Global Biopellet Energy Market, By Type (Pellet stoves, Boilers, Burners), Application (Vehicle fuel, Heat generation, Lubrication, Reduction of emission, others), End User (Transportation, Electronics, Commercial, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The biopellet energy industry is expected to benefit tremendously from the government policies aimed at reducing carbon emissions by increasing reliance on renewable energy for power generation. For instance, under the Kyoto Protocol, Europe's government has pledged to reduce emissions by 20% on average between 2013 and 2020. Several policies are also in place in nations around the area to monitor carbon emissions and encourage the adoption of greener technologies. These factors have boosted the business by promoting biopellets as a source of energy.
Global Biopellet Energy Market was valued at USD 245.00 million in 2021 and is expected to reach USD 402.44 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.
Market Definition
Biopellet is a renewable energy source that is widely used around the world. They are a solid fuel with consistent energy content, shape, size, density, and moisture content. Biopellets are made from a variety of biomass, including bark and sawdust. Compressing, drying, pulverizing, and then shaping biomass into cylindrical pellets are some of the most common ways for producing biopellets. The biopellets have a number of technological advantages.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Pellet stoves, Boilers, Burners), Application (Vehicle fuel, Heat generation, Lubrication, Reduction of emission, others), End User (Transportation, Electronics, Commercial, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Poland, Norway, Finland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa
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Market Players Covered
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Enviva Corporate (U.S.), Mitsubishi Corporation (Japan)., Weyerhaeuser Company (U.S.), BioPower (Canada), Abellon Clean Energy Limited (India)., Billington Bioenergy (Austria), Biomass Secure Power Inc (Canada), DoldHolzwerke GmbH (Germany), Curran Renewable CURRAN RENEWABLE ENERGY, LLC. (U.S.), Ørsted A/S (Denmark), GREEN FRIENDLY PELLETS, LLC (U.S.), VT Wood Pellet Co LLC (U.S.), Sinclar Group Forest Products. (Canada), Snow Timber Pellets (U.S.), TRICO (U.S.), BIOENECO SDN. BHD. (Malaysia)
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Market Opportunities
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Biopellet Energy Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Favorable Government Regulations
Favorable government rules aiming to reduce carbon emissions by increasing reliance on renewable energy for power generation have greatly benefited the worldwide biopellets energy business. For instance, under the Kyoto Protocol, Europe's government has promised to decrease emissions by an average of 20% between 2013 and 2020. Several policies are also in place in nations around the area to monitor carbon emissions and stimulate the adoption of greener technologies. These rules were favorable to biopellets energy, providing the market a boost.
Furthermore, biomass production, which is encouraged by governments throughout the world, is cheaper and requires less capital investment, which is a major driver of the global biopellets energy market. The global increase in energy consumption is a major driving force in the global bio pelleting energy market. Furthermore, the energy used in biopelleting is renewable and can be replanted, making the process cost-effective. Many regions will be less reliant on foreign fossil fuels as a result of this technology. As a result, the biopelleting energy market provides economic stability while also increasing employment rates. Biopelleting energy is also easier to adapt to current engine designs and requires less maintenance.
Opportunities
- Improvement of Product and Demand for Bio- based Products
Furthermore, the manufacturers emphasize improving product accuracy and overall functionality further extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Moreover, the high usage of bio-based products also generates various opportunities for the market.
Restraints/Challenges
- High Capital Costs
The high capital cost is preventing the implementation of biopellet energy. As a result, the global biopellet energy market is hampered by the high cost needed for production.
- Insufficiency of Raw Material
The COVID-19 led to the supply chain disruptions which further led to insufficient supply of raw materials. This factor will further pose as a serious challenge to the growth of the biopellet energy market.
This biopellet energy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biopellet energy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Biopellet Energy Market
The recent outbreak of coronavirus had a negative impact on the biopellet energy market, as the pandemic has had a significant impact on the supply chain. In the event of a pandemic, the suspension of industrial and commercial activity is expected to result in a temporary drop in demand for biopelleting materials. Furthermore, the epidemic has compelled numerous market industries to halt operations in order to comply with government laws such as social distancing. Furthermore, national and international transportation have been delayed as a result of the lockdown, which has had a substantial influence on the supply chain of multiple sectors around the world, consequently widening the supply–demand mismatch. As a result, a scarcity of raw materials is projected to slow the rate of production of biopelleting energy, reducing market growth.
Global Biopellet Energy Market Scope
The biopellet energy market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Pellet stoves
- Boilers
- Burners
Application
- Vehicle Fuel
- Heat Generation
- Lubrication
- Reduction Of Emission
- Others
End User
- Transportation
- Electronics
- Commercial
- Others
Biopellet Energy Market Regional Analysis/Insights
The biopellet energy market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the biopellet energy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the biopellet energy market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the expansion of the automotive and commercial sectors and stringent government regulations.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the huge biomass availability coupled with the favorable government policies within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biopellet Energy Market Share Analysis
The biopellet energy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biopellet energy market.
Some of the major players operating in the biopellet energy market are
- Enviva Corporate (U.S.)
- Mitsubishi Corporation (Japan)
- Weyerhaeuser Company (U.S.)
- BioPower (Canada)
- Abellon Clean Energy Limited (India)
- Billington Bioenergy (Austria)
- Biomass Secure Power Inc (Canada)
- DoldHolzwerke GmbH (Germany)
- Curran Renewable CURRAN RENEWABLE ENERGY, LLC. (U.S.)
- Ørsted A/S (Denmark)
- GREEN FRIENDLY PELLETS, LLC (U.S.)
- VT Wood Pellet Co LLC (U.S.)
- Sinclar Group Forest Products. (Canada)
- Snow Timber Pellets (U.S.)
- TRICO (U.S.)
- BIOENECO SDN. BHD. (Malaysia)
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