Global Wood Fuels Market 2024-2028

Global Wood Fuels Market 2024-2028

The wood fuels market is forecasted to grow by USD 9.79 bn during 2023-2028, accelerating at a CAGR of 10.27% during the forecast period. The report on the wood fuels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulations on carbon dioxide emissions, government initiatives and incentives to adopt renewable energy, and energy security and independence.

Technavio's wood fuels market is segmented as below:

By Type

• Wood pellets
• Wood chips

By Application

• Power generation
• Combined heat and power
• Heating

By Geographical Landscape

• Europe
• North America
• APAC
• Middle East and Africa
• South America

This study identifies the declining use of coal in power industry as one of the prime reasons driving the wood fuels market growth during the next few years. Also, increasing international trade of wood fuels and growing industrial applications will lead to sizable demand in the market.

The report on the wood fuels market covers the following areas:

• Wood fuels market sizing
• Wood fuels market forecast
• Wood fuels market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wood fuels market vendors that include Andritz AG, AS Graanul Invest, BALT WOOD ENTERPRISE SIA, Biogra, BIOMAC sro, BMK Woods, Drax Group Plc, Energy Queensland Ltd, Enviva Inc., Fram Renewable Fuels, Granules LG, Norfolk Oak, Nugreen Energy Pvt. Ltd., Pfeifer Holding GmbH, Premium Pellet Ltd., VIRIDIS ENERGY INC., Well Seasoned Wood, and Wismar Pellets GmbH. Also, the wood fuels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.