The Global wood pellet market was valued at $2.1Billion in 2018 and is forecast to grow at a modest7.1% CAGR between 2018 and 2026, culminating in 2026 global sales of $15.70Billion.
wood pellet helps to reduce carbon emissions and the greenhouse effect. So, it is an eco-friendly fuel and suitable for all environment. It is an alternative way of fossils fuels which generates high power with low emission and its operating cost is low also less emission of harmful substances. The easy availability of raw material such as compacted sawdust and timber and the low cost of production are the key factors to the wood pellet markets. The heavy use of biomass and co-firing power plants is a part of the demand plan, which drives the wood pellet market in the different region.
“Optimal Price Point (OPP) for wood pellet”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in theChina wood pellet materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Wood pellet Market by “Application type”
We have segmented the wood pellet based on application type as Power Plants, Residential Heating, Commercial Heating, and CHP Heating.
We have observed the significant growth of the wood pellet market application of residential Heat segment which dominates the market over the forecast period. Wood pellet providing heat for electricity generation by co-firing with coal and it is having the capacity of complete combustion. It is not only providing heat but also gives electricity which is cleaner than burning fossil fuels. Because of its heating technology combined with Daily basis maintenance and operation requirements. Wood pellet not only offers clear economic advantages for the customer and significant advantages for the environment, but also provides a secure future market for global companies which deliver heating devices, fuel, and service and install them.
We have observed that the rapid growth of Power Plant which is expected to grow by a CAGR of 6.9 %over the forecast period. Wood pellet not only offers clear economic advantages for the customer and significant advantages for the environment, but also provides a secure future market for global companies which deliver heating devices, fuel, and service and install them.
China and India accounted for the maximum revenue share of over xx% in 2018 due to increased demand of wood pellet materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2023.
The rapid growth of industries in the field of the powerplant and the availability of wood pellet materials option create an impact in developing countries for the demand of eco-friendly, sustainable, and carbon-neutral fossil fuels.
“Competitive Landscape” and“Merger& Acquisition Insights”
The key market participants include Allegheny Pellet Corp., Armstrong World Industries, Associated Harvest Co., HamerPellet Fuel Co., Greene Team Pellet Fuel Company, Finger Lakes Pellet Co., Corinth Wood Pellets LLC, Louis O. Beede & Sons, Inc are few major players in wood pellet markets. The wood pellet market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Wood pellet MarketbyApplication (Revenue, Million, 2018 – 2026)
- Power Plants
- Residential Heating
- Commercial Heating
- CHP Heating (combined heat & power)
Wood pellet Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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