Global Biomass Pellets Market: Popular Trends And New Business Opportunities 2020
Deerfield Beach, FL -- (SBWIRE) -- 06/23/2017 -- Zion Market Research has published a new report titled "Global Biomass Pellets Market for Residential and Industrial applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2014 – 2020." According to the report, global biomass pellets was valued at USD 4.52 billion in 2014 and is forecast to reach USD 8.34 billion in 2020, growing at a CAGR of 10.9% between 2015 and 2020.
Biomass pellets are mainly used as a heating fuel. The use of biomass pellets for heating and as a source of fuel has increased extremely during recent years. Use of biomass pellets in different residential and industrial applications such as pellet stoves or boilers over old-style wood-fired equipment has been increase significantly over the past few years. Biomass pellets are normally obtained from various sources including the timber industry, sawdust, sugarcane crop, woody plants, and switch grass etc. The use of biomass pellets is increased in power generation. It is ideally used as a substitute for materials used as a source of fuel for heating and power generation purposes.
Request For Free Sample Report@ https://goo.gl/7hmREU
The global biomass pellets market can be classified into two application segments such as residential applications and industrial applications. The global biomass pellet market was led by the industrial application, accounting for a largest share of over 55% in 2014. However, residential segment is expected to witness rapid growth rate compared to industrial segment through forecast period.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=35999
Renewable energy such as solar and wind power are only available for certain periods of the month. Biomass is the only renewable energy source that is independent on the weather and is available all over the period of power generation. This has been resulted into growing demand for biomass pellets market across the globe. Consistent energy supply is the growing demand of increasing population. Energy extracted from biomass is available continuously and it is not get affected by the weather conditions and other external factors as a renewable energy.
Browse the full report at: http://www.marketresearchstore.com/report/global-biomass-pellets-market-for-residential-and-industrial-35999
Global biomass pellets was dominated by the EMEA region with a share of over 42% of total market in 2014. The biomass pellets market in EMEA region is expected to grow at a rapid pace during the forecast period. The EMEA region is followed by the Americas and Asia Pacific respectively. Brazil and the U.S. has been the major biomass pellet producing countries in America and have huge installed capacity of biomass power plants. Asia Pacific is expected to be the fastest growing market for biomass pallets during the forecast period. However, Asia Pacific is expected to exhibit fastest growth in during the forecast period.
Global biomass pellets market is highly competitive, with the presence of well-established global vendors. Energex Corporation, Forest Energy Corporation, Helius Energy, New England Wood Pellet, and Woodstone are the key vendors in the market.
This report segments the global market as follows:
Application Segment Analysis: Residential, Industrial
Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
Visit Our Blog: https://marketresearchstore2017.wordpress.com
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: 855-465-4651 (USA-CANADA)