Biomass Boiler Market size was valued at USD 3.21 Billion in 2024 and is projected to reach USD 6.45 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global biomass boiler market size was valued at USD 6.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.2% from 2022 to 2030. This growth is primarily driven by rising environmental awareness, increasing demand for renewable energy sources, and stringent government regulations on carbon emissions. The residential segment accounted for a significant portion of the market due to the increasing adoption of sustainable heating solutions in colder regions. Industrial applications are also on the rise, especially in sectors such as food and beverage, chemical, and pulp & paper, where biomass boilers help reduce operational emissions and energy costs. Technological advancements in boiler efficiency, integration with hybrid systems, and automation features are further supporting market penetration across varied end use industries.
Regionally, Europe held the largest share of the biomass boiler market in 2022, accounting for more than 40% of global revenue, due to strong policy frameworks such as the EU Renewable Energy Directive and national incentives promoting biomass usage. North America followed, driven by increasing interest in renewable heating technologies in both the U.S. and Canada. The Asia Pacific region is expected to witness the fastest growth over the forecast period, with countries like China, India, and Japan investing in rural electrification and green energy initiatives. Latin America and the Middle East & Africa also offer untapped potential due to abundant agricultural residues and wood waste, presenting opportunities for local manufacturing and deployment. The markets expansion is further encouraged by rising fossil fuel costs, growing infrastructure investments in developing economies, and support for decentralized energy systems.
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General Electric
Compte.R.
ZHENGZHOU BOILER
Polytechnik
Kohlbach
WESTERN POWER
HAGNZHOU BOILER
Shanghai Industrial Boiler
WUXI HUAGUANG BOILER
Hurst Boiler & Welding
ENERGY INNOVATIONS
ANDRITZ
Justsen
Garioninaval
Wellons
LAMBION
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Biomass Boiler Market
Wood Chips
Agricultural Residues
Wood Pellets
Sawdust
Energy Crops
Other Biomass Fuels
Combustion
Gasification
Pyrone and Thermal Treatment
Biochemical Processes
Combined Heat and Power (CHP)
Residential Heating
Commercial Heating
Industrial Heating
Power Generation
District Heating
Hot Water Biomass Boilers
Steam Biomass Boilers
Wood Heating Systems
Pellet Boilers
Multi-Fuel Boilers
Residential Sector
Agriculture Sector
Commercial Sector
Manufacturing Sector
Public Sector
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Biomass Boiler Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Biomass Boiler Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biomass Boiler Market, By Type
6. Global Biomass Boiler Market, By Application
7. Global Biomass Boiler Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Biomass Boiler Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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