Biomass Pellets Market to Progress at 10.9% CAGR from 2015 to 2020
Global Biomass Pellets Market for Residential and Industrial applications: Global Market Perspective, Comprehensive Analysis and Forecast 2014 - 2020
Deerfield Beach, FL -- (SBWire) -- 01/05/2016 --Zion 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.
Browse the full "Global Biomass Pellets Market for Residential and Industrial applications: Global Market Perspective, Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/global-biomass-pellets-market-for-residential-and-industrial-35999
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.
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.
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.
Get Sample research Report at http://www.marketresearchstore.com/report/global-biomass-pellets-market-for-residential-and-industrial-35999#RequestSample
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:
Global Biomass Pellets Market: Application Segment Analysis
Global Biomass Pellets Market: Regional Segment Analysis
Middle East and Africa
About Market Research Store
Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Market Research Store experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: 855-465-4651 (USA-CANADA)
Media Relations Contact
Corporate Sales Specialist
Market Research Store
View this press release online at: http://rwire.com/654173