Market Research Report
Global Wood Pellet Fuel Market, By Feedstock, By Heating Application, By Application, By Region, Competition Forecast & Opportunities, 2026
|Global Wood Pellet Fuel Market, By Feedstock, By Heating Application, By Application, By Region, Competition Forecast & Opportunities, 2026|
Published: September 1, 2021
Content info: 119 Pages
Delivery time: 2-3 business days
Global wood pellet fuel market is expected to grow at a steady CAGR for the forecast period, 2022-2026. Rising awareness regarding the harmful impact of the carbon emissions emitted from the non-renewable sources of energy on the environment and the adoption of eco-friendly energy sources is accelerating the demand for renewable energy sources. Wood pellet fuels are considered to be an alternative for non-renewable energy sources such as replacing natural gas and coal in prominent industrial sectors thereby are in high demand across the globe. Wood pellet fuels are cost-effective and emit lower carbon emissions into the environment. The growing use of wood pellet fuels for electricity generation to reduce the level of carbon emission in coal-based power plants is expected to boost the growth of the global wood pellet fuel market in the next five years. Wood pellet fuel can also be used for residential heating in automatic stoves & boilers. The high demand from the industrial sector for wood pellet fuel owing to their easy availability and low cost required for production purposes is ensuring its high consumption. Growing prices of natural gas and other fossil fuels such as petroleum, diesel compared to the cost of wood pellet fuel and the limited presence of fossil fuels are contributing significantly to the surge in demand for wood pellet fuel as an energy source across the globe.
Global wood pellet fuel market is segmented into feedstock, heating application, application, regional distribution, and company. Based on the regional analysis, the Europe region is expected to dominate the global wood pellet fuel market in the forecast period, 2022-2026. Europe is a major producer as well as consumer of wood pellet fuel. The use of pellets in Europe for different purposes including commercial heating, residential heating, power plants, and others is expected to accelerate the wood pellet fuel market growth.
The major players operating in the global wood pellet fuel market are Wood Pellet Energy (UK) LTD, Energex, Rentech, Inc., Pinnacle Renewable Energy Group, The Westervelt Company Inc., German Pellets GmbH, F.E. Wood & Sons, Enviva LP, and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers, which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global wood pellet fuel market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global wood pellet fuel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global wood pellet fuel market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: