Europe 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]
Market Introduction
Europe comprises economies such as Germany, France, the UK, and Italy. An annual report filed with the USDA Foreign Agricultural Service’s Global Agriculture Information Network represents that the wood pellet market in Europe has been relatively unaffected by the COVID-19 pandemic. As per the report, the region consumed ~29 million metric tons of wood pellets in 2018, which makes it the world’s largest pellet market. Wood pellets are used in residential applications for heating purposes and industrial heat and power generation. The report further states that the region contributes ~30% of world pellet production currently. However, it accounts for the major consumption of wood pellets across the globe. Italy, Germany, and other such countries are considered as the major growth markets for consuming wood pellets in residential heating applications. The UK is one of the major consumers of wood pellets, followed by Italy and Denmark. Germany is one of the major wood pellet producers in the EU, followed by Sweden and Latvia. The region is strongly shifting toward the renewable energy supply wherein biomass is considered as a significant option to meet the target. Further, as per a study of European Wood Pellets, the rising demand for wood pellets will put a substantial amount of pressure on raw material markets in Europe. It would require new sources such as forest residues, recovered wood, and energy crops. All these factors would bolster the growth of the wood pellets market in Europe in the coming years.
In Europe, France, the UK, and Russia have experienced more serious adversities due to the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. As of August 2021, Russia recorded 6,379,904 COVID-19 cases, with 162,509 deaths. The pandemic has led to the temporary disruptions in the operational efficiencies of industries in Europe. Fluctuations in raw material sourcing and pricing have also hampered the wood pellet market in Europe. However, growing focus on the adoption of renewable energy sources is expected to substantially promote the demand for wood pellets in the region in the coming years.
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Market Overview and Dynamics
The wood pellet market in Europe is expected to grow from US$ 8,285.21 million in 2021 to US$ 18,206.29 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028. Significant investment in research and expansion; Seeing the prevailing opportunities with respect to the wood pellet market, the market players have been significantly involved in research and development activities to improve the efficiency of the wood pellet production process. For instance, new and improved designs for pellet mills have been developed to attain better output with optimum fuel input. Also, extensive research activities have been carried out to promote the calorific value of wood pellets from the available feedstock. Similarly, in December 2020, Austrian pellet boiler manufacturer ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H (ÖkoFEN) developed ZeroFlame combustion technology to heat with wood pellets, which aims to minimize emissions of particulate matter (PM) without the need for using filters. Further, manufacturers are increasingly focusing on maximizing market share by investing in plant expansion activities concerning wood pellets. Similarly, in December 2020, Pinnacle Renewable Holdings commenced the wood pallets production facility in Alberta. Hence, significant investment in research and expansion facilities is expected to proliferate the growth of the market. This is bolstering the growth of the wood pellet market.
Key Market Segments
Based on application, the market is segmented into residential heating, commercial heating, CHP (combined heat and power), and power generation. In 2020, the residential heating segment held the largest share Europe wood pellet market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wood pellet market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ANDRITZ, Enviva Lp, Graanul Invest, Pinnacle Renewable Energy Inc, TANAC, and Wood & Sons among others.
Reasons to buy report
- To understand the Europe 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 Europe wood pellet market
- Efficiently plan M&A and partnership deals in Europe 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 Europe wood pellet market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE WOOD PELLET MARKET SEGMENTATION
By Application
- Residential Heating
- Commercial Heating
- CHP (Combined Heat and Power)
- Power Generation
By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Company Profiles
- ANDRITZ
- Enviva Lp
- Graanul Invest
- Pinnacle Renewable Energy Inc
- 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. Europe 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. Europe Wood Pellet Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Awareness About Use of Renewable Energy Sources
5.1.2 Expanding Demand for Wood Pellets from Europe
5.2 Market Restraints
5.2.1 Mandatory Compliances and Operational Challenges Associated with Wood Pellet
5.3 Market Opportunities
5.3.1 Growing 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 – Europe Market Analysis
6.1 Europe Wood Pellet Market Overview
6.2 Europe Wood Pellet Market –Revenue and Forecast to 2028 (USD Million)
7. Europe Wood Pellet Market Analysis – By Application
7.1 Overview
7.2 Europe Wood Pellet Market, By Application (2020 and 2028)
7.3 Residential Heating
7.3.1 Overview
7.3.2 Residential Heating: Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Commercial Heating
7.4.1 Overview
7.4.2 Commercial Heating: Europe 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): Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Power Generation
7.6.1 Overview
7.6.2 Power Generation: Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Wood Pellet Market – Country Analysis
8.1 Europe Wood pellet Market Revenue And Forecasts to 2028
8.1.1 Europe Wood pellet Market Breakdown, by Country
8.1.1.1 Germany Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.1.1 Germany Wood pellet Market Breakdown, by Application
8.1.1.2 France Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.2.1 France Wood pellet Market Breakdown, by Application
8.1.1.3 United Kingdom Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.3.1 United Kingdom Wood pellet Market Breakdown, by Application
8.1.1.4 Italy Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.4.1 Italy Wood pellet Market Breakdown, by Application
8.1.1.5 Russia Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.5.1 Russia Wood pellet Market Breakdown, by Application
8.1.1.6 Rest of Europe Wood pellet Market Revenue and Forecast to 2028 (US$ MN)
8.1.1.6.1 Rest of Europe Wood pellet Market Breakdown, by Application
9. Europe Wood Pellet Market Overview – Impact of COVID-19
9.1 Europe: 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 Enviva Lp
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 Pinnacle Renewable Energy Inc
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 Graanul Invest
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 Wood & Sons
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 TANAC
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
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Wood Pellet Market –Revenue and Forecast to 2028 (USD Million)
Table 2. Germany Wood pellet Market Revenue And Forecasts To 2028 – By Application (US$ Mn)
Table 3. France Wood pellet Market Revenue And Forecasts to 2028 – By Application (US$ Mn)
Table 4. United Kingdom Wood pellet Market Revenue And Forecasts to 2028 – By Application (US$ Mn)
Table 5. Italy Wood pellet Market Revenue And Forecasts to 2028 – By Application (US$ Mn)
Table 6. Russia Wood pellet Market Revenue And Forecasts to 2028 – By Application (US$ Mn)
Table 7. Rest of Europe Wood pellet Market Revenue And Forecasts to 2028 – By Application (US$ Mn)
Table 8. Glossary of Terms, Wood Pellet Market
LIST OF FIGURES
Figure 1. Europe Wood Pellet Market Segmentation
Figure 2. Europe Wood Pellet Market Segmentation – By Country
Figure 3. Europe Wood Pellet Market Overview
Figure 4. Residential Heating Segment Held Largest Share of Europe Wood Pellet Market
Figure 5. UK Held Largest Share of Europe Wood Pellet Market
Figure 6. Europe Wood Pellet Market, Key Market Players
Figure 7. Porter ‘s Five Forces Analysis for Europe Wood Pellets Market
Figure 8. Expert Opinion
Figure 9. Europe Wood Pellets Market – Ecosystem Analysis
Figure 10. Europe Wood Pellet Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Wood Pellet Market – Revenue and Forecast to 2028 (USD Million)
Figure 12. Europe Wood Pellet Market Revenue Share, By Application (2020 and 2028)
Figure 13. Residential Heating: Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Commercial Heating: Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. CHP (Combined Heat and Power): Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Power Generation: Europe Wood Pellet Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Wood pellet Market Revenue by Country to 2028 (US$ Mn)
Figure 18. Europe Wood pellet Market Breakdown, by Country, 2020 & 2028 (%)
Figure 19. Germany Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 20. France Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 21. United Kingdom Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 22. Italy Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 23. Russia Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 24. Rest Of Europe Wood pellet Market Forecasts to 2028 (US$ Mn)
Figure 25. Impact of COVID-19 Pandemic in Europe
- ANDRITZ
- Enviva Lp
- Graanul Invest
- Pinnacle Renewable Energy Inc
- TANAC
- Wood & Sons
- To understand the Europe 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 Europe wood pellet market
- Efficiently plan M&A and partnership deals in Europe 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 Europe wood pellet market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.