2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Biomass Boilers Market?

The escalation in the need for renewable heating solutions is projected to drive the biomass boilers market’s expansion. Renewable heating systems or technologies are tools that generate heat for residential, commercial, or industrial settings using energy from renewable resources. Biomass boilers, known for their environmental friendliness, cost-effectiveness, and stability, are commonly used in these solutions. They aid in lowering greenhouse gas emissions, boosting energy security, and promoting a shift towards a greener, more sustainable energy future. For example, as per the International Energy Agency, a France-based autonomous intergovernmental body, reports have indicated a projected rise of about a third in renewable heat consumption from 2022 to 2027. This would increase the contemporary utilization of renewable heat from 11.4% to 14% in the period 2022 to 2027. Moreover, the New York State Energy Research and Development Authority (NYSERDA), a government agency in the U.S., has documented a rise in heat pump sales from 3.9 million units in 2021 to 4.3 million units in 2022. Consequently, the escalating demand for renewable heating solutions is anticipated to stimulate the expansion of the biomass boiler market.

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#What is the Growth Potential of the Biomass Boilers Market, and How Will It Perform by 2034?

The scale of the biomass boilers market has expanded swiftly over the past few years. The market, which stood at $7.39 billion in 2024, will escalate to $8.61 billion in 2025, marking a compound annual growth rate (CAGR) of 16.4%. Factors contributing to this prolific growth during the historic phase include energy security, environmental apprehensions, policies promoting renewable energy, and waste management.

The market size of biomass boilers is predicted to expand swiftly in the coming years, reaching $14.38 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.7%. The projected surge during the forecast period is attributed to factors like efforts to mitigate climate change, objectives for renewable energy, circular economy measures, and ensuring energy accessibility and security. Predominant trends during this forecast period include advancements in efficiency, modularity, and scalability, incorporation with renewable energy systems, digitalisation, intelligent controls, and bioenergy districts.

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What New Market Trends Are Reshaping theBiomass Boilers Market and Its Opportunities?

Major companies operating in the biomass boiler market are expanding their businesses to meet the increasing demand for renewable energy sources and the growing need to reduce carbon emissions. Business expansion refers to the growth of a company’s operations, activities, and market presence. It typically involves increasing the scale of operations, expanding into new markets, and diversifying products or services. For instance, in March 2022, ANDRITZ, an Austria-based machinery industry company, successfully launched a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, for its Carpe Futurum project. The plant supplies more than 110 MW of district heat to the Uppsala area and is also prepared for electricity production at a later stage. This initiative helps Vattenfall AB achieve its goal of becoming CO2-neutral. Its efficient and environmentally friendly design aligns with the increasing global focus on renewable energy sources and the need to reduce carbon emissions.

Who Are the Leading Market Players Fueling Growth in the Biomass Boilers Market Trend?

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

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How is the Global Biomass Boilers Market Segemented?

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 Geographics 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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