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The global industrial biomass boiler market is expected to grow at a CAGR of around 2.8% in the forecast period of 2024-2032.
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The growing use of biomass, such as manure, to generate electricity and to produce biomass fuel is expected to boost the growth of the industrial biomass boiler market globally. The introduction of boiler standards across various regions is intended to enhance the growth of the industrial biomass boiler market further.
The biomass boiler is known as a biomass heating system. It generates heat by burning crop and forest waste like burning logs, wood pellets, etc. It primarily creates heat by burning wood. Biomass boilers are commonly used in hotels, fisheries, and households, among others. Furthermore, the biomass boiler helps to reduce greenhouse gas emissions due to its low carbon footprint.
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The fuel types of industrial biomass boiler can be divided into:
The industry can be broadly classified on the basis of its end-use segments into:
The EMR report looks into the regional markets of industrial biomass boiler like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The growing greenhouse gas emissions have led several agencies, like the United Nations (UN) and other organisations, to encourage more use of renewable energy sources. The adoption of these biomass boilers for waste management and the increasing demand for sustainable products are key factors propelling the demand growth and, thus, the expansion of the industrial biomass boiler industry.
The report presents a detailed analysis of the following key players in the global industrial biomass boiler market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Fuel Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global industrial biomass boiler market is projected to grow at a CAGR of around 2.8% between 2024 and 2032.
The major drivers of the market include the increasing use of renewable energy sources, increasing demand for sustainable products, and increasing focus of governments to reduce the dependency on fossil fuel.
The growing use of biomass to generate electricity and the introduction of boiler standards across various regions are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific.
The fuel types of industrial biomass boiler can be divided into woody biomass and agricultural residue.
The end-uses includes pulp and paper, biorefineries, sugar mills, and rice mills, among others.
The major players in the industry are Andritz AG, Babcock & Wilcox Enterprises Inc., General Electric Co., and Thermax Ltd., among others.
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