Wood Pellets Market Size, Share & Trends Analysis Report By Application (Power Plants, Residential Heating, Commercial Heating, CHP Heating), By Region, And Segment Forecasts, 2020 - 2027

Published: Mar, 2020 | Pages: 118 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global wood pellets market size is expected to reach USD 18.22 billion by 2027, exhibiting a revenue-based CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. Wood pellets can be used as an alternative for fossil fuels as they are eco-friendly, sustainable, and carbon neutral in nature. This factor is anticipated to drive the growth of the market.

Rising demand from the power generation industry is likely to drive the market over the forecast period. In addition, increasing awareness regarding the use of renewable energy sources for power generation coupled with the high combustion of wood pellet is likely to augment the demand for wood pellets over the forecast period.

Rising concerns regarding global warming and climate change coupled with rising oil prices are expected to boost the demand for renewable energy. In addition, the increased government spending on the utilization of renewable energy for power generation is likely to augment the demand for wood pellets over the forecast period.

The market is characterized by the presence of large-scale manufacturers catering the global demand. The demand for wood pellet is high in developed economies including U.K., Germany, Netherlands, Italy, and U.S. owing to their increasing application for electricity generation in coal-fired power plants and domestic heating.

Further key findings from the report suggest:

• The power plants application segment is likely to register a CAGR of 7.4% in terms of revenue, over the forecast period

• Residential heating application held the leading wood pellets market share of 46.1% in 2019 owing to simple pellet heating technology coupled with minimum operation and maintenance requirements

• Commercial heating is expected to be fastest growing application segment exhibiting a CAGR of 11.8% by revenue owing to increasing use of wood pellets for the heating of federal or municipal buildings, office buildings, educational facilities, and other commercial buildings

• Europe accounted for the market share of 85.9% in 2019, owing to the high consumption of the product in U.K., Italy, Germany, Denmark, Sweden, France, and Belgium

• Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby gaining greater market share

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumption
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR’s Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Wood Pellets Market Variables, Trends & Scope
                    3.1. Market Segmentation & Scope
                    3.2. Industry Value Chain Analysis
                    3.3. Raw Material Trends
                         3.3.1. Factors affecting the quality of wood pellets:
                              3.3.1.1. Moisture Content
                              3.3.1.2. Particle Density
                              3.3.1.3. Mechanical Durability
                              3.3.1.4. Bulk Density and Pellet Size
                              3.3.1.5. Heating Value
                    3.4. Technology overview
                         3.4.1. Chippers & Hammer Mills:
                         3.4.2. Dryers:
                         3.4.3. The Pellet Mill:
                         3.4.4. Cooling and Storage:
                         3.4.5. Bagging or Bulk:
                    3.5. Regulatory Framework
                    3.6. Wood pellets manufacturing: Risk analysis
                         3.6.1. Wood Pellets Manufacturing Economics
                    3.7. Market Dynamics
                         3.7.1. Market Driver Analysis
                         3.7.2. Market Restraint Analysis
                    3.8. Business Environment Analysis: Wood Pellets Market
                         3.8.1. Industry Analysis - Porter’s
                              3.8.1.1. Supplier Power
                              3.8.1.2. Buyer power
                              3.8.1.3. Threat of substitutes
                              3.8.1.4. Threat of new entrants
                              3.8.1.5. Competitive rivalry
                         3.8.2. PESTEL Analysis
                              3.8.2.1. Political Landscape
                              3.8.2.2. Economic Landscape
                              3.8.2.3. Social Landscape
                              3.8.2.4. Technological Landscape
                              3.8.2.5. Environmental Landscape
                              3.8.2.6. Legal Landscape
Chapter 4. Wood Pellets Market: Application Estimates & Trend Analysis
                    4.1. Application Movement Analysis & Market Share, 2019 & 2027
                    4.2. Power plants
                         4.2.1. Market estimates and forecasts in power plants, 2016 - 2027 (Kilotons) (USD Million)
                    4.3. Residential heating
                         4.3.1. Market estimates and forecasts in residential heating, 2016 - 2027 (Kilotons) (USD Million)
                    4.4. Commercial heating
                         4.4.1. Market estimates and forecasts in commercial heating, 2016 - 2027 (Kilotons) (USD Million)
                    4.5. Combined Heat and Power (CHP)
                         4.5.1. Market estimates and forecasts in CHP, 2016 - 2027 (Kilotons) (USD Million)
Chapter 5. Wood Pellets Market: Regional Estimates & Trend Analysis
                    5.1. Wood pellets market: Regional movement analysis, 2017 & 2025
                    5.2. North America
                         5.2.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                         5.2.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.2.3. U.S.
                              5.2.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.2.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.2.4. Canada
                              5.2.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.2.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.2.5. Mexico
                              5.2.5.1. Market estimates and forecasts, 2016 - 2027 (tons) (USD Thousand)
                              5.2.5.2. Market estimates and forecasts, by application, 2016 - 2027 (tons) (USD Thousand)
                    5.3. Europe
                         5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                         5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.3.3. Germany
                              5.3.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.3.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.3.4. U.K.
                              5.3.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.3.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                    5.4. Asia Pacific
                         5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                         5.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.4.3. China
                              5.4.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.4.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.4.4. India
                              5.4.4.1. Market estimates and forecasts, 2016 - 2027 (tons) (USD Thousand)
                              5.4.4.2. Market estimates and forecasts, by application, 2016 - 2027 (tons) (USD Thousand)
                         5.4.5. Japan
                              5.4.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.4.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                    5.5. Central & South America
                         5.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                         5.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.5.3. Brazil
                              5.5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                              5.5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (tons) (USD Thousand)
                    5.6. Middle East & Africa
                         5.6.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                         5.6.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                         5.6.3. Egypt
                              5.6.3.1. Market estimates and forecasts, 2016 - 2027 (tons) (USD thousand)
                              5.6.3.2. Market estimates and forecasts, by application, 2016 - 2027 (tons) (USD Thousand)
Chapter 6. Competitive Analysis
                    6.1. Key Global Players & Recent Developments & Their Impact On The Industry
                    6.2. Vendor Landscape
                    6.3. Company Market Position Analysis
                    6.4. Public Companies
                         6.4.1. Competitive Dashboard Analysis
                    6.5. Private Companies
                         6.5.1. List Of Key Emerging Companies And Their Geographical Presence
Chapter 7. Company Profiles
                    7.1. Drax Group Plc
                         7.1.1. Company Overview
                         7.1.2. Financial Performance
                         7.1.3. Product Benchmarking
                         7.1.4. Strategic Initiatives
                    7.2. INGPELLET Pte. Ltd.
                         7.2.1. Company Overview
                         7.2.2. Financial Performance
                         7.2.3. Product Benchmarking
                         7.2.4. Strategic Initiatives
                    7.3. Enviva LP
                         7.3.1. Company Overview
                         7.3.2. Financial Performance
                         7.3.3. Product Benchmarking
                         7.3.4. Strategic Initiatives
                    7.4. Georgia Biomass, LLC
                         7.4.1. Company Overview
                         7.4.2. Financial Performance
                         7.4.3. Product Benchmarking
                         7.4.4. Strategic Initiatives
                    7.5. The Westervelt Company, Inc.
                         7.5.1. Company Overview
                         7.5.2. Financial Performance
                         7.5.3. Product Benchmarking
                         7.5.4. Strategic Initiatives
                    7.6. Pinnacle Renewable Energy Inc.
                         7.6.1. Company Overview
                         7.6.2. Financial Performance
                         7.6.3. Product Benchmarking
                         7.6.4. Strategic Initiatives
                    7.7. Energex
                         7.7.1. Company Overview
                         7.7.2. Financial Performance
                         7.7.3. Product Benchmarking
                         7.7.4. Strategic Initiatives
                    7.8. Wood Pellet Energy (UK) Ltd.
                         7.8.1. Company Overview
                         7.8.2. Financial Performance
                         7.8.3. Product Benchmarking
                         7.8.4. Strategic Initiatives
                    7.9. United Company
                         7.9.1. Company Overview
                         7.9.2. Financial Performance
                         7.9.3. Product Benchmarking
                         7.9.4. Strategic Initiatives
                    7.10. Groupe Savoie Inc.
                         7.10.1. Company Overview
                         7.10.2. Financial Performance
                         7.10.3. Product Benchmarking
                         7.10.4. Strategic Initiatives
                    7.11. Vermont Wood Pellet Co.
                         7.11.1. Company Overview
                         7.11.2. Financial Performance
                         7.11.3. Product Benchmarking
                         7.11.4. Strategic Initiatives
                    7.12. Pacific BioEnergy
                         7.12.1. Company Overview
                         7.12.2. Financial Performance
                         7.12.3. Product Benchmarking
                         7.12.4. Strategic Initiatives
                    7.13. Premium Pellet Ltd.
                         7.13.1. Company Overview
                         7.13.2. Financial Performance
                         7.13.3. Product Benchmarking
                         7.13.4. Strategic Initiatives
                    7.14. I.C.S. (Lacroix) Lumber Inc.
                         7.14.1. Company Overview
                         7.14.2. Financial Performance
                         7.14.3. Product Benchmarking
                         7.14.4. Strategic Initiatives
                    7.15. Lauzon Recycled Wood Energy
                         7.15.1. Company Overview
                         7.15.2. Financial Performance
                         7.15.3. Product Benchmarking
                         7.15.4. Strategic Initiatives

List of Tables

Table 1. Wood Pellets market estimates and forecasts, in power plants, 2016 - 2027 (Kilo Tons) (USD Million)
Table 2. Wood Pellets market estimates and forecasts, in residential heating, 2016 - 2027 (Kilo Tons) (USD Million)
Table 3. Wood Pellets market estimates and forecasts, in commercial heating, 2016 - 2027 (Kilo Tons) (USD Million)
Table 4. Wood Pellets market estimates and forecasts, in CHP, 2016 - 2027 (Kilo Tons) (USD Million)
Table 5. North America Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 6. North America Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 7. North America Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 8. U.S. Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 9. U.S. Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 10. U.S. Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 11. Canada Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 12. Canada Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 13. Canada Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 14. Mexico Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 15. Mexico Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 16. Mexico Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 17. Europe Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 18. Europe Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 19. Europe Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 20. Germany Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 21. Germany Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 22. Germany Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 23. U.K. Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 24. U.K. Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 25. U.K. Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 26. Asia Pacific Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 27. Asia Pacific Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 28. Asia Pacific Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 29. China Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 30. China Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 31. China Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 32. India Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 33. India Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 34. India Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 35. Japan Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 36. Japan Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 37. Japan Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 38. Central & South America Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 39. Central & South America Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 40. Central & South America Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 41. Brazil Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 42. Brazil Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 43. Brazil Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 44. Middle East & Africa Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 45. Middle East & Africa Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 46. Middle East & Africa Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Table 47. Egypt Wood Pellets market estimates and forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
Table 48. Egypt Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (Kilo Tons)
Table 49. Egypt Wood Pellets market estimates and forecasts, by application, 2016 - 2027 (USD Million)

List of Figures

Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom Up Approach
Fig. 5 Market research approaches - Top Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Wood Pellets Market - Market Segmentation
Fig. 8 Penetration and Growth Prospect Mapping
Fig. 9 Wood Pellets - Value Chain Analysis
Fig. 10 Wood Pellets - Market Dynamics
Fig. 11 Market Driver Analysis
Fig. 12 Market Restraint Analysis
Fig. 13 Wood Pellets Market: Application Movement Analysis, 2019 & 2027
Fig. 14 Wood Pellets Market: Regional Market Snapshot