The global biomass boiler market was valued at $5.5 billion in 2022, and is projected to reach $22.8 billion by 2032, growing at a CAGR of 15.4% from 2023 to 2032.
A biomass boiler is a type of boiler that uses organic materials derived from plants or animal waste as fuel to generate heat or electricity. It works by burning biomass fuel in a combustion chamber, transferring the released heat to water, and producing steam or hot water for heating purposes or power generation. Biomass boilers can utilize a wide range of biomass feedstocks such as wood pellets, wood chips, agricultural residues such as straw or corn stover, energy crops such as switchgrass or miscanthus, and even dedicated biomass crops grown specifically for energy production.
These boilers consist of components such as fuel storage, a fuel delivery system, a combustion chamber, heat exchangers, control systems, and emission control technologies. Biomass boilers provide a sustainable and environment-friendly alternative to fossil fuel-based boilers by harnessing renewable biomass resources. They contribute toward reducing carbon emissions, promoting energy security, and utilizing locally available biomass materials. Biomass boilers have a wide range of applications across various sectors. These boilers are used to generate heat or electricity by burning organic materials derived from plants or animal waste. One of the primary use of biomass boilers is for heating homes and buildings. They are used in residential, commercial, and industrial settings, providing efficient and sustainable space heating solutions.
The biomass boiler industry is segmented on the basis of feedstock, end user, and region. By feedstock, the market is segmented into woody biomass, agricultural & forest residue, urban residue, and biogas & energy crops. By end user, the market is divided into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their biomass boiler market share. The key players operating in the biomass boiler market include Viessmann Group, ETA Heiztechnik GmbH, HARGASSNER GesmbH, Guntamatic Heiztechnik GmbH, Fröling Heizkessel- und Behälterbau Ges.m.b.H., Woodco, Thermax Limited., Forbes Marshall, Hurst Boiler & Welding Co, Inc., and HDG Bavaria GmbH. In addition, the market drivers, restraints, and opportunities are explained in the report.
A biomass boiler is a type of boiler that uses organic materials derived from plants or animal waste as fuel to generate heat or electricity. It works by burning biomass fuel in a combustion chamber, transferring the released heat to water, and producing steam or hot water for heating purposes or power generation. Biomass boilers can utilize a wide range of biomass feedstocks such as wood pellets, wood chips, agricultural residues such as straw or corn stover, energy crops such as switchgrass or miscanthus, and even dedicated biomass crops grown specifically for energy production.
These boilers consist of components such as fuel storage, a fuel delivery system, a combustion chamber, heat exchangers, control systems, and emission control technologies. Biomass boilers provide a sustainable and environment-friendly alternative to fossil fuel-based boilers by harnessing renewable biomass resources. They contribute toward reducing carbon emissions, promoting energy security, and utilizing locally available biomass materials. Biomass boilers have a wide range of applications across various sectors. These boilers are used to generate heat or electricity by burning organic materials derived from plants or animal waste. One of the primary use of biomass boilers is for heating homes and buildings. They are used in residential, commercial, and industrial settings, providing efficient and sustainable space heating solutions.
The biomass boiler industry is segmented on the basis of feedstock, end user, and region. By feedstock, the market is segmented into woody biomass, agricultural & forest residue, urban residue, and biogas & energy crops. By end user, the market is divided into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their biomass boiler market share. The key players operating in the biomass boiler market include Viessmann Group, ETA Heiztechnik GmbH, HARGASSNER GesmbH, Guntamatic Heiztechnik GmbH, Fröling Heizkessel- und Behälterbau Ges.m.b.H., Woodco, Thermax Limited., Forbes Marshall, Hurst Boiler & Welding Co, Inc., and HDG Bavaria GmbH. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biomass boiler market analysis from 2022 to 2032 to identify the prevailing biomass boiler market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the biomass boiler market segmentation assists to determine the prevailing market size.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global biomass boiler market trends, key players, market segments, application areas, and biomass boiler market growth strategies.
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Key Market Segments
By Feedstock Type
- Woody Biomass
- Agriculture and Forest Residues
- Biogas and Energy Crops
- Urban Residues
By End-Use
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Viessmann Group
- HDG Bavaria GmbH
- HARGASSNER GesmbH
- Woodco
- Thermax Limited
- Guntamatic Heiztechnik GmbH
- Forbes Marshall Private Limited
- ETA Heiztechnik GmbH
- Froling Heizkessel- und Behalterbau Ges.m.b.H.
- Hurst Boiler & Welding Co, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIOMASS BOILER MARKET, BY FEEDSTOCK TYPE
CHAPTER 5: BIOMASS BOILER MARKET, BY END-USE
CHAPTER 6: BIOMASS BOILER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the biomass boiler market was valued at $5.5 billion in 2022, and is estimated to reach $22.8 billion by 2032, growing at a CAGR of 15.4% from 2023 to 2032.A biomass boiler is a type of boiler that employs organic matter from plants or animal waste as its fuel source. These organic materials known as biomass, encompass wood, farm residues, energy crops, and other biological substances. The combustion of biomass within the boiler produces heat energy, utilized for generating steam or hot water for heating purposes or electricity production. Biomass boilers come in various sizes and designs, ranging from small residential units to large industrial setups. They find application in district heating, industrial procedures, and residential heating, serving as an eco-friendly and sustainable substitute for conventional fossil fuel boilers. Biomass boilers significantly contribute to tackling environmental and energy issues, furnishing a renewable and lasting approach to heat and power generation.
Decarbonization involves shifting from carbon-intensive to cleaner energy sources. It aims to reduce fossil fuel use, like coal and oil, to mitigate carbon dioxide emissions. Biomass boilers use organic materials for fuel, emitting CO2 but offsetting it through new biomass growth, creating a closed-loop carbon cycle. This aids in carbon-neutral or low-carbon combustion. Replacing fossil fuel heating with biomass boilers significantly cuts emissions, supporting decarbonization. According to the International Renewable Energy Agency (IREA), bioenergy plays a key role in the energy transition compatible with meeting the 1.5°C climate goals. Modern bioenergy’s contribution to the demand for energy and feedstock is expected to grow by a factor of three by 2030. It provides 17% of all final energy consumption by 2050, contributing to all end-use sectors and especially enabling emission reductions in sectors where there are few other options. In addition, government policies and agreements like the Paris Agreement accelerate decarbonization by encouraging renewable adoption and phasing out fossil fuels, propelling the growth of biomass boilers.
Challenges within the biomass boiler are the presence of combustion systems that emit pollutants and create ash deposition. Concerns about air quality due to the emission of particulate matter, nitrogen oxides (NO), carbon monoxide (CO), and volatile organic compounds (VOCs) raise challenges for biomass boiler installations, especially in densely populated areas. Local regulations and community acceptance play a vital role in their deployment. In addition, managing and disposing of ash in biomass boilers require proper practices to maintain efficiency and reduce maintenance requirements. Regulatory requirements for ash disposal impact operational costs and logistics. These challenges may lead consumers to choose alternative heating options and hamper the growth of the biomass boiler market.
Government incentives like feed-in tariffs, renewable heat incentives, tax benefits, and grants enhance the financial viability of biomass boilers by reducing upfront costs, shortening payback periods, and boosting returns on investment. These incentives make biomass boilers an appealing choice, especially compared to traditional fossil fuel heating. Government policies, such as renewable energy targets, portfolio standards, and energy certificates, establish a conducive for biomass boilers market analysis, boosting demand and benefiting suppliers, manufacturers, and service providers. The abovementioned factors will provide biomass boiler market opportunities for the growth during the forecast period.
The biomass boiler market is segmented on the basis of feedstock, end user, and region. By feedstock, the market is segmented into woody biomass, agricultural & forest residue, urban residue, and biogas & energy crops. By end user, the market is divided into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players that operate in the global biomass boilers market are Viessmann Group, ETA Heiztechnik GmbH, HARGASSNER GesmbH, Guntamatic Heiztechnik GmbH, Fröling Heizkessel- und Behälterbau Ges. m.b. H., Woodco, Thermax Limited., Forbes Marshall, Hurst Boiler & Welding Co, Inc., and HDG Bavaria GmbH. Additional growth strategies such as new product developments, acquisition, and business expansion strategies, are also adopted to attain key developments in the biomass boilers market trends.
Impact analysis:
The Russia-Ukraine war has indirect effects on the biomass boiler industry, especially in regions closely linked to Russia or Ukraine. Energy markets, including biomass fuels, are influenced by the conflict, affecting global energy prices and thus the competitiveness of biomass boilers. In addition, uncertainty from geopolitical conflicts hampers investment decisions, prompting caution among businesses and investors. This delays or reduces investments in biomass projects, restraining market growth. Fluctuations in fossil fuel prices further impact biomass boiler cost-effectiveness, influencing decisions for potential investors and operators. Geopolitical instability thus disrupts the biomass boiler market's expansion and investment landscape.Simultaneously, economic crises result in reduced investments in renewable projects like biomass boilers due to financial constraints and uncertainty. Potential investors are hesitant to commit capital, impacting industry growth. During such downturns, individuals and businesses prioritize cost-saving. While biomass boilers offer long-term benefits, the initial high investment deters adoption. Economic instability leads to postponed installations until conditions stabilize. However, crises foster energy sector competition, driving innovation, cost reduction, and efficiency improvement in biomass technology.
Key Findings of the Study
:On the basis of feedstock, the woody biomass segment emerged as the global leader by acquiring more than half of the market share in 2022 and is anticipated to continue this trend during the biomass boiler market forecast.On the basis of end-use, the industrial segment emerged as the largest biomass boiler market size in terms of share in 2022, which accounts for more than three-fifths of the biomass boiler market share.
On the basis of region, Asia-Pacific is the major consumer of biomass boiler among other regions. It accounted for more than half of the global market share in 2022.
Companies Mentioned
- Viessmann Group
- HDG Bavaria GmbH
- HARGASSNER GesmbH
- Woodco
- Thermax Limited
- Guntamatic Heiztechnik GmbH
- Forbes Marshall Private Limited
- ETA Heiztechnik GmbH
- Froling Heizkessel- und Behalterbau Ges.m.b.H.
- Hurst Boiler & Welding Co, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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