China Wood Pellets Market Size & Outlook, 2023-2030

The wood pellets market in China is expected to reach a projected revenue of US$ 429.2 million by 2030. A compound annual growth rate of 12% is expected of China wood pellets market from 2024 to 2030.

Revenue, 2023 (US$M)
$194.3
Forecast, 2030 (US$M)
$429.2
CAGR, 2024 - 2030
12%
Report Coverage
China

China wood pellets market highlights

  • The China wood pellets market generated a revenue of USD 194.3 million in 2023 and is expected to reach USD 429.2 million by 2030.
  • The China market is expected to grow at a CAGR of 12% from 2024 to 2030.
  • In terms of segment, heating was the largest revenue generating application in 2023.
  • Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.


Wood pellets market data book summary

Market revenue in 2023USD 194.3 million
Market revenue in 2030USD 429.2 million
Growth rate12% (CAGR from 2023 to 2030)
Largest segmentHeating
Fastest growing segmentPower Generation
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHeating, Power Generation, CHP
Key market players worldwideEnviva Inc, Drax Group PLC, Highland Pellets, Energix-Renewable Energies Ltd, Graanul Invest, Pinnacle Financial Partners Inc, Sinclair Inc Ordinary Shares - Class A, Lauzon, The United Company, Pellet Group, Groupe SEB, LACROIX group


Other key industry trends

  • In terms of revenue, China accounted for 2.2% of the global wood pellets market in 2023.
  • Country-wise, UK is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Japan wood pellets market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 429.2 million by 2030.

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Wood Pellets Market Scope

Wood pellets market segmentation & scope
Heating
Power Generation
CHP
Residential
Commercial
Industrial

Wood Pellets Market Companies

Name Profile # Employees HQ Website

China wood pellets market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood pellets market will help companies and investors design strategic landscapes.


Heating was the largest segment with a revenue share of 73.44% in 2023. Horizon Databook has segmented the China wood pellets market based on heating, power generation, chp covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of wood pellets market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China wood pellets market , including forecasts for subscribers. This country databook contains high-level insights into China wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China wood pellets market size, by application, 2018-2030 (US$M)

China Wood Pellets Market Outlook Share, 2023 & 2030 (US$M)

China wood pellets market size, by application, 2018-2030 (US$M)

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