A new market research report by Future Market Insights on the wood pellet heating systems market includes Europe industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the European wood pellet heating systems market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as smart technologies & mobility heightening the attractiveness of wood pellet heating systems over conventional ones and limited emission of air pollutants.
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The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors.
Rising Market Attractiveness of Nordic Countries
Italy is projected to hold a significant value share in the European wood pellet heating systems market due to rising prices of fossil fuels and federal environmental sustainability strategies. However, the Nordics region, followed by Benelux, is expected to project lucrative growth in the European wood pellet heating systems market during the forecast period of 2019-2029. Denmark market is estimated to be prominent in Nordics, by holding ~20% of the market value share, and is expected to remain prominent till 2029.
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Commercial Sector – Key End-use Area of Wood Pellet Heating Systems
The European 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 the Rest of Europe.
- On the basis of product, the wood pellet stove is estimated to hold significant shares of the European 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 a significant share of the European 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 the industrial sector, followed by commercial, is expected to grow at a high CAGR.
Wood Pellet Heating Systems Market: Vendor Insights
The report lists some of the prominent market players, who are recognized as leaders in the European wood pellet heating systems market. Some of the key players in the European 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.
Key Segment
Product Type
- 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
End Use
- Residential
- Commercial
- Industrial
Country
- Germany
- Italy
- France
- U.K.
- Spain
- Nordics
- Benelux
- Russia
- Rest of Europe