Asia-pacific Industrial Biomass Boiler Market Forecast 2025-2032

Asia-pacific Industrial Biomass Boiler Market Forecast 2025-2032

The Asia-Pacific industrial biomass boiler market is projected to rise with a CAGR of 11.48% during the forecast period of 2025-2032. The market was valued at $4037.36 million in 2024 and is expected to reach a revenue of $9672.52 million by 2032.

MARKET INSIGHTS

The Asia-Pacific industrial biomass boiler market is experiencing significant growth, driven by increasing energy demands, government initiatives towards renewable energy, and rising industrialization across the region. The transition from fossil fuels to biomass is supported by policies that promote sustainability and carbon neutrality. Countries like China and India are leading this trend, leveraging their agricultural waste for biomass energy production.

REGIONAL ANALYSIS

The growth assessment of the Asia-Pacific industrial biomass boiler market includes a detailed analysis of China, Japan, India, South Korea, Malaysia, Indonesia, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific.

China stands as the largest market for industrial biomass boilers in the Asia-Pacific region, primarily due to its widespread use of agricultural residues as fuel sources. The Chinese government has implemented favorable policies encouraging biomass utilization to reduce environmental pollution associated with coal-fired power plants. For instance, numerous biomass boiler installations have been made in provinces like Henan and Shandong, enhancing energy security and utilizing local resources.

Moreover, in India, the industrial biomass boiler market is also gaining traction with substantial investments in renewable energy projects. The country’s diverse agricultural sector provides a wealth of biomass feedstock, making it an attractive option for energy generation. Initiatives like the National Biofuel Policy reflect the government’s commitment to promoting biomass energy. For example, several companies are exploring the establishment of biomass power plants in states like Punjab and Haryana, which are rich in agricultural residues.

Australia is another notable player in the Asia-Pacific biomass boiler market, focusing on advanced biomass technologies and sustainable forestry practices. The Australian government has initiated various programs to enhance biomass energy’s contribution to the national energy mix, reflecting a shift towards renewable energy sources. An example includes the establishment of biomass-fueled power plants, such as the one in New South Wales, which utilizes wood waste from logging activities, thus improving waste management and energy recovery.

Besides, Southeast Asian countries, like Indonesia and Malaysia, are also witnessing growing interest in industrial biomass boilers. The abundant availability of palm oil residues and other agricultural by-products offers opportunities for biomass energy generation. Malaysia, particularly, is working towards increasing its biomass energy share, with instances of biomass boiler installations in palm oil mills converting waste into valuable energy resources.

Furthermore, Japan is enhancing its biomass boiler market primarily through technological advancements in energy efficiency. The country, despite facing challenges related to limited biomass resources, is focusing on importing feedstock and utilizing advanced combustion technologies. The implementation of feed-in tariffs for biomass energy projects has spurred the development of industrial biomass facilities, such as the one located in the Kumamoto Prefecture, promoting a sustainable energy future.

SEGMENTATION ANALYSIS

The Asia-Pacific industrial biomass boiler market segmentation includes feedstock, capacity, application, and type. The feedstock segment is classified into woody biomass, agriculture biomass, and urban residue.

Woody biomass under the feedstock segment includes wood chips, sawdust, and forestry residues, which is a key feedstock for industrial biomass boilers in Asia-Pacific. Countries like China, Japan, and Malaysia extensively use woody biomass due to its availability and cost-effectiveness. Policies such as Japan’s Feed-in Tariff (FIT) and China’s renewable energy initiatives promote its adoption, particularly in industries like manufacturing, agriculture, and forestry. This supports the region’s transition to greener energy and reduced carbon emissions.

The growth in the Asia-Pacific industrial biomass boiler market is also supported by increased awareness of environmental sustainability and carbon footprint reduction among industries. Many corporations are now opting for biomass solutions as part of their Corporate Social Responsibility (CSR) strategies, thereby enhancing their brand image while contributing to global sustainability efforts. This trend is evident in manufacturing sectors, where companies are adopting biomass boilers to meet renewable energy standards and enhance competitiveness.

COMPETITIVE INSIGHTS

Major players operating in the Asia-Pacific industrial biomass boiler market include KMW Energy Group, Schmid AG Energy Solutions, Detroit Stoker Company, etc.

KMW Energy Group, headquartered in Canada, specializes in the design, manufacture, and installation of biomass energy systems, including industrial biomass boilers. The company provides energy generation and waste-to-energy solutions to a wide range of industries, including commercial, agricultural, and municipal sectors. In addition to its core offerings, KMW Energy Group provides comprehensive services such as engineering, project management, and ongoing operational support.

Please Note: Report includes PDF + Excel