Biomass Boiler Market - By Feedstock (Woody Biomass, Agricultural Waste, Industrial Waste, Urban Residue), By Product (Stocker, Fluidized Bed), By Application, By Regional Outlook & Forecast, 2024 – 2032

Biomass Boiler Market - By Feedstock (Woody Biomass, Agricultural Waste, Industrial Waste, Urban Residue), By Product (Stocker, Fluidized Bed), By Application, By Regional Outlook & Forecast, 2024 – 2032

Biomass Boiler Market Size

Biomass Boiler Market size in 2023 was valued at USD 12.1 billion and is set to grow at a CAGR of 9.2% up to 2032. Governments and regulatory bodies are introducing supportive policies and incentives to encourage the adoption of renewable energy creating a promising business opportunity. For instance, according to the U.S. Department of Energy, in 2023, the average household was responsible for over 16,000 pounds of CO2 emissions.

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A biomass boiler is an eco-friendly heating system that uses organic materials including agricultural waste, wood pellets, and similar substances to produce heat. These boilers operate by burning biomass in a combustion chamber transferring the generated heat to water which can then be used for space heating, hot water and industrial processes. Biomass boilers are considered a sustainable and renewable energy source since they utilize plant-based materials that can be replenished over time.

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Biomass Boiler Market Trends

The growing emphasis on decarbonization coupled with stringent government regulations aimed at reducing greenhouse gas emissions will enhance the business landscape. Increasing consumer awareness regarding energy-efficient and cost-effective heating technologies will drive industry growth. Additionally, the global shift toward clean energy sources supported by the introduction of favorable government policies and financial incentives will boost the boiler market.

Biomass Boiler Market Analysis

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The woody biomass segment will exceed over USD 10 billion by 2032. Abundant availability of feedstock coupled with ongoing technological advancements will augment the business landscape. Stringent emission regulations aimed at curbing carbon emissions, coupled with growing efforts to optimize energy usage across various sectors, have driven the adoption of these heating systems. Increasing applicability across primary metal manufacturing, paper & pulp, chemical sector, textile, and pharmaceuticals will positively sway the industry growth.

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The fluidized bed biomass boiler market size will witness growth rate of over 9% by 2032. Increasing investments toward the development of manufacturing facilities along with flourishing real estate sector will enhance the installation of these units. The demand for these units is particularly strong across developed countries where the government has implemented strict regulations to reduce the dependency on fossil fuels. The rising use of combined heat and power systems for the simultaneous production of heat and electricity will further enhance business potential.

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The Asia Pacific biomass boiler market will surpass USD 7 billion by 2032. The increasing focus on biomass co-firing and conversion as strategies for transitioning to renewable energy power generation will accelerate industry potential. Moreover, the development of integrated biomass supply chains encompassing storage facilities, collection networks and transportation infrastructure ensures a reliable and sustainable biomass fuel supply which will in turn drive product penetration.

The U.S. biomass boiler industry has witnessed a steep progression owing to stringent emission norms and rising investments in infrastructural development. The participation of private players along with federal and state governments for the development and expansion of commercial facilities have created a favorable business scenario. The ongoing infrastructural expansion owing to the resurgent construction sector is augmenting the product demand across the nation.

Biomass Boiler Market Share

Forbes Marshall is one of the prominent names in the engineering and energy solutions sector, renowned for its innovative and sustainable technologies. The company offers advanced biomass boilers, which are designed to harness renewable energy from organic materials. These boilers are engineered to deliver high efficiency and reliable performance while reducing carbon emissions and environmental impact. By utilizing agricultural residues, wood chips, and other biomass sources, Forbes Marshall's biomass boilers provide an eco-friendly alternative to traditional fossil fuel-based systems. It integrates cutting-edge automation and control technologies into its boilers to optimize fuel use and maximize energy output, ensuring both cost-effectiveness and environmental sustainability for industrial applications.

Biomass Boiler Market Companies

The key industry players include

• ANDRITZ Group
• ARITERM
• Babcock & Wilcox Enterprises, Inc.
• Binder Energietechnik Ges.m.b.H
• Cheema Boiler
• DP Cleantech
• Forbes Marshall
• Fröling Heizkessel- Und Behälterbau Ges.m.b.H
• Guntamatic Heiztechnik GmbH
• Hargassner GesmbH
• Hoval
• Hurst Boiler & Welding Co, Inc.
• John Cockerill
• John Wood Group PLC
• KwB Energiesysteme GmbH
• Maxtherm Boilers
• ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H.
• Prime Thermals
• Schmid Energy Solutions
• Sofinter S.p.a
• Sugimat
• Transparent Energy Systems Private Ltd.
• Thermax Limited
• Thermodyne Boiler
• Treco
• VIESSMANN
• Walchandnagar Industries Limited
• Windhager
• Woodco
• Zhengzhou Boiler (Group) Co., Ltd.

Biomass Boiler Industry News

• In November 2023, Sugimat advanced its biomass steam solutions nationally, delivering a water-tube steam boiler to a key player in Spain's fruit sector. Utilizing forest biomass, the 20-ton steam boiler contributes to the energy requirements for producing various fruit derivatives. This installation reinforced Sugimat's leadership in biomass steam solutions, underscoring its role in promoting sustainable energy practices within Spain's biomass sector.
   
• In March 2023, WoodCo. has launched the Tri-Star Cooker, a wood pellet boiler tailored for Irish homes. Inspired by traditional solid fuel cookers, it merges digital technology with user-friendly simplicity. Boasting a 60-liter pellet storage capacity, it includes a heating drawer, spacious oven, and hot plate, ensuring efficient and cost-effective heating. Versatile in its capabilities, it supports water heating across cylinders, radiators, and underfloor systems, aiming to integrate renewable fuel convenience seamlessly into contemporary Irish households.
   

The biomass boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments

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Market, By Feedstock

• Woody Biomass
• Agricultural Waste
• Industrial Waste
• Urban Residue
• Others

Market, By Product

• Stocker
• Fluidized Bed

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following regions and country

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil

Frequently Asked Questions (FAQ)

What is the size of the biomass boiler market?

Global biomass boiler industry was valued at USD 12.1 billion in 2023 and is anticipated to register 9.2% CAGR between 2024 and 2032 due to the growing demand for renewable heating solutions along with favorable government policies and incentives toward sustainable waste management.

Why is the demand for woody biomass boilers rising?

The woody segment in the market will accumulate USD 10 billion by 2032, due to feedstock availability, technological advancements, emission regulations, and adoption across multiple industries for optimized energy use.

How big is the Asia Pacific biomass boiler industry?

Asia Pacific biomass boiler market size will surpass USD 7 billion by 2032 due to rising focus on biomass co-firing, renewable energy transition, and robust integrated biomass supply chains for ensuring reliable fuel supply.

Who are the leading biomass boiler industry players?

ANDRITZ Group, ARITERM, Babcock & Wilcox Enterprises, Inc., Binder Energietechnik Ges.m.b.H, Cheema Boiler, DP Cleantech, Forbes Marshall, Fröling Heizkessel- Und Behälterbau Ges.m.b.H, and Guntamatic Heiztechnik GmbH, among others.