Report ID: SQMIG10B2032
Industrial Wood Pellet Market Size, Share, Growth Analysis, By Feedstock(forest waste, and agricultural waste), By Application(the industrial wood pellet market is segmented into power generation, and combined heat & power (CHP) ), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG10B2032 |
Region:
Global |
Published Date: April, 2024
Pages:
178
|
Tables:
61 |
Figures:
75
Industrial Wood Pellet Market Regional Insights
Europe is anticipated to capture the global industrial wood pellet market during the forecast period. Increasing consumption rate of pellet-based energy in the U.K. is propelling the wood pellets growth in the region. The high demand from large-scale power plants for wood pellets in the U.K., Belgium, and the Netherlands may boost the demand in the region as residential applications of pellets is insignificant.
North America is anticipated to grow substantially during the anticipated period due to the growing residential demand from the United States, increasing substitutes of traditional burners for developing automatic feed-in & comfort. However, Canada is growing at a healthy pace due to increasing usage in the residential heating and power plants sector.
Asia Pacific is, however, estimated to hold a considerable market share during the anticipated timeline thanks to the increasing growth rate of wood pellets from China, South Korea, and Japan in the region. The demand for wood pellets is boosting the power plants for electricity generation and may significantly grow due to the increasing number of power plants in the region.
Industrial Wood Pellet Market Report Snapshots
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