Pellet Fuel Market - Global Industry Analysis Growth 2024

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Pellet Fuel Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Pellet Fuel Market: Overview
Increasing fossil fuel prices and environmental concerns have laid a direct implication on the pellet fuel market.
According to a recent article published in Biofuel, Bioproducts and Biorefining (Biofpr) (2009) the wood pellet
production in Europe was more than 10 million metric tons. The EU 2020 policy regarding the greenhouse gases
emission and use of renewable energy resources are likely to create a positive impact in the pellet fuel market.
Increasing natural gas and crude oil prices can serve as an important factor towards the use of pellet fuels. As per
the biomass magazine the demand for the pellet fuels are directly related to the natural gas prices.
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Pellet Fuel Market: Segmentation
Segmentation of the pellet fuel market can be done on the basis type of feedstock, grade, applications and location
of pellet fuel using countries. Pellet fuel is made with the help of compressed biomass. On the basis of the feedstock
pellet fuels can be classified as wood pellets, corn pellets, and grass pellets. Wood pellets are the most widely used
types of pellet fuels. Wood pellets are prepared by the compression of the left over or the recycled woods.
The Wood pellets are mainly available as standard grade and premium grade. Standard grade contains 3% ash
content and premium grade contain less than 1% ash content. Corn pellets are similar to wooden pellets in terms of
cost to heat production ratio. Although the technology for the development of the stoves to use grass pellets is still
in development phase, but there are many types of grasses that can be converted to pellet fuel. Some of the
grasses that can be used for the production of pellet fuel are reed canary grass, switch grass and miscanthus. Pellet
fuels are used in pellet stoves, pellet baskets and furnaces as a source of fuel.
Pellet Fuel Market: Region-wise Outlook
Geographical segmentation can be done on the basis of the location of pellet fuel consuming countries. Some of the
major pellet fuel consumer countries include the United States (North America), Germany, United Kingdom, Belgium,
Italy, Sweden, Denmark Austria, Netherlands and Russia (Europe), Australia, China, Japan and New Zealand (Asia
Pacific). In Belgium, Netherlands and United Kingdom the pellet fuels are mainly used as fuel for large scale power
plants. In Denmark and Sweden the pellet fuel is mainly used in the small scale power plants and residential heating
systems. As per the report published by the European Union, the United Kingdom (4540000 tons), Denmark
(2500000 tons) and Netherlands (2000000) tons are the three largest pellet fuel consumers in Europe.
Development of high efficiency pellet fuel stoves, low green house gas emissions, low cost of feedstock (corn, grass,
wood), supportive government policies and depleting fossil fuel reserves are the main factors that are acting as the
drivers for the development of the pellet fuel market. High costs associated with designing of pellet fuel stoves and
chimneys are the main restraints to the pellet fuel market. Recent government policies encouraging the use of clean
and renewable sources of energy, depleting and unevenly distributed fossil fuel reserves can act as the
opportunities for the development of the fuel pellet market in future.
Major pellet fuel producing companies include German Pellets Louisiana, Enviva Pellets Northampton LLC, Enova
Energy Group, Bear Mountain Forest Products and Farm Renewable Fuels.
Browse the Full”Pellet Fuel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 – 2024”Report at :http://www.transparencymarketresearch.com/pellet-fuel-market.html
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights,
historical data, and verifiable projections about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but not limited to: Regional markets,
technology, types, and applications.
The study is a source of reliable data on:
-Market segments and sub-segments
-Market trends and dynamics
-Supply and demand
-Market size
-Current trends/opportunities/challenges
-Competitive landscape
-Technological breakthroughs
-Value chain and stakeholder analysis
The regional analysis covers:
-North America (U.S. and Canada)
-Latin America (Mexico, Brazil, Peru, Chile, and others)
-Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
-Eastern Europe (Poland, Russia)
-Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
-Middle East and Africa (GCC, Southern Africa, North Africa)
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The EU 2020 policy regarding the greenhouse gases emission and use of renewable energy resources are likely to create a positive impact in the pellet fuel market. Increasing natural gas and crude oil prices can serve as an important factor towards the use of pellet fuels. As per the biomass magazine the demand for the pellet fuels are directly related to the natural gas prices. Download the Exclusive Report Here :http://bit.ly/2iivjTZ