Comprehensive Biomass Boilers Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Biomass Boilers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of biomass boilers has seen a swift expansion in the past few years. Rising from a value of $7.39 billion in 2024, the market is projected to reach $8.54 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.5%. Factors driving the growth during the historic period include energy security, environmental concerns, renewable energy policies, and waste management strategies.

Biomass Boilers Market Size Forecast: What's the Projected Valuation by 2029?
The market size of biomass boilers is predicted to experience swift expansion in the coming years. It is projected to reach $14.16 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 13.5%. The anticipated growth in this forecast period is primarily due to factors such as mitigation of climate change, goals for renewable energy, initiatives for a circular economy, and energy accessibility and security. The forecast period also indicates notable trends like advancements in efficiency, modularity and scalability, amalgamation with renewable energy systems, digitalization, intelligent controls, and bioenergy sectors.

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What Are the Drivers Transforming the Biomass Boilers Market?
The rising need for renewable heat solutions is predicted to drive the expansion of the biomass boilers market. These solutions consist of systems or technologies that use energy generated from renewable sources to produce heat for domestic, commercial, or industrial applications. Biomass boilers fulfill the need for these solutions due to their environmentally consciousness, cost-effectiveness, and stability. Not to mention, they help in reducing greenhouse gas emissions and bolstering energy security, creating a smoother transition to a more sustainable energy future. For example, in 2022, the International Energy Agency, an independent intergovernmental organization headquartered in France, has projected that by 2022-2027, renewable heat consumption would grow by roughly a third, raising the advanced use of renewables for heat production from 11.4% to 14%. Furthermore, the New York State Energy Research and Development Authority (NYSERDA), an American government organization, reported that heat pump sales rose from 3.9 million units in 2021 to 4.3 million units in 2022. Hence, the burgeoning demand for renewable heat solutions is predicted to boost the advancement of the biomass boiler market.

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What Are the Key Trends Driving Biomass Boilers Market Growth?
Leading businesses in the biomass boiler market are broadening their commercial scope to cater to the rising demand for green energy sources and the urgent need to diminish carbon output. Business expansion denotes the increase in a company's functioning, activities, and market visibility, usually encompassing enhanced operation scales, an foray into fresh market arenas, and product or service diversification. As a case in point, ANDRITZ, an enterprise based in Austria specializing in machinery, successfully inaugurated a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, for its Carpe Futurum initiative in March 2022. Providing more than 110 MW of district heat to the Uppsala region, the plant is also equipped for future electricity production. This endeavor enables Vattenfall AB to accomplish its ambition of becoming CO2-neutral. Its proficient and eco-friendly design resonates with the growing worldwide emphasis on green energy sources and the imperative to cut down carbon emissions.

Which Segments in the Biomass Boilers Market Offer the Most Profit Potential?
The biomass boilersmarket 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 Firms Dominate the Biomass Boilers Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential 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.

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