Global Wood Pellets Market

Wood Pellets Market Size, Share, Growth Analysis, By Application(Heating, Power Generation, CHP), By End Use(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG10B2081 | Region: Global | Published Date: April, 2024
Pages: 178 | Tables: 63 | Figures: 77

Wood Pellets Market Regional Insights

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Wood Pellets Market size was valued at USD 8.71 billion in 2022 and is poised to grow from USD 9.20 billion in 2023 to USD 14.22 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).

In order to maintain competition, maximize profitability, and gain a firm footing in the market, the top players in the wood pellet business have been regularly merging and acquiring smaller companies. the major participants in the world wood pellets industry. Through the creation of a bigger brand portfolio and high-quality packaging for brand identification, the wood pellets industry participants have amassed a sizable consumer base. 'Enviva (United States)', 'Drax Group (United Kingdom)', 'Pinnacle Renewable Energy (Canada)', 'German Pellets (Germany)', 'Graanul Invest (Estonia)', 'Viridis Energy (Canada)', 'Rentech (United States)', 'Fram Renewable Fuels (United States)', 'Biomass Secure Power (Canada)', 'Energex (United States)', 'Lignetics (United States)', 'Energia Puros (Mexico)', 'Woodville Pellets (United States)', 'Appalachian Wood Pellets (United States)', 'The Westervelt Company (United States)', 'Verdo Renewables (Denmark)', 'Highland Pellets (United States)', 'EnviroWood (United States)', 'Curran Renewable Energy (United States)', 'Georgia Biomass (United States)', 'New Biomass Energy (United States)', '3Wood (United States)'

Wood pellets are considered a carbon-neutral fuel source because the carbon dioxide emitted during combustion is offset by the carbon dioxide absorbed by trees during their growth. This attribute aligns with the goal of achieving carbon neutrality and reducing carbon footprints in various industries. The sustainability of wood pellets, when produced from responsibly managed forests, is a key driver for their adoption as a renewable energy source.

Growing Biomass Co-firing and CHP Plants : Biomass co-firing, where wood pellets are used alongside coal in power plants, and combined heat and power (CHP) plants are gaining popularity worldwide. Co-firing wood pellets with coal reduces carbon emissions and improves the overall environmental performance of power generation. CHP plants utilize wood pellets for combined heat and electricity generation, increasing energy efficiency and reducing reliance on conventional energy sources.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Industrial Wood Pellet Market
Buy Now GET FREE SAMPLE
Biomass Pellets Market
Buy Now GET FREE SAMPLE
Iron Ore Pellets Market
Buy Now GET FREE SAMPLE
Charcoal Market
Buy Now GET FREE SAMPLE
Ammunition Market
Buy Now GET FREE SAMPLE
Wood Pallet Market
Buy Now GET FREE SAMPLE
Wood Chipper Market
Buy Now GET FREE SAMPLE
Small Caliber Ammunition Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Wood Pellets Market

Report ID: SQMIG10B2081

$5,300
BUY NOW GET FREE SAMPLE