Published by news degree
Posted on August 3, 2021
The global Wood Pellets market is forecast to reach USD 17.16 Billion by 2027, according to a new report by Reports and Data. Wood pellets are renewable sources of energy, derived from sawdust, wood shaving, dry shavings, and others. These offer vital advantages such as cost efficiency and a low impact on the environment compared to traditional fuel sources. Wood pellets will be an excellent alternative to fossil fuels, especially coal, liquefied petroleum gas, natural gas, and others in the years to come, as they will significantly improve the efficiency of the system.
Favorable government policies of the European Union towards renewable energy sources should be a determining factor for the prospects for the wood pellet market in the coming years. Various government regimes, including tax credits, quotas, auction systems, and lower manufacturing and investment costs due to the expansion of production capacity were crucial factors for the deployment of renewable energy sources in the region.
Although wood pellets are receiving considerable attention in developed economies, the lack of awareness in emerging countries is likely to affect the growth of the wood pellet market in the years to come. The main reason behind this is the limited availability of production facilities in Latin America and the Middle East and Africa. These regions are still in the nascent stage and are expected to grow at a considerable rate throughout the study period. However, increased government efforts to promote the use of these products will create potential growth opportunities for growth in the region during the study period.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3275
The COVID-19 impact:
The COVID-19 pandemic is expected to have a slight downward impact on the global Wood Pellets market in 2020, the reason being the halt in the power plant, commercial heating, and CHP heating applications, which are responsible for the significant demand. After the pandemic, however, trends discussed in the study of the Global Wood Pellets Market do hold ground.
Also, supply chain disruptions and production shutdowns have resulted in a downgraded outlook for residential heating applications, which are a significant market. But, during most of the lockdown period, people remained indoors, the increase in consumption for heating purposes led to significant demand.
Key participants include:
Canfor, Schweighofer, Stora Enso, Drax Group Plc. Enviva LP, Pinnacle Renewable Energy Group, Pacific BioEnergy, Lignetics, Rentech Inc. and Svenska Cellulosa Aktiebolaget, among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3275
For the purpose of this report, Reports and Data have segmented into the global Wood Pellets market on the basis of Grade, Feedstock Type, Application, and Region:
Grade Outlook (Revenue, USD Billion; 2017-2027)
Feedstock Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3275
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-wood-pellets-market
The post Wood Pellets Market Size To Reach USD 17.16 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Wood Pellets market is forecast to reach USD 17.16 Billion by 2027, according to a new report by Reports and Data. Wood pellets are renewable sources of energy, derived from sawdust, wood shaving, dry shavings, and others. These offer vital advantages such as cost efficiency and a low impact on the environment compared to traditional fuel sources. Wood pellets will be an excellent alternative to fossil fuels, especially coal, liquefied petroleum gas, natural gas, and others in the years to come, as they will significantly improve the efficiency of the system.
Favorable government policies of the European Union towards renewable energy sources should be a determining factor for the prospects for the wood pellet market in the coming years. Various government regimes, including tax credits, quotas, auction systems, and lower manufacturing and investment costs due to the expansion of production capacity were crucial factors for the deployment of renewable energy sources in the region.
Although wood pellets are receiving considerable attention in developed economies, the lack of awareness in emerging countries is likely to affect the growth of the wood pellet market in the years to come. The main reason behind this is the limited availability of production facilities in Latin America and the Middle East and Africa. These regions are still in the nascent stage and are expected to grow at a considerable rate throughout the study period. However, increased government efforts to promote the use of these products will create potential growth opportunities for growth in the region during the study period.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3275
The COVID-19 impact:
The COVID-19 pandemic is expected to have a slight downward impact on the global Wood Pellets market in 2020, the reason being the halt in the power plant, commercial heating, and CHP heating applications, which are responsible for the significant demand. After the pandemic, however, trends discussed in the study of the Global Wood Pellets Market do hold ground.
Also, supply chain disruptions and production shutdowns have resulted in a downgraded outlook for residential heating applications, which are a significant market. But, during most of the lockdown period, people remained indoors, the increase in consumption for heating purposes led to significant demand.
Key participants include:
Canfor, Schweighofer, Stora Enso, Drax Group Plc. Enviva LP, Pinnacle Renewable Energy Group, Pacific BioEnergy, Lignetics, Rentech Inc. and Svenska Cellulosa Aktiebolaget, among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3275
For the purpose of this report, Reports and Data have segmented into the global Wood Pellets market on the basis of Grade, Feedstock Type, Application, and Region:
Grade Outlook (Revenue, USD Billion; 2017-2027)
Feedstock Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3275
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Ammonium Phosphate Market Size, Share, Trends & Analysis, Report By Type (Ammonium Polyphosphate, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate (MAP)), By Application (Fertilizers, Flame Retardant, Food & Beverage, Water Treatment Chemicals, Others), By Region, Competitive Strategies and Segment Forecasts for 2016-2026
Agricultural Chelates Market Size, Share & Analysis, By Type (EDTA, EDDHA, DTPA, IDHA, Others), By Application (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others), By Micronutrient Type (Iron, Manganese, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By End-Use (Agriculture, Indoor Farming), And By Region Forecast To 2028
Borosilicate Glass Market Size, Share & Analysis By Type (Non-Alkaline Earth, Alkaline Earth Containing, High-Borate), Byapplication (Heat-Resistant Glass Panels, Display Screens, Lighting Glass, Sealing Glasses, Neutral Glasses, Cosmetic Containers, Solar Glass, Glass Microspheres, Others), By Region, Segment Forecast To 2027
Acoustic Metamaterials Market By Type (Resonant Membrane, Periodic Resonators, Sonic Crystal), By Application Type (Seismic Wave Reflection, Vibration Control, And Others), And Region-Global Forecast To 2027
Gracilaria Agarose and Gelidium Agarose Market Size, Share & Analysis, By Type (Gracilaria Agarose, Wild Harvest, Aquaculture, Gelidium Agarose, Wild Harvest, Aquaculture), By Application (Agarose Gel Electrophoresis, Protein Purification, Food & Beverage, Cosmetic, Microbiology, Others), By Region Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-wood-pellets-market
The post Wood Pellets Market Size To Reach USD 17.16 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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