A comprehensive overview of the Wood Pellets market is recently added by UnivDatos Market Insights to its humongous database. The Wood Pellets market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Wood Pellets market. The Wood Pellets market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Wood Pellets market at the Middle-East and regional levels. The Middle-East Wood Pellets Market is expected to grow Higher by 2027.
Market Overview
Due to the increasing concern for protecting the environment government has been initiating many new reulations. For instance, in 2019, Ras Al Khaimah, launched Barjeel, the Green Building Regulations that sets minimum sustainability standards for new buildings. Buildings permitted under Barjeel are expected to consume 30% less energy and water as compared to a typical building in Ras Al Khaimah. Barjeel became mandatory for all new buildings from January 2020. The increasing awareness about sustainable sources has been boosting the demand for renewable energy
Furthermore, the UAE launched a national “Energy Strategy 2050” in January 2017. The UAE allocated over $163 billion to meet its goal to increase the contribution of clean energy sources in the total capacity mix to 50% (44% renewable and 6% nuclear) by 2050. This goes hand in hand with the UAE’s Vision 2021 strategic plan to generate 27% of its energy requirements from clean sources.
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Middle-East Wood Pellets Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Applications, the market is primarily bifurcated into
· Heat
· Combined Heat Power (CHP)
· Power
The Heat segment dominated the by product and services of the Middle-East Wood Pellets market and will row at XX% CAGR to reach US$ XX million by the year 2027.
By End-Users, the market is primarily bifurcated into
· Industrial
· Residential
· Commercial
The commercial segment is dominated by end-users of the Middle-East Wood Pellets market and will row at XX% CAGR to reach US$ XX billion by the year 2027.
Wood Pellets Market Geographical Segmentation Includes:
· Middle-East (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, Turkey, and Rest of Middle-East)
Based on the estimation, the Saudi Arabia region dominated the Wood Pellets market with almost US$ XX million in revenue in 2020 on account of the increasing government initiatives for adoption of cleaner energy sources
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The major players targeting the market includes
· German Pellets GmbH
· Pinnacle Renewable Energy Inc.
· Energex
· Enviva LP
· Segezha Group JSC
· Drax Group plc
· AS Graanul Invest
· Biopower Sustainable Energy Corp.
· Lignetics
· Canfor
Competitive Landscape
The degree of competition among prominent Middle-East companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as Middle-East market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Wood Pellets market. The major players have been analyzed by using research methodologies for getting insight views on Middle-East competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Wood Pellets market?
• Which factors are influencing the Wood Pellets market over the forecast period?
• What are the Middle-East challenges, threats, and risks in the Wood Pellets market?
• Which factors are propelling and restraining the Wood Pellets market?
• What are the demanding Middle-East regions of the Wood Pellets market?
• What will be the Middle-East market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by Middle-East companies?
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