Global Biomass Pellet Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research
The global biomass pellet market was valued at $6,976.3 million in 2014, and it is expected to grow with a CAGR of 11.1% during 2015 - 2020. The factors driving the growth of the global market include low GHG emission from biomass, increased government initiatives for renewable technologies, need for constant energy supply and massive untapped biomass potential. The rapid depletion of fossil fuels and global warming caused by their usage has shifted the global interest from conventional energy to green energy. The different governments across the globe have initiated several schemes in the form of incentives, grants and subsidy to promote and encourage the generation of renewable energy. The new government policies are encouraging the development of renewable energy sources for power generation.
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In 2014, the European market held the largest share in the global biomass pellet market, in terms of value and volume. The major reasons behind the growth of the biomass pellets market in the region are low GHG emission from biomass and increased government initiatives for adoption of renewable technologies. The biomass pellets market in Europe is expected to maintain its growth rate, which is mainly driven by various subsidies and legislation. The incentives for biomass conversion in the U.K. are aimed at encouraging infrastructural development. The price of carbon is getting increased, thus making it very expensive to burn coal. As a result, the U.K. power producers are expected to continuously move towards biomass production.
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Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.2 Trends in Biomass Pellets Market
3.2.1 Advancement in technology
3.2.2 Increased third-party
ownership
Chapter 4. Global Biomass Pellets Market Size and Forecast (2011
– 2020)
4.1 Global Biomass Pellets Market, by
Application
4.1.1 Heat sector
4.1.2 Power sector
4.2 Global Biomass Pellets Market, by
Geography
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