Published on : Dec 10, 2019
Wood pellet heating systems are known for their high calorific value where one kg of wood pellet has the potential to produce around 5kw of energy. They are employed for their different positive attributes that include eco-friendliness and non-reliance on non-renewable energy sources.
The burning process in the wood pellet heating system releases carbon-di-oxide which is absorbed during the plant growth Thus makes wood pellet heating system a very eco-friendly solution. Wood pellets consist of renewable sources such as saw dust and residual wood material. Wood pellet heating systems equipped with microprocessors are highly popular as they enhance the efficiency along with lowered emissions. Increase in the requirement of atmospheric temperature control positively influences the demand of wood pellet heating systems in Europe.
An intelligence report titled, “Europe Wood Pellet Heating Systems Market - Industry Analysis and Opportunity Assessment, 2019-2029” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
Italy generates significant revenue
Europe wood pellet heating system was evaluated to be around US$4.7Bn in the year 2018. The market is expected to grow at ?3% CAGR in the period 2019-2029. France and Italy are anticipated to account for ?50% of the Europe wood pellet heating system market sale by the end of the forecast period. Italy generates significant revenue owing to favorable government initiatives that encourage installation of wood pellet heating system. Nordic countries are projected to gain significance in market in the near future on the backdrop of favorable government initiatives, greater commercial adoption of heating systems and changes in weather.
Key players are introducing technological advancements such as WLAN connection to achieve greater sustainability. Major stake holders including Fröling Heizkessel- und Behälterbau Ges.mbH, ÖkoFEN Research and Development Ges.mbH, HAAS + SOHN OFENTECHNIK GMBH, Ferroli S.p.A and Linea Trovata are expanding their business in Europe by strengthening their distribution network.
Europe wood pellet heating system market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Europe wood pellet heating system market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Europe wood pellet heating system market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Europe wood pellet heating system.
An insightful and deep-dive assessment of the competitive assessment of the Europe wood pellet heating system market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Europe wood pellet heating system market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Europe wood pellet heating system market: Research Methodology
Primary sources and secondary sources propel intelligence report on Europe wood pellet heating system market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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