Middle-East Wood Pellets Market is expected to foresee significant growth during the forecast period. UAE to witness the highest growth
- Vikas Kumar
- September 29, 2021
- ENERGY & POWER, NEWS
- Middle East Wood Pellets Market Growth, Middle East Wood Pellets Market News, Middle East Wood Pellets Market share, Middle East Wood Pellets Market size, Middle East Wood Pellets Market Trend
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Middle-East Wood Pellets Market is expected to reach the market valuation of USD XX million by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2027) from USD XX million in 2020. Pellets are a solid biomass fuel, primarily produce from wood residues and agricultural by-products like straw.
Government in the Middle-East countries are working on various regulations implementing clean energy sources. For instance, in Dubai, the Supreme Council of Energy announced an implementation plan for the Dubai Clean Energy Strategy 2050 to enhance the sustainable development of Dubai, a year after the launch of the national strategy by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and ruler of Dubai. In May 2020, Dubai Electricity and Water Authority (DEWA) announced that the share of clean energy in Dubai’s energy mix had increased to around 9%. This exceeds the target set in the Dubai Clean Energy Strategy 2050, which aimed to provide 7% of Dubai’s total power output from clean energy sources by 2020 and 75% by 2050. DEWA’s total installed capacity is 11,700 megawatt (MW) of electricity.
Moreover, as per Energy Outlook, the Middle-East carbon dioxide emissions are projected to rise by 29% in 2035, with all the growth coming from the emerging economies. This can have severe effect on the environment and can be reduced with the adoption of cleaner sources such as wood pellets for heat energy
Based on application, the market is fragmented into heat, combined heat power (CHP), and power. The sorbitol segment dominated the market in 2020 and generated total revenue of USD XX million. It is anticipated to maintain its dominance during the forecast period owing to the increasing inclination towards using recyclable energy sources for heating and other related activities.
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Based on the end-users, the market is fragmented into industrial, residential, and commercial. The commercial segment dominated the market in 2020 and generated total revenue of USD XX million. It is anticipated to maintain its dominance during the forecast period owing to the low in cost, readily available, and easy to use during processing.
Additionally, the report provides detailed initiatives that are being taken in the field of Wood Pellets. The market is classified into distinct regions Middle-East (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, Turkey, and Rest of Middle-East). Saudi Arabia dominated the market and generated revenue of USD XX million in 2020 owing to the increasing government initiatives for adoption of cleaner energy sources.
Major key players include German Pellets GmbH, Pinnacle Renewable Energy Inc., Energex, Enviva LP, Segezha Group JSC, Drax Group plc, AS Graanul Invest, Biopower Sustainable Energy Corp., Lignetics
Canforare some of the prominent players operating in the Middle-East Wood Pellets market. Several M&A’s along with partnerships have been undertaken by these players to develop Wood Pellets.
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Middle-East Wood Pellets Market Segmentation
Market Insight, by Application
- Combined Heat Power (CHP)
Market Insight, by End-Users
Market Insight, by Region
- Saudi Arabia
- Rest of Middle-East
Top Company Profiles
- German Pellets GmbH
- Pinnacle Renewable Energy Inc.
- Enviva LP
- Segezha Group JSC
- Drax Group plc
- AS Graanul Invest
- Biopower Sustainable Energy Corp.