Europe Wood Pellet Heating Systems Market Current Trends And Future Growth Estimations Outlook To 2032

Sales of wood pellet heating systems in Europe currently account for around US$ 5.33 Bn. Detailed industry analysis reveals that the Europe wood pellet heating systems market is anticipated to progress at a CAGR of 3.6% to reach a valuation of US$ 6.83 Bn by 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.

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1. The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018.
2. The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019-2029.
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.

• Noteworthy application potential of wood pellet heating systems has been identified in heat and energy generation purposes.

With the emergence of smart technologies and convenience trends among consumers, manufacturers of wood pellet heating systems are focused on incorporating advanced control panels and add-on features to their products to maintain innovation supremacy in the market, according to FMI’s analysis.

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.

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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.