Global Biomass Pellets Market 2015-2019
About Biomass Pellets
Biomass pellets are normally used as a heating fuel. The use of biomass pellets for heating and as a power source has increased enormously during recent years with many households and industrial facilities using pellet stoves or boilers over old-style wood-fired equipment. These pellets are generally derived from various sources including the timber industry, sawdust, sugarcane crop, woody plants, and switch grass or miscanthus. Power generation using biomass pellets is seeing an increased use. Biomass is an ideal substitute for conventional fossil fuels for heating and power generation purposes. There are a number of technical options available to make use of biomass pellets as a renewable energy source. With biomass gaining importance as a renewable energy source, the Global Biomass Pellets market is also witnessing significant growth.
TechNavio's analysts forecast the Global Biomass Pellets market to grow at a CAGR of 11.0 percent over the period 2014-2019.
Covered in this Report
TechNavio's report, Global Biomass Pellets Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Biomass Pellets market landscape and its growth prospects in the coming years. The report also includes the segmentation of the Global Biomass Pellets market by end-user as well as geographical segmentation. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Biomass Pellets Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Biomass Pellets Market: Energex Corp., Forest Energy Corp., Helius Energy plc., New England Wood Pellet LLC and WoodFuels.
Other Prominent Vendors in the market are: Forth Energy, International WoodFuels and MGT Power
Commenting on the report, an analyst from TechNavio’s team said: “One key trend emerging in the market is increased focus on renewable technology for power generation. With increasing pollution and carbon emissions from fossil-based power generation there has been increased focus on adapting renewable energy technologies such as biomass, solar, wind, tidal, and geothermal energy for power generation.”
According to the report, one of the major drivers in this market is the low GHG emissions from biomass because biomass power plants use wood pellets for power and heat generation. The market is expected to witness significant growth driven by the benefit of using biomass.
Further, the report states that one of the major challenges in this market is the increased cost of biomass pellets. The global price of wood pellets stands at around US$330-430/metric tons, which is quite high compared to fossil fuels and other renewable energy fuel sources such as wind, tidal, and solar. In addition, the cost of setting up a pellet plant is quite high.
Energex Corporation , Forest Energy Corporation, Helius Energy , New England Wood Pellet, Woodstone, Forth Energy , International WoodFuels, MGT Power
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