Global Biomass Boilers Market to Reach 14.38 Billion by 2029, Growing at 13.7% CAGR

What Is the Expected Size and Growth Rate of the Biomass Boilers Market?
The biomass boilers market has grown at a significant rate over the years. It is expected to increase from $7.39 billion in 2024 to $8.61 billion in 2025 at a CAGR of 16.4%. Key contributors to its past growth include concerns about energy security, environmental sustainability, favorable renewable energy policies, and advancements in waste management.

The biomass boilers market is projected to grow to $14.38 billion by 2029 with a CAGR of 13.7%. This growth is driven by climate change mitigation efforts, renewable energy targets, and circular economy initiatives. Trends include improved efficiency, modularity, scalability, integration with renewable energy systems, digitalization, and smart controls.

What Factors Are Fueling Growth in the Biomass Boilers Market?
The rising demand for renewable heating solutions is expected to drive the growth of the biomass boilers market. Renewable heating solutions use energy from renewable resources to generate heat for residential, commercial, or industrial purposes. Biomass boilers are used in renewable heating solutions due to their environmental benefits, cost-effectiveness, and stability. They also help reduce greenhouse gas emissions and enhance energy security. For instance, the International Energy Agency, a France-based intergovernmental organization, predicted that renewable heat consumption would rise by nearly one-third from 2022 to 2027, increasing the share of modern renewables in heating from 11.4% to 14%. Furthermore, the New York State Energy Research and Development Authority (NYSERDA), a U.S.-based government agency, reported that heat pump sales grew from 3.9 million units in 2021 to 4.3 million units in 2022. Hence, the growing demand for renewable heating solutions is expected to drive biomass boiler market growth.

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Which Leading Companies Are Shaping the Growth of the Biomass Boilers Market?
Major companies operating in the biomass boilers market are Siemens AG, General Electric Company, Alstom SA, Doosan Heavy Industries And Construction Co. Ltd., IHI Corporation, ANDRITZ AG, Thermax Limited, Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Babcock And Wilcox Enterprises, Inc., Aalborg Energie Technik A/S, Hurst Boiler And Welding Co. Inc., Schmid energy solutions AG, Mitsubishi Hitachi Power Systems, Leroux and Lotz Technologies, Wood Energy Ltd, ETA Heiztechnik GmbH, Wellons Inc, Baxi Group Limited, AMEC Foster Wheeler plc, Nexterra Systems Corp., Advanced Recycling Equipment Inc, VAS Energy Systems International GmbH, LAMBION Energy Solutions GmbH, Mawera GmbH, Kohlbach Group, Jernforsen Energi System AB, Ansaldo Energia S.p.A., Energy Innovations (UK) Ltd, Lin-Ka Maskinfabrik A/S

What Are the Major Trends Shaping the Biomass Boilers Market?
In the biomass boiler market, companies are expanding their operations to meet the demand for renewable energy. ANDRITZ, an Austria-based machinery company, launched a biomass boiler plant for Vattenfall AB in March 2022, helping the company achieve CO2-neutrality by supplying district heat and preparing for future electricity production.

What Are the Key Segments of the Biomass Boilers Market?
The biomass boilers market covered in this report is segmented -

1) By Type: Stoker, Bubbling Fluidized Bed, Circulating Fluidized Bed, Other Types
2) By Application: Heating, Power Generation
3) By End-Use: Residential, Commercial, Industrial

Subsegments:
1) By Stoker: Chain Grate Stoker, Dumping Grate Stoker, Other Stoker Types
2) By Bubbling Fluidized Bed: Natural Circulation, Forced Circulation
3) By Circulating Fluidized Bed: High-Temperature Circulating Fluidized Bed, Low-Temperature Circulating Fluidized Bed
4) By Other Types: Moving Bed, Batch Type

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Which Region Dominates the Biomass Boilers Market?
Asia-Pacific was the largest region in the biomass boilers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biomass boilers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Biomass Boilers Global Market Report?

- Market Size Analysis: Analyze the Biomass Boilers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biomass Boilers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biomass Boilers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biomass Boilers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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