Skip to main content

Biomass Briquette Market Size [2023-2030] | Industry Outlook by Share, Trends, Growth and Regional Forecast

Written by Customer Service on . Posted in Mergers And Acquisitions.

Biomass Briquette Market Major Manufacturers Covered in The Market Report Include: Enviva, Pacific BioEnergy, Drax Biomass Inc., PFEIFER Group, Biomass Secure Power Inc., Energex Pellet Fuel, Inc., Lignetics, Georgia Biomass, LLC, African Briquet Factory, and Om Greentech Industries.

Pune, India, March 08, 2023 (GLOBE NEWSWIRE) — The rising demand for clean energy resources is expected to have a positive impact on the global market during the forecast period, states Fortune Business Insights, in a report, titled “Biomass Briquette Market Size, Share & Industry Analysis, By Raw Material (Wood, Agricultural Residue, Municipal Solid Waste (MSW), Others), By Application (Power Generation, Thermal Energy, Others) and Regional Forecast, 2023-2030” the rising global warming is expected to create lucrative opportunities for the market in the forthcoming years.

The Report Lists the Main Companies in the Biomass Briquette Market:

  • Enviva
  • Pacific BioEnergy
  • Drax Biomass Inc.
  • PFEIFER Group
  • Biomass Secure Power Inc.
  • Energex Pellet Fuel, Inc.
  • Lignetics, Georgia Biomass, LLC
  • African Briquet Factory
  • Om Greentech Industries.

Request Free Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/biomass-briquette-market-102750

Market Drivers & Restraints:

Escalating Shift towards Sustainable Energy Source to Stimulate Growth

The growing environmental concerns have led to the shift towards sustainable energy goals, which, in turn, will enable speedy expansion of the market in the forthcoming years. The growing necessity for clean energy sources is expected to be a vital factor bolstering the growth of the market. The growing awareness regarding the environmental benefits of biomass briquettes is likely to create growth opportunities for the market. For instance, the burning of biomass briquettes does not emit harmful pollutants or does not pose a serious threat to the environment. Furthermore, biomass briquettes are majorly used in power generation, thermal energy, and others. The thermal energy is predicted to hold the lion’s share during the forecast period owing to its demand in cooking and heating especially in the rural areas. Additionally, the wood is expected to account for the largest share in the global market owing to its low cost and feasible operation.

However, the low energy output as compared to traditional energy resources and lack of awareness about the benefits of biomass briquettes are factors expected to dampen the growth of the market.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/queries/biomass-briquette-market-102750

Segmenation of Market:

The biomass briquette industry is a rapidly growing sector that is gaining popularity due to its eco-friendly nature and cost-effectiveness. This industry is primarily based on the production of biomass briquettes, which are compressed and compacted forms of organic materials such as wood, agricultural residue, municipal solid waste (MSW), and other waste materials.

The raw material used for the production of biomass briquettes plays a crucial role in determining the quality and effectiveness of the final product. Wood is the most commonly used raw material for biomass briquette production, followed by agricultural residue such as rice husk, straw, and bagasse. Municipal solid waste (MSW) is also increasingly being used as a raw material for biomass briquette production. Other waste materials, such as sawdust, charcoal fines, and coconut shell, are also used as raw materials in this industry.

The biomass briquette industry has various applications, including power generation and thermal energy production. Biomass briquettes are widely used as a substitute for coal and other fossil fuels in thermal power plants and other industries. They are also used in households and small-scale industries for cooking and heating purposes.

The power generation sector is the largest consumer of biomass briquettes, accounting for the majority of the market share. This is mainly due to the growing demand for renewable energy sources and the increasing cost of fossil fuels. The thermal energy sector is also a significant consumer of biomass briquettes, with a growing trend towards the use of renewable and sustainable energy sources.

In conclusion, the biomass briquette industry is a rapidly growing sector that is driven by the increasing demand for renewable and sustainable energy sources. The industry has a wide range of raw materials and applications, with wood and agricultural residue being the most commonly used raw materials, and power generation and thermal energy being the main applications.

Covid-19 Impact Analysis:

The coronavirus occurrence has caused the world to a surprising standstill. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/biomass-briquette-market-102750

The report on the biomass briquette market contains:

  • Excellent understandings of the market
  • Systematic data with in-depth research
  • Market drivers exhibiting growth
  • Wide-ranging information about the regions

Regional Analysis:

Adoption of Clean Energy Sources to Accelerate Growth in North America

Geographically, the biomass briquette market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market in North America is expected to witness a rapid growth rate owing to the growing demand and adoption of clean energy sources. As per the EIA report in 2019, the total production of densified biomass fuel reached 11.84 million tons per year and collectively employed around 2,400 employees. Europe is expected to grow tremendously during the forecast period owing to the EU2020 target and sustainable energy goals. The market in Asia Pacific is expected to account for a significant share owing to the growing population and limited availability of energy resources in India and China. The growing agriculture sector is expected to boost the market in the region. The growing rural population dependability on natural resources is expected to augur well for the market in India. The lack of sufficient energy resources is expected to create opportunities for the market in Africa.

Key Industry Development:

December 2019: Mitsubishi introduced a biomass power generation project at Suzukawa Energy Center. The company is committed to sustainable energy development to reduce rising carbon emissions.

November 2018: Toshiba’s subsidiary announced the investment of 20 billion yen in the new biomass power plant. Toshiba has plans on investing in emerging technologies

Biomass Briquette Market Segmentation:

By Raw Material:

  • Wood
  • Agricultural Residue
  • Municipal Solid Waste (MSW)
  • Others

By Application:

  • Power Generation
  • Thermal Energy
  • Others

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/biomass-briquette-market-102750

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.