New

North America Wood Pellet Market

2021

North America Wood Pellet Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application [Residential Heating, Commercial Heating, CHP (Combined Heat and Power), and Power Generation]

Publication Month: Nov 2021 | Report Code: TIPRE00025892 | No. of Pages: 67 | Category: Chemicals and Materials | Status: Published

Market Insights

North America Wood Pellet Market to Grow at a CAGR of 12.4% to reach US$ 1,839.74 million by 2028 Million from 2021 to 2028

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The wood pellet market in North America is expected to grow from US$ 809.22 million in 2021 to US$ 1,839.74 million by 2028; it is estimated to grow at a CAGR of 12.4% from 2021 to 2028.


The US, Canada, and Mexico are major economies in North America. Expanding demand for wood pellets is the major factor driving the growth of the North America wood pellet market. There is a rise in demand for wood pellets, owing to increased investment in coal conversion projects, as well as public administration buildings such as schools and offices.Moreover, it is treated as a biomass fuel and is extensively used in industrial as well as commercial applications. Also, there is an increase in focus on substituting coal-fired power plants with pellet-based plants across the industrial sector. Strict regulations pertaining to environmental sustainability, along with strong efforts to achieve the emission targets within the specified time limit, is another factor significantly contributing toward increased demand for wood pellets in the regional market. Further, volatility in the prices of fossil fuels, along with concerns related to climatic changes, has substantially driven the demand for wood pellets in the region. Additionally, the growing focus on minimizing carbon emissions and contributing to total renewable energy consumption is yet another factor driving the demand for wood pellets.

North America is one of the worst-affected economies due to the COVID-19 pandemic. The US has reported the highest number of confirmed cases. The unprecedented rise in number of COVID-19 cases across the US and Canada, and the subsequent lockdown of manufacturing facilities have negatively influenced the growth of the various markets in these countries. As of August 2021, the US registered 36,266,840 cases with 631,757 deaths. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for wood pellet in the country. In the same way, the pandemic had an intense impact on the Canadian economy. However, the market is reviving on account of significant measures taken by the government such as vaccination drives. As per an article published by the National Center for Biotechnology Information (NCBI) in 2020, the global public health bodies and governments have implemented several strategies as well as issued advisories to promote health and hygiene, social distancing strategies, and other such guidelines to prevent the spread of SARS-CoV-2. Amid the economic recovery, several industrial sectors are strategically focused on investing in sustainable sources to align with greener future.
North America wood pellet market

Get more information on this report :


North America Wood Pellet Market Segmentation

North America Wood Pellet Market – By Application

  • Residential Heating
  • Commercial Heating
  • CHP (Combined Heat and Power)
  • Power Generation

North America Wood Pellet Market– By Country

  • US
  • Canada
  • Mexico

North America Wood Pellet Market-Companies Mentioned

  • ANDRITZ
  • Energex Pellet Fuel, Inc.
  • Enviva Lp
  • Graanul Invest
  • New England Wood Pellet
  • Pacific Bioenergy
  • Pinnacle Renewable Energy Inc
  • Premium Pellet Ltd
  • TANAC
  • Wood & Sons

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. North America Wood Pellet Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.3 Expert Opinion

4.1 Ecosystem Analysis

5. North America Wood Pellet Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Awareness About Use of Renewable Energy Sources

5.1.2 Expanding Demand for Wood Pellets

5.2 Market Restraints

5.2.1 Mandatory Compliances and Operational Challenges Associated with Wood Pellet

5.3 Market Opportunities

5.3.1 Rising Demand for Wood Pellets from Power Generation Industry

5.4 Future Trends

5.4.1 Significant Investment in Research and Expansion

5.5 Impact Analysis of Drivers and Restraints

6. Wood Pellet – North America Market Analysis

6.1 North America Wood Pellet Market Overview

6.2 North America Wood Pellet Market –Revenue and Forecast to 2028 (USD Million)

7. North America Wood Pellet Market Analysis – By Application

7.1 Overview

7.2 North America Wood Pellet Market, By Application (2020 and 2028)

7.3 Residential Heating

7.3.1 Overview

7.3.2 Residential Heating: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Commercial Heating

7.4.1 Overview

7.4.2 Commercial Heating: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

7.5 CHP (Combined Heat and Power)

7.5.1 Overview

7.5.2 CHP (Combined Heat and Power): North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Power Generation

7.6.1 Overview

7.6.2 Power Generation: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Wood Pellet Market – Country Analysis

8.1 North America Wood Pellet Market Revenue and Forecasts to 2028

8.1.1 North America Wood pellet Market Breakdown, by Country

8.1.1.1 US Wood pellet Market Revenue and Forecast to 2028 (US$ MN)

8.1.1.1.1 US Wood pellet Market Breakdown, by Application

8.1.1.2 Canada Wood pellet Market Revenue and Forecast to 2028 (US$ MN)

8.1.1.2.1 Canada Wood pellet Market Breakdown, by Application

8.1.1.3 Mexico Wood pellet Market Revenue and Forecast to 2028 (US$ MN)

8.1.1.3.1 Mexico Wood pellet Market Breakdown, by Application

9. North America Wood Pellet Market Overview – Impact of COVID-19

9.1 North America: Impact Assessment of COVID-19 Pandemic

10. Company Profiles

10.1 ANDRITZ

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Energex Pellet Fuel, Inc.

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Enviva Lp

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 New England Wood Pellet

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Pacific Bioenergy

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Pinnacle Renewable Energy Inc

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Premium Pellet Ltd.

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Graanul Invest

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

10.9 Wood & Sons

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Products and Services

10.9.4 Financial Overview

10.9.5 SWOT Analysis

10.9.6 Key Developments

10.10 TANAC

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Products and Services

10.10.4 Financial Overview

10.10.5 SWOT Analysis

10.10.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Wood Pellet Market –Revenue and Forecast to 2028 (USD Million)

Table 2. US Wood pellet Market Revenue And Forecasts to 2028 – By Application (USD Million)

Table 3. Canada Wood pellet Market Revenue And Forecasts to 2028 – By Product (USD Million)

Table 4. Mexico Wood pellet Market Revenue And Forecasts to 2028 – By Application (USD Million)

Table 5. Glossary of Terms, Wood Pellet Market

LIST OF FIGURES

Figure 1. North America Wood Pellet Market Segmentation

Figure 2. North America Wood Pellet Market Segmentation – By Country

Figure 3. North America Wood Pellet Market Overview

Figure 4. Residential Heating Segment Held Largest Share of North America Wood Pellet Market

Figure 5. US Held Largest Share of North America Wood Pellet Market

Figure 6. North America Wood Pellet Market, Key Market Players

Figure 7. Porter ‘s Five Forces Analysis for North America Wood Pellets Market

Figure 8. Expert Opinion

Figure 9. North America Wood Pellets Market – Ecosystem Analysis

Figure 10. North America Wood Pellet Market Impact Analysis of Drivers and Restraints

Figure 11. North America: Wood Pellet Market – Revenue and Forecast to 2028 (USD Million)

Figure 12. North America Wood Pellet Market Revenue Share, By Application (2020 and 2028)

Figure 13. Residential Heating: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Commercial Heating: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. CHP (Combined Heat and Power): North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Power Generation: North America Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Wood pellet Market Revenue by Country (US$ Mn)

Figure 18. North America Wood pellet Market Breakdown, by Country, 2020 & 2028(%)

Figure 19. US Wood pellet Market Forecasts to 2028 (US$ Mn)

Figure 20. Canada Wood pellet Market Forecasts to 2028 (US$ Mn)

Figure 21. Mexico Wood pellet Market Forecasts to 2028 (US$ Mn)

Figure 22. Impact of COVID-19 Pandemic in North America

  1. ANDRITZ
  2. Energex Pellet Fuel, Inc.
  3. Enviva Lp
  4. Graanul Invest
  5. New England Wood Pellet
  6. Pacific Bioenergy
  7. Pinnacle Renewable Energy Inc
  8. Premium Pellet Ltd
  9. TANAC
  10. Wood & Sons
  • To understand the North America wood pellet market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America wood pellet market
  • Efficiently plan M&A and partnership deals in North America wood pellet market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America wood pellet market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
TIPRE00025892
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing
Request for Sample
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.