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Wood Pellet Fuel Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMEP21511

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Published On

November 2021

Total pages

282 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Wood pellets are small 10-20 mm long small cylindrical pieces with diameters that vary from 5 to 10 mm which are produced from fine-ground wood bark. They are usually used a fuels and can be automatically fed into the burner thanks to their small and fixed form. On the other hand, energy is consumed in the drying process and in grinding wood barks used for making wood pellets.

Overall the ratio of output energy to input energy is relatively high in wood pellets than wood chips, but wood pellets can be efficiently used in residential houses and be burnt efficiently in relatively small stoves. The energy efficiency of wood pellet production system must be improved to reduce their greenhouse gas (GHG) emission for expanding the use of wood pellets as a major source of energy.

Based on Feedstock, the Wood Pellet Fuel market is segmented into Forest Wood & Waste, Agriculture Residue and Others. Amongst Feedstock, the Forest Wood & Waste segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Heating Application, the Wood Pellet Fuel Market is segmented into Free Standing Pellet Stove, Pellet Stove Inserts and Pellet Boilers. Amongst Heating Application, Free Standing Pellet Stove segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analyzed period.

Based on Application, the Wood Pellet Fuel market is segmented into CHP/District Heating, Power Plants, Residential Heating and Commercial Heating. Amongst application, the Residential Heating segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

For a better understanding of the market adoption of Wood Pellet Fuel Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe will dominate the Wood Pellet Fuel market on account of increasing environmental awareness.

Some of the major players operating in the market include Andritz AG, Energex, Rentech, Inc., The Westervelt Company, Enito Singpellet Pte Ltd., F.E. Wood & Sons, Enviva LP, Pinnacle Renewable Energy Group, Wood Pellet Energy (UK) LTD, and German Pellets GmbH. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Wood Pellet Fuel Market was valued at USD 9.5 billion in 2020 and is projected to expand significantly with a CAGR of 9.5% from 2021-2027F to USD 18 billion in 2027. The Wood Pellet Fuel Market is expected to witness a boost on account of its high adoption in the Europe region.

Scope of the Report

Products

Wood pellets are small 10-20 mm long small cylindrical pieces with diameters that vary from 5 to 10 mm which are produced from fine-ground wood bark.

Companies

Andritz AG, Energex, Rentech, Inc., The Westervelt Company, Enito Singpellet Pte Ltd., F.E. Wood & Sons, Enviva LP, Pinnacle Renewable Energy Group, Wood Pellet Energy (UK) LTD, and German Pellets GmbH

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Wood Pellet Fuel Market

2.2. Research Methodology of the Wood Pellet Fuel Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Wood Pellet Fuel Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 WOOD PELLET FUEL MARKET COVID-19 IMPACT

6 WOOD PELLET FUEL MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY FEEDSTOCK

7.1. Forest Wood & Waste

7.2. Agriculture Residue

7.3. Others

8 MARKET INSIGHTS BY HEATING APPLICATION

8.1. Free Standing Pellet Stove

8.2. Pellet Stove Inserts

8.3. Pellet Boilers

9 MARKET INSIGHTS BY APPLICATION

9.1. CHP/District Heating

9.2. Power Plants

9.3. Residential Heating

9.4. Commercial Heating

10 MARKET INSIGHTS BY REGION

10.1. NORTH AMERICA WOOD PELLET FUEL MARKET

10.1.1. United States of America

10.1.2. Canada

10.1.3. Rest of North America

10.2. EUROPE WOOD PELLET FUEL MARKET

10.2.1. United Kingdom

10.2.2. Germany

10.2.3. France

10.2.4. Spain

10.2.5. Italy

10.2.6. Rest of Europe

10.3. ASIA-PACIFIC WOOD PELLET FUEL MARKET

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia-Pacific

10.4. REST OF THE WORLD WOOD PELLET FUEL MARKET

11 WOOD PELLET FUEL MARKET DYNAMICS

11.1. Drivers

11.2. Challenges

11.3. Impact Analysis

12 WOOD PELLET FUEL MARKET OPPORTUNITIES

13 WOOD PELLET FUEL MARKET TRENDS

14 LEGAL AND REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Andritz AG

18.2. Energex

18.3. Rentech, Inc.

18.4. The Westervelt Company

18.5. Enito Singpellet Pte Ltd.

18.6. F.E. Wood & Sons

18.7. Enviva LP

18.8. Pinnacle Renewable Energy Group

18.9. Wood Pellet Energy (UK) LTD

18.10. German Pellets GmbH

19 DISCLAIMER

Research Methodology

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