MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL WOOD PELLET FUEL MARKET FORECAST AND OPPORTUNITIES 2017 – 2027
5.1. Brand Awareness 5.2. Key Factors For Selecting Wood Pellet Supplier 5.3. Key Satisfaction Level 5.4. Key Challenges Faced 6. Global Wood Pellet Fuel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Feedstock (Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs, Gardening Waste, etc.})
6.2.2. By Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers)
6.2.3. By Application (CHP/District Heating, Power Plants, Residential Heating, and Commercial Heating)
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Market Map (By Feedstock, By Heating Application, By Application, By Region)
7. Europe Wood Pellet Fuel Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Feedstock
7.2.2. By Heating Application
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Product Overview 2.
3.
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Research Methodology
Executive Summary 4. Impact of COVID-19 on Global Wood Pellet Fuel Market 5. Voice of Customer
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7.2.3. By Application
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. United Kingdom Wood Pellet Fuel Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Feedstock
7.3.1.2.2. By Heating Application 7.3.1.2.3. By Application
7.3.2. Italy Wood Pellet Fuel Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Feedstock
7.3.2.2.2. By Heating Application 7.3.2.2.3. By Application
7.3.3. Germany Wood Pellet Fuel Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Feedstock
7.3.3.2.2. By Heating Application 7.3.3.2.3. By Application
7.3.4. France Wood Pellet Fuel Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
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7.3.4.2.1. By Feedstock
7.3.4.2.2. By Heating Application
7.3.4.2.3. By Application
7.3.5. Spain Wood Pellet Fuel Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Feedstock
7.3.5.2.2. By Heating Application
7.3.5.2.3. By Application
8. Asia-Pacific Wood Pellet Fuel Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Size & Forecast
8.2.1. By Feedstock 8.2.2 By Heating Application
8.2.3. By Application 8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Wood Pellet Fuel Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Feedstock
8.3.1.2.2. By Heating Application
8.3.1.2.3. By Application
8.3.2. Japan Wood Pellet Fuel Market Outlook
8.3.2.1. Market Size & Forecast
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8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Feedstock 8.3.2.2.2. By Heating Application 8.3.2.2.3. By Application
8.3.3. South Korea Wood Pellet Fuel Market Outlook
8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Feedstock 8.3.3.2.2. By Heating Application 8.3.3.2.3. By Application
8.3.4. Australia Wood Pellet Fuel Market Outlook
8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Feedstock 8.3.4.2.2. By Heating Application 8.3.4.2.3. By Application
8.3.5. India Wood Pellet Fuel Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Feedstock 8.3.5.2.2. By Heating Application 8.3.5.2.3. By Application
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9. North America Wood Pellet Fuel Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Size & Forecast
9.2.1. By Feedstock
9.2.2 By Heating Application
9.2.3. By Application
9.2.4. By Country
9.3. North America: Country Analysis
9.3.1. United States Wood Pellet Fuel Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Feedstock
9.3.1.2.2. By Heating Application 9.3.1.2.3. By Application
9.3.2. Canada Wood Pellet Fuel Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Feedstock
9.3.2.2.2. By Heating Application
9.3.2.2.3. By Application
9.3.3. Mexico Wood Pellet Fuel Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Feedstock 9.3.3.2.2. By Heating Application
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9.3.3.2.3. By Application
10. Rest of the World Wood Pellet Fuel Market Outlook
10.1. Market Size & Forecast 10.1.1. By Value
10.2. Market Size & Forecast 10.2.1. By Feedstock 10.2.2 By Heating Application 10.2.3. By Application 10.2.4. By Country
10.3. Rest of the World: Country Analysis
10.3.1. Brazil Wood Pellet Fuel Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Feedstock 10.3.1.2.2. By Heating Application 10.3.1.2.3. By Application
10.3.2. Argentina Wood Pellet Fuel Market Outlook
10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Value 10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Feedstock 10.3.2.2.2. By Heating Application 10.3.1.2.3. By Application
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10.3.3. Colombia Wood Pellet Fuel Market Outlook
10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Feedstock 10.3.3.2.2. By Heating Application 10.3.3.2.3. By Application 11. Market Dynamics
11.1.
13. Company Profiles
13.1. Wood Pellet Energy UK
13.2. Drax Group Plc 13.3. Enviva
13.4. German Pellets GmbH
13.5. Stora Enso Oyj
13.6. Pacific BioEnergy 13.7. Wood & Sons
13.8. Land Energy Girvan Limited
13.9. AS Graanul Invest
13.10. Energex American, Inc.
13.11. An Viet Phat Group (AVP Group)
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Drivers 11.2. Challenges 12. Market Trends and Developments
14.
About
Disclaimer Table of Contents
Strategic Recommendations 15.
Us &
Product Overview
10 © TechSci Research Product Overview Product of Interest: Wood Pellet Fuel Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range GLOBAL WOOD PELLET FUEL MARKET BY FEEDSTOCK • Forest Wood & Waste • Agriculture Residue • Others BY REGION
Europe
North America
Asia-Pacific • Rest of the World Biofuels produced from compressed wood fiber are known as wood pellets. Pellets can be produced from biomass such as industrial waste and co-products, food waste, agricultural waste, energy crops, and untreated lumber. Wood pellets can be used in place of charcoal, firewood, oil, and gas for various applications like heating, cooking, boiler, and power plants. Market Segmentation BY APPLICATION • CHP/District Heating • Power Plants • Residential Heating • Commercial Heating BY HEATING APPLICATION • Free Standing Pellet Stove • Pellet Stove Inserts • Pellet Boilers
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Research Methodology
In-depth secondary research was conducted to determine overall market size, segmental market size and top companies in Global Wood Pellet Fuel Market.
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
List of leading companies and industry specialists was developed.
TechSci conducted interviews with industry experts and top companies for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Wood Pellet Fuel Market.
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Key Opinion Leaders Questionnaire Design
Collectio
Questionnair e
Data Validatio n Data
Identifying
In-depth Interviews Data
n Developing List of Respondents Formulating
Market Profiling
Analysis
Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion Market Participants Key Strengths LinkedIn TechSci Internal Database LinkedIn TechSci Internal Database Factiva Hoovers Factiva Hoovers Paid Sources Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Secondary Research Secondary Research Primary Research Primary Research
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Global Wood Pellet Fuel Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing use of biomass for power generation, growing focus toward renewable energy sources, rising demand for wood pellets from developing economies, etc., and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Global Wood Pellet Fuel Market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the Global Wood Pellet Fuel Market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021.
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Research Methodology
Respondents were asked about the current and future market growth rates, as well as market shares by feedstock, by heating application, by application, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the response received from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by feedstock, by heating application, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading Wood Pellet Fuel companies. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the Global Wood Pellet Fuel Market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results.
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Research Methodology
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Global Wood Pellet Fuel Market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario.
Partial List of Companies Interviewed
Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva German Pellets GmbH, Stora Enso Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest, Energex American, Inc., An Viet Phat Group (AVP Group) among others.
Partial List of Secondary Sources
BP Statistical Review of World Energy 2021, International Energy Agency, Energy Information Administration, Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.
Note: Sum of some shares may not be 100% due to round off till two decimal places.
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Industry Brief
Global wood pellet fuel market is expected to grow with increasing advancements in energy and power generations. According to TechSci Research report, “Wood Pellet Fuel Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, Global wood pellet fuel market is expected to register growth at 7.73% CAGR value during the forecast period, 2023-2027F, to achieve the market value of USD16789.59 million by the year 2027F. The rising demand for energy-efficient solutions and power generation is actively driving the growth of the global wood pellet fuel market in the upcoming five years. The rising demand for eco-friendly alternatives further supports the growth of the global wood pellet fuel market in the next five years. Additionally, increasing deployment of renewable energy facilities around the globe would further enhance the product penetration and thus aids the growth of the global wood pellet fuel market in the future five years. Industrial growth is also aided by easier availability of wood pellet fuel feedstock and low cost of production. These factors have further supported the higher consumption in the industrial sector. Rising concerns among the population regarding excessive use of fossil fuels and natural gas and its increasing prices would further fuel the growth of the global wood pellet fuel market in the forecast years through 2027F. Moreover, emissions of greenhouse gases will also facilitate the growth of the global wood pellet fuel market in the future. Norms laid down by the Sustainable Forestry Initiative and Forest Stewardship Council may hamper the market growth since they regulate the deforestation and woodcutting processes. The untapped potential of lignocellulosic waste in emerging economies, such as China and India, is anticipated to offer lucrative opportunities for the market players. The global wood pellet fuel market is segmented by feedstock, heating application, application, regional distribution, and company analysis. Based on feedstock, the market is fragmented into forest wood & waste, agriculture residue, and others like bark, twigs, gardening waste, etc. Forest wood and waste segment is anticipated to hold the largest revenue share of around USD11936.13 million. The segment is also expected to register the fastest growing CAGR of about 8.04% CAGR during the forecast period, 2023-2027F. Increasing deforestation activities and growing demand for wood for various industrial purposes is further anticipated to drive the growth of the global wood pellet fuel market in the upcoming five years. Moreover, the forests are the cheapest sources of raw material to produce the wood pellet. Also, the wood pellets
By the method of heating application, the market is further segmented into free-standing pellet stoves, pellet stove inserts, and pellet boilers. Based on application, the market is further fragmented into CHP/district heating, power plants, residential heating, and commercial heating. On the basis of regional distribution, the market is divided into Europe, Asia-Pacific, North America and the Rest of the World. The market size of the USA was USD711.25 million in 2021.
Some of the market players dominating the global wood pellet fuel market include Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva, German Pellets GmbH, Stora Enso Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest, Energex American, Inc., An Viet Phat Group (AVP Group)
“Europe wood pellet fuel market's value was over 49.41% in 2021, and the region is expected to further dominate the regional analysis in the upcoming five years on the grounds of increasing demands for the wood pellets for energy generation in the residential and commercial sectors. Growing demands for the power plants and rapidly surging energy generation in the region further support the growth of the global wood pellet fuel market in the future five years. In Europe, the Renewable Energy Sources (RES) demand was rapidly growing and accounted for around 17% of the total energy consumption in the region from 2017 to 2020. The steps are taken to control the carbon emission from the energy sector, market liberalization, policy changes, climate changes, etc., have led to product acceptance in the European countries rapidly. New market players are expected to invest in research and develop a technologically advanced method of energy generation through wood pellets. Increasing investments in the research segment and focusing their resources on further development of the technology would also substantiate the brand establishment for the new market entrants,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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17 © TechSci Research Sample Data - Snapshot 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) Global Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% Europe Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Germany Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
18 © TechSci Research Report Order 4 Report Name: GLOBAL WOOD PELLET FUEL MARKET FORECAST AND OPPORTUNITIES 2017 – 2027 To View Sample OR Purchase Report License Type Price Single User License $4900 Multi-User License $5900 Custom Research License $8900
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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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