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Europe Biomass Boiler Market Size

  • Report ID: GMI6803
  • Published Date: Sep 2023
  • Report Format: PDF

Europe Biomass Boiler Market Size

Europe Biomass Boiler Market size was valued at USD 10.1 billion in 2023 and is estimated to grow at over 7.8% CAGR from 2024 to 2032. A biomass boiler is a sustainable heating system that utilizes the energy from natural substances like wood pellets and agricultural waste to generate heat. It operates by burning these renewable fuels, releasing heat energy that is used to either heat water or produce steam. The generated hot water or steam is then circulated to supply warmth and generate electricity.

 

Europe Biomass Boiler Market

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The growing global emphasis on renewable energy and sustainable initiatives is driving the biomass boiler industry. Governments and regulatory authorities across the world are introducing favorable policies and incentives to encourage the adoption of renewable energy sources, which is creating a promising business environment. Supportive policies such as feed-in tariffs, renewable energy objectives, tax incentives, and grants are acting as catalysts for the installation of these boilers.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of biomass boiler in Europe was worth USD 10.1 billion in 2023 and is estimated to reach USD 20.1 billion by 2032.

The stocker biomass boiler industry will witness around 6.5% CAGR from 2023 to 2032, due to the rising shift toward renewable energy sources.

France biomass boiler market was valued at USD 1 billion in 2022 and will witness substantial growth through 2032, as the nation is actively investing in the production of biomass energy and development of dedicated biomass power plants.

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

Europe Biomass Boiler Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 310
  • Countries covered: 9
  • Pages: 125
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