Biomass Boiler Market By Feedstock Type (Woody Biomass, Agriculture and Forest Residues, Biogas and Energy Crops, Urban Residues), By End-Use (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032
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.
Key Benefits For StakeholdersThis 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.
Key Market SegmentsBy Feedstock TypeWoody Biomass
Agriculture and Forest Residues
Biogas and Energy Crops
Urban Residues
By End-UseResidential
Commercial
Industrial
By RegionNorth 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.
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