Europe Wood Pellets Market Size & Outlook, 2023-2030

The wood pellets market in Europe is expected to reach a projected revenue of US$ 10,422.3 million by 2030. A compound annual growth rate of 5.2% is expected of Europe wood pellets market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,324.7
Forecast, 2030 (US$M)
$10,422.3
CAGR, 2024 - 2030
5.2%
Report Coverage
Europe

Europe wood pellets market highlights

  • The Europe wood pellets market generated a revenue of USD 7,324.7 million in 2023.
  • The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
  • In terms of segment, heating was the largest revenue generating application in 2023.
  • Heating is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 7,324.7 million
Market revenue in 2030USD 10,422.3 million
Growth rate5.2% (CAGR from 2023 to 2030)
Largest segmentHeating
Fastest growing segmentHeating
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, Europe region accounted for 82.2% of the global wood pellets market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,556.5 million by 2030.

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Wood Pellets Market Companies

Name Profile # Employees HQ Website

Europe 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 56.98% in 2023. Horizon Databook has segmented the Europe 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 continent-level data and insights on the Europe wood pellets market , including forecasts for subscribers. This continent databook contains high-level insights into Europe wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe wood pellets market size, by country, 2018-2030 (US$M)

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

Europe wood pellets market size, by country, 2018-2030 (US$M)

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