Wood Pellet Market 2019 to 2025, key industry players & growth trends

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Wood Pellet Market Update, Analysis, Forecast,
2019 2025
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Global Market Scenario of Wood Pellet Industry

• A detailed analysis of the Wood Pellet Market is
  entailed in this research report. The driving
  forces responsible for propelling the growth
  graph of this vertical in addition to the
  regional and competitive trends are mentioned in
  the study.
• A comprehensive document comprising details about
  vital parameters such as the industry ecosystem
  analysis, market segmentation, and the vendor
  matrix, the Wood Pellet Market report also
  contains information on the pivotal industry
  insights for core players to look out for.
• Growing energy demand and the need to lower coal
  consumption are some of the key reasons
  propelling wood pellet market trends. Many
  countries have observed the rising adoption of
  energy sources and extensive imports of coal and
  petroleum-based fuel owing to the inefficient
  domestic sources.
• Reports estimate that in 2017, South Korea had
  been the eight largest consumer of energy sources
  globally.

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Continue-

• It is projected that global wood pellet market
  size would exceed USD 19 billion by the end of
  2025. Regional governments are also taking
  various initiatives to increase the dependency on
  renewable sources as these renewable technologies
  are proven reliable and provide the lowest-cost
  power generation options in many areas.
• For instance, the Korean government had unveiled
  plans to expand the market share of renewable
  energy generation from 7 in 2018 to 20 by the
  end of 2030. Described below are few aspects
  outlining wood pellet industry forecast over the
  coming years.
• As electricity demand escalated, supply depended
  largely on fossil fuels which contribute
  tremendously towards global warming. Since fossil
  fuels are limited in supply, countries are now
  adopting alternative sources of energy to
  minimize the deteriorating effects of climate
  change.
• With the rising temperature and climate
  alterations, the Government of Canada has amended
  new regulations associated with greenhouse gases
  in order to replace coal-fired plants. Presently,
  coal-fired electricity depicts nearly 70 of the
  GHG emissions from electricity sector in the
  region.

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360 Industry Analysis

• Growing interest in renewable energy for
  electricity has surged the demand for biomass in
  many countries including UK, Belgium, the
  Netherlands, South Korea, and Denmark. These
  countries have increasingly implemented
  sustainability criteria for using biomass to
  produce electricity.
• Biomass is expected to play a significant role in
  achieving these criteria and also be used to
  generate bioelectricity. In addition, notable
  initiatives like Sustainable Biomass Program
  certification schemes will certainly increase the
  production of biomass globally.
•  

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• Competitive Analysis
• Some of the key players in the industry are Stora
  Enso, Enviva Partners, Pacific BioEnergy, Drax
  Group, AS Graanul Invest, Lignetics, Ecochipp,
  Svenska Cellulosa Aktiebolaget, InstantHeat Wood
  Pellets, Pinnacle Renewable Energy, AMP Clean
  Energy, Mallard Creek, Ecowood pellets, German
  Pellets GmbH, The Westervelt Company

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