Price increase in pellet biomass boilers causes drop in sales

Source:
PP/Fordaq
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The EU states' desire to phase out gas and oil heating increased sales of biomass boilers by an average of 36% per year between 2019 and 2022 in Germany, Austria, Switzerland, France and Italy. 

For the current year, a study by Interconnection Consulting expects the market to decline by 19% in the markets examined. The rise in pellet prices made pellet biomass boilers, which account for nearly two-thirds of the market, unattractive to many. 

In this segment the decline is likely to be as much as 24.7%. Discussions about their sustainability and the active promotion of heat pumps also contribute to the decline in demand.

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