Wood Pellet Fuel Market 2017-2027 By Size, Share, Growth, Trends, and Forecast

Report Description

Global wood pellet fuel market stood at USD10,533.55 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 7.73%, owing to rising demand for eco-friendly alternatives to non-renewable fuels, etc.

The term "wood pellet fuel" refers to biofuels made from compressed wood fibers. Pellets can be made from a variety of biomass sources, including industrial waste and byproducts, food waste, agricultural waste, energy crops, and untreated lumber. For uses such as heating, cooking, boilers, and power plants, wood pellets can be used in place of charcoal, firewood, oil, and gas.

European Green Deal

The European Green Deal, approved by the European Commission in 2020, is a set of policy initiatives aimed at achieving carbon neutrality for the European Union (EU) by 2050. Furthermore, an impact-evaluation proposal has been made to increase the EU's greenhouse gas emission reduction target for 2030 to at least 50% and up to 55% compared to 1990. The plan is to assess each existing law for climate implications and to enact new legislation on the circular economy, building renovation, biodiversity, farming, innovation, and carbon footprint reduction. The European Commission's climate change program, which was released in 2020, aims to make Europe a net-zero emitter of greenhouse gases by 2050, demonstrating that economies can thrive without utilizing additional resources. As a result, long-term use of wood pellets can help to reduce greenhouse gas emissions.

Research and Development

Environmental Product Declaration for Wooden Pellets is a project aimed at assisting the supply chain in making informed decisions about the impact of acquiring and specifying wood pellets. It also emphasizes the wood pellet fuel's renewable, biodegradable, reused, and recyclable qualities. Pellet Design System is another project looking at wood pellet fuel. This study aims to improve understanding of the links between wood pellet design and performance and the total unit load in order to achieve even greater resource efficiency in the future. Such studies and advances are aimed at improving the design and application of wood pellets. Ongoing optimizations are expected to boost wood pellet fuel sales and consumption, favorably impacting the global wood pellet fuel market in the coming years.

Pellet Stoves

In many ways, the pellet stove is the apex of household wood combustion innovation, combining traditional wood heat with automation and convenience. In the early 1980s, this appliance and its one-of-a-kind fuel were developed in the United States. Pellet stoves are more efficient than cordwood stoves because they use a low-moisture fuel and have automatic controls that keep the combustion atmosphere optimal, resulting in fewer emissions per unit of heat output. The introduction of pellet stoves has aided the expansion of the global wood pellet fuel market.

Bioenergy Innovations

In the context of global warming and contributing to the reduction of dependency on fossil fuels, modern wood pellet heating systems for space heating of detached houses have become a new technological alternative in many countries of the world. In recent years, such systems have shown to be more cost-effective in terms of total lifecycle heating expenses for consumers than oil-fired and electric boiler systems. However, market acceptance of this technology has been slow to date. Furthermore, due to global environmental concerns, the spread of hardwood pellet fuel is projected to continue. As a result, the adoption of wood pellet fuel in the coming years is expected to be positively influenced.

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Market Segmentation

The global wood pellet fuel market is segmented based on feedstock, heating application, application, region and company. Based on feedstock, the market is further fragmented into Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs, Gardening Waste, etc.}. Based on the Method of Heating Application, the market is segmented into (Free Standing Pellet Stove, 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 United States was USD711.25 million in 2021.

Company Profiles

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 are among the major market players in the global platform that lead the market growth of the global wood pellet fuel.

Attribute	Details
Market Size Value in 2021	USD10,533.55 million
Revenue Forecast in 2027	USD16,789.59 million
United States Market Size Value in 2021	USD711.25 million
Growth Rate	7.73%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in (USD million), and CAGR for 2017-2021 and 2022-2027
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Feedstock · Heating Application · Application · Region
Feedstock Scope	Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs, Gardening Waste, etc.}
Key Companies Profiled	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)
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Wood Pellet Fuel has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Wood Pellet Fuel Market, By Feedstock:

o Forest Wood & Waste

o Agriculture Residue

o Others

Wood Pellet Fuel Market, By Heating Application:

o Free Standing Pellet Stove

o Pellet Stove Inserts

o Pellet Boilers

· Wood Pellet Fuel Market, By Application:

CHP/District Heating
Power Plants

o Residential Heating

o Commercial Heating

· Wood Pellet Fuel Market, By Region:

o Europe

§ United Kingdom

§ Italy

§ Germany

§ France

§ Spain

§ Rest of Europe

o Asia-Pacific

§ China

§ Japan

§ South Korea

§ Australia

§ India

§ Rest of Asia-Pacific

o North America

§ United States

§ Canada

§ Mexico

o Rest of the World

§ Brazil

§ Argentina

§ Colombia

§ Rest of the World

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Wood Pellet Fuel.

Available Customizations:

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:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Service Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Wood Pellet Fuel Market

5. Voice of Customer

5.1. Brand Awareness

5.2. Key Factors for Selecting Service Provider

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 and 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

7.2.3. By Application

7.1.

7.2.

7.2.1.

7.2.2.

7.2.3.

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

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

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

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

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

10.3.2.2.3. By Application

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. Drivers

11.2. Challenges

12. Market Trends and Developments

13. Company Profiles

13.1. Wood Pellet Energy UK (LTD)

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)

14. Strategic Recommendations

Figures and Tables

List of Figures:

Figure 1: Global Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 2: Global Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 3: Global Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 4: Global Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 5: Global Wood Pellet Fuel Market Share, By Region, By Value, 2017-2027F

Figure 6: Global Wood Pellet Fuel Market Share, By Company, By Value, 2021

Figure 7: Global Wood Pellet Fuel Market Map, By Feedstock, Market Size (USD Million) & Growth Rate (%), 2021

Figure 8: Global Wood Pellet Fuel Market Map, By Heating Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Global Wood Pellet Fuel Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Global Wood Pellet Fuel Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Europe Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 12: Europe Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 13: Europe Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 14: Europe Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 15: Europe Wood Pellet Fuel Market Share, By Country, By Value, 2017-2027F

Figure 16: United Kingdom Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 17: United Kingdom Renewable Energy Capacity (MW), 2017-2020

Figure 18: United Kingdom Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 19: United Kingdom Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 20: United Kingdom Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 21: Italy Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 22: Italy Renewable Energy Capacity (MW), 2017-2020

Figure 23: Italy Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 24: Italy Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 25: Italy Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 26: Germany Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 27: Germany Renewable Energy Capacity (MW), 2017-2020

Figure 28: Germany Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 29: Germany Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 30: Germany Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 31: France Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 32: France Renewable Energy Capacity (MW), 2017-2020

Figure 33: France Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 34: France Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 35: France Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 36: Spain Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 37: Spain Renewable Energy Capacity (MW), 2017-2020

Figure 38: Spain Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 39: Spain Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 40: Spain Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 41: Asia-Pacific Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 42: Asia-Pacific Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 43: Asia-Pacific Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 44: Asia-Pacific Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 45: Asia-Pacific Wood Pellet Fuel Market Share, By Country, By Value, 2017-2027F

Figure 46: China Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 47: China Renewable Energy Capacity (MW), 2017-2020

Figure 48: China Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 49: China Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 50: China Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 51: Japan Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 52: Japan Renewable Energy Capacity (MW), 2017-2020

Figure 53: Japan Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 54: Japan Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 55: Japan Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 56: South Korea Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 57: South Korea Renewable Energy Capacity (MW), 2017-2020

Figure 58: South Korea Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 59: South Korea Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 60: South Korea Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 61: Australia Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 62: Australia Renewable Energy Capacity (MW), 2017-2020

Figure 63: Australia Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 64: Australia Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 65: Australia Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 66: India Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 67: India Renewable Energy Capacity (MW), 2017-2020

Figure 68: India Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 69: India Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 70: India Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 71: North America Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 72: North America Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 73: North America Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 74: North America Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 75: North America Wood Pellet Fuel Market Share, By Country, By Value, 2017-2027F

Figure 76: United States Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 77: United States Renewable Energy Capacity (MW), 2017-2020

Figure 78: United States Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 79: United States Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 80: United States Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 81: Canada Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 82: Canada Renewable Energy Capacity (MW), 2017-2020

Figure 83: Canada Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 84: Canada Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 85: Canada Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 86: Mexico Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 87: Mexico Renewable Energy Capacity (MW), 2017-2020

Figure 88: Mexico Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 89: Mexico Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 90: Mexico Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 91: Rest of the World Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 92: Rest of the World Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 93: Rest of the World Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 94: Rest of the World Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 95: Rest of the World Wood Pellet Fuel Market Share, By Country, By Value, 2017-2027F

Figure 96: Brazil Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 97: Brazil Renewable Energy Capacity (MW), 2017-2020

Figure 98: Brazil Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 99: Brazil Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 100: Brazil Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 101: Argentina Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 102: Argentina Renewable Energy Capacity (MW), 2017-2020

Figure 103: Argentina Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 104: Argentina Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 105: Argentina Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Figure 106: Colombia Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F

Figure 107: Colombia Renewable Energy Capacity (MW), 2017-2020

Figure 108: Colombia Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F

Figure 109: Colombia Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F

Figure 110: Colombia Wood Pellet Fuel Market Share, By Application, By Value, 2017-2027F

Frequently asked questions

What was the market size of the global wood pellet fuel in 2021?

The market size of the global wood pellet fuel was estimated to be USD10533.55 million in 2021 owing to rising demand of clean energy and long-term cost effectiveness of wood pellets.

Which was the dominant segment by application in the global wood pellet fuel market in 2021?

The forest wood and waste feedstock segment dominated the global wood pellet fuel market with a share of 69.87% in 2021 due to the rapidly expanding demand for cleaner and environmentally friendly gasoline, this segment is likely to maintain its market dominance over the next five years.

Which is the dominant segment in terms of region in the global wood pellet fuel market?

Europe dominates the global wood pellet fuel market. With a market share of 49.41% in the year 2021, due to the existence of multiple top wood pellet fuel makers, such as the United Kingdom, Germany, and Italy, this region is projected to maintain its market dominance over the next five years.

What are the major drivers for the global wood pellet fuel market?

Increasing demand for cleaner fuel, long term cost-effectiveness of wood pellets and rising demand for eco-friendly alternatives are the major drivers for the global wood pellet fuel market.