Biopellets are an established and precious renewable energy resources which are widely consumed in Europe, the US and Asia-Pacific regions. It is a type of solid fuel with uniform energy content, density, shape, size and moisture. Biopellets are manufactured using various types of biomass such as sawdust and bark. Some of the method used in the manufacturing of biomass are drying, compressing, pulverizing and moulding biomass in cylindrical pellets. According to the European Pellet Report, the consumption of pellets in Europe is increasing annually, about 9.817 kilo tons were consumed in 2010 and the consumption is expected to rise in next five years.
Biopellets are an essential technology used to reduce the carbon emissions it also encourages the utilization of biomass for power & heat generation. Moreover in Asia-Pacific region there is plenty of biomass availability which presents a wide opportunity for the region to potentially develop energy through these resources in nearing future. Availability of biomass across the globe and advancements in manufacturing technology provides a firm base to grow at promising rate in nearing future.
Some of the major drivers in the global Biopellets Energy Market have been identified as governmental regulations concerning mitigation of carbon emissions and increasing reliance on renewable energy for power generation. One of the largest biopellets consuming market; Europe has committed to reduce its emissions at an average of 20% under the Kyoto Protocol, between 2013 and 2020.
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Also there are several regulations monitoring the carbon emissions worldwide which are expected to promote the use of renewable energy and drive the Global Biopellets Energy market. The biopellets have advantage on technical parameters such as lower price than petro products such as natural gas, heavy oil and diesel. The development of biomass is promoted by several governments and relatively lower capital required for process equipment are driving the global biopellets energy market.
Some of the restraints in the global biopellets energy market are limited large scale production facilities and fluctuations in availability of raw materials from other industries. The competition of biogas sector with the biopellets market is acting as another restraint to the growth in biopellets energy market. Rise in demand for biopellets will act as an opportunity for the biopellets energy market. The US is taking the advantage of European biopellets demand and expanding its pellets manufacturing industries. Several sites are commissioned in states such as Virginia, Kentucky and Alabama to meet the domestic and international demands and are serving as biopellets energy market opportunity.
There are several biopellet combustion technologies used in its production and on the basis of it the global biopellets energy market can be segmented as:
- Pellet stoves
- Medium scale and large scale, pellet combustion technologies
On the basis of geography the global market for biopellets energy can be segmented as:
- North America
- Rest of the World
The European market is leading in the world consumption for biopellets followed by the US. In Europe, the demand is across all its sectors such as industrial, commercial and residential. The US manufacturing of biopellets is concentrated to north eastern and north central states and new pellet manufacturing plants are commissioned in south of the US in countries such as Alabama, Kentucky and West Virginia. Some of the countries leading in the biopellets energy market are the US, Canada, Germany, Sweden, Austria and Japan.
Some of the key players in the global biopellets energy market are Enviva LP, Mitsubishi Corporation, Weyerhaeuser NR Company and others.
The market has been segmented as
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