• The United States Biomass Solid Fuels (BSF) market size was valued at US$ 1.24 billion in 2024 and is projected to reach US$ 1.68 billion by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
• Biomass Solid Fuels are renewable energy sources derived from organic materials, including wood pellets, agricultural residues, and energy crops, used for heat and power generation as alternatives to fossil fuels.
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• The US Biomass Solid Fuels market is growing steadily, driven by increasing focus on renewable energy, government incentives for biomass utilization, and efforts to reduce carbon emissions. In 2023, total production reached 12 million tons, with residential heating applications accounting for 40% of market value. The market saw a 15% increase in demand for wood pellets in 2023, particularly for use in residential and commercial heating systems. Use in industrial boilers and power plants is growing at 10% annually. The market is witnessing a trend towards improved fuel quality and standardization, with a 20% year-over-year increase in production of premium-grade wood pellets. Adoption of agricultural residues and energy crops for BSF production grew by 25% in 2023. Key producers are focusing on developing more efficient and sustainable production processes, with a 30% increase in R&D investments for torrefaction and other biomass upgrading technologies. The industry is also seeing increased interest in co-firing biomass with coal in power plants, with a 35% rise in pilot projects exploring this approach for reducing emissions in existing facilities.
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