London, 15 January 2015 – The Global Biomass Pellets Market is expected to grow at a CAGR of 11 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
Biomass pellets are generally derived from various sources such as timber, sawdust, sugarcane crops and other woody plants, making them an ideal substitute for conventional fossil fuels for heating and power generation.
“The CO2 released from the biomass is stabilized during growth, therefore biomass energy has the potential to reduce greenhouse gas emissions significantly, which will be a significant factor contributing to market growth in the coming years,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the increased focus on renewable technologies for power generation. Energy demand worldwide is increasing rapidly with growing populations, and governments worldwide are seeking ways to meet rising power demands without increasing carbon emissions.
Governments are not just focusing on traditional power generation techniques like fossil fuel-based energy generation, but are also developing and implementing various renewable energy generation techniques.
“Use of renewable energy resources will inevitably increase the use of energy from the biomass industry, which is expected to drive the market over next four years,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Low GHG Emissions from Biomass
- For a full detailed list, view our report.
Market Challenges:
- Increase in Cost of Biomass Pellets
- For a full detailed list, view our report.
Market Trends:
- Increased Focus on Renewable Technologies for Power Generation
- For a full detailed list, view our report.
Key Vendors:
- Energex Corp.
- Forest Energy Corp.
- Helius Energy plc
- New England Wood Pellet LLC
Other Prominent Vendors:
- Forth Energy
- International WoodFuels
- MGT Power
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
