Europe Wood Pellet Heating Systems Market is expected to grow at a CAGR of 3.6% by the end of 2029

The Europe wood pellet heating systems market was valued at US$ 5.33 billion in 2022 and is expected to grow at a CAGR of 3.6% from 2022 to 2029, reaching US$ 6.83 billion. This growth is being driven primarily by increased demand for wood pellet heating systems in the commercial, residential, and industrial sectors.

  1. The Europe wood pellet heating systems market was valued at ~US$ 5.33 Billion in 2022.
  2. The wood pellet heating systems market is expected to grow at a CAGR of 3.6% during the forecast period of 2022-2029.
  3. Operational efficiency & economic benefits ensure high demand for wood pellet heating systems.
  4. 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.
  5. 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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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 2022–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2022-2029. 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 2022-2029. 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.

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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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

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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