Zion Research has published a new report titled “Global Biomass Pellets Market for Residential and Industrial applications: Global
Market Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.”
According to the report, global biomass pellets was valued at USD 4.52
billion in 2014 and is forecast to reach USD 8.34 billion in 2020,
growing at a CAGR of 10.9% between 2015 and 2020.
Biomass pellets are mainly used as a heating fuel. The use of biomass
pellets for heating and as a source of fuel has increased extremely
during recent years. Use of biomass pellets in different residential and
industrial applications such as pellet stoves or boilers over old-style
wood-fired equipment has been increase significantly over the past few
years. Biomass pellets are normally obtained from various sources
including the timber industry, sawdust, sugarcane crop, woody plants,
and switch grass etc. The use of biomass pellets is increased in power
generation. It is ideally used as a substitute for materials used as a
source of fuel for heating and power generation purposes.
Browse the full "Global Biomass Pellets Market for
Residential and Industrial applications: Global Market Perspective,
Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/global-biomass-pellets-market-for-residential-and-industrial-35999
The global biomass pellets market can be classified into two
application segments such as residential applications and industrial
applications. The global biomass pellet market was led by the industrial
application, accounting for a largest share of over 55% in 2014.
However, residential segment is expected to witness rapid growth rate
compared to industrial segment through forecast period.
Renewable energy such as solar and wind power are only available for
certain periods of the month. Biomass is the only renewable energy
source that is independent on the weather and is available all over the
period of power generation. This has been resulted into growing demand
for biomass pellets market across the globe. Consistent energy supply is
the growing demand of increasing population. Energy extracted from
biomass is available continuously and it is not get affected by the
weather conditions and other external factors as a renewable energy.
Global biomass pellets was dominated by the EMEA region with a share of over 42% of total market in 2014. The biomass pellets market
in EMEA region is expected to grow at a rapid pace during the forecast
period. The EMEA region is followed by the Americas and Asia Pacific
respectively. Brazil and the U.S. has been the major biomass pellet
producing countries in America and have huge installed capacity of
biomass power plants. Asia Pacific is expected to be the fastest growing
market for biomass pallets during the forecast period. However, Asia
Pacific is expected to exhibit fastest growth in during the forecast
period.
Global biomass pellets market is highly competitive, with the
presence of well-established global vendors. Energex Corporation, Forest
Energy Corporation, Helius Energy, New England Wood Pellet, and
Woodstone are the key vendors in the market.
This report segments the global market as follows:
Global Biomass Pellets Market: Application Segment Analysis
- Residential
- Industrial
Global Biomass Pellets Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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