According to a new report published by Allied Market Research, titled, “Wood Pellet Fuel Market by Feedstock (Forest Wood & Waste, Agriculture Residue, and Others), Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers), and Application (Industrial Pellet for CHP/District Heating, Industrial Pellet for Co-firing, Pellet for Heating Residential & Commercial, and Others) – Global Opportunity Analysis and Industry Forecast, 2020-2027″ The Wood Pellet Fuel market is expected to grow at significant pace during forecast period of 2020 – 2027.
The key players operating in the global industry include Andritz AG, Energex, Rentech Inc., The Westervelt Company, Enito Singpellet Pte Ltd., F.E. Wood & Sons, Rentech Inc., Allance Pellet Machinery, Enviva LP, Wood Pellet Energy Ltd., Pinnacle Renewable Energy Group.
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Wood pellet fuels are biofuels made from compressed organic matter or biomass such as forest wood & waste, agriculture residue, energy crops, and other food waste. These have emerged as a promising renewable energy source, replacing coal and natural gas in various industrial sectors, owing to their low cost and reduced carbon emission.
In the electricity generation sector, they are co-fired in coal-based power plants to reduce carbon emission. Moreover, for residential heating, they are widely used in automatic stoves and boilers.
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The report has offered an all-inclusive analysis of the global Wood Pellet Fuel Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends.
The report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
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- The report provides a qualitative and quantitative analysis of the current Wood Pellet Fuel Market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market report also provides an understanding of the current position of the market players active in the wood Pellet Fuel industry.
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