Europe Wood Pellet Heating Systems Market 2022 Expectations & Growth Trends Highlighted Until 2029
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.
- The
Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in
2018.
- The
wood pellet heating systems market is expected to grow at a CAGR of ~3%
during the forecast period of 2019-2029.
- Operational
efficiency & economic benefits ensure high demand for wood pellet
heating systems.
To know more@
https://www.futuremarketinsights.com/reports/europe-wood-pellet-heating-systems-market
- 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.
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 Europe
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 attractiveness of wood pellet heating
systems over conventional ones and limited emission of air pollutants.
Rising Market Attractiveness of Nordic Countries
Italy is projected to hold significant value share in the
Europe 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 Europe
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.
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.
Get | Download Sample Copy with Graphs & List of
Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-10475
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.
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