Pellet Fuel Market 2016 Share, Trend, Segmentation and Forecast Pellet Fuel Market - Global Industry Analysis, Siz | Page 2

Denmark Austria, Netherlands and Russia (Europe), Australia, China, Japan and New
Zealand (Asia Pacific). In Belgium, Netherlands and United Kingdom the pellet fuels
are mainly used as fuel for large scale power plants. In Denmark and Sweden the
pellet fuel is mainly used in the small scale power plants and residential heating
systems. As per the report published by the European Union, the United Kingdom
(4540000 tons), Denmark (2500000 tons) and Netherlands (2000000) tons are the
three largest pellet fuel consumers in Europe.
Development of high efficiency pellet fuel stoves, low green house gas emissions,
low cost of feedstock (corn, grass, wood), supportive government policies and
depleting fossil fuel reserves are the main factors that are acting as the drivers for
the development of the pellet fuel market. High costs associated with designing of
pellet fuel stoves and chimneys are the main restraints to the pellet fuel market.
Recent government policies encouraging the use of clean and renewable sources of
energy, depleting and unevenly distributed fossil fuel reserves can act as the
opportunities for the development of the fuel pellet market in future.
Major pellet fuel producing companies include German Pellets Louisiana, Enviva
Pellets Northampton LLC, Enova Energy Group, Bear Mountain Forest Products and
Farm Renewable Fuels.
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