Market Overview:
The global hydro pellet stoves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of using hydro pellet stoves. The global hydro pellet stoves market is segmented on the basis of type, application, and region. On the basis of type, it is divided into less than 9 kW, from 9 kW up to 12,5 kW, from 12,5 KW up to 20 KW and over 20 kW segments. Based on application, it is classified into food industry, machinery & equipment industry chemical industry and others segments. Region-wise; it covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (China Japan India South Korea Australia) Middle East & Africa(GCC Countries Turkey Nigeria South Africa).
Product Definition:
A Hydro Pellet Stove is a stove that uses pellets made of compressed wood chips as its fuel. The pellets are fed into the stove by an auger, and the heat from the burning pellets is used to heat either air or water, which in turn heats your home.
The importance of hydro pellet stoves lies in their ability to efficiently convert biomass into heat, making them a renewable source of energy. They are also more efficient than traditional wood-burning stoves, and produce less pollution.
Less than 9kW:
The global less than 9kW it's usage and growth factor in hydro pellet stoves market size was valued at USD 5.6 million in 2016.
From 9 kW up to 12,5 kW:
From 9 kW up to 12,5 kW is a range of Pellet Stoves which has been designed especially for the growing energy demand in residential and commercial sectors. These stoves are equipped with high-efficiency burners which can deliver maximum heat output using minimum wood pellets. The design of these stoves has been made compatible with the pellet feeders available in the market.
Application Insights:
The food industry was the largest application segment in 2017 and accounted for over 50% of the global hydro pellet stoves market. The product is widely used in this sector as it burns wood pellets with low emissions, which reduces environmental impact and provides clean combustion. Moreover, rising awareness among consumers regarding healthy eating habits will boost demand over the forecast period.
The chemical industry was one of the fastest-growing application segments owing to increasing demand for efficient technologies that reduce greenhouse gas emissions without compromising on productivity output or cost savings. In addition, growing concerns regarding air pollution due to toxic fumes from manufacturing plants will drive hydro pellet stoves market growth in this sector over the forecast period.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand for eco-friendly and clean energy stove solutions from countries, such as Germany, U.K., France, Italy and Spain among others.
Asia Pacific is anticipated to be one of the fastest growing regional markets at a CAGR exceeding 5% from 2018 to 2030 due to increasing awareness regarding hydro pellet stoves amongst people in countries like China and India among others.
North America accounted for more than 25% share in 2017 owing high demand across countries like Canada and U.S.
Growth Factors:
- Increasing demand for renewable energy sources across the globe is expected to drive the growth of hydro pellet stoves market over the forecast period.
- Growing awareness about environment-friendly and energy-efficient heating solutions is projected to propel the demand for hydro pellet stoves in near future.
- Rising popularity of wood pellets as a fuel source is anticipated to boost the growth of hydro pellet stoves market in coming years.
- Technological advancements in manufacturing process are likely to create new opportunities for players operating in hydro pellet stove market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydro Pellet Stoves Market Research Report
By Type
Less than 9kW, From 9 kW up to 12,5 kW, From 12,5 KW up to 20 KW, Over 20 kW
By Application
Food Industry, Machinery & Equipment, Chemical Industry, Others
By Companies
MCZ, Cola Stoves, Jide, Karmek One, Sistemainternational, Zoppas Industries, MCZ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Hydro Pellet Stoves Market Report Segments:
The global Hydro Pellet Stoves market is segmented on the basis of:
Types
Less than 9kW, From 9 kW up to 12,5 kW, From 12,5 KW up to 20 KW, Over 20 kW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Machinery & Equipment, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MCZ
- Cola Stoves
- Jide
- Karmek One
- Sistemainternational
- Zoppas Industries
- MCZ
Highlights of The Hydro Pellet Stoves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 9kW
- From 9 kW up to 12,5 kW
- From 12,5 KW up to 20 KW
- Over 20 kW
- By Application:
- Food Industry
- Machinery & Equipment
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydro Pellet Stoves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydro Pellet Stoves are a type of stove that uses pellets to heat up food. They are very efficient and use less fuel than other types of stoves.
Some of the major players in the hydro pellet stoves market are MCZ, Cola Stoves, Jide, Karmek One, Sistemainternational, Zoppas Industries, MCZ.
The hydro pellet stoves market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydro Pellet Stoves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydro Pellet Stoves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydro Pellet Stoves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydro Pellet Stoves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydro Pellet Stoves Market Size & Forecast, 2020-2028
4.5.1 Hydro Pellet Stoves Market Size and Y-o-Y Growth
4.5.2 Hydro Pellet Stoves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less than 9kW
5.2.2 From 9 kW up to 12
5.2.3 5 kW
5.2.4 From 12
5.2.5 5 KW up to 20 KW
5.2.6 Over 20 kW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Machinery & Equipment
6.2.3 Chemical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydro Pellet Stoves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydro Pellet Stoves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less than 9kW
9.6.2 From 9 kW up to 12
9.6.3 5 kW
9.6.4 From 12
9.6.5 5 KW up to 20 KW
9.6.6 Over 20 kW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Machinery & Equipment
9.10.3 Chemical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less than 9kW
10.6.2 From 9 kW up to 12
10.6.3 5 kW
10.6.4 From 12
10.6.5 5 KW up to 20 KW
10.6.6 Over 20 kW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Machinery & Equipment
10.10.3 Chemical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less than 9kW
11.6.2 From 9 kW up to 12
11.6.3 5 kW
11.6.4 From 12
11.6.5 5 KW up to 20 KW
11.6.6 Over 20 kW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Machinery & Equipment
11.10.3 Chemical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less than 9kW
12.6.2 From 9 kW up to 12
12.6.3 5 kW
12.6.4 From 12
12.6.5 5 KW up to 20 KW
12.6.6 Over 20 kW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Machinery & Equipment
12.10.3 Chemical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less than 9kW
13.6.2 From 9 kW up to 12
13.6.3 5 kW
13.6.4 From 12
13.6.5 5 KW up to 20 KW
13.6.6 Over 20 kW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Machinery & Equipment
13.10.3 Chemical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydro Pellet Stoves Market: Competitive Dashboard
14.2 Global Hydro Pellet Stoves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MCZ
14.3.2 Cola Stoves
14.3.3 Jide
14.3.4 Karmek One
14.3.5 Sistemainternational
14.3.6 Zoppas Industries
14.3.7 MCZ
