The Role of Wood Pellets Market In Power Generation Applications: A State of the Art
The wood pellets market is estimated to grow at a compound annual growth rate (CAGR) of 8.8% from 2020 to 2027. The global wood pellets market size was valued at USD 5.8 billion in 2019 and is projected to reach USD 9.1 billion by 2027. Wood pellets are made of compressed sawdust or other waste wood products, and are commonly used as fuel for stoves and boilers. Wood pellets are a renewable, sustainable, and carbon-neutral source of energy. The demand for wood pellets is driven by government policies and regulations promoting the use of renewable energy sources, such as the…
- Date: November 23, 2022
- Author: Thomas Bretz
- Category: Taiwan News