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Biomass Boiler Market Size

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

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.


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.

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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