Global Pellet Heating Stoves Market Growth 2023-2029

Global Pellet Heating Stoves Market Growth 2023-2029

A pellet stove is a stove that burns compressed wood or biomass pellets to create a source of heat for residential and sometimes industrial spaces. By steadily feeding fuel from a storage container into a burn pot area, it produces a constant flame that requires little to no physical adjustments.
LPI (LP Information)' newest research report, the “Pellet Heating Stoves Industry Forecast” looks at past sales and reviews total world Pellet Heating Stoves sales in 2022, providing a comprehensive analysis by region and market sector of projected Pellet Heating Stoves sales for 2023 through 2029. With Pellet Heating Stoves sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pellet Heating Stoves industry.
This Insight Report provides a comprehensive analysis of the global Pellet Heating Stoves landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pellet Heating Stoves portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Pellet Heating Stoves market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pellet Heating Stoves and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pellet Heating Stoves.
The global Pellet Heating Stoves market size is projected to grow from US$ 604.7 million in 2022 to US$ 713.2 million in 2029; it is expected to grow at a CAGR of 713.2 from 2023 to 2029.
For the major players of pellet heating stoves, MCZ was the first place in the ranking in 2019, followed by EDILKAMIN, Ravelli, and England’s Stove Works, Inc. The Top 5 players accounted for about 35% of the Global pellet heating stoves revenue market share in 2019.
The revenue market for pellet heating stoves was divided into five geographic regions. Europe occupied the largest revenue market share with nearly 80% in 2019, leading countries such as Italy, France and Germany, etc.
On the basis of product type, the Air Stove type segment is projected to account for the largest sales volume market share; this segment was estimated to account for about 75% share in 2019 in terms of volume.
In the applications, Residential segment is the dominated application, is estimated to account for the highest market share of 93% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Pellet Heating Stoves market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
AIR <= 7Kw
AIR 7.01 - 9 Kw
AIR 9.01 - 12.00 Kw
AIR > 12.00 Kw
HYDRO <= 15 Kw
HYDRO 15.01 - 20Kw
HYDRO 20.01 - 30 Kw
Segmentation by application
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MCZ
EDILKAMIN
Ravelli
England's Stove Works, Inc.
Hearth & Home Technologies
Invicta
Sherwood Industries
PALAZZETTI
RIKA
THERMOROSSI
Karmek One
ECOFOREST
Piazzetta
ExtraStove
olimpia Splendid
US Stove
Haas + Sohn

Key Questions Addressed in this Report
What is the 10-year outlook for the global Pellet Heating Stoves market?
What factors are driving Pellet Heating Stoves market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pellet Heating Stoves market opportunities vary by end market size?
How does Pellet Heating Stoves break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.