Woody Biomass Boiler Market Size - By Product (Stocker, Fluidized Bed), By Application (Residential, Commercial, Industrial), By Regional Outlook & Forecast, 2024 – 2032

Woody Biomass Boiler Market Size

Woody Biomass Boiler Market size was valued at USD 5.6 billion in 2023 and is estimated to grow at a CAGR of 9.1% between 2024 and 2032. Increasing demand for renewable energy sources along with growing need for sustainable waste management solutions will positively impact the industry landscape. For instance, in 2023, the solar energy installation witnesses a growth of over 3.5% across the U.S.
 

A woody biomass boiler is a type of heating system that burns wood and other organic materials derived from trees to produce heat for residential, commercial and industrial use. The biomass can come in various forms, such as wood chips, pellets and logs. The biomass fuel is fed into the boiler's combustion chamber where it is burned. The combustion process releases heat energy. These systems are a sustainable and efficient way to generate heat using renewable wood-based fuels.
 

Woody Biomass Boiler Market Trends

The industry is bolstered by supportive government policies and incentives aimed at reducing carbon emissions and promoting clean energy. Ongoing technological advancements in biomass conversion processes and the rising adoption of biomass for industrial applications will further contribute to the business expansion. Additionally, these systems are gaining traction in sectors including construction and manufacturing, where it is used to produce bio-based products and materials, which in turn will fuel the boiler market.
 

Woody Biomass Boiler Market Analysis

The stocker segment will exceed over USD 3 billion by 2032. These boilers utilize a mechanical stoker to automatically feed fuel into the combustion chamber, ensuring a consistent and efficient burn. Increasing applicability across industrial and commercial facilities along with stringent government regulations to limit carbon emissions will positively impact the business landscape. Moreover, they are suitable for a variety of applications, including district heating, power generation, and process heating, making them a versatile and sustainable energy solution.
 

The residential woody biomass boiler market size will witness growth rate of over 8% by 2032. Implementation of government incentives and policies to promote renewable energy along with technological advancements improving boiler efficiency and convenience will drive the business outlook. The shift from fossil fuels to renewable biomass energy while leveraging existing infrastructure will positively transform the business landscape.
 

The Europe woody biomass boiler market is set to reach over USD 7.5 billion by 2032. The increasing inclination toward biomass co-firing and conversion as methods for shifting to renewable energy sources will boost the industry potential. Furthermore, developing integrated biomass supply chains encompassing collection networks, storage facilities, and transportation infrastructure will ensure a dependable and sustainable supply of biomass fuel, which in turn will fuel the product penetration.
 

The surging emphasis on decarbonization coupled with stringent government regulations aimed at reducing greenhouse gas emissions will enhance the U.S. woody biomass boiler industry. Rising consumer awareness of energy-efficient and cost-effective heating technologies will further drive the industry growth. Additionally, the global shift toward clean energy sources supported by new policies and financial incentives, will further improve the business outlook.
 

Woody Biomass Boiler Market Share

Maxtherm Boilers is one of the prominent manufacturers specializing in the design and production of high-quality boilers, including biomass boilers. Their biomass boilers are designed to utilize organic materials as fuel, offering a sustainable and environmentally friendly alternative to traditional fossil fuel-based systems. These boilers are designed to achieve high efficiency, ensuring maximum energy extraction from the biomass fuel. Advanced combustion technology and optimized heat exchange processes contribute to their superior performance.
 

Woody Biomass Boiler Market Companies

The key industry players include:

• ANDRITZ
• ARITERM
• Babcock & Wilcox Enterprises
• DP CleanTech
• Forbes Marshall
• Hoval
• Hurst Boiler & Welding Co.
• John Cockerill
• John Wood Group PLC
• Maxtherm Boilers
• Prime Thermals
• Schmid Energy Solutions
• Sofinter S.p.a
• Sugimat
• TESPL
• Thermax Limited
• Thermodyne Boilers
• VIESSMANN
• Windhager
• Woodco
   

Woody Biomass Industry News

• In March 2023, Woodco has unveiled its latest innovation: the Tri-Star Cooker, a wood pellet boiler tailored for Irish residences. Drawing inspiration from classic solid fuel cookers, its sleek design harmoniously merges digital advancements with user-friendly simplicity. Boasting a spacious 60-liter pellet storage, a heating drawer, a generous oven, and a hot plate, it delivers both efficiency and economy in heating. Moreover, it offers a versatile solution for water heating across cylinders, radiators, and underfloor systems, bringing the convenience of renewable fuel to contemporary Irish homes.
   
• In January 2022, Windhager announced the construction of a new factory and logistics center in Pinsdorf, Gmunden. The expansion came after significant sales growth in sustainable heating solutions over the past two years, pushing production capacities to their limits. The new facility is expected to be operational by mid-2023.aimed at accommodating market growth and offering eco-friendly heating solutions.
   

The woody 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 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