Market Research Engine has published a new report titled as “Wood Pellets Market, by Application (Power Plants and Heating) – Global Industry Analysis, Trends and Forecast 2016 – 2023”.

    The global wood pellets market is expected to reach more than US$ 20.0 billion by 2023 and is projected to register a compound annual growth rate (CAGR) of more than 14% during the forecast period. Government rules and contract, financial inducement by centralized agencies, long-term supply, and low price of wood pellets are factors that are expected to drive the market during the forecast period. However, flue gas release during storage of wood pellets is expected to hinder the growth of the market during the forecast period.

    In this report, the global wood pellets market is segmented by application and region. The market on the basis of application is segmented into power plants and heating.

    The global wood pellets market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is the largest wood pellets market, whereas Asia Pacific is expected to the witness the highest growth rate during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional wood pellets market and analyzes the variations in the growth of the industry in certain regions.

    You Can Browse Full Report: https://www.marketresearchengine.com/reportdetails/wood-pellets-market

    Andritz AG, Drax Group Plc., Enito Singpellet Pte Ltd., Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) Ltd. are the most active players in the wood pellets market.

    This report covers the wood pellets market, in terms of value, and forecasts the market size till 2023. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global wood pellets market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

    The deep-dive study on the wood pellets market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2023. A glimpse of the report structure is provided in the report description available on the website.

     

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    Source: http://www.financeswire.com/global-wood-pellets-market-expected-to-be-worth-us-20-0-billion-by-2023