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GLOBAL INDUSTRIAL BIOMASS BOILER MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Industrial Biomass Boiler Market by Feedstock (Woody Biomass, Agriculture Biomass, Urban Residue) Market by Capacity (2-10 MW, 10-25 MW, 25-50 MW) Market by Application (Pulp & Paper, Brewery, Sawmill, CHP Production, Power Generation, Other Applications) by Geography


MARKET OVERVIEW

In terms of revenue, the global industrial biomass boiler market was valued at $xx million in 2023, and is expected to reach $xx million by 2032, growing at an 11.58% CAGR during the forecast period, 2023-2032

The constant power demand has resulted in biomass boilers becoming an essential part of industries. Biomass heating systems use biomass to generate heat. Biomass boilers produce steam by heating various renewable fuels, including wood, wood chips, wood pellets, agricultural waste, industrial waste, etc. The growing use of biomass, such as manure, to generate electricity and biomass fuel is expected to drive the global industrial biomass boiler market. 

In response to rising carbon emissions and global warming concerns, the United States, China, and European countries have implemented policies such as FDI and capital subsidies for developing and installing biomass boilers. Increased government and private investment in biomass boiler development projects, rapid population growth, and rising demand for sustainable energy are all expected to drive demand for biomass boilers.

Read our latest blog on the Industrial Biomass Boiler Market

GROWTH ENABLERS

Key growth enablers for the global industrial biomass boiler market are:

  • Support from government regulations
  • Cost-efficiency and environment friendly
    • Biomass is a renewable energy source because it can be produced fast by replacing or growing new plants or trees.
    • It is also regarded as a carbon-neutral source of energy. Replacing a coal or electric heating system with a biomass boiler can reduce the carbon footprint by up to 9.5 tons per year.
    • Traditional fuel prices, such as oil and gas, are steadily rising. Biomass has much more stable prices comparable to gas prices but significantly lower than those for electric heating and solid fuel.
  • Improvements in technology

GROWTH RESTRAINTS

Key growth restraining factors are:

  • High installation costs
    • One of the most significant disadvantages of biomass boilers is that the initial investment is higher than that of traditional gas or oil boilers. The cost of a biomass boiler ranges between $4,930 and $9870.
  • Tedious to handle than traditional boilers
  • Requires efficient management systems
    • The industrial biomass boiler system must react quickly, and precise control of the system on fuel input in the combustion chamber is required to ensure emission compliance.
    • When compared to traditional systems, industrial biomass boilers require more floor space due to the need for additional fuel handling systems, making ‘effective control’ plans essential.

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KEY MARKET TRENDS

Global Industrial Biomass Boiler Market | Top Trends

  • Growing awareness of CO2 emissions and using sustainable fuel alternatives will create possible growth opportunities for producers of industrial biomass boilers.
  • IRENA (International Renewable Energy Agency) has developed REamp 2030 (Global Renewable Energy Roadmap) to achieve a twofold increase in the share of renewable energy sources in the overall energy industry by 2030.

MARKET SEGMENTATION

Market Segmentation – Feedstock, Capacity, and Applications – 

Market by Feedstock: 

  • Woody Biomass
    • During the forecasted period, the woody biomass segment is expected to have the largest share of this segment.
    • Woody biomass is in high demand because it is readily available and inexpensive
    • The majority of woody biomass used to generate energy is a byproduct or residue of forestry operations and the forest industry. Using byproducts and residues for energy has been shown to have short-term climate change mitigation benefits.
    • Agriculture Biomass
  • Urban Residue

Market by Capacity:

    • 2-10 MW
    • 10-25 MW
  • 25-50 MW

Market by Application:

  • Pulp & Paper
    • Paper Rolls must be internally heated with steam to be used in paper processing. For uniformity and high-quality goods, it is crucial to maintain a consistent temperature across the surface of the rolls. This necessitates the use of biomass boilers in this industry.
    • Modern methods for biomass energy conversion have been adapted and incorporated by the pulp and paper sector. Compared to typical operations that burn fossil fuels, industrial adoption of these new technologies can increase efficiency, reduce capital costs, and improve operational safety.
  • Brewery
  • Sawmill
  • CHP Production
  • Power Generation
  • Other Applications

GEOGRAPHICAL STUDY

Geographical Study Based on Four Major Regions:
  • North America: The United States and Canada
  • Europe: The United Kingdom, France, Germany, Spain, Italy, and Rest of Europe
    • The United Kingdom government has launched the Boiler Upgrade Scheme (BUS) to assist homeowners in upgrading their heating system to a biomass boiler or heat pump. If someone decides to install a biomass boiler, they may be eligible for a £5,000 grant towards the total cost. The BUS will be operational until 2025.
  • Asia-Pacific: China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
    • The deadly haze that covers the capital of India each winter as airborne particles from agricultural stubble bonfires and car emissions hang in the atmosphere. As a result of the capital’s restriction on coal use in its fight against pollution, Indian industry has turned to biomass.
    • India’s National Green Hydrogen Mission is a significant mission that aims to facilitate Green hydrogen production, storage, distribution, and technologies. The Union Cabinet has formally approved this mission for $437 million.
  • Rest of World: Latin America, the Middle East and Africa

MAJOR PLAYERS

The major players in the global industrial biomass boiler market are:

  • Aalborg Energie Technik A/S
  • AFS Energy Systems
  • Alstom SA 
  • Andritz AG
  • Babcock Power Inc
  • Clyde Bergemann Power Group Inc 
  • Constructions Industrielles de la
  • Ecovision Systems Ltd

Key strategies adopted by some of these companies:

  • January 2023: Valmet will provide boiler conversions and emission reduction solutions to Veolia Group’s Hungarian subsidiary CHP-Invest Kft at its Oroszlány power plant. The order calls for converting two coal-fired boilers to steaming fluid bed combustion, allowing them to run primarily on biomass fuel.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedFeedstock, Capacity, and Application
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAalborg Energie Technik A/S, AFS Energy Systems, Alstom SA,  Andritz AG, Babcock Power Inc, Clyde Bergemann Power Group Inc, Constructions Industrielles de la, Ecovision Systems Ltd, English Boiler and Tube Inc (Acquired by Superior Boiler), ESI Scotland, ETA Heiztechnik GmbH, FSE Energy Inc, Hurst Boiler and Welding Inc, Outotec Oyj

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SUPPORT FROM GOVERNMENT REGULATIONS
      2. COST-EFFICIENCY & ENVIRONMENT FRIENDLY
      3. IMPROVEMENTS IN TECHNOLOGY
    2. KEY RESTRAINTS
      1. HIGH INSTALLATION COSTS
      2. TEDIOUS TO HANDLE THAN TRADITIONAL BOILERS
      3. REQUIRES EFFICIENT MANAGEMENT SYSTEMS
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON INDUSTRIAL BIOMASS BOILER MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY FEEDSTOCK
    1. WOODY BIOMASS
    2. AGRICULTURE BIOMASS
    3. URBAN RESIDUE
  6. MARKET BY CAPACITY
    1. 2-10 MW
    2. 10-25 MW
    3. 25-50 MW
  7. MARKET BY APPLICATION
    1. PULP & PAPER
    2. BREWERY
    3. SAWMILL
    4. CHP PRODUCTION
    5. POWER GENERATION
    6. OTHER APPLICATIONS 
  8. GEOGRAPHICAL ANALYSIS 
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. SPAIN
        6. REST OF EUROPE
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. AUSTRALIA 
        6. REST OF ASIA-PACIFIC
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
        2. MIDDLE EAST & AFRICA
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AALBORG ENERGIE TECHNIK A/S
      2. AFS ENERGY SYSTEMS
      3. ALSTOM SA 
      4. ANDRITZ AG
      5. BABCOCK POWER INC
      6. CLYDE BERGEMANN POWER GROUP INC
      7. CONSTRUCTIONS INDUSTRIELLES DE LA
      8. ECOVISION SYSTEMS LTD
      9. ENGLISH BOILER AND TUBE INC (ACQUIRED BY SUPERIOR BOILER)
      10. ESI SCOTLAND
      11. ETA HEIZTECHNIK GMBH
      12. FSE ENERGY INC
      13. HURST BOILER AND WELDING CO INC
      14. OUTOTEC OYJ

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – INDUSTRIAL BIOMASS BOILER

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY FEEDSTOCK, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: GLOBAL WOODY BIOMASS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: GLOBAL WOODY BIOMASS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: GLOBAL AGRICULTURE BIOMASS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: GLOBAL AGRICULTURE BIOMASS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: GLOBAL URBAN RESIDUE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: GLOBAL URBAN RESIDUE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY CAPACITY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: GLOBAL 2-10 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 14: GLOBAL 2-10 MW MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 15: GLOBAL 10-25 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 16: GLOBAL 10-25 MW MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 17: GLOBAL 25-50 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 18: GLOBAL 25-50 MW MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 19: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 20: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 21: GLOBAL PULP & PAPER MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 22: GLOBAL PULP & PAPER MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 23: GLOBAL BREWERY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 24: GLOBAL BREWERY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 25: GLOBAL SAWMILL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 26: GLOBAL SAWMILL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 27: GLOBAL CHP PRODUCTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 28: GLOBAL CHP PRODUCTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 29: GLOBAL POWER GENERATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 30: GLOBAL POWER GENERATION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 31: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 32: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 33: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 34: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 35: NORTH AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 36: NORTH AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 37: LEADING PLAYERS OPERATING IN NORTH AMERICA INDUSTRIAL BIOMASS BOILER MARKET

TABLE 38: EUROPE INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: EUROPE INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: LEADING PLAYERS OPERATING IN EUROPE INDUSTRIAL BIOMASS BOILER MARKET

TABLE 41: ASIA-PACIFIC INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 42: ASIA-PACIFIC INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 43: LEADING PLAYERS OPERATING IN ASIA-PACIFIC INDUSTRIAL BIOMASS BOILER MARKET

TABLE 44: REST OF WORLD INDUSTRIAL BIOMASS BOILER MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: REST OF WORLD INDUSTRIAL BIOMASS BOILER MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 46: LEADING PLAYERS OPERATING IN REST OF WORLD INDUSTRIAL BIOMASS BOILER MARKET

TABLE 47: LIST OF MERGERS & ACQUISITIONS

TABLE 48: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 49: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 50: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2022

FIGURE 7: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY WOODY BIOMASS, 2023-2032 (IN $ MILLION)

FIGURE 8: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY AGRICULTURE BIOMASS, 2023-2032 (IN $ MILLION)

FIGURE 9: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY URBAN RESIDUE, 2023-2032 (IN $ MILLION)

FIGURE 10: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2022 

FIGURE 11: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY 2-10 MW, 2023-2032 (IN $ MILLION)

FIGURE 12: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY 10-25 MW, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY 25-50 MW, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022 

FIGURE 15: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY PULP & PAPER, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY BREWERY, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY SAWMILL, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY CHP PRODUCTION, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY POWER GENERATION, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL INDUSTRIAL BIOMASS BOILER MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 21: NORTH AMERICA INDUSTRIAL BIOMASS BOILER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 22: UNITED STATES INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: CANADA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: EUROPE INDUSTRIAL BIOMASS BOILER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 25: UNITED KINGDOM INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: GERMANY INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: FRANCE INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: ITALY INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: SPAIN INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: REST OF EUROPE INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC INDUSTRIAL BIOMASS BOILER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 32: CHINA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: JAPAN INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: INDIA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: SOUTH KOREA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: AUSTRALIA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: REST OF ASIA-PACIFIC INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: REST OF WORLD INDUSTRIAL BIOMASS BOILER MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 39: LATIN AMERICA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: MIDDLE EAST & AFRICA INDUSTRIAL BIOMASS BOILER MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

Increasing use of renewable energy resources and reduction of dependency on coal as a fuel, government regulations, and technological innovations are driving this market.

Pulp and paper, brewery, sawmill, CHP production, power generation, etc., are the leading applications in the global industrial biomass boiler market.

 High installation costs and efficient management systems are some major restraining factors of the global industrial biomass boiler market.