North America Wood Pellets Market Size & Outlook

The wood pellets market in North America is expected to reach a projected revenue of US$ 306.0 million by 2030. A compound annual growth rate of 5.7% is expected of North America wood pellets market from 2024 to 2030.

Revenue, 2023 (US$M)
$208.1
Forecast, 2030 (US$M)
$306.0
CAGR, 2024 - 2030
5.7%
Report Coverage
North America

North America wood pellets market highlights

  • The North America wood pellets market generated a revenue of USD 208.1 million in 2023.
  • The market is expected to grow at a CAGR of 5.7% 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 208.1 million
Market revenue in 2030USD 306.0 million
Growth rate5.7% (CAGR from 2023 to 2030)
Largest segmentHeating
Fastest growing segmentPower Generation
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, North America region accounted for 2.3% 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 Scope

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

Wood Pellets Market Companies

Name Profile # Employees HQ Website

North America 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 88.56% in 2023. Horizon Databook has segmented the North America 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 North America wood pellets market , including forecasts for subscribers. This continent databook contains high-level insights into North America wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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