In 1999, pellet stoves only had an 11% share of the stove market. Nine years later in 2008, they had a nearly 43% market share. Today, for every three stoves sold, two use cordwood and one uses pellets. For a technology that was only invented in 1980s, this is a remarkable innovation success story.
The large percentage of pellet stoves sold today is great news for air quality agencies since they operate far cleaner in homes than almost all wood stoves. It’s also great news for the renewable energy community since a pellet stove burns 24/7 and is usually a home’s primary heat source. Pellet stoves typically make as much or more energy than residential solar panels and drastically reduce a home’s fossil fuel use.
Manufacturers shipped 48,277 pellet stoves to sell in the U.S. in 2012, according to the Hearth, Patio & Barbeque Association (HPBA), a trade association that tracks the annual shipments of wood, pellet and gas stoves. While 2012 sales were slow, the average pellet stove sales over the last five years was nearly 90,000 per year, according to HPBA data.