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<strong>Global</strong> <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong> <strong>Anticipates</strong> a <strong>CAGR</strong> <strong>of</strong> <strong>15.4%</strong> <strong>from</strong> <strong>2015</strong> <strong>to</strong> <strong>2023</strong><br />
New York, April 03: <strong>Market</strong> Research Engine has published a new report titled as “<strong>Global</strong> <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong>, by<br />
Application (Power Plants and Heating) - <strong>Global</strong> Industry Analysis, Size, Share, Growth, Trends and Forecast <strong>2015</strong><br />
- <strong>2023</strong>”.<br />
The <strong>Wood</strong> <strong>Pellets</strong> market is envisioned <strong>to</strong> be worth USD 20 billion by <strong>2023</strong>. <strong>Wood</strong> pellets being carbon neutral are preferred over fossil fuels<br />
which have a detrimental effect on the environment.<br />
The <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong> is envisioned <strong>to</strong> be worth USD 20 billion by <strong>2023</strong> with the European Union <strong>to</strong> lead the consumption market.<br />
View the detailed report on "<strong>Global</strong> <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong> Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast <strong>2015</strong> -<br />
<strong>2023</strong> at: http://marketresearchengine.com/reportdetails/global-wood-pellets-market<br />
Owing <strong>to</strong> the environmental cost <strong>of</strong> fossil fuels, the demand for wood pellets as a sustainable source <strong>of</strong> energy is showing a surging trend under<br />
the forecast period. Moreover the stringent norms enforced by the Government <strong>of</strong> developed nations have also become a reason for the growth<br />
<strong>of</strong> this high combustion efficient fuel. Along with the above mentioned reasons, the properties <strong>of</strong> wood pellets - solid biomass, easy transport,<br />
easy s<strong>to</strong>rage, high energy density, affordable, among others has augmented this market very fast.<br />
Currently, wood pellets are mainly imported <strong>from</strong> the U.S., Canada, and Russia. Emerging wood pellet exporters are Australia, South Africa and<br />
countries in South America. A progressive estimate suggests that the annual demand for woody biomass could rise <strong>to</strong> 305 million <strong>to</strong>ns in 2020.<br />
On the basis <strong>of</strong> consumption Europe occupies a huge market while North America, leads as the largest producer for wood pellets. The double<br />
digit growth in the coming years is also foreseen by the current market players. The recent acquisition <strong>of</strong> Geneva <strong>Wood</strong> Fuels by Lignetics Inc. – a<br />
residential wood pellet manufacture – is seen by the industry as a futuristic move <strong>to</strong> expand its regional presence.<br />
<strong>Wood</strong> pellet are largely used for heating and power generation. Residential heating as well as industrial heating applications <strong>to</strong>gether forms the<br />
largest market for wood pellet. <strong>Wood</strong> pellet is being also promoted by the Government and other industrial regula<strong>to</strong>ry bodies.<br />
The report gives the complete market scenario covering current and future trends. The <strong>Global</strong> wood pellets market is segmented on the basis <strong>of</strong><br />
application in power plants and heating and geographically as North America, Europe, Asia Pacific, Middle East and Africa and Central and South<br />
America.
Browse Full Press Release: http://finance.yahoo.com/news/global-wood-pellets-market-anticipates-122100850.html<br />
The pr<strong>of</strong>iles <strong>of</strong> key players included in the report are, Eni<strong>to</strong>Singpellet Pte Ltd, Drax Group Plc, Andritz A, Enviva LP, German <strong>Pellets</strong> GmbH,<br />
Georgia Biomass LLC,F.E. <strong>Wood</strong> & Sons, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, RentechInc.,<br />
Energex, and <strong>Wood</strong> Pellet Energy Ltd. among many others.<br />
Segmentation's in the Report:<br />
<strong>Global</strong> <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong> by Application<br />
<br />
<br />
Power Plants<br />
Heating<br />
<strong>Global</strong> <strong>Wood</strong> <strong>Pellets</strong> <strong>Market</strong> by Geography<br />
<br />
<br />
<br />
<br />
<br />
North America<br />
Europe<br />
Asia Pacific<br />
Middle East and Africa<br />
Central and South America<br />
Company Pr<strong>of</strong>iles<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Eni<strong>to</strong>Singpellet Pte Ltd.<br />
Drax Group Plc.<br />
Andritz A<br />
Enviva LP<br />
F.E. <strong>Wood</strong> & Sons<br />
German <strong>Pellets</strong> GmbH<br />
Georgia Biomass LLC<br />
Allance Pellet Machinery<br />
The Westervelt Company
Pinnacle Renewable Energy Group<br />
Rentech Inc.<br />
<strong>Wood</strong> Pellet Energy Ltd.<br />
Energex<br />
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http://marketresearchengine.com/reportdetails/global-biochar-market<br />
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