Biomass Pellets Market Will Generate Massive Revenue In Future
Biomass pellets are biomass fuels derived from solid waste, agricultural residue, and forestry residue. Some of the commonly used raw materials in the production of biomass pellets include sawmill residue, tree barks, branches, leaves, rice husk, sugarcane bagasse, coconut shell, cotton stalk, etc. Biomass pellets are used as biofuels for commercial and residential heating, power generation, cooking, and other applications. Biomass pellets are clean burning and renewable sources of fuel, which generally emit less particulate emissions.
Biomass pellets have a high calorific value. The calorific value of carbonized wood pellets is in the range of 7000 to 8000Kcal/kg and is extensively used as fuel for industrial boilers. These biomass pellets can be directly burnt in the coal firing boilers without needing any refitting. Industries operating coal-fired boilers are increasingly using biomass pellets to power the boilers and reduce the expenditure on costlier fossil fuels. The rising adoption of biomass pellets across various industries is anticipated to create significant demand for biomass pellet manufacturers in the forecast period. Biomass pellets are a renewable source of energy, and the surplus availability of biomass feedstocks in the form of forest waste and agricultural crop residue is anticipated to provide lucrative business opportunities for biomass pellet producers.
MARKET SEGMENTATION
The global biomass pellets market is segmented on the basis of source and end-use. On the basis of source, the biomass pellets market is segmented into, agricultural residue, wood sawdust, and others. On the basis of end-use, the market is bifurcated into, power generation, industrial heating, commercial and domestic heating, and others.
KEY PLAYERS
- Abellon CleanEnergy Limited
- AS Graanul Invest
- Drax Biomass Inc.
- Energex Corporation
- Enviva Partners, LP
- Forest Energy Corporation
- German Pellets GmbH
- International WoodFuels LLC
- MGT Power
- Pinnacle Renewable Energy Inc.