The global Industrial Wood Pellets market is forecast to reach USD 17.16 Billion by 2027, according to a new report by Reports and Data. Industrial Wood Pellets are renewable sources of energy, derived from sawdust, wood shaving, dry shavings, and others. These offer vital advantages such as cost efficiency and a low impact on the environment compared to traditional fuel sources. Industrial Wood Pellets will be an excellent alternative to fossil fuels, especially coal, liquefied petroleum gas, natural gas, and others in the years to come, as they will significantly improve the efficiency of the system. Favorable government policies of the European Union towards renewable energy sources should be a determining factor for the prospects for the Industrial Wood Pellet market in the coming years. Various government regimes, including tax credits, quotas, auction systems, and lower manufacturing and investment costs due to the expansion of production capacity were crucial factors for the deployment of renewable energy sources in the region.

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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Industrial Wood Pellets market is expected to register robust revenue CAGR between 2020 and 2027. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.

Competitive Landscape:

The report sheds light on details about every market player in the global Industrial Wood Pellets market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base. Top companies operating in the global Industrial Wood Pellets market include: Canfor, Schweighofer, Stora Enso, Drax Group Plc., Enviva LP, Pinnacle Renewable Energy Group, Pacific BioEnergy, Lignetics and others.

Key questions addressed in the global Industrial Wood Pellets market report:

• What is the expected market size of the global Industrial Wood Pellets market during the forecast period?
• What are the key restraints that are expected to hamper overall market growth between 2020 and 2027?
• What key factors are expected to boost global Industrial Wood Pellets market revenue growth throughout the forecast period?
• Which regional market is projected to account for largest revenue share over the forecast period?
• Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
• Which key players are operating in the global Industrial Wood Pellets market?

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The report also offers details about each segment and major regions covered in the global Industrial Wood Pellets market.

Global Industrial Wood Pellets market segmentation:

Type Outlook:

• Utility
• Standard
• Premium

Application Outlook:

• Power Plants
• Residential Heating
• Commercial Heating
• CHP Heating

Regional Outlook:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Russia
  • U.K.
  • Germany
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • U.A.E.
  • Israel
  • Rest of MEA

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