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How has the biomass boilers market grown in recent years?

The market for biomass boilers has seen rapid expansion in the last few years. A surge from $7.39 billion in 2024 to $8.61 billion in 2025, with a compound annual growth rate (CAGR) of 16.4%, is expected. Factors such as energy security, environmental issues, renewable energy regulations, and waste management contributed to this growth in the historical period.

How is the biomass boilers market size expected to evolve during the forecast period?

In the ensuing years, the biomass boilers market is projected to experience swift expansion. Its value is predicted to reach $14.38 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%. The escalation anticipated during the forecast period is primarily due to efforts to counter climate change, set renewable energy goals, circular economy strategies, and ensure energy accessibility and security. Key trends for the forecast period encompass enhancements in efficiency, modularity and scalability, the combination with renewable energy systems, the advent of digitalization and intelligent controls, along with bioenergy districts.

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Which key drivers are propelling the biomass boilers market’s growth?

The biomass boilers market is anticipated to expand owing to the rising need for renewable heating solutions. These solutions are systems or technologies that generate heat for various purposes such as residential, commercial, or industrial by using energy drawn from renewable resources. Biomass boilers make an ideal choice for these heating solutions due to their environmental friendliness, cost-effectiveness, and stability. They also assist in curtailing greenhouse gas emissions and enhancing energy security, thereby contributing to a greener and more sustainable energy future. For example, a report by the International Energy Agency, an independent intergovernmental organization based in France, towards the end of 2022 forecasted that renewable heat consumption will likely swell by nearly one third in the period from 2022 to 2027. This would elevate the usage of renewables in heating from 11.4% to 14% during this period. Moreover, the New York State Energy Research and Development Authority (NYSERDA), a government organization in the US, recorded that the sales of heat pumps grew from 3.9 million units in 2021 to 4.3 million units in 2022. Thus, the burgeoning demand for renewable heating solutions is predicted to stimulate the expansion of the biomass boiler market.

What are the market segments in the biomass boilers industry?

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 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 key trends are currently impacting the biomass boilers market’s development?

Prominent firms engaged in the biomass boiler sector are enhancing their operations in response to the rising demand for renewable energy solutions and the pressing need to diminish carbon discharges. Business expansion is characterized by the enlargement of a company’s operations, undertakings, and market reach, typically involving upscaling operational scope, exploring novel markets, or diversifying product or service offerings. For example, in March 2022, ANDRITZ, a machinery corporate entity based in Austria, effectively inaugurated a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, as part of its Carpe Futurum project. The facility contributes over 110 MW of district heat to the Uppsala region and is further engineered for future electricity production capacity. This undertaking aids Vattenfall AB in achieving its ambition of becoming CO2-neutral. Its progressive, eco-friendly design is in line with the escalating global emphasis on renewable energy sources and the imperative to lower carbon emissions.

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Which geographic areas are influencing the growth of 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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