Biopellet
Energy Market Size Analysis 2024 Top Regions, Key Players and Forecast - 2031

The global biopellet energy market is anticipated to
grow at a considerable CAGR during the forecast period (2024-2031). The key
factor driving the market growth include the increasing demand for renewable
energy sources that further create the significant scope for biomass energy
pellets. Apart from this, the rising government initiatives and support for
renewable energy production also the factor boosting the market growth. For
instance, the Sustainable Energy for All (SE4All) initiative taken by the
International Renewable Energy Agency (IRENA) is aiming to double the share of
renewable sources of energy globally. To achieve the target, it develop a
Global renewable energy roadmap called REmap 2030 that will create demand for
renewable sources of energy such as biomass pellets.

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Similarly,
in March 2021, Enviva partnered with Mitsui O.S.K Lines (MOL), to develop green
marine transport for wood pellets, the firms will aim to reduce greenhouse gas
(GHG) emissions in the ocean transportation of sustainable wood pellets. In
additionas per  the Biomass Thermal Utilization Act (BTU Act) 2019, 
North America aims at recognizing and promoting the environmental and economic
benefits of biomass-derived fuels and energy sources. This act provides 15% to
30% credit for clean wood heating systems for domestic and commercial
applications. Such initiatives are projected to drive the market growth during
the forecast period. 

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Market
Coverage

 
  • Segment Covered- 

o             By Type

o             By Application

 
  • Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

 
  • Competitive Landscape- AMP Clean Energy, BIOAGRO Energy Osterlen AB,
Pinnacle Renewable Energy Inc, Mitsubishi Corp, Weyerhaeuser NR Co, and others.

Key
questions addressed by the report

 
  • What is the market growth rate?

 
  • Which segment and region dominate the market in the base year?

 
  • Which segment and region will project the fastest growth in the
market?

 
  • How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19
forecast

o             Most affected region and segment

 
  • Who is the leader in the market?

 
  • How players are addressing challenges to sustain growth?

 
  • Where is the investment opportunity?

Global
Biopellet Energy Market by Segment

By
Type

•      
Pellet stoves

•      
Boilers

•      
Burners

By
Application

•      
Vehicle fuel

•      
Heat generation

•      
Commercial and Residential Heating

•      
Others 

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