The global biopellet energy market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The key factor driving the market growth include the increasing demand for renewable energy sources that further create the significant scope for biomass energy pellets. Apart from this, the rising government initiatives and support for renewable energy production also the factor boosting the market growth. For instance, the Sustainable Energy for All (SE4All) initiative taken by the International Renewable Energy Agency (IRENA) is aiming to double the share of renewable sources of energy globally. To achieve the target, it develop a Global renewable energy roadmap called REmap 2030 that will create demand for renewable sources of energy such as biomass pellets. Similarly, in March 2021, Enviva partnered with Mitsui O.S.K Lines (MOL), to develop green marine transport for wood pellets, the firms will aim to reduce greenhouse gas (GHG) emissions in the ocean transportation of sustainable wood pellets. In additionas per the Biomass Thermal Utilization Act (BTU Act) 2019, North America aims at recognizing and promoting the environmental and economic benefits of biomass-derived fuels and energy sources. This act provides 15% to 30% credit for clean wood heating systems for domestic and commercial applications. Such initiatives are projected to drive the market growth during the forecast period.
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Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape- AMP Clean Energy, BIOAGRO Energy Osterlen AB, Pinnacle Renewable Energy Inc, Mitsubishi Corp, Weyerhaeuser NR Co, and others.
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A full Report of Biopellet Energy Market is Available at: https://www.omrglobal.com/industry-reports/biopellet-energy-market
Global Biopellet Energy Market by Segment
By Type
• Pellet stoves
• Boilers
• Burners
By Application
• Vehicle fuel
• Heat generation
• Commercial and Residential Heating
• Others
Global Biopellet Energy Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Company Profiles
· AMP Clean Energy
· BIOAGRO Energy Osterlen AB
· Brookfield Asset Management Inc.
· Biomass Secure Power Inc.
· Curran Renewable Energy, LLC
· Clarion Housing Group
· Pacific BioEnergy
· Pinnacle Renewable Energy Inc
· Punjab Renewable Energy System Pvt. Ltd
· Renewable Energy Group, Inc.
· Strahler Clean Energy Pvt. Ltd.
· Siemens Gamesa Renewable Energy
· The Brookridge Group
· VIASPACE Green Energy Inc.
· Wood Pellet Reviews
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