The global biopellet energy market is anticipated to grow at a significant CAGR during the forecast period. Biopellet or pellet fuels are biofuels made from biomass. Pellets are generally made from various biomass substances such as agricultural residues, energy crops, food waste and virgin lumber. Wood pallete considered as one of the best biopelletes and an effective alternatives to replace the fossil fuels in industrial combustion and power plant applications. The key factor driving the global biopellet market is growing demand for biomass pellets as a fuel for co-firing in coal-based boilers and in other end-user applications. For instance, in October 2021, NTPC has placed an order of 9,30,000 tonnes of biomass pellets for co-firing in power plants toimprove air quality.Apart from this, the adoption of biopelletes in industrial and commericla heat & power generation to reduce the carbon emission has surged their market demand , which in turn driving the market growth. . However, factors such as expensive extraction process, low product quality, and high cost of raw materials restrains the growth of the market. Furthermore, the increasing favourable government regulation and initiatives aimed at curbing carbon emission by increasing reliance on renewable energy for generating power is bringing new opportunities to the market. For instance, from 2013-2020, the European Government has reduced emission level upto 20% as per the Kyoto Protocol.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- 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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Biopellet Energy Market by Segment
By Type
- Pellet stoves
- Boilers
- Burners
By Application
- Vehicle fuel
- Heat generation
- Commercial and Residential Heating
- Others
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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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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