Wood Pellets Market Segment Forecasts up to 2023

The global wood pellets market was valued at USD 6,260.1 million in 2014 and is anticipated to reach USD 20,073.1 million by 2023, expanding at a CAGR of 14.1% between 2015 and 2023.

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

Wood pellets production has increased substantially in the past few years, owing to the stringent emission norms in Europe and North America. High energy density and easy availability are some of the advantages of wood pellets that facilitate their international trade. Efforts to increase the use of renewable technologies for both heat and power generation are expected to provide a major boost to the wood pellets market. Government support in countries such as the U.K., Sweden, China, and South Korea is expected to foster additional growth in the wood pellets market.

Efforts by wood pellets manufacturing companies and public institutions to remove existing growth barriers are expected to be scaled up in the near future. This would induce substantial growth in the wood pellets market in certain regions such as Europe. Furthermore, targets set by the European member states to reduce carbon emissions and build a low carbon economy are anticipated to augment the wood pellets market in Europe. Use of wood pellets as an energy source can provide numerous energy, economic, employment, and environmental benefits.

The heating application segment dominated the wood pellets market in 2014. The segment is expected to continue to dominate the market during the forecast period. The wood pellets market is established successfully, owing to the various incentives, such as feed-in tariffs, renewable portfolio standards, capital grants, and green certificate trading, provided for biomass-fired heat and power generation. According to current estimates, heating was the largest application segment of the wood pellets market, accounting for nearly 70% share in 2014.

Request for Free sample report http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4934

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 Press Release Of Wood Pellets Market www.transparencymarketresearch.com/pressrelease/wood-pellet-market.htm

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/

Visit : http://researcherville.blogspot.in/