PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1533917
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1533917
Industrial Biomass Boilers
Global Industrial Biomass Boilers Market to Reach US$1.4 Billion by 2030
The global market for Industrial Biomass Boilers estimated at US$1.2 Billion in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2023-2030. Wooden Biomass Boiler, one of the segments analyzed in the report, is expected to record a 2.3% CAGR and reach US$987.9 Million by the end of the analysis period. Growth in the Agricultural Residue Boiler segment is estimated at 2.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$331.7 Million While China is Forecast to Grow at 4.8% CAGR
The Industrial Biomass Boilers market in the U.S. is estimated at US$331.7 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$284.6 Million by the year 2030 trailing a CAGR of 4.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.7% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Global Industrial Biomass Boilers Market - Key Trends & Drivers Summarized
Why Are Industrial Biomass Boilers Gaining Popularity?
Industrial biomass boilers have surged in popularity as a sustainable energy solution, particularly appealing for their use of renewable resources to generate heat and power. These systems combust organic materials, such as wood chips, crop residues, and other bio-based waste, to produce energy. Unlike fossil fuels, these biomass sources are replenished over a short period and contribute minimally to carbon emissions since the CO2 released during combustion is generally offset by the carbon absorbed during the life cycle of the plants. The technology behind biomass boilers has advanced to handle various types of organic materials, offering a flexible solution to industries looking to reduce their carbon footprint and utilize waste products effectively.
How Has Technology Enhanced the Efficiency of Biomass Boilers?
Technological advancements have significantly refined the operational efficiency and environmental sustainability of industrial biomass boilers. Modern systems are equipped with enhanced combustion technology that maximizes energy output while minimizing waste, making them both efficient and eco-friendly. Innovations include automated feeding systems that ensure consistent fuel delivery and sophisticated emissions control technologies that drastically reduce particulate matter and gaseous emissions. Moreover, many of today's biomass boilers are integrated with smart technology that enables real-time monitoring and precise control of the combustion process, leading to optimal performance and reduced maintenance costs.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Industrial Biomass Boilers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
III. MARKET ANALYSIS
IV. COMPETITION
