Analysts forecast the Global Biomass Pellets market to grow at a CAGR of 11.0 percent over the period 2014-2019.
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.
The report 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.
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