Biomass Pellets Market Size Report and Global Analysis by 2030
[Research Report] The biomass pellets market size was valued at US$ 11,001.59 million in 2022 and is expected to reach US$ 16,137.89 million by 2030; it is estimated to register a CAGR of 4.9% from 2022 to 2030.
Market Insights and Analyst View:
Biomass pellets are high-density, processed biomass compressed in small cylindrical form. It is derived from organic materials, such as agricultural residue, wood waste, wood chips, sawdust, and forest residue. Biomass pellets are used in power generation as well as heating applications in residential, commercial, and industrial sectors. It has many advantages over unprocessed biomass, such as standardized characteristics, high energy content, storage feasibility, and ease of transportation. Biomass pellets, namely wood pellets, are widely used in residential pellet stoves and boilers. The government's efforts to reduce greenhouse gas emissions and promote the utilization of biomass pellets is driving the biomass pellets market growth.
Growth Drivers and Challenges:
With the growing focus on sustainability, the demand for biomass pellets such as wood pellets has increased significantly. Wood pellets can be utilized for electricity production as an alternative to coal feedstock. Further, biomass pellets are uniformly shaped, possess high density, and are feasible for transportation and storage. The demand for wood pellets has substantially grown for power generation applications. In Europe and North America, as well as in Asian countries such as China, Japan, and South Korea—wood pellets are primarily used for co-firing at coal-fired power plants. There is a rise in the utilization of alternative materials for coal in large-scale power plants worldwide. In 2021, the Ministry of Power of India mandated at least 5% utilization of biomass pellets in fuel-mix with coal in all coal-fired power plants. Such mandates are driving the growth of the biomass pellets market in India. Further, the large-scale power utilities in several European countries such as the Netherlands and Belgium sourced biomass pellets from the US, Russia, and Canada, as per the United States Department of Agriculture. Thus, the rising demand for wood pellets from the power generation industry is driving the biomass pellets market. Biomass pellets are derived from organic materials such as wood, agricultural residue, and industrial wastes. Many countries consider biomass pellets as a sustainable fuel source; however, there are several environmental concerns related to biomass pellets. The combustion of biomass pellets releases pollutants in the air, including particulate matter, nitrogen oxides, and volatile organic compounds. Further, the production of biomass involves a significant amount of water consumption for processing. Hence, the environmental concerns pertaining to biomass pellets are hampering the biomass pellets market growth.
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Biomass Pellets Market: Strategic Insights
Market Size Value in US$ 11,001.59 million in 2022 Market Size Value by US$ 16,137.89 million by 2030 Growth rate CAGR of 4.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Biomass Pellets Market: Strategic Insights
| Market Size Value in | US$ 11,001.59 million in 2022 |
| Market Size Value by | US$ 16,137.89 million by 2030 |
| Growth rate | CAGR of 4.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The global biomass pellets market is segmented on the basis of source, application, and geography. Based on source, the biomass pellets market is segmented into agricultural residue, industrial waste, wood, and others. Based on application, the biomass pellets market is segmented into power plants, industrial heating, residential and commercial heating, and others. By geography, the biomass pellets market is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on source, the biomass pellets market is segmented into agricultural residue, industrial waste, wood, and others. The wood segment held the largest share in the biomass pellets market and is expected to register significant growth over the forecast period. Biomass pellets are manufactured using wood wastes such as sawdust, wood chips, wood shavings, bark, and other residual materials generated from woodworking, sawmills, and timber processing. The wood waste is collected, processed, dried, and pelletized. Wood biomass pellets are widely used in residential heating applications, industrial furnaces, and power plants.
Regional Analysis:
Based on geography, the biomass pellets market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global biomass pellets market was dominated by Europe, which accounted for ~US$ 6,478 million in 2022. Asia Pacific is the second-largest contributor, which recorded more than 30% of the global biomass pellets market share in the same year. North America is expected to register a CAGR of over 4.5% during the forecast period. In North America, the biomass pellets market is significantly driven by the regional cost competitiveness of biomass pellets as compared to residential heating oil and propane. The production of wood pellets in North America has gained traction over the past few years due to rising demand from overseas markets. According to the United States Department of Agriculture, the US and Canada supply wood pellets to power plants in the Netherlands and Belgium. The increase in domestic demand for biomass pellets in the region has prompted manufacturers to expand their production capacities. In 2023, Grand River Pellets (Canada) invested US$ 30 million to expand the biomass pellets production capacity from 140,000 to 220,000 metric ton per year. All these factors are driving the biomass pellets market growth in North America.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the biomass pellets market are listed below:
- In September 2022, Enviva Inc inaugurated its newly constructed wood pellet manufacturing facility in George County, Mississippi (US). The plant started production activities at the beginning of 2022 to reach an annual permitted production capacity of 750,000 metric ton per year (MTPY).
- In April 2022, Drax Group PLC opened a new pellet plant at Demopolis in Alabama, the US. The plant produces sustainable biomass pellets annually from sawmill residues such as sawdust, chips, and shavings.
- In December 2020, Pure Biofuel Ltd. launched ENPOWER wood pellets. ENPOWER wood pellets bags incorporate A1 quality standards, which are set out by the UK Pellet Council and the European Council. This product is available in 10-kg or 15-kg packets.
- In April 2021, Drax Group PLC acquired Pinnacle Renewable Energy Inc. With the acquisition, Drax Group PLC delivered bioenergy with carbon capture and storage (BECCS), permanently removing carbon dioxide from the atmosphere yearly.
- In May 2023, LEAG Group acquired Wismar Pellets GmbH from Metropolitan Equity Partners, a private equity investor, in a bidding process to expand the production and supply portfolio of its refining operations. This acquisition will help LEAG Group to serve a larger number of customers.
Biomass Pellets Market Report Scope
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of biomass pellets companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Most of the power plants and industrial plants were shut down during the pandemic, decreasing the consumption of biomass pellets. In addition, the pandemic has caused fluctuations in biomass pellets prices. However, various industries revived their operations after supply constraints were resolved. Moreover, the rising demand for biomass pellets from the industrial and residential sectors is substantially promoting the biomass pellets market growth.
Competitive Landscape and Key Companies:
A few players operating in the global biomass pellets market include Drax Group Plc, Enviva Inc, AS Graanul Invest, Lignetics Inc, Valfei Products Inc, Mallard Creek Inc, Energex American Inc., Wismar Pellets GmbH, UAB Redal Ltd, and Premium Pellet Ltd. Players operating in the global biomass pellets market focus on providing high-quality products to fulfill customer demand.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
A few players operating in the global biomass pellets market include Drax Group Plc, Enviva Inc, AS Graanul Invest, Lignetics Inc, Valfei Products Inc, Mallard Creek Inc, Energex American Inc., Wismar Pellets GmbH, UAB Redal Ltd, and Premium Pellet Ltd.
In 2022, Europe held the largest share of the global biomass pellets market. The major consumers of wood pellets in the EU are Italy, the Netherlands, Germany, Denmark, France, Sweden, Belgium, and Austria. The demand for wood pellets in the Netherlands, Denmark, and Belgium was driven by the rising use of pellets in power plants.
The wood segment held the largest share in the global biomass pellets market in 2022. Biomass pellets are manufactured using wood wastes such as sawdust, wood chips, wood shavings, bark, and other residual materials generated from woodworking, sawmills, and timber processing.
The projected growth of the market is attributed to the rising demand for wood pellets from the power generation industry and the adoption of biomass pellets for animal bedding.
Asia Pacific is estimated to register the fastest CAGR in the global biomass pellets market over the forecast period. The rising imports of wood pellets and increasing biomass plant capacities are projected to surge the demand for biomass pellets in the Asia Pacific.
The power plant segment held the largest share of the global biomass pellets market in 2022. Biomass pellets are widely used in power plants to generate electricity. Biomass pellets in power plants offer several environmental benefits, such as renewable energy sources, reduced greenhouse gas emissions, and waste management.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biomass Pellets Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Biomass Pellets Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industry
5. Biomass Pellets Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Wood Pellets from Power Generation Industry
5.1.2 Adoption of Biomass Pellets for Animal Bedding
5.2 Market Restraints
5.2.1 Environmental Concerns Pertaining to the Utilization of Biomass Pellets
5.3 Market Opportunities
5.3.1 Increasing Utilization of Agricultural Residues for Biomass Pellets Production
5.4 Future Trends
5.4.1 Significant Investment in Research and Expansion Strategies
5.5 Impact of Drivers and Restraints:
6. Biomass Pellets Market - Global Market Analysis
6.1 Biomass Pellets Market Volume (Kilo Tons), 2022 – 2030
6.2 Biomass Pellets Market Revenue (US$ Million), 2022 – 2030
6.3 Biomass Pellets Market Forecast and Analysis
7. Biomass Pellets Market Analysis - Source
7.1 Agricultural Residue
7.1.1 Overview
7.1.2 Agricultural Residue Market Volume, and Forecast to 2030 (Kilo Tons)
7.1.3 Agricultural Residue Market Revenue, and Forecast to 2030 (US$ Million)
7.2 Industrial Waste
7.2.1 Overview
7.2.2 Industrial Waste Market Volume, and Forecast to 2030 (Kilo Tons)
7.2.3 Industrial Waste Market Revenue, and Forecast to 2030 (US$ Million)
7.3 Wood
7.3.1 Overview
7.3.2 Wood Market Volume, and Forecast to 2030 (Kilo Tons)
7.3.3 Wood Market Revenue, and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Volume and Forecast to 2030 (Kilo Tons)
7.4.3 Others Market Volume, Revenue and Forecast to 2030 (US$ Million)
8. Biomass Pellets Market Analysis - Application
8.1 Power Plants
8.1.1 Overview
8.1.2 Power Plants Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Industrial Heating
8.2.1 Overview
8.2.2 Industrial Heating Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Residential and Commercial Heating
8.3.1 Overview
8.3.2 Residential and Commercial Heating: Biomass Pellets Market Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Biomass Pellets Market Revenue and Forecast to 2030 (US$ Million)
9. Biomass Pellets Market - Geographical Analysis
9.1 North America
9.1.1 North America Biomass Pellets Market Overview
9.1.2 North America Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.3 North America Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.4 North America Biomass Pellets Market Breakdown by Source
9.1.4.1 North America Biomass Pellets Market Volume and Forecasts and Analysis - By Source
9.1.4.2 North America Biomass Pellets Market Revenue and Forecasts and Analysis - By Source
9.1.5 North America Biomass Pellets Market Breakdown by Application
9.1.5.1 North America Biomass Pellets Market Revenue and Forecasts and Analysis - By Application
9.1.6 North America Biomass Pellets Market Revenue and Forecasts and Analysis - By Countries
9.1.6.1 Biomass Pellets Market Breakdown by Country
9.1.6.2 US Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.6.3 US Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.6.3.1 US Biomass Pellets Market Breakdown by Source
9.1.6.3.2 US Biomass Pellets Market Breakdown by Source
9.1.6.3.3 US Biomass Pellets Market Breakdown by Application
9.1.6.4 Canada Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.6.5 Canada Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.6.5.1 Canada Biomass Pellets Market Breakdown by Source
9.1.6.5.2 Canada Biomass Pellets Market Breakdown by Source
9.1.6.5.3 Canada Biomass Pellets Market Breakdown by Application
9.1.6.6 Mexico Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.6.7 Mexico Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.6.7.1 Mexico Biomass Pellets Market Breakdown by Source
9.1.6.7.2 Mexico Biomass Pellets Market Breakdown by Source
9.1.6.7.3 Mexico Biomass Pellets Market Breakdown by Application
9.2 Europe
9.2.1 Europe Biomass Pellets Market Overview
9.2.2 Europe Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.3 Europe Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.4 Europe Biomass Pellets Market Breakdown by Source
9.2.4.1 Europe Biomass Pellets Market Volume and Forecasts and Analysis - By Source
9.2.4.2 Europe Biomass Pellets Market Revenue and Forecasts and Analysis - By Source
9.2.5 Europe Biomass Pellets Market Breakdown by Application
9.2.5.1 Europe Biomass Pellets Market Revenue and Forecasts and Analysis - By Application
9.2.6 Europe Biomass Pellets Market Revenue and Forecasts and Analysis - By Countries
9.2.6.1 Biomass pellets market Breakdown by Country
9.2.6.2 Germany Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.3 Germany Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.3.1 Germany Biomass Pellets Market Breakdown by Source
9.2.6.3.2 Germany Biomass Pellets Market Breakdown by Source
9.2.6.3.3 Germany Biomass Pellets Market Breakdown by Application
9.2.6.4 France Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.5 France Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.5.1 France Biomass Pellets Market Breakdown by Source
9.2.6.5.2 France Biomass Pellets Market Breakdown by Source
9.2.6.5.3 France Biomass Pellets Market Breakdown by Application
9.2.6.6 Italy Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.7 Italy Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.7.1 Italy Biomass Pellets Market Breakdown by Source
9.2.6.7.2 Italy Biomass Pellets Market Breakdown by Source
9.2.6.7.3 Italy Biomass Pellets Market Breakdown by Application
9.2.6.8 UK Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.9 UK Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.9.1 UK Biomass Pellets Market Breakdown by Source
9.2.6.9.2 UK Biomass Pellets Market Breakdown by Source
9.2.6.9.3 UK Biomass Pellets Market Breakdown by Application
9.2.6.10 Russia Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.11 Russia Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.11.1 Russia Biomass Pellets Market Breakdown by Source
9.2.6.11.2 Russia Biomass Pellets Market Breakdown by Source
9.2.6.11.3 Russia Biomass Pellets Market Breakdown by Application
9.2.6.12 Rest of Europe Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.2.6.13 Rest of Europe Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.6.13.1 Rest of Europe Biomass Pellets Market Breakdown by Source
9.2.6.13.2 Rest of Europe Biomass Pellets Market Breakdown by Source
9.2.6.13.3 Rest of Europe Biomass Pellets Market Breakdown by Application
9.3 Asia Pacific Biomass Pellets Market
9.3.1 Overview
9.3.2 Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.3 Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.4 Asia Pacific Biomass Pellets Market Breakdown by Source
9.3.4.1 Asia Pacific Biomass Pellets Market Volume and Forecasts and Analysis - By Source
9.3.4.2 Asia Pacific Biomass Pellets Market Revenue and Forecasts and Analysis - By Source
9.3.5 Asia Pacific Biomass Pellets Market Breakdown by Application
9.3.5.1 Asia Pacific Biomass Pellets Market Revenue and Forecasts and Analysis - By Application
9.3.6 Asia Pacific Biomass Pellets Market Breakdown by Country
9.3.6.1 Biomass Pellets Market Breakdown by Country
9.3.6.2 Australia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.3 Australia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.3.1 Australia Biomass Pellets Market Breakdown by Source
9.3.6.3.2 Australia Biomass Pellets Market Breakdown by Source
9.3.6.3.3 Australia Biomass Pellets Market Breakdown by Application
9.3.6.4 China Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.5 China Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.5.1 China Biomass Pellets Market Breakdown by Source
9.3.6.5.2 China Biomass Pellets Market Breakdown by Source
9.3.6.5.3 China Biomass Pellets Market Breakdown by Application
9.3.6.6 India Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.7 India Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.7.1 India Biomass Pellets Market Breakdown by Source
9.3.6.7.2 India Biomass Pellets Market Breakdown by Source
9.3.6.7.3 India Biomass Pellets Market Breakdown by Application
9.3.6.8 Japan Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.9 Japan Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.9.1 Japan Biomass Pellets Market Breakdown by Source
9.3.6.9.2 Japan Biomass Pellets Market Breakdown by Source
9.3.6.9.3 Japan Biomass Pellets Market Breakdown by Application
9.3.6.10 South Korea Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.11 South Korea Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.11.1 South Korea Biomass Pellets Market Breakdown by Source
9.3.6.11.2 South Korea Biomass Pellets Market Breakdown by Source
9.3.6.11.3 South Korea Biomass Pellets Market Breakdown by Application
9.3.6.12 Rest of Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
9.3.6.13 Rest of Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
9.3.6.13.1 Rest of Asia Pacific Biomass Pellets Market Breakdown by Source
9.3.6.13.2 Rest of Asia Pacific Biomass Pellets Market Breakdown by Source
9.3.6.13.3 Rest of Asia Pacific Biomass Pellets Market Breakdown by Application
9.4 Middle East & Africa
9.4.1 Middle East & Africa Biomass Pellets Market Overview
9.4.2 Middle East & Africa Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.4.3 Middle East & Africa Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.4.4 Middle East & Africa Biomass Pellets Market Breakdown by Source
9.4.4.1 Middle East & Africa Biomass Pellets Market Volume and Forecasts and Analysis - By Source
9.4.4.2 Middle East & Africa Biomass Pellets Market Revenue and Forecasts and Analysis - By Source
9.4.5 Middle East & Africa Biomass Pellets Market Breakdown by Application
9.4.5.1 Middle East & Africa Biomass Pellets Market Revenue and Forecasts and Analysis - By Application
9.4.6 Middle East & Africa Biomass Pellets Market Revenue and Forecasts and Analysis - By Countries
9.4.6.1 Biomass Pellets Market Breakdown by Country
9.4.6.2 South Africa Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.4.6.3 South Africa Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.4.6.3.1 South Africa Biomass Pellets Market Breakdown by Source
9.4.6.3.2 South Africa Biomass Pellets Market Breakdown by Source
9.4.6.3.3 South Africa Biomass Pellets Market Breakdown by Application
9.4.6.4 Saudi Arabia Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.4.6.5 Saudi Arabia Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.4.6.5.1 Saudi Arabia Biomass Pellets Market Breakdown by Source
9.4.6.5.2 Saudi Arabia Biomass Pellets Market Breakdown by Source
9.4.6.5.3 Saudi Arabia Biomass Pellets Market Breakdown by Application
9.4.6.6 UAE Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.4.6.7 UAE Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.4.6.7.1 UAE Biomass Pellets Market Breakdown by Source
9.4.6.7.2 UAE Biomass Pellets Market Breakdown by Source
9.4.6.7.3 UAE Biomass Pellets Market Breakdown by Application
9.4.6.8 Rest of Middle East & Africa Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.4.6.9 Rest of Middle East & Africa Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.4.6.9.1 Rest of Middle East & Africa Biomass Pellets Market Breakdown by Source
9.4.6.9.2 Rest of Middle East & Africa Biomass Pellets Market Breakdown by Source
9.4.6.9.3 Rest of Middle East & Africa Biomass Pellets Market Breakdown by Application
9.5 South & Central America
9.5.1 South & Central America Biomass Pellets Market Overview
9.5.2 South & Central America Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.5.3 South & Central America Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.5.4 South & Central America Biomass Pellets Market Breakdown by Source
9.5.4.1 South & Central America Biomass Pellets Market and Forecasts and Analysis - By Source
9.5.4.2 South & Central America Biomass Pellets Market and Forecasts and Analysis - By Source
9.5.5 South & Central America Biomass Pellets Market Breakdown by Application
9.5.5.1 South & Central America Biomass Pellets Market Revenue and Forecasts and Analysis - By Application
9.5.6 South & Central America Biomass Pellets Market Revenue and Forecasts and Analysis - By Countries
9.5.6.1 Biomass Pellets Market Breakdown by Country
9.5.6.2 Brazil Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.5.6.3 Brazil Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.5.6.3.1 Brazil Biomass Pellets Market Breakdown by Source
9.5.6.3.2 Brazil Biomass Pellets Market Breakdown by Source
9.5.6.3.3 Brazil Biomass Pellets Market Breakdown by Application
9.5.6.4 Argentina Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.5.6.5 Argentina Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.5.6.5.1 Argentina Biomass Pellets Market Breakdown by Source
9.5.6.5.2 Argentina Biomass Pellets Market Breakdown by Source
9.5.6.5.3 Argentina Biomass Pellets Market Breakdown by Application
9.5.6.6 Rest of South & Central America Biomass Pellets Market Volume and Forecasts to 2030 (Kilo Tons)
9.5.6.7 Rest of South & Central America Biomass Pellets Market Revenue and Forecasts to 2030 (US$ Million)
9.5.6.7.1 Rest of South & Central America Biomass Pellets Market Breakdown by Source
9.5.6.7.2 Rest of South & Central America Biomass Pellets Market Breakdown by Source
9.5.6.7.3 Rest of South & Central America Biomass Pellets Market Breakdown by Application
10. Biomass Pellets Market – Impact of COVID-19 Pandemic
10.1 Pre & Post Covid-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Biomass Pellets Market Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Drax Group Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Enviva Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lignetics Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Wismar Pellets GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 AS Graanul Invest
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Energex American Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Valfei Products Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Mallard Creek Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 UAB Redal Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Premium Pellet Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
List of Tables
Table 1. Biomass Pellets Market Segmentation
Table 2. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Table 3. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 5. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 6. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 7. North America Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 8. North America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 9. North America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. US Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 11. US Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 12. US Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. Canada Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 14. Canada Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 15. Canada Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Mexico Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 17. Mexico Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 18. Mexico Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 19. Europe Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 20. Europe Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 21. Europe Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 22. Germany Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 23. Germany Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 24. Germany Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 25. France Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 26. France Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 27. France Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 28. Italy Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 29. Italy Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 30. Italy Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 31. UK Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 32. UK Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 33. UK Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 34. Russia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 35. Russia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 36. Russia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 37. Rest of Europe Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 38. Rest of Europe Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Source
Table 39. Rest of Europe Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 40. Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 41. Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 42. Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 43. Australia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 44. Australia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 45. Australia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 46. China Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 47. China Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 48. China Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 49. India Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 50. India Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 51. India Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 52. Japan Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 53. Japan Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 54. Japan Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 55. South Korea Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 56. South Korea Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 57. South Korea Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 58. Rest of Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – Source
Table 59. Rest of Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 60. Rest of Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 61. Middle East & Africa Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 62. Middle East & Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 63. Middle East & Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 64. South Africa Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 65. South Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 66. South Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 67. Saudi Arabia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 68. Saudi Arabia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 69. Saudi Arabia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 70. UAE Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 71. UAE Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 72. UAE Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 73. Rest of Middle East & Africa Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 74. Rest of Middle East & Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 75. Rest of Middle East & Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 76. South & Central America Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 77. South & Central America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 78. South & Central America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 79. Brazil Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 80. Brazil Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 81. Brazil Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 82. Argentina Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 83. Argentina Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 84. Argentina Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 85. Rest of South & Central America Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons) – By Source
Table 86. Rest of South & Central America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Source
Table 87. Rest of South & Central America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 88. Company Positioning & Concentration
List of Figures
Figure 1. Biomass Pellets Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Biomass Pellets Market
Figure 4. Biomass Pellets Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Biomass Pellets Market Volume (Kilo Tons), 2022 – 2030
Figure 7. Biomass Pellets Market Revenue (US$ Million), 2022 – 2030
Figure 8. Biomass Pellets Market Share (%) – Source, 2022 and 2030
Figure 9. Agricultural Residue Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 10. Agricultural Residue Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Industrial Waste Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 12. Industrial Waste Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Wood Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 14. Wood Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 16. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Biomass Pellets Market Share (%) – Application, 2022 and 2030
Figure 18. Power Plants Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Industrial Heating Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Residential and Commercial Heating Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Biomass Pellets Market Breakdown by Geography, 2022 and 2030 (%)
Figure 23. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 24. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Biomass Pellets Market Breakdown by Source (2022 and 2030)
Figure 26. Biomass Pellets Market Breakdown by Application (2022 and 2030)
Figure 27. Biomass Pellets Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. US Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 29. US Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Canada Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 31. Canada Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. Mexico Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 33. Mexico Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 35. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 36. Biomass Pellets Market Breakdown by Source (2022 and 2030)
Figure 37. Biomass Pellets Market Breakdown by Application (2022 and 2030)
Figure 38. Biomass pellets market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 39. Germany Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 40. Germany Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 41. France Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 42. France Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. Italy Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 44. Italy Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. UK Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 46. UK Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 47. Russia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 48. Russia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Rest of Europe Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 50. Rest of Europe Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 51. Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 52. Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 53. Asia Pacific Biomass Pellets Market Breakdown by Source (2022 and 2030)
Figure 54. Asia Pacific Biomass Pellets Market Breakdown by Application (2022 and 2030)
Figure 55. Asia Pacific Biomass Pellets Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 56. Australia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 57. Australia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 58. China Biomass Pellets Market Volume And Forecasts To 2030 (Kilo Tons)
Figure 59. China Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 60. India Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 61. India Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 62. Japan Biomass Pellets Market Volume And Forecasts To 2030 (Kilo Tons)
Figure 63. Japan Biomass Pellets Market Revenue And Forecasts To 2030 (US$ Million)
Figure 64. South Korea Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 65. South Korea Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 66. Rest of Asia Pacific Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 67. Rest of Asia Pacific Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 68. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 69. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 70. Middle East & Africa Biomass Pellets Market Breakdown by Source (2022 and 2030)
Figure 71. Middle East & Africa Biomass Pellets Market Breakdown by Application (2022 and 2030)
Figure 72. Biomass Pellets Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 73. South Africa Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 74. South Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 75. Saudi Arabia Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 76. Saudi Arabia Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 77. UAE Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 78. UAE Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 79. Rest of Middle East & Africa Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 80. Rest of Middle East & Africa Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 81. Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 82. Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 83. South & Central America Biomass Pellets Market Breakdown by Source (2022 and 2030)
Figure 84. South & Central America Biomass Pellets Market Breakdown by Application (2022 and 2030)
Figure 85. Biomass Pellets Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 86. Brazil Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 87. Brazil Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 88. Argentina Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 89. Argentina Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 90. Rest of South & Central America Biomass Pellets Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 91. Rest of South & Central America Biomass Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 92. Heat Map Analysis By Key Players
The List of Companies - Biomass Pellets Market
- Drax Group Plc
- Enviva Inc
- AS Graanul Invest
- Lignetics Inc
- Valfei Products Inc
- Mallard Creek Inc
- Energex American Inc.
- Wismar Pellets GmbH
- UAB Redal Ltd
- Premium Pellet Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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