![Global Wood Pellets Market](https://res.cloudinary.com/devmoveo/image/upload/v1686728391/skyquest/gallery/Global-Wood-Pellets-Market.jpg)
Report ID: SQMIG10B2081
Report ID:
SQMIG10B2081 |
Region:
Global |
Published Date: April, 2024
Pages:
178
|
Tables:
63 |
Figures:
77
Due to the rising demand for housing in the United States, North America generated USD 0.19 billion in revenue in 2022. The regional price competitiveness with propane and domestic heating oil, together with the growing replacement of traditional burners for improved automatic feed-in & comfort, are the primary variables affecting the North American market for wood pellets.
In 2022, Europe held an 82.7% share of the market. When it comes to using wood pellets to generate electricity, Europe is at the forefront of the world. The government's subsidies for the use of renewable energy sources are expected to cause an increase in the demand for wood pellets during the forecast period. The demand for the wood pellets needed to fuel the nation's expanding number of power plants is predicted to rise dramatically.
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Report ID: SQMIG10B2081