U.S. Wood Pellets Market Size & Outlook, 2023-2030
U.S. wood pellets market, 2018-2030 (US$M)
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U.S. wood pellets market highlights
- The U.S. wood pellets market generated a revenue of USD 179.3 million in 2023 and is expected to reach USD 263.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.6% 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 179.3 million |
| Market revenue in 2030 | USD 263.3 million |
| Growth rate | 5.6% (CAGR from 2023 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, U.S. accounted for 2.0% 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 North America, U.S. wood pellets market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 41.6 million by 2030.
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Wood Pellets Market Scope
Wood Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 70.44% in 2023. Horizon Databook has segmented the U.S. 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 U.S. wood pellets market , including forecasts for subscribers. This country databook contains high-level insights into U.S. wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. wood pellets market size, by application, 2018-2030 (US$M)
U.S. Wood Pellets Market Outlook Share, 2023 & 2030 (US$M)
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