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

What industry-specific factors are fueling the growth of the biomass boilers market?
The surge in interest for renewable heating systems is projected to fuel the expansion of the biomass boilers market in the future. These heating systems tap into renewable resources to generate heat for homes, businesses, or industrial applications. Biomass boilers have become popular in this field due to their eco-friendly nature, cost-effectiveness, and reliability. Additionally, they contribute to lowering greenhouse gas emissions, bolstering energy security, and fostering the move towards a greener, more sustainable energy future. As an example, predictions from the International Energy Agency, an autonomous intergovernmental organization based in France, indicate in 2022 that renewable heat consumption will likely rise by roughly one-third between 2022 and 2027. This would escalate the contemporary use of renewables for heat production from 11.4% to 14% within the same timeframe. Furthermore, data from the New York State Energy Research and Development Authority (NYSERDA), a US government organization, reveals that heat pump sales jumped from 3.9 million units in 2021 to 4.3 million units in 2022. Given these factors, the increasing demand for renewable heating systems signifies a promising future for the growth of the biomass boiler market.

Get Your Biomass Boilers Market Report Here:
https://www.thebusinessresearchcompany.com/report/biomass-boilers-global-market-report

What Is the projected market size and growth rate for the biomass boilers market?
The market size for biomass boilers has seen impressive growth in the past few years. Expectations predict a rise from $7.39 billion in 2024 to about $8.61 billion by 2025, marking a compound annual growth rate (CAGR) of 16.4%. Factors responsible for this growth during the historic period include energy security, environmental considerations, renewable energy policies, and waste management.

The market size of biomass boilers is projected to experience swift expansion in the upcoming years, reaching $14.38 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.7%. The projected growth within the forecast period can be ascribed to factors such as mitigation of climate change, goals related to renewable energy, the implementation of the circular economy, and the assurance of energy access and security. The forecast period is also expected to witness major trends like enhancements in efficiency, modularity and scalability, incorporation with renewable energy systems, digitalization and intelligent control, and the emergence of bioenergy districts.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14057&type=smp

What are the emerging trends shaping the future of the biomass boilers market?
Key businesses in the biomass boiler market are developing their operations to cater to the rising demand for renewable energy and the emergent need to lessen carbon emissions. Business development entails the enlargement of a firm's activities, operations, and market visibility. This expansion usually consists of scaling up operations, venturing into fresh markets, and diversifying products or services. For instance, in March 2022, ANDRITZ, a machinery industry firm based in Austria, successfully introduced a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, under its Carpe Futurum project. This plant provides over 110 MW of district heat to the Uppsala region and is also structured to produce electricity in the future stages. This effort aids Vattenfall AB in accomplishing its ambition of becoming CO2-neutral. Its efficient and eco-friendly design coincides with the growing global emphasis on renewable energy and the need to lower carbon emissions.

What major market segments define the scope and growth 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

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14057

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.

Which key market leaders are driving the biomass boilers industry growth?
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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14057&type=smp

What Is Covered In The Biomass Boilers Global Market Report?

• Market Size Forecast: Examine the biomass boilers market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biomass boilers market for a structured understanding.
• Key Players Overview: Analyze major players in the biomass boilers market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biomass boilers market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biomass boilers market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biomass boilers market.
• Industry Challenges: Identify potential risks and obstacles affecting the biomass boilers market.
• Competitive Landscape: Review strategic developments in the biomass boilers market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.