China Wood Pellets Market Size & Outlook, 2024-2030
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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 12.5% 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 2023 | USD 194.3 million |
| Market revenue in 2030 | USD 429.2 million |
| Growth rate | 12.5% (CAGR from 2024 to 2030) |
| Largest segment | Heating |
| Fastest growing segment | Power Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Power Generation, CHP |
| Key market players worldwide | Enviva 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LACROIX group | View profile | 5001-10000 | Saint-herblain, Pays de la Loire, France, Europe | http://www.lacroix-group.com |
| Pellet Group | View profile | 501-1000 | Suzhou, Jiangsu, China, Asia | https://www.peilai.com |
| The United Company | View profile | - | Bristol, Virginia, United States, North America | https://www.unitedco.net/ |
| Highland Pellets | View profile | 101-250 | Pine Bluff, Arkansas, United States, North America | https://highland-pellets.com |
| Lauzon | View profile | 251-500 | Papineauville, Quebec, Canada, North America | https://www.lauzonflooring.com/ |
| Sinclair Inc Ordinary Shares - Class A | View profile | 7300 | 10706 Beaver Dam Road, Hunt Valley, MD, United States, 21030 | https://www.sbgi.net |
| Pinnacle Financial Partners Inc | View profile | 3357 | 150 Third Avenue South, Suite 900, Nashville, TN, United States, 37201 | https://www.pnfp.com |
| Graanul Invest | View profile | 501-1000 | Tallinn, Harjumaa, Estonia, Europe | https://www.graanulinvest.com/ |
| Energix-Renewable Energies Ltd | View profile | 209 | 2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, Israel, 5250501 | https://www.energix-group.com |
| Groupe SEB | View profile | 10001+ | Carros, Provence-Alpes-Cote d'Azur, France, Europe | http://www.groupeseb.com |
| Drax Group PLC | View profile | 3551 | Drax Power Station, Selby, North Yorkshire, United Kingdom, YO8 8PH | http://www.drax.com |
| Enviva Inc | View profile | 1386 | 7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, United States, 20814 | https://www.envivabiomass.com |
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 79.88% 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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Target buyers of China wood pellets market databook
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Our clientele includes a mix of wood pellets market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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)
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