The global biopellet energy market is anticipated to witness growth over the forecast period. Biopellet or pellet fuels are made up from biofuels made from biomass. Pellets are made up of any five general categories of biomass which includes agricultural residues, energy crops, food waste and virgin lumber. They are very precious and well known renewable energy resources which are mostly used in US, Europe, and Asia Pacific. It is a type of pellet fuels which has uniform energy content, shape, moisture, size and density. Biopellets are manufactured from sawdust and bark. There are various methods used in the manufacturing of Biopellet such as drying, compressing, pulverizing and molding biomass. Biopellets is one of the essential technologies used to reduce carbon emissions, and it can also be used for heat & power generation.
Europe is one of the primary consumers of bio pellets on account of its lower carbon emissions over the forecast period. With, government’s across the globe taking initiatives and increasing investments in the renewable energy sector and with the use of carbon emissions for power generation, the biopellet energy market is expected to have significant growth over the next eight years. There have been several rules & regulations which are restricting carbon emissions globally, and this will help in promoting the product’s demand in the renewable energy sector. Volatile prices of conventional sources such as natural gas, oils and diesel will complement the growth, and it is anticipated to grow at a significant rate over the next eight years. Regions such as Asia Pacific have high biomass availability, and it is expected that this industry is projected to propagate at a significant rate over the next eight years.
However, there are some restraints with a lot of opportunities in the market. Fluctuations of raw material from suppliers and increase in competition from biogas sector will hinder the growth and pose a challenge to the industry participants. There are lots of opportunities for pellet industry on account of biomass increasing availability and with advanced technologies for the production; it is projected that this industry will grow at a significant rate over the next eight years. There are several techniques used in its output, and these can be segmented as pellet stoves, boilers, burners and medium & large scale, pellet combustion technologies.
Regionally the market is segmented into North America, Europe, Asia-Pacific and rest of the world (ROW). The European market is leading the world consumption followed by the U.S. In Europe demand for the product across all sectors such as commercial, industrial and residential. Stringent government regulations in Europe are an important factor contributing towards growing demand over the next eight years. North America is expected to foresee significant growth on account of various initiatives and investments made by the U.S. government. With the further technological advancements, the biopellet energy market is projected to grow at the important rate over the next eight years. Asia Pacific is witnessed to be an emerging market on account of huge biomass availability in the region which has tremendous potential for growth over the forecast period.
Key Players in the industry are Enviva LP, Mitsubishi Corp., Weyerhaeuser NR Company, Atikokan Renewable Fuel, Abellon Clean Energy Ltd., Billington Bioenergy, Biomass Secure Power, Inc., BIOAGRO Energy Osterlen AB, BiopelletSro.
Confluence Energy, Canadian Bio Pellet, Inc., Corinth Wood Pellets LLC., DoldHolzwerke GmbH, Curran Renewable, DONG Energy A/S, Ecowood Fuels and Brookridge Timber Ltd, and Eagle Bio-Fuels LLC are few others.
Companies are engaged in new product developments, innovation, agreements, collaborations, mergers & acquisitions and strategic business activities to strengthen their market and increase distribution networks globally. This industry is expected to be highly competitive over the forecast period on account of incorporation of new processes and developments of renewable energy.
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