Wood Pellet Fuel Market by Feedstock (Forest Wood & Waste, Agriculture Residue, and Others), Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers), and Application (Industrial Pellet for CHP/District Heating, Industrial Pellet for Co-firing, Pellet for Heating Residential & Commercial, and Others) - Global Opportunity Analysis and Industry Forecast, 2021-2028

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Wood pellet fuels are biofuels made from compressed organic matter or biomass such as forest wood & waste, agriculture residue, energy crops, and other food waste. These have emerged as a promising renewable energy source, replacing coal and natural gas in various industrial sectors, owing to their low cost and reduced carbon emission. In the electricity generation sector, they are co-fired in coal-based power plants to reduce carbon emission. Moreover, for residential heating, they are widely used in automatic stoves and boilers.

Easy availability of wood pellet fuel feedstock and low cost of production have led to its higher consumption in the industrial sector. Rise in prices of fossil fuels and natural gas also fuels the market growth. Moreover, increase in environmental concerns about the emissions of greenhouse gases is anticipated to propel the market growth during the forecast period. According to the International Energy Agency (IEA), the global wood pellet fuel market has increased dramatically since 2011, with an average increase rate of 14% per year. However, norms laid down by the Sustainable Forestry Initiative and Forest Stewardship Council may hamper the market growth. 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 based on feedstock, heating application, application, and geography. On the basis of feedstock, market is segmented into forest wood & waste, agriculture residue, and others. Based on heating application, it is categorized into free standing pellet stoves, pellet stove inserts, and pellet boilers. Applicationwise, the market is segmented into industrial pellet for CHP/district heating, industrial pellet for co-firing, pellet for heating residential & commercial, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Major Players Profiled In This Study Include:

Andritz AG
Energex
Rentech, Inc.
The Westervelt Company
Enito Singpellet Pte Ltd.
F.E. Wood & Sons
Rentech, Inc.
Allance Pellet Machinery
Enviva LP, Wood Pellet Energy Ltd.
Pinnacle Renewable Energy Group

Key Benefits

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global wood pellet fuel market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends and quantitative analysis from 2016 to 2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the feedstock used for wood pellet fuel and its application.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies.
The key players are profiled and their strategies & developments are analyzed to understand the competitive outlook of the industry.

Wood Pellet Fuel Market Key Segmentation:

By Feedstock

Forest Wood & Waste
Agriculture Residue
Others (Energy Crops, Food Waste, and Virgin Lumber)

By Heating Application

Free Standing Pellet Stoves
Pellet Stove Inserts
Pellet Boilers

By Application

Industrial Pellet for CHP/District Heating
Industrial Pellet for Co-firing
Pellet for Heating Residential & Commercial
Others (Horse Bedding and Absorbent)

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- Africa
- Saudi Arabia
- UAE
- Rest of LAMEA

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS

3.4.1. MARKET DYNAMICS
3.4.2. Drivers
3.4.3. Restraints
3.4.4. Opportunities

CHAPTER 4 GLOBAL WOOD PELLET FUEL MARKET, BY FEEDSTOCK

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. FOREST WOOD & WASTE

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. AGRICULTURE RESIDUE

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast

4.4. OTHERS

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast

CHAPTER 5 GLOBAL WOOD PELLET FUEL MARKET, BY HEATING APPLICATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. FREE STANDING PELLET STOVE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. PELLET STOVE INSERTS

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. PELLET BOILERS

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

CHAPTER 6 GLOBAL WOOD PELLET FUEL MARKET, BY APPLICATION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. INDUSTRIAL PELLET FOR CHP/DISTRICT HEATING

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. INDUSTRIAL PELLET FOR CO-FIRING

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. PELLET FOR HEATING RESIDENTIAL & COMMERCIAL

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. OTHERS

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

CHAPTER 7 GLOBAL WOOD PELLET FUEL MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast

7.2.3.1. By Feedstock
7.2.3.2. By Heating Application
7.2.3.3. By Application
7.2.3.4. By Country

7.2.4. U.S.

7.2.4.1. Market size and forecast, by application

7.2.5. Canada

7.2.5.1. Market size and forecast, by application

7.2.6. Mexico

7.2.6.1. Market size and forecast, by application

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast

7.3.3.1. By Feedstock
7.3.3.2. By Heating Application
7.3.3.3. By Application
7.3.3.4. By Country

7.3.4. Germany

7.3.4.1. Market size and forecast, by application

7.3.5. France

7.3.5.1. Market size and forecast, by application

7.3.6. UK

7.3.6.1. Market size and forecast, by application

7.3.7. Italy

7.3.7.1. Market size and forecast, by application

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by application

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast

7.4.3.1. By Feedstock
7.4.3.2. By Heating Application
7.4.3.3. By Application
7.4.3.4. By Country

7.4.4. China

7.4.4.1. Market size and forecast, by application

7.4.5. Japan

7.4.5.1. Market size and forecast, by application

7.4.6. India

7.4.6.1. Market size and forecast, by application

7.4.7. Australia

7.4.7.1. Market size and forecast, by application

7.4.8. Korea

7.4.8.1. Market size and forecast, by application

7.4.9. Rest of Asia-Pacific

7.4.9.1. Market size and forecast, by application

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast

7.5.3.1. By Feedstock
7.5.3.2. By Heating Application
7.5.3.3. By Application
7.5.3.4. By Country

7.5.4. Brazil

7.5.4.1. Market size and forecast, by application

7.5.5. Saudi Arabia

7.5.5.1. Market size and forecast, by application

7.5.6. South Africa

7.5.6.1. Market size and forecast, by application

7.5.7. Rest of LAMEA

7.5.7.1. Market size and forecast, by application

CHAPTER 8 COMPANY PROFILES

8.1. ANDRITZ AG

8.1.1. Operating business segments
8.1.2. Business performance
8.1.3. Key strategic moves and developments

8.2. ENERGEX

8.2.1. Operating business segments
8.2.2. Business performance
8.2.3. Key strategic moves and developments

8.3. RENTECH, INC.

8.3.1. Operating business segments
8.3.2. Business performance
8.3.3. Key strategic moves and developments

8.4. THE WESTERVELT COMPANY

8.4.1. Operating business segments
8.4.2. Business performance
8.4.3. Key strategic moves and developments

8.5. ENITO SINGPELLET PTE LTD.

8.5.1. Operating business segments
8.5.2. Business performance
8.5.3. Key strategic moves and developments

8.6. F.E. WOOD & SONS

8.6.1. Operating business segments
8.6.2. Business performance
8.6.3. Key strategic moves and developments

8.7. RENTECH, INC.

8.7.1. Operating business segments
8.7.2. Business performance
8.7.3. Key strategic moves and developments

8.8. ALLANCE PELLET MACHINERY

8.8.1. Operating business segments
8.8.2. Business performance
8.8.3. Key strategic moves and developments

8.9. ENVIVA LP, WOOD PELLET ENERGY LTD.

8.9.1. Operating business segments
8.9.2. Business performance
8.9.3. Key strategic moves and developments

8.10. PINNACLE RENEWABLE ENERGY GROUP

8.10.1. Operating business segments
8.10.2. Business performance
8.10.3. Key strategic moves and developments

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Wood Pellet Fuel Market Key Segmentation:

By Feedstock

By Heating Application

By Application

By Geography

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