S.
Canada

Europe

U.K.

Italy

Sweden

Denmark

Germany

Rest of Europe

Asia Pacific

China

Japan

South Korea

Rest of Asia Pacific

Middle East and Africa (MEA)

South Africa

Rest of MEA

Central and South America (CSA)

Brazil

Rest of CSA

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Wood Pellets Market - Global Industry Analysis, Size, Share, Forecasts up to 2023

The research study is designed to analyze the global wood pellets market. The market is calculated in terms of volume (Million Tons) and revenue (USD Million) based on the consumption of wood pellets. The market for wood pellets has been segmented on the basis of application and geography. The global wood pellets market, based on application, has been segmented into power plants and heating.

Browse Wood Pellets Market Report with Full TOC at http://www.transparencymarketresearch.com/wood-pellet-market.html

The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa, and Central and South America. These regional segments are further divided into country-wise sub-segments. The report provides a detailed growth forecast for the 2015-2023 period, considering 2014 as the base year. Projections have been provided for both volume (Million Tons) and revenue (USD Million), considering the consumption of wood pellets.

The report includes the key market dynamics affecting the demand for wood pellets. As a part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global wood pellets market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global wood pellets market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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The study also includes the value chain of the global wood pellets market which provides a glimpse of key suppliers, manufacturers, distribution channel as well as interaction of suppliers and buyers with end-users. The market attractiveness analysis involves benchmarking and ranking each application and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each application in the current scenario as well as in the near future.

Key participants in the global 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, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) LTD. The report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

The global wood pellets market has been segmented as follows:

Global Wood Pellets Market: Application Segment Analysis

• Power Plants
• Heating

Global Wood Pellets Market: Regional Segment Analysis

North America

• U.S.
• Canada

Europe

• U.K.
• Italy
• Sweden
• Denmark
• Germany
• Rest of Europe

Asia Pacific

• China
• Japan
• South Korea
• Rest of Asia Pacific

Middle East and Africa (MEA)

• South Africa
• Rest of MEA

Central and South America (CSA)

• Brazil
• Rest of CSA

Browse TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr.Nachiket

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Web: http://www.transparencymarketresearch.com/

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Market for Wood Pellets Expected to Boom Owing to Their Use as an Alternative to Fossil Fuel

The production of wood pellets has seen a spike in recent years, thanks to their attributes such as high energy density and ease of production/supply. These qualities of wood pellets have gained significance in the backdrop of tighter emission control norms. Based on these trends, it is expected that the global wood pellets market will rise at a remarkable 14.1% CAGR between 2015 and 2023, by which year the market is expected to touch a value of US$20,073.1 million. Governments and environmental regulation agencies have stressed on the use of wood pellets as a means to cut back on the high degree of dependence on fossil fuel, especially coal.

Browse Wood Pellets Market Report with Full TOC at http://www.transparencymarketresearch.com/wood-pellet-market.html

Thus, it is easy to see why nearly every stakeholder across the value chain of the global wood pellet market will benefit from the impending boom in the market.

Canada and U.S. Top Global Wood Pellet Exports

As things stood in 2014, Canada and the United States were the largest wood pellet exporters in the world. In both these countries, wood pellet production has been encouraged because of two key reasons:

• Wood pellets are regarded as a sustainable alternative to fossil fuels, helping them gain the stamp of approval from regulatory agencies. Because wood pellets are an affordable, carbon-neutral and easily-available biofuel, several industries have been quick to adopt them.
• They are made from raw material that would otherwise find little use in other applications. From bark to saw dust to wood shavings, a variety of superfluous materials go into the production of wood pellets.

It is because of these above-mentioned factors that the global wood pellets market will see robust growth.

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Regional Subsidies Provide an Impetus to Global Wood Pellet Market

As wood pellets are widely regarded as a carbon-neutral fuel and energy source, environmental agencies are formulating policies that encourage the use of pellet fuel. Subsidies have been the most effective way to attract the attention of industrial players and prompt them to replace fossil fuel with wood pellets. This has caused the demand for wood pellets to swing upward – it will continue to show this upward trend for the next few years, expect market analysts.

Europe, which is a region that lays great emphasis on green industrial policies, was the largest wood pellet market in the world as of 2014. The United Kingdom, with a slew of initiatives encouraging the uptake of wood pellets, was the largest wood pellet market within Europe. Germany is yet another large market for wood pellets – the country produced an estimated 980,000 tons of the fuel source in 2015 (H1), says IHB, a network for professionals in the German timber market. Likewise, stringent emission norms enforced in most states in the United States create a conducive environment for the growth of the wood pellet market here.

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Demand for Wood Pellets in Heating Applications to Remain Highest

The use of pellet fuel is primarily seen in power generation and in heating applications. Market analysts expect that heating, which was the predominant application of wood pellets in 2014, will remain the largest in the global market until early next decade. Existing and anticipated incentive packages will continue to fuel the growth of the global wood pellets market; however, the key drawback that the global market will have to contend with is the release of flue gases during the storage their storage.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Browse TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy

Contact

Mr.Nachiket

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

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