Global Wood Pellet Market, By Grade (Premium, Standard, Utility), Application (Residential Heating, Power Plants, Combined Heat and Power (CHP), Commercial Heating), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Wood Pellet Market
Wood pellet market will reach an estimated valuation of USD 18.42 billion by 2027, while registering this growth at a rate of 9.50% for the forecast period of 2020 to 2027. Wood pellet market report analyses the growth, which is currently being growing due to the accessibility of raw materials and labors at lower price.
Wood pellet is a solid fuel produced by densification and crushing of waste wood including industrial by-products such as old paper, forestry waste, and forestry residues. It is a renewable, clean-burning, and cost effective home heating option.
The growing carbon emission, increasing demand from the power generation industry, rising awareness regarding the usage of renewable energy sources for power generation, high combustion of wood pellet are some of the factors expected to drive the growth of the wood pellet market in the forecast period of 2020-2027. On the other hand, the rising government spending on the utilization of renewable energy for power generation will further create several opportunities that will lead to the growth of the wood pellet market in the above mentioned period.
However, direct exposure to wood dust produced during the manufacturing process can cause serious health problems such as allergic reactions and skin reactions which is expected to restrain the growth of the wood pellet market in the above mentioned period. In addition, the high price of a wood pellet stove will act as challenge to the wood pellet market growth.
This wood pellet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wood pellet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wood Pellet Market Scope and Market Size
Wood pellet market is segmented on the basis of grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of grade, the wood pellet market is segmented into premium, standard, and utility.
- On the basis of application, the wood pellet market is segmented into residential heating, power plants, combined heat and power (CHP), and commercial heating.
Wood Pellet Market Country Level Analysis
Wood pellet market is analysed and market size, volume information is provided by country, grade and application as referenced above.
The countries covered in the wood pellet market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the wood pellet market because of the growing consumption of these pellets among several industries to generate power while Asia-Pacific is estimated to grow in the forecast period of 2020-2027 due to the increasing cost of fuel.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wood Pellet Market Share Analysis
Wood pellet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wood pellet market.
The major players covered in the wood pellet market report are Drax Group, Enviva, INGPELLET Pte. Ltd, The Westervelt Company, Inc., Georgia Biomass, LLC, Energex, VT Wood Pellet Co LLC, SAVOIE, Premium Pellet Ltd., Snow Timber Pellets, Fram Fuels, BIOENECO SDN. BHD., Blue Sky Biomass (NV) Inc., Pellet Energy Systems Pvt. Ltd., Agon Biomass, Moss, Land Energy Girvan Limited, Lignetics Inc, Pinnacle Renewable Energy and Graanul Invest among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Wood Pellet Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.