Biomass Boilers Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Biomass Boilers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Biomass Boilers Market?
The market for biomass boilers has seen rapid expansion in the past few years. It is projected to increase from $7.39 billion in 2024 to $8.61 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.4%. The historical growth of the market can be associated with factors such as energy security, environmental considerations, renewable energy strategies, and waste management.

The market size for biomass boilers is predicted to experience swift expansion over the coming years, ultimately reaching a value of $14.38 billion by 2029 due to a compound annual growth rate (CAGR) of 13.7%. The market growth in the forecast period is driven by factors such as mitigation of climate change, renewable energy goals, circular economy measures, and energy accessibility and security. Key trends expected to emerge during this period include enhancements in efficiency, modularity and scalability, collaboration with renewable energy systems, and advancements in digitalization and intelligent controls, as well as bioenergy districts.

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What Are the Different Biomass Boilers Market Segments?
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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What Are the Primary Drivers Shaping the Biomass Boilers Market?
The biomass boilers market is anticipated to experience significant growth due to the increasing demand for renewable heating solutions. These systems or technologies employ energy derived from renewable resources to generate heat, catering to residential, commercial, or industrial needs. Biomass boilers have a pivotal role in this context owing to their eco-friendliness, cost-effectiveness, and consistency. They help minimising greenhouse gas emissions and advocating energy security, thus facilitating the transition towards a cleaner, more sustainable energy future. For instance, reports from the International Energy Agency, an independent intergovernmental organization based in France, forecast a surge in renewable heat consumption by nearly a third between 2022-2027, boosting the modern use of renewables for heating from 11.4% to 14% during the same period. Moreover, data from the New York State Energy Research and Development Authority, a government entity in the US, reveals an increase in heat pump sales from 3.9 million units in 2021 to 4.3 million units in 2022. Thus, the spiking demand for renewable heating solutions is predicted to boost the growth of the biomass boiler market.

Which Companies Are Leading in 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 Trends Are Expected to Dominate the Biomass Boilers Market in the Next 5 Years?
Prominent businesses in the biomass boiler realm are broadening their reach to accommodate the escalating demand for green energy alternatives and the pressing requirement to minimize carbon footprints. This business expansion embodies the enhancement of a firm's various undertakings, actions, and market dominance in terms of extending its operation scale, venturing into fresh markets, and broadening product or service range. For instance, in March 2022, ANDRITZ, a machinery industrial company based in Austria, effectively set off a novel biomass boiler plant for its Carpe Futurum venture at Vattenfall AB in Uppsala, Sweden. The facility provides over 110 MW of district heat to the Uppsala region and has also made provisions for future electricity production. This endeavor propels Vattenfall AB towards its ambition of achieving CO2-neutrality. The plant's proficient and eco-friendly conception corresponds with the escalating international emphasis on adopting renewable energy alternatives and the urge to curb carbon emissions.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biomass Boilers Market?
2. What is the CAGR expected in the Biomass Boilers Market?
3. What Are the Key Innovations Transforming the Biomass Boilers Industry?
4. Which Region Is Leading the Biomass Boilers Market?

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