Wood Pellet Market
Wood Pellet Market - Global Industry Assessment & Forecast
Segments Covered
- By Application Heating, Power Generation, CHP
- By End Use Residential, Commercial, Industrial
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 8.4 Billion |
Revenue 2030: | USD 12.4 Billion |
Revenue CAGR (2023 - 2030): | 5.8% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Wood Pellet Market - Segment Analysis
- Overview
- Global Wood Pellet Market, 2016 - 2028 (USD Million)
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Global Wood Pellet Market - by Application
- By Heating
- By Power Generation
- By CHP
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Global Wood Pellet Market - by End Use
- By Residential
- By Commercial
- By Industrial
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Global Wood Pellet Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Wood Pellet Market - Segment Analysis
- Overview
- North America Wood Pellet Market, 2016 - 2028 (USD Million)
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North America Wood Pellet Market, by Application
- By Heating
- By Power Generation
- By CHP
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North America Wood Pellet Market, by End Use
- By Residential
- By Commercial
- By Industrial
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North America Wood Pellet Market, by Country
- U.S.
- U.S. Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- U.S. Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- U.S. Wood Pellet Market, By Application
- Canada
- Canada Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Canada Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Canada Wood Pellet Market, By Application
- Mexico
- Mexico Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Mexico Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Mexico Wood Pellet Market, By Application
- U.S.
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Europe Wood Pellet Market - Segment Analysis
- Overview
- Europe Wood Pellet Market, 2016 - 2028 (USD Million)
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Europe Wood Pellet Market, by Application
- By Heating
- By Power Generation
- By CHP
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Europe Wood Pellet Market, by End Use
- By Residential
- By Commercial
- By Industrial
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Europe Wood Pellet Market, by Country
- Germany
- Germany Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Germany Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Germany Wood Pellet Market, By Application
- UK
- UK Market, By Application
- By Heating
- By Power Generation
- By CHP
- UK Market, By End Use
- By Residential
- By Commercial
- By Industrial
- UK Market, By Application
- France
- France Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- France Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- France Wood Pellet Market, By Application
- Spain
- Spain Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Spain Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Spain Wood Pellet Market, By Application
- Italy
- Italy Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Italy Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Italy Wood Pellet Market, By Application
- BENELUX
- BENELUX Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- BENELUX Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- BENELUX Wood Pellet Market, By Application
- Rest of Europe
- Rest Of Europe Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Rest Of Europe Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Rest Of Europe Wood Pellet Market, By Application
- Germany
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Asia Pacific Wood Pellet Market - Segment Analysis
- Overview
- Asia Pacific Wood Pellet Market, 2016 - 2028 (USD Million)
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Asia Pacific Wood Pellet Market, by Application
- By Heating
- By Power Generation
- By CHP
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Asia Pacific Wood Pellet Market, by End Use
- By Residential
- By Commercial
- By Industrial
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Asia Pacific Wood Pellet Market, by Country
- China
- China Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- China Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- China Wood Pellet Market, By Application
- Japan
- Japan Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Japan Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Japan Wood Pellet Market, By Application
- India
- India Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- India Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- India Wood Pellet Market, By Application
- South Korea
- South Korea Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- South Korea Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- South Korea Wood Pellet Market, By Application
- South East Asia
- South East Asia Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- South East Asia Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- South East Asia Wood Pellet Market, By Application
- Rest of Asia Pacific
- Rest of Asia Pacific Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Rest of Asia Pacific Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Rest of Asia Pacific Wood Pellet Market, By Application
- China
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Latin America Wood Pellet Market - Segment Analysis
- Overview
- Latin America Wood Pellet Market, 2016 - 2028 (USD Million)
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Latin America Wood Pellet Market, by Application
- By Heating
- By Power Generation
- By CHP
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Latin America Wood Pellet Market, by End Use
- By Residential
- By Commercial
- By Industrial
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Latin America Wood Pellet Market, by Country
- Brazil
- Brazil Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Brazil Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Brazil Wood Pellet Market, By Application
- Argentina
- Argentina Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Argentina Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Argentina Wood Pellet Market, By Application
- Rest of Latin America
- Rest of Latin America Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Rest of Latin America Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Rest of Latin America Wood Pellet Market, By Application
- Brazil
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Middle East & Africa Wood Pellet Market - Segment Analysis
- Overview
- Middle East & Africa Wood Pellet Market, 2016 - 2028 (USD Million)
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Middle East & Africa Wood Pellet Market, by Application
- By Heating
- By Power Generation
- By CHP
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Middle East & Africa Wood Pellet Market, by End Use
- By Residential
- By Commercial
- By Industrial
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Middle East & Africa Wood Pellet Market, by Country
- GCC Countries
- GCC Countries Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- GCC Countries Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- GCC Countries Wood Pellet Market, By Application
- South Africa
- South Africa Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- South Africa Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- South Africa Wood Pellet Market, By Application
- Rest of Middle East & Africa
- Rest of Middle East & Africa Wood Pellet Market, By Application
- By Heating
- By Power Generation
- By CHP
- Rest of Middle East & Africa Wood Pellet Market, By End Use
- By Residential
- By Commercial
- By Industrial
- Rest of Middle East & Africa Wood Pellet Market, By Application
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- Energex Inc. (Australia)
- Enviva LP (U.S.)
- Graanul Invest (Estonia)
- Drax Biomass (U.S.)
- Pinnacle (Canada)
- Sinclar Group Forest Products (Canada)
- Lauzon (Canada)
- Wood Pellet Energy Ltd. (UK)
- United Company (U.S.)
- Highland Pellets LLC (U.S.)
- Groupe Savoie Inc. (Canada)
- I.C.S. (Lacroix) Lumber Inc. (Canada)
- Vermont Wood Pellet Company (U.S.)
- AVP Group (Germany)
- Farm Fuels (U.S.)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Wood Pellet in terms of revenue?
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The global Wood Pellet valued at USD 8.4 Billion in 2022 and is expected to reach USD 12.4 Billion in 2030 growing at a CAGR of 5.8%.
Which are the prominent players in the market?
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The prominent players in the market are Energex Inc. (Australia), Enviva LP (U.S.), Graanul Invest (Estonia), Drax Biomass (U.S.), Pinnacle (Canada), Sinclar Group Forest Products (Canada), Lauzon (Canada), Wood Pellet Energy Ltd. (UK), United Company (U.S.), Highland Pellets LLC (U.S.), Groupe Savoie Inc. (Canada), I.C.S. (Lacroix) Lumber Inc. (Canada), Vermont Wood Pellet Company (U.S.), AVP Group (Germany), Farm Fuels (U.S.).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.8% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Wood Pellet include
- Increasing Global Demand for Renewable Energy
Which region accounted for the largest share in the market?
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Europe was the leading regional segment of the Wood Pellet in 2022.