Wood pellet fuel Market Sets New Record, Projected at USD 25.5 billion by 2032, at 7.6 % CAGR: AMR einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Summary Of The Report
The Industrial Wood Pellet Market report formulated at DECISIVE MARKETS INSIGHTS is the widely acclaimed visualization with a simple approach- creating an innovative solution built around present business. The idea behind bringing out this report is to introduce the corporate world to an innovative concept in management. This report is built on the finding based on the inputs from discipline-specific focus group, conversation, and surveys.
Key Companies Operating in this Market
Drax Biomass Inc., Rentech Inc, Enviva Partners LP, German Pellets GmbH, Vividis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Inc, Zilkha Biomass Energy, LLC, and Land Energy Girvan Limited. Tier-2 prominent players include Colombo Energy Inc, Premium Pellet Ltd, Agon Biomass, Pellet Power, Blue Sky Biomass, Bio Eneco Sdn Bhd, Schellinger & Co Mühlenwerke, Fram Renewable Fuels, and Snow Timber Pellets LLC.
reveals that by the end of 2027, close to 35% of global wood pellet sales will be accounted by their end-use in industrial pellet co-firing. In the report, titled “Wood Pellet Market: Global Market Analysis 2012–2016 and Forecast 2012–2027,” the market is expected to reach US$ 9,204.9 Mn by the end of 2017. The report further projects that global sales of wood pellets will soar at a CAGR of 8.7% to bring in over US$ 21,100 Mn by the end of 2027.
The report also reveals that in 2016, approximately 37.5 million tons of wood pellets were sold across the globe. Increasing investments in new technologies & pelleting machines, coupled with higher demand for wood pellets in electricity generation, are some of the prominent trends influencing the growth of global wood pellets market during the forecast period. Apart from industrial co-firing, the market is also expected to witness higher traction in end-use offerings such as use of pellets in residential & commercial heating and i