The Europe wood pellet heating systems market was valued at ~US$ 4.7 Billion in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019 to 2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors.
- The Europe wood pellet heating systems market was valued at ~US$ 4.7 Billion in 2018.
- The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019 to 2029.
- Operational efficiency & economic benefits ensure high demand for wood pellet heating systems.
- Collectively, Italy and France markets are estimated to account for ~50% of the sales in the wood pellet heating systems by the end of 2029.
- Italy is expected to be the key revenue maker for wood pellet heating systems, owing to government subsidies and incentives for installation of biomass heating systems.
- Commercial sector is expected to remain a prominent investment area for wood pellet heating systems market players.
- Noteworthy application potential of wood pellet heating systems has been identified in heat and energy generation purposes.
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An estimate of the market opportunity for wood pellet heating systems in Europe from 2019 to 2029 is part of a recent market research report by Future Market Insights. The market for wood pellet heating systems is examined in the report, which also offers important forecast information for the years 2019 through 2029. According to the report’s findings, the Europe wood pellet heating systems market is anticipated to expand significantly over the course of the forecast period due to a number of factors, including smart technologies and mobility, which will increase the appeal of wood pellet heating systems relative to conventional ones and their lower air pollution emissions.
Rising Market Attractiveness of Nordic Countries
In Europe’s wood pellet heating systems market, Italy is expected to have a sizeable value share due to rising fossil fuel prices and federal environmental sustainability initiatives. Nevertheless, throughout the anticipated period of 2019–2029, the Northern area, followed by Benelux, is anticipated to project lucrative expansion in the Europe wood pellet heating systems market. Denmark’s market is projected to continue to be a dominant force in the Nordic region through 2029, accounting for about 20% of market value share.
Commercial Sector – Key End-use Area of Wood Pellet Heating Systems
The Europe wood pellet heating systems market has been segmented on the basis of product, end use, and countries such as Germany, Italy, France, the U.K., Spain, Nordics, Benelux, Russia, and Rest of Europe.
- On the basis of product, wood pellet stove is estimated to hold significant shares of the Europe wood pellet heating systems market in terms of value. By the end of 2029, sales of wood pellet boilers are likely to take over the stove variants.
- By end use, the residential sector is projected to hold significant share of the Europe wood pellet heating systems market. Residential adoption of wood pellet heating systems is expected to be prominent across all countries, owing to the increasing inclination towards biomass heating systems, advanced technologies, and optimum efficiency of wood pellet heating systems over conventional systems. However, the usage in industrial sector, followed by commercial, is expected to grow at a high CAGR.
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Wood Pellet Heating Systems Market: Vendor Insights
The report lists some of the prominent market players, who are recognized as leaders in the Europe wood pellet heating systems market. Some of the key players in the Europe wood pellet heating systems market are
- Ferroli S.p.A., BioCurve, ÖkoFEN Research and Development Ges.mbH, Linea Trovata, HAAS + SOHN OFENTECHNIK GMBH, Erwin KOPPE – Ceramic Heaters GmbH, Fröling GmbH, Biotech Energietechnik GmbH, KWB – Kraft und Wärme aus Biomasse GmbH, Gilles Energie- und Umwelttechnik GmbH & Co KG, Solarfocus GmbH, Windhager Zentralheizung GmbH, Guntamatic Heiztechnik GmbH, ETA Heiztechnik, HARGASSNER GmbH, and Burkhardt GmbH.
The Europe wood pellet heating systems market is considerably fairly fragmented with some players holding prominent shares of the market. These players are offering Wood pellet heating systems under several brands.
Key Segments of Europe Wood Pellet Heating Systems Industry Survey
Europe Wood Pellet Heating Systems Market by Product:
- Boilers
- 1- 10 kW
- 10- 50 kW
- 50 kW -200 kW
- 200 kW -500 kW
- 500 kW- 1,000 kW
- 1,000kW – 5,000kW
- Stoves
- Fireplace
- Biomass Gasifiers
Europe Wood Pellet Heating Systems Market by End Use:
- Residential Wood Pellet Heating Systems
- Commercial Wood Pellet Heating Systems
- Industrial Wood Pellet Heating Systems
Europe Wood Pellet Heating Systems Market by Country:
- Germany Wood Pellet Heating Systems Market
- Italy Wood Pellet Heating Systems Market
- France Wood Pellet Heating Systems Market
- U.K. Wood Pellet Heating Systems Market
- Spain Wood Pellet Heating Systems Market
- Nordics Wood Pellet Heating Systems Market
- Benelux Wood Pellet Heating Systems Market
- Russia Wood Pellet Heating Systems Market
- Rest of Europe Wood Pellet Heating Systems Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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