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

  • Report ID: GMI9079
  • Published Date: Apr 2024
  • Report Format: PDF

Asia Pacific Biomass Boiler Market Size

Asia Pacific Biomass Boiler Market size in 2023 was valued at USD 3 billion and is estimated to grow at a rate of 10.2% up to 2032. The increasing regional focus on toward the adoption of renewable energy and sustainable initiatives is propelling the industry potential. For instance, over 1,300 biomass power plants have been commissioned and are now operational across China.
 

Asia Pacific Biomass Boiler Market

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A biomass boiler is an environmentally friendly heating system that harnesses the energy from natural materials such as wood pellets and agricultural waste to produce heat. It functions by combusting these renewable fuels, releasing heat energy which is utilized to heat water or generate steam. The resulting hot water or steam is then circulated to provide warmth and can also be used to generate electricity.
 

Asia Pacific Biomass Boiler Market Trends

The regulatory bodies are implementing favorable policies and incentives including feed-in tariffs, renewable energy targets, tax breaks and grants, which in turn will accelerate the deployment of these units. The heightened emphasis on decarbonization and the enforcement of strict government regulations targeting greenhouse gas emissions reduction are poised to bolster the industry potential. Furthermore, growing consumer awareness about embracing energy-efficient and economical heating technologies will drive the product adoption.
 

Asia Pacific Biomass Boiler Market Analysis

Asia Pacific Biomass Boiler Market Size, By Feedstock, 2022 - 2032  (USD Billion)
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The industrial waste biomass boiler market will surpass USD 1 billion by 2032. Paradigm shift toward renewable energy sources along with stringent government regulation to limit carbon emissions will amplify the business outlook. Increasing recognition of the environmental and economic benefits in line with growing emphasis on circular economy principles will positively sway the industry potential.
 

Asia Pacific Biomass Boiler Market Revenue Share, By Application, 2023
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The residential boiler market size will witness a growth rate of over 9.5% by 2032. Rising concerns about climate change and energy costs coupled with increasingly gazing for sustainable alternative to traditional fossil fuel-based systems will augment the business scenario. Furthermore, advancements in biomass boiler technology have led to increased efficiency and ease of use, making them more appealing to homeowners.
 

China Biomass Boiler Market Size, 2022 - 2032 (USD Billion)
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The China biomass boiler market is set to surpass USD 3.5 billion by 2032. The regulatory authorities are actively investing in biomass energy production and the establishment of dedicated biomass power plants, thereby accelerating the industry's potential. A thriving agricultural sector coupled with stringent government policies aimed at reducing carbon footprint through renewable sources will invigorate the business landscape. Abundant biomass resources including agricultural residues, forestry residues and municipal solid waste will further stimulate the product penetration.
 

Japan biomass boiler market is set to grow on account of supportive government policies and increasing awareness of environmental sustainability. Shifting focus to reduce dependence on imported fossil fuels coupled with favorable government schemes and funding will augment the industry landscape. The product offers key advantages including high efficiency, reliability, and cost-effectiveness, stimulating the business growth.
 

Asia Pacific Biomass Boiler Market Share

Asia Pacific Biomass Boiler Company Share Analysis, 2023

Hoval is a Swiss-based company that specializes in the development, production, and distribution of heating and ventilation systems, including biomass boilers. The company product line includes different models with varying capacities, features, and configurations to suit different customer needs and project requirements. These boilers are designed to burn a variety of biomass fuels, including wood pellets, wood chips, agricultural residues, and energy crops with high efficiency and low emissions.
 

Asia Pacific Biomass Boiler Market Companies

The key industry players include:

  • ANDRITZ
  • ARITERM
  • Babcock & Wilcox Enterprises
  • Binder Energietechnik Ges.m.b.H.
  • DP CleanTech
  • Forbes Marshall
  • Hoval
  • Hurst Boiler & Welding Co.
  • John Wood Group PLC
  • Maxtherm Boilers
  • Prime Thermals
  • Schmid Energy Solutions
  • Sofinter S.p.a
  • Sugimat
  • Thermodyne Boilers
  • Treco
  • VIESSMANN
  • Walchandnagar Industries
  • Windhager
  • Woodco
     

Asia Pacific Biomass Boiler Industry News

  • In March 2023, WoodCo introduced its Tri-Star Cooker, a wood pellet boiler designed for Irish homes. With a sleek design reminiscent of traditional solid fuel cookers, it combines digital technology with simplicity. It features a 60-liter pellet storage, heating drawer, large oven, and hot plate and provides efficient and economical heating. It also offers versatility for water heating in cylinders, radiators, and underfloor systems. The Tri-Star Cooker aims to bring renewable fuel convenience to modern Irish households.
     
  • In August 2022, ANDRITZ secured its 15th order from Toyo Engineering Corporation to supply a 50-MW PowerFluid CFB boiler for the Gobo Biomass Power Plant in Japan. The advanced boiler, fueled by wood pellets and palm kernel shells, contributes to carbon neutrality in Japan and aims to meet CO2 reduction targets. The project, part of ANDRITZ's sustainable solutions portfolio, supports the shift from fossil fuels to renewable energy in the Japanese power industry. The startup is scheduled for 2025, and the biomass power plant is expected to provide electricity for around 110,000 Japanese households.
     

The Asia Pacific 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 countries:

  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific biomass boiler industry size recorded USD 3 billion in 2023 and is expected to depict 10.2% CAGR from 2024 to 2032, owing to the increasing regional focus on the adoption of renewable energy and sustainable initiatives.
The industrial waste segment in the market is estimated to accumulate over USD 1 billion by 2032, due to the paradigm shift toward renewable energy sources along with rising efforts by the governments to limit carbon emissions.
China biomass boiler industry is expected to be worth over USD 3.5 billion by 2032 led by the growing investments in biomass energy production and the establishment of dedicated biomass power plants.
ANDRITZ, ARITERM, Babcock & Wilcox Enterprises, Binder Energietechnik Ges.m.b.H., DP CleanTech, Forbes Marshall, Hoval, Hurst Boiler & Welding Co., John Wood Group PLC, Maxtherm Boilers, Prime Thermals, Schmid Energy Solutions, Sofinter S.p.a, Sugimat, Thermodyne Boilers, Treco, VIESSMANN, Walchandnagar Industries, Windhager, and Woodco are some of the major biomass boiler companies in the Asia Pacific.

Asia Pacific Biomass Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 35
  • Countries covered: 7
  • Pages: 125
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