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Industrial Biomass Boiler Market by Type (Wooden Biomass, Agricultural Residue) by Application (Biorefineries, Pulp and paper, Sugar Mills, Rice Mills, Others)- Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Industrial Biomass Boiler Market Analysis

Biomass boilers are primarily used to generate heat and are also regarded as heating systems. These boilers are used in huge businesses or industries, such as fisheries, hotels, and chemicals. In addition, biomass boilers take up forest waste such as logs, branches, and woods and burn them to generate heat.

Since they’re highly effective in generating sufficient heat, biomass boilers are also used to reduce greenhouse gas emissions due to their lack of carbon. In addition, biomass boilers are used for generating biomass fuel and electricity. Since the latter two are witnessing an increase in demand, the demand for industrial biomass boilers is also expected to grow.

The Global Industrial Biomass Boiler market is expected to witness a CAGR of 9.13% during the forecast period. The revenue generated by the global Industrial Biomass Boiler market in 2021 was over USD 2,908.30 million and is expected to generate revenue worth USD 5,896.45 million in 2028. Therefore, the incremental growth opportunity offered by the global Industrial Biomass boilers is estimated to be USD 33.15 billion between 2022 and 2028.

industrial-biomass-boiler-market

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Interesting Facts about Industrial Biomass Boiler Industry

  • 146 billion metric tons of biomass are generated every year around the world
  • Europe is leading the growth of Industrial Biomass Boiler
  • Germany leading solid biomass generation
  • Industrial biomass boiler cost ranges from USD 17.5 K to USD 30 K
  • S. is a second leading market for biomass boilers

Increasing Environmental Concerns

Greenhouse gas emissions have been on the rise lately. This fact is quite alarming for the World Health Organization (WHO) and United Nations (UN). Since the increase in such emissions is endangering the planet, the UN has encouraged biomass boilers’ growth to reduce these emissions. In addition, waste management is also looked into since the world is moving to renewable energy sources.

The demand for sustainable products increases, causing industrial biomass boilers’ demand curve to shift to the right. As a result, the fitting curve represents a spike in demand, getting a green signal from giant corporations like WHO to use equipment like the biomass boiler to reduce emissions and generate renewable energy.

Increasing Governments Support 

The major driving factor increasing the biomass boiler market’s demand is the government’s efforts to reduce carbon energy and depend on fossil fuels. Another factor is the introduction of boiler standards, further helping this market grow. However, since the biomass boiler is used in other industries, such as the food industry, its market is growing because of food-industry-related factors.

People’s consumption of food items (processed or unprocessed) is helping food industries expand globally, which is, in turn, allowing the industrial biomass boiler market to rise. The more the food industry depends on industrial equipment such as biomass boilers, their demand will increase. However, that isn’t the only reason. The overall scope of industrialization worldwide has helped sell more industrial evaporators than one can imagine.

Every industry, chemical, pharmaceutical, or mineral, needs industrial biomass boilers to make their finished goods. Many of these products are supplied for other purposes and exported worldwide. The higher a country’s exports, the more revenue it will generate, putting more back into the economy. The trade balance will be in a surplus, which will help the economy even more. Since people in industries realize this, they’re doubling the use of industrial biomass boilers.

Wooden Biomass Boilers to Lead 

Wooden Biomass and Agricultural Residue are significant types of Industrial Biomass boilers based on fuel type. Wooden biomass is leading the demand for Industrial Biomass boilers due to the abundance of wooden biomass waste. Biorefineries, Pulp and Paper, Sugar Mills, Rice Mills, and Others are significant types of Industrial Biomass boilers. Pulp and paper segment dominating the industry for Industrial Biomass Boiler.

Environmental Concerns 

A major recurring drawback in the industrial biomass boiler market is entering toxic and dirty particles that result in the whole plant shutting down. This halts the production of other items for which biomass boilers are used. Hence, this also slows down the sale of more boilers.

This issue is causing many problems in the biomass boiler market. If people in charge take care of this problem, industrial biomass boilers will do quite well commercially, increasing their use and, therefore, the growth of the overall market. However, the Environmental Protection Agency is on top of this issue, and the growth of the biomass boiler market is expected to increase in the forecasted period.

Some of the key players operating the global Industrial Biomass Boiler include Andritz AG, Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., General Electric Co., Isgec Heavy Engineering Ltd., Thermax Ltd., Valmet Oyj, and Xizi United Holdings Ltd.

Frequently asked questions about global Industrial Biomass Boiler industry

Likewise other industries, COVID 19 also taken a toll on Industrial Biomass Boiler market with around 9.61% decline in its revenue in 2020 as compare to 2019

Europe is the largest regional market with highest share in the total volume of Industrial Biomass Boiler consumed in 2021

Increasing availability of biomass, concern related to waste management and government support are major factor driving the demand for Industrial Biomass Boiler

Wooden Biomass dominated the Industrial Biomass Boiler market in 2021 with over 55% share

Pulp and Paper and Sugar Mills was the largest application of Industrial Biomass Boiler in 2021 with over 40% share

Industrial Biomass Boiler Report Scope

Report Attribute Details
Market Value in 2021 USD 2,908.30 million
Market Value in 2028 USD 5,896.45 million
CAGR 9.13% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
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Published Date:  Feb 2022
Category:  Energy Utilities
Report ID:   60497
Report Format:   PDF
Pages:   135
Rating:    4.5 (43)
Delivery Time: 24 Hours to 48 Hours   
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