Biomass Boiler Market - By Feedstock (Woody Biomass, Agricultural Waste, Industrial Waste, Urban Residue), By Product (Stocker, Fluidized Bed), By Application, By Regional Outlook & Forecast, 2024 - 2032

Global Biomass Boiler Market size will register a 9.2% CAGR from 2024 to 2032, owing to innovations in biomass boiler technology and economic growth. Advanced technologies, such as improved efficiency and dual-purpose systems for heat and power, enhance the appeal of biomass boilers. As economies expand, the demand for sustainable and cost-effective energy solutions rises, further boosting market growth. The combination of technological advancements and increased energy needs creates a robust environment for biomass boiler adoption, supporting both environmental goals and economic development.

For instance, in March 2022, ANDRITZ launched a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, as part of the ""Carpe Futurum"" project. The plant provides over 110 MW of district heat and can later produce electricity. This development highlights the increasing adoption of biomass technology for substantial district heating applications and its potential for future electricity generation. It underscores the market's shift towards versatile, high-capacity biomass solutions that support both heat and power needs. Also, this project demonstrates growing investment in renewable energy infrastructure, reinforcing the market's trajectory towards sustainable energy solutions.

The biomass boiler industry is classified based on feed stock, product, application, and region.

The industrial waste segment will witness remarkable expansion through 2032 due to its ample availability and energy potential. Biomass boilers designed to utilize industrial waste help manage waste efficiently while generating energy, making them an attractive option for industries seeking sustainable practices. The growing emphasis on waste-to-energy solutions and stringent environmental regulations are driving the adoption of these systems. By converting industrial by-products into useful energy, biomass boilers reduce waste disposal costs and support greener, more efficient industrial operations.

The industrial segment will see a considerable surge by 2023, driven by its significant energy demands and focus on sustainability. Industries are increasingly turning to biomass boilers to reduce reliance on fossil fuels, manage waste, and cut operational costs. These boilers efficiently convert biomass into heat and power, supporting industrial processes while minimizing environmental impact. The growing emphasis on green energy solutions and regulatory pressures further drive the adoption of biomass boilers in industrial settings, cementing their dominant market position.

Europe biomass boiler market share will reach a notable CAGR between 2024 and 2032, fueled by its strong commitment to renewable energy and strict environmental regulations. The region's emphasis on reducing greenhouse gas emissions and transitioning to sustainable energy sources drives substantial investments in biomass technology. Additionally, Europe's well-established infrastructure for biomass production and utilization further supports market growth. This focus on green energy solutions and regulatory frameworks positions Europe as a central contributor to the biomass boiler industry forecasts.