Biofuels generated from compressed organic matter or biomass, such as forest wood and trash, farm leftovers, energy crops, and other food waste, are known as wood pellets. Due to their low cost and reduced carbon emissions, they have emerged as a promising renewable energy source, displacing coal, and natural gas in a variety of industrial industries. They are co-fired in coal-based power plants to reduce carbon emissions in the electricity generation sector. Furthermore, they are commonly utilized in automatic stoves and boilers for home heating.
MARKET DYNAMICS
The low cost of production and easy availability of wood pellet fuel feedstock have contributed to increased utilization in the industrial sector. The rise in the price of fossil fuels and natural gas also contributes to the market's expansion. Furthermore, rising environmental concerns about greenhouse gas emissions are expected to drive market expansion over the forecast period.
MARKET SCOPE
The "Global Wood Pallet Fuel Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The wood pallet fuel market report aims to provide an overview of the wood pallet fuel market with detailed market segmentation by feedstock, heating application, application, and geography. The global wood pallet fuel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood pallet fuel market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wood pallet fuel market is segmented based on fuel by feedstock, heating application, application. Based on feedstock, the wood pallet fuel market is segmented into forest wood and waste, agriculture residue, others. Based on heating application, the wood pallet fuel market is segmented into free standing pellet stove, pellet stove inserts, pellet boilers. Based on application, the wood pallet fuel market is segmented into industrial, commercial, residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wood pallet fuel market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wood pallet fuel market by each region is later sub-segmented by respective countries and segments. The wood pallet fuel market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood pallet fuel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the wood pallet fuel market in these regions.
IMPACT OF COVID-19 ON WOOD PALLET FUEL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global wood pallet fuel market. The supply chain disruptions influenced the declined in investment and procurement of wood pallet fuel. Additionally, the stringent lockdown imposed by various government bodies across impacted the extraction of wood pallet fuel thereby impacting the growth of the global wood pallet fuel market.
MARKET PLAYERS
The reports cover key developments in the wood pallet fuel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from wood pallet fuel market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the wood pallet fuel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood pallet fuel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Andritz AG
-Energex
-Rentech, Inc.
-The Westervelt Company
-SINGPELLET Pte Ltd
-F.E. Wood & Sons
-Allance Pellet Machinery
-Enviva LP, Wood Pellet Energy Ltd.
-ANDRITZ GROUP
-Nugreen Energy