Stratview Research has published a new report on the Wood Pellet Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of Wood Pellet Market Key Manufacturers:
According to the report, the Wood Pellet Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
Stora Enso Oyj
Enviva Partners, LP
Pacific Bioenergy Corporation
Drax Group plc
AS Graanul Invest
Svenska Cellulosa AB
InstantHeat Wood Pellets, Inc.
Pinnacle Renewable Energy Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Wood Pellet Market value and growth drivers over the trend period of 2020-25. According to the report –
Wood pellet market is likely to witness an impressive CAGR of 10.5% during the forecast period. Increasing consciousness towards the use of renewable energy sources for space heating in residential and commercial heating, along with the increasing adoption of recyclable and eco-friendly energy sources for power generation are the prime factors that are contributing to the demand for wood pellets. The clean-burning and cost-effective fuel option for heating needs for households is another factor that is driving the demand for wood pellets.
Based on Application Type:
Based on the application type, the wood pellet market is segmented as residential, commercial, industrial, and animal bedding. The residential segment held the largest share of the market in 2019. Increasing consumption of wood pellets in North America and major European countries, owing to the growing initiatives to increase dependency on renewable energy sources for reducing carbon emission is the major factor behind the growth of the segment.
Based on Region:
In terms of regions, Europe is estimated to be the largest market during the forecast period, with France, Germany, Russia, and the United Kingdom being the major countries with promising growth opportunities. The growth of the region’s market is mainly driven by the growing initiatives towards replacement of coal-fired power plants with pellet-based power plants, along with the growing focus on renewable energy sources in the region to reduce carbon emissions.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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