Biomass Boiler Market by Feedstock (Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, Urban Residues, Others (including Landfill Gas) by Application (Heating, Power Generation) by End-user (Residential, Commercial, Industrial): Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Biomass Boiler Market Analysis

Biomass is all types of materials used as fuel sourced from living plants or animal matter. These materials could be wood logs, pellets, energy crops, or other wastes from forests and farms. Biomass boilers are heating appliances that use these biomass fuel sources to generate heat. They have similar properties to oil or gas boilers and have the same or even more advanced controls in them. Biomass boilers are extensively used in biorefineries, hotels, households, farms, and many other places. Residential, Commercial and Industrial are major end-user segments of biomass boilers, while Heating and Power Generation are major applications.

biomass-boiler-market

Global biomass boiler market is a rapidly growing industry across the world. The cumulative growth opportunity presented by the global biomass boiler industry will be around USD 73 billion between 2021 and 2027. The revenue generated by the global biomass boiler market in 2020 alone was over 5 billion and likely to post CAGR of over 14% during the forecast period.

Interesting Facts about Biomass Boiler Industry

  • Average cost biomass boiler installation is around USD 12,500
  • Wood pellets, wood chips and logs are primarily used sources of fuel for biomass boilers
  • Average working life of a biomass boiler is around 20 years
  • Power generation or heat generation cost using biomass boiler is relatively high
  • Biomass boilers are not completely clean source of power generation
  • Europe is leading biomass power generation with over 40% share in 2020

Economic Uncertainly Owing to COVUID 19

The biomass boiler market experienced significant disruptions due to the various government lockdowns and the closures of many different manufacturing plants worldwide. The pandemic also impacted it as consumer demand faltered due to the drop in incomes of the general public as they tried to eliminate unimportant expenses throughout the pandemic. However, the impact of Covid-19 on this industry is expected to slow down as governing authorities globally are beginning to lift lockdowns and reduce precautionary measures.

Stringent Government Regulations and Rising Environmental Concerns

The most significant driving factor of the biomass boiler market is the growing environmental concerns by governments and the general public. Because biomass is renewable and sustainable and low in carbon, biomass boilers provide a variety of economic and ecological benefits. Because of the renewable nature of biomass, more biomass boilers are being installed in both developed and developing countries. Several governments across the globe are releasing new policies that are aimed to increase the use of renewables in all industries to regulate carbon emission levels which will also grow the biomass boiler industry.

In addition, biomass usage for the production or generation of power is increasing. Increased power generation increases demand for biomass fuel, which is predicted to result in a significant rise in this market's size during the forecasted period of time.

Another expected driving force for this industry is going to be the rise in the enforcement of regulations and standards by governments on the industry. Some governments are also providing tax benefits or subsidies in order to make people and manufacturers switch over to using biomass sources which will propel the market further.  

Low Efficiency and High Initial Investment

One of the biggest challenges the biomass boiler industry will face over the forecasted period is the low overall efficiency of biomass boilers. There is a growing concern over the rising pollution and the adding up of ash deposits due to the use of biomass boilers. Key feedstocks used for biomass boilers include, Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, Urban Residues and Others (including Landfill Gas).  

Other restraints on this market are the high initial costs of biomass boilers compared to conventional oil or gas boilers. Biomass boilers are also much harder to maintain and require regular ash collection and clean-up. Also, the size of a biomass boiler is considerable compared to conventional ones. The space needed to store biomass fuel is also much larger, which is expected to hinder the biomass boiler market's growth.    

Europe is Leading Market for Biomass Power Generation and Heating

Favourable government policies coupled with strong environmental regulations are turning out to be major factors fuelling the growth of biomass boilers in Europe. Germany, France and UK are leading growth of biomass boilers in the region. Whereas, U.S. is playing important role in North America biomass boilers market. Asia Pacific on the other hand is poised to take pivotal position in global biomass boilers market.

Alstom, Dongfang Electric, ETA Heiztechnik GmbH, General Electric Company, Doosan Heavy Industries & Construction, Aara Energy Innovations Ltd, Amec Foster Wheeler, Ecovision Systems Ltd, Hurst Boiler & Welding Co, Inc., and Mitsubishi Hitachi Power Systems are some of the payers in global biomass boilers market.

Frequently asked questions about global Biomass Boiler industry

Likewise other industries, COVID 19 also taken a toll on Biomass Boiler market with around 11.27% decline in 2020 in its revenue as compare to 2019

Europe is the largest regional market with highest share in the total revenue generated by the global Biomass Boiler market in 2020

Increasing environmental concerns coupled with favourable government policies

Woody Biomass fuelled Biomass Boiler segment dominated the Biomass Boiler market in 2020

Industrial end-users dominated revenue generation of Biomass Boiler in 2020

Biomass Boiler Report Scope

Report Attribute Details
Market Value in 2020 USD 5,057.66 million
Market Value in 2027 USD 14,531.02 million
CAGR 14.13% between 2021 and 2027
Benchmarking Year 2020
Past data 2016 – 2019
Forecast period 2021 – 2027
Report coverage Market Size Valuation, Share Analysis and Growth Rate by Segments such as Application and Feedstock, Company Share, Competitive Landscape and Trends Analysis
Segments covered

Feedstock

Woody Biomass

Agriculture & Forest Residues

Biogas & Energy Crops

Urban Residues

Others (including Landfill Gas)

Feedstock

Heating

Power Generation

End-user

Residential

Commercial

Industrial

Regional scope North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
Major Players Analysed Amec Foster Wheeler, Dongfang Electric, Doosan Heavy Industries & Construction, ETA Heiztechnik GmbH, General Electric Company, Ecovision Systems Ltd, Aara Energy Innovations Ltd, Alstom, Hurst Boiler & Welding Co, Inc., and Mitsubishi Hitachi Power Sytems
Cost of the Report Write us at [email protected]
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Published Date:  Dec 2021
Category:  Pharmaceuticals
Report ID:   60469
Report Format:   PDF
Pages:   142
Rating:    4.5 (16)
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