The Biomass Boilers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Biomass Boilers Market?
The global market size of biomass boilers has experienced a fast expansion recently. The market increased from $7.39 billion in 2024 and is predicted to reach $8.61 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Biomass Boilers Industry?
The Biomass Boilers Global Market Report 2025 predicts that by 2029, the market size for biomass boilers will reach $14.38 billion. The compound annual growth rate (CAGR) during this period is expected to be 13.7%.
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What are the Key Growth Drivers Fueling the Biomass Boilers Market?
The key drivers in the biomass boilers market are:
• Climate change mitigation initiatives
• Striving towards renewable energy targets
• Emphasis on circular economy
• Importance given to energy access and security
Global Market Segmentation: Identifying Major Biomass Boilers Industry Segments
The biomass boilers market covered in this report is segmented –
1) By Type: Stoker, Bubbling Fluidized Bed, Circulating Fluidized Bed, Other Types
2) By Application: Heating, Power Generation
3) By End-Use: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Biomass Boilers Market?
The key trends in the biomass boilers market are:
• Efficiency improvements in biomass boilers are a major upcoming trend.
• Modularity and scalability are becoming significant factors influencing the market.
• The integration of biomass boilers with renewable energy systems is an emerging trend.
• Digitalization and smart controls in biomass boiler technology are growing trends.
Who Are the Top Competitors & Leading Players in the Biomass Boilers Market?
Major companies in the biomass boilers market are:
• Siemens AG
• General Electric Company
• Alstom SA
• Doosan Heavy Industries And Construction Co. Ltd.
• IHI Corporation
• ANDRITZ AG
• Thermax Limited
• Harbin Electric Company Limited
• Bharat Heavy Electricals Limited
• Babcock And Wilcox Enterprises, Inc.
• Aalborg Energie Technik A/S
• Hurst Boiler And Welding Co. Inc.
• Schmid energy solutions AG
• Mitsubishi Hitachi Power Systems
• Leroux and Lotz Technologies
• Wood Energy Ltd
• ETA Heiztechnik GmbH
• Wellons Inc
• Baxi Group Limited
• AMEC Foster Wheeler plc
• Nexterra Systems Corp.
• Advanced Recycling Equipment Inc
• VAS Energy Systems International GmbH
• LAMBION Energy Solutions GmbH
• Mawera GmbH
• Kohlbach Group
• Jernforsen Energi System AB
• Ansaldo Energia S.p.A.
• Energy Innovations (UK) Ltd
• Lin-Ka Maskinfabrik A/S
Regional Dominance: Which Area Leads the Global Biomass Boilers Market?
Asia-Pacific was the largest region in the biomass boilers market in 2024
