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Biomass Boiler Market Analysis

  • Report ID: GMI5960
  • Published Date: Jun 2024
  • Report Format: PDF

Biomass Boiler Market Analysis

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.

 Biomass Boiler Market Revenue Share, By Product, 2023

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.

Asia Pacific Biomass Boiler Market Size, 2022 - 2032 (USD Billion)

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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

Biomass Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 30
  • Tables & Figures: 52
  • Countries covered: 24
  • Pages: 120
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