Biomass Boiler Market - Industry Insights & Forecast 2034

Industry Prospective:

The global biomass boiler market size was worth around USD 12.44 Billion in 2024 and is predicted to grow to around USD 25.29 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.2% between 2025 and 2034. The report analyzes the global biomass boiler market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the biomass boiler industry.

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Biomass Boiler Market: Overview

Biomass is a common type of fuel that is sourced from living or non-living matters. It could be anything ranging from wooden logs to pellets or chips and sticks. Biomass boilers are self-controlled appliances that act as fuel regulators to be delivered to the burners of the boilers. There is a pellet opener that sucks in the fuel and is then transferred to the burner for the boiler to function.

The boilers actually burn any raw plant materials like chips, logs, or wood pellets to power heat any liquid. They emit less carbon dioxide and hence they find leverage in many applications like commercial buildings, district heating, colleges, hospitals, farms, community centers, and household works.

The installation is actually very simple but needs sufficient spacing for the fuel storage and boilers. Aspects that have to be factored into buying good biomass boilers are quality of wood fuel, space, and cost.

They are also widely used in hotels, fisheries, and restaurants to process and cook food items. The emission of greenhouses gases in biomass boilers is very less which makes it very energy-efficient. It is also quite effectively used as a raw substance for generating electricity.

Key Insights

• As per the analysis shared by our research analyst, the global biomass boiler market is estimated to grow annually at a CAGR of around 8.2% over the forecast period (2025-2034).
• Regarding revenue, the global biomass boiler market size was valued at around USD 12.44 Billion in 2024 and is projected to reach USD 25.29 Billion by 2034.
• The biomass boiler market is projected to grow at a significant rate due to increasing focus on renewable energy sources, government incentives, and rising energy efficiency requirements.
• Based on Feedstock Type, the Woody Biogas segment is expected to lead the global market.
• On the basis of Product Type, the Stoker Boilers segment is growing at a high rate and will continue to dominate the global market.
• Based on the End-User, the Residential segment is projected to swipe the largest market share.
• Based on region, Europe is predicted to dominate the global market during the forecast period.

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Biomass Boiler Market: Growth Drivers

The renewable character of biomass boilers and government initiatives to support biodegradable products trigger market growth

The renewable attribute of these biomass boilers makes it a compelling choice of leverage in developing countries increasing their installations and demand. Government initiatives to increase the attention on renewable sources which produce lesser carbon emissions also make it a popular choice improving its market growth.

Biomass heating as a concept has been encouraged and supported by the government promoting its demand and usage thereby instigating market growth. The carbon dioxide released from the burning is consumed by the plants which make it a more energy-efficient process. This is also triggering high demand for biomass boilers.

Food and beverage industry kind of relies upon biomass boilers thereby increasing its demand. The chemical industry and the need for electricity also drive market growth massively. There has also been increased consumption of biomass boilers in the waste management system where the leverage of these boilers is maximum. The increasing focus on sustainable products and energy-efficient tools also propel market growth to a larger extent.

Biomass Boiler Market: Restraints

Cost of installation of boilers and lack of user efficiency impedes the market growth

 The cost of installation and the huge capital investment needed for biomass boilers impedes the growth of the global biomass boiler market. The ash deposition and the lack of user efficiency of biomass also act as restraints for market growth. Biomass boilers are huge in size and need ample space for installations. Apart from this they also require regular maintenance for their effective functioning. All these above factors hamper its market growth to some extent.

Biomass Boiler Market: Opportunities

Increase in leverage of natural gases provides opportunities for market expansion

The increase in focus on leveraging natural gases provides excellent opportunities for the market growth of biomass boilers. The overall rise of rapid urbanization and industrialization could also provide opportunities for market expansion as they are used widely by industrial sectors.

Biomass Boiler Market: Challenges

Frequent maintenance required for the effectiveness of boilers poses a challenge for market growth

The biomass boilers are huge pieces of equipment that need constant care and maintenance for them to function effectively and easily. The emissions and the steam that is generated might corrode the internal parts of the boilers with repeated usage. They need to be distilled and taken care of on a regular basis which poses a challenge for its market growth considerably.

Huge space for installations poses a challenge for the market

As boilers occupy large spaces, they need big areas for installations. The rampant leverage of these boilers and the efficiency of the tool are dependent on the availability of spacious landscapes. Hence, the difficulty in finding spacious areas for installations poses a challenge for market expansion and growth.

Biomass Boiler Market: Report Scope    

Biomass Boiler Market: Segmentation

The global biomass boiler market in this research analysis is divided into feedstock type, product type, end-user, and region.

Feedstock type is classified into woody biogas, agriculture & forest residues, biogas & energy crops, and urban residues.

Based on the product type, the market is bifurcated into stoker boilers, bubbling fluidized bed boilers, and circulating fluidized bed boilers.

On the basis of application, the market is bifurcated into industrial, commercial, and residential.

Recent Development:

• In December 2020, Doosan Lenties provided its CFD boiler technology at a new power plant.

Biomass Boiler Market: Regional Landscape

Europe dominates as the largest revenue-sharer of the global biomass boiler market. This is because of the increasing inclination of the region towards non-conventional energy. There is also a growing trend of swift industrialization which skews the demand toward industrial boilers. Government initiatives in this region regarding the harmful emissions to the environment drive market growth further.

Asia-Pacific region trails as the second largest market of biomass boilers owing to increasing focus on biodegradable and environment-friendly products. The rapid urbanization, growing industrialization, and heavy adoption of green energy propel market growth.

Biomass Boiler Market: Competitive Landscape

The key players in the global biomass boiler market are;

• Advanced Recycling Equipment, Inc.
• Alstom SA
• Baxi Group
• Ecovision Systems Ltd.
• Energy Innovations (UK) Ltd
• ETA Heiztechnik GmbH
• Foster Wheeler AG
• Garioni Naval SpA
• Hurst Boiler & Welding Co, Inc.
• JernforsenEnergi System AB
• JustsenEnergiteknik A/S
• Kohlbach Group
• LAMBION Energy Solutions GmbH
• Leroux&Lotz Technologies
• Lin-KaMaskinfabrik A/S
• Mawera
• Nexterra
• Polytechnik GmbH
• RENTECH Boiler Systems, Inc.
• Schmid Energy
• The Babcock & Wilcox Company
• Thermax Ltd
• VAS Energy Systems International GmbH
• Wellons, Inc.
• Wood Energy
• and Zhengzhou Boiler Co., Ltd. 

Global biomass boiler market segmentation follows:

By Feedstock Type

• Woody Biogas
• Agriculture & Forest Residues
• Biogas & Energy Crops
• Urban Residues

By Product Type

• Stoker Boilers
• Bubbling Fluidized Bed
• Circulating Fluidized Bed

By End-Users

• Residential
• Commercial
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa