Worldwide Biomass Pellets Market to Grow at 11.7% CAGR to 2024, Predicts Variant Market Research in Its Study Available at MarketPublishers.com
20 Dec 2017 • by Natalie Aster
LONDON – Through to 2024, the worldwide market for biomass pellets is projected to witness high growth at a 11.7% CAGR to cross the value of USD 25.7 billion by the end of the forecast period.
Key factors fueling the world’s biomass pellets market comprise enhancing concerns about global warming, fast depletion of fossil fuels, escalating demand for nonconventional or additional energy sources, rising disposable incomes, amidst others.
Meantime, such factors as high costs associated with extraction process and high prices of feedstock could considerably hinder the biomass pellets market growth in the coming years.
Besides, rising adoption of biomass pellets for power generation will likely open a slew of new lucrative growth opportunities for the market players in the offing.
Some of the prominent players active in the biomass pellets marketplace are Forest Energy Corporation, MGT Power, Energex Corporation, Drax Biomass, Westervelt Renewable Energy, Forth Energy, New England Wood Pellet, Woodstone, International WoodFuels and Helius Energy.
In-demand research study “Biomass Pellets Market (By Application,By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024” worked out by Variant Market Research provides a detailed analysis of the biomass pellets market landscape and dynamics globally and across the key geographies. Besides, this publication includes vital data on the key market growth drivers and hinders, discloses info on the market size, shares, shape, growth rates; sheds light on the prevailing trends, identifies future growth opportunities and major challenges and barriers. The report offers a profound analysis of the market segmentation, covers the historical evolution of the biomass pellets market with reliable historical data, describes the current situation in the market as well as present a comprehensive future outlook through to 2024. Moreover, this study explores the competitive scene and gives strategic profiling of the leading companies.
A complete collection of the publisher’s research reports is provided in the Variant Market Research catalogue at MarketPublishers.com.