Global Industrial Biomass Boiler Market Report and Forecast 2023-2028

Global Industrial Biomass Boiler Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global industrial biomass boiler market is projected to grow at a CAGR of 2.8% between 2023 and 2028 to reach a value of USD 8.04 billion by 2028. Aided by the global push for sustainable energy solutions and the rising demand for eco-friendly industrial operations, the market is expected to grow significantly by 2028.

Industrial biomass boilers harness biological material as fuel to generate heat or both heat and electricity. The primary fuel source commonly used is wood, in various forms ranging from chips, pellets to even organic waste from agricultural activities. With the industrial sector aiming to reduce its carbon footprint and achieve sustainability goals, biomass boilers are increasingly becoming a preferred choice due to their low environmental impact.

The undeniable urge for industries worldwide to shift from conventional energy sources to sustainable alternatives propels the industrial biomass boiler market growth. Biomass boilers not only ensure a reduction in the emission of greenhouse gases but also aid in waste management by utilising organic waste as fuel. This dual benefit – of environment conservation and effective waste use – underscores the growing appeal of biomass boilers.

According to the industrial biomass boiler market analysis, the consistent surge in energy prices, particularly fossil fuels, has made industries re-evaluate their energy sourcing strategies. Biomass, being comparatively cost-effective and less susceptible to price fluctuations, has found favour among many industrial giants. These boilers, apart from offering economic benefits, also allow industries to fortify their green credentials, a factor becoming progressively significant in today's eco-conscious market.

The myriad applications of industrial biomass boilers across several sectors further escalate their demand. Whether it's the textile industry, which requires heat for dyeing and drying, or the chemical industry, which needs steam for various processes, biomass boilers have carved a niche. The food and beverage sector, with its significant heating requirements for cooking, sterilisation, and pasteurisation, is also turning to biomass-fuelled solutions.

The waste-to-energy trend, gaining traction globally, also augments the industrial biomass boiler market demand. Instead of disposing of agricultural or organic waste, industries are recognising the value it holds as a fuel source. This not only reduces the waste burden on the environment but also ensures a steady fuel supply for the boilers.

Market Segmentation

The market can be divided based on fuel type, end use, and region.

Market Breakup by Fuel Type
  • Woody Biomass
  • Agricultural Residue
Market Breakup by End Use
  • Pulp and Paper
  • Biorefineries
  • Sugar Mills
  • Rice Mills
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial biomass boiler market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Andritz AG
  • Babcock & Wilcox Enterprises Inc.
  • General Electric Company
  • Thermax Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Biomass Boiler Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Biomass Boiler Historical Market (2018-2022)
8.3 Global Industrial Biomass Boiler Market Forecast (2023-2028)
8.4 Global Industrial Biomass Boiler Market by Fuel Type
8.4.1 Woody Biomass
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Agricultural Residue
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Industrial Biomass Boiler Market by End Use
8.5.1 Pulp and Paper
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Biorefineries
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Sugar Mills
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Rice Mills
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Industrial Biomass Boiler Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Industrial Biomass Boiler Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Industrial Biomass Boiler Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Industrial Biomass Boiler Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Biomass Boiler Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Industrial Biomass Boiler Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Andritz AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Babcock & Wilcox Enterprises Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Electric Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Thermax Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Biomass Boiler Market: Key Industry Highlights, 2018 and 2028
2. Global Industrial Biomass Boiler Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
3. Global Industrial Biomass Boiler Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
4. Global Industrial Biomass Boiler Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Industrial Biomass Boiler Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Industrial Biomass Boiler Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Industrial Biomass Boiler Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Industrial Biomass Boiler Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Industrial Biomass Boiler Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Industrial Biomass Boiler Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Industrial Biomass Boiler Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Industrial Biomass Boiler Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Industrial Biomass Boiler Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Industrial Biomass Boiler Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Industrial Biomass Boiler Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Industrial Biomass Boiler Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Industrial Biomass Boiler Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Industrial Biomass Boiler Market Structure

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