Biomass Boiler Market Size - By Feedstock, By Product, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Biomass Boiler Market Size

The global biomass boiler market was valued at USD 3.6 billion in 2024. The market is expected to reach USD 8.7 billion in 2034, at a CAGR of 9%. The increasing focus on clean energy and sustainability is likely to enhance the demand for the biomass boiler industry across the world.
 

Policy makers and governmental bodies are formulating new policies with associated benefits to promote the use of renewable energy, thus offering lucrative business prospects. Supportive measures including feed-in tariffs, renewable energy targets, tax credits, and grants will fuel the widespread installation of these boilers.
 

In 2023, the Government of Canada introduced the Canada Green Buildings Strategy (CGBS), presenting a forward-thinking vision to enhance energy efficiency across the nation's building sector. This strategic initiative is designed to lower energy costs for Canadians while driving job creation and economic opportunities nationwide. The strategy highlights commitment towards climate action and the growth of the green building sector by focusing on advanced energy conserving technologies and construction techniques.
 

The increasing emphasis on achieving decarbonization targets and efficient energy use, along with improvements in technology, has enhanced the effectiveness, dependability, and adaptability of these boilers which supports their use in the residential, commercial, and industrial sectors.
 

The growing increase of fossil fuel prices together with the stern pressure on businesses to comply with environmental policies are incentivizing the use of biomass technologies. These boilers are highly efficient and provide industries and residences with a greener solution for heating than the conventional equipment.
 

For citation, in 2025, the introduction of clean energy policies at the federal level came with a monumental USD 235 billion investment which has already accelerated growth in the manufacturing sector and helped transition to sustainable industrial practices. These policies are accelerating the adoption of private funding, improving the country’s energy infrastructure, and driving developments in clean technological innovation. In addition, this initiative will augment the creation of new business ventures adapting industries for future productivity in a decarbonized industrial framework for sustained competitive advantage.
 

Biomass Boiler Market Trends

The continuing emphasis on decarbonization and the rigorous government policies directed at curbing emissions of greenhouse gases will greatly improve the business scenario. Heightened customer consciousness regarding energy-efficient and economical heating systems will further fuel growth in the industry.
 

Sustainable solutions and ongoing investments in renewable energy infrastructure will shape business dynamics, creating more opportunities. These trends, in addition to proactive initiatives from the public and the private sectors encouraging the use of clean energy technologies, will continue to meet the growing demand for clean energy and support the industry growth.
 

For citation, in 2025, the U.S. Department of Agriculture (USDA) has proposed a new investment of USD 6 billion in order to further the growth of clean energy across rural America. It will be implemented using the Empowering Rural America (New ERA) and Powering Affordable Clean Energy (PACE) programs. This initiative paves the way in improving energy costs, fortifying rural infrastructure, and greatly propelling the shift towards achieving a more robust and eco-friendly energy system.
 

The integration of digital and automation technologies into biomass boilers will provide enhanced control, predictive maintenance, and optimized energy consumption, thereby increasing their appeal to users. Moreover, increasing consumer concern regarding the environmental consequences of energy consumption will augment the growth of the industry.
 

Strategic investments in renewable energy infrastructure and biomass heating technologies will augment the business landscape. Additionally, the abundant availability of biomass feedstock will further enhance the long-term operational efficiency and support sustainability goals. These developments are poised to create new growth opportunities, foster innovation, and solidify the transition to a greener, more resilient energy future.
 

In 2024, the Government of Canada has proclaimed a strategic investment of USD 6.6 million to stimulate innovation in the industrial bioeconomy and mitigate greenhouse gas emissions. This initiative, funded through the Agri Science Program under the Sustainable Canadian Agricultural Partnership, assists Bio Industrial Innovation Canada (BIC) in advancing bioenergy, biofuels, and biomaterials. This investment also strengthens the country’s industrial sector and boosts the nation's machinery by aiding infrastructural change to a low-cost carbon economy with the assistance of agriculture residue high-value bioproducts, enhanced biomass production, and cultivating sustainable technologies.
 

Biomass Boiler Market Analysis

• The biomass boiler market was estimated at USD 2.8, 3.2 & 3.6 billion in 2022, 2023 and 2024 respectively. Based on feedstock, the industry is segmented into woody biomass agricultural waste, industrial waste and urban residue. The local availability of biomass resources minimizes dependence on external fuel sources and lowers transportation costs, increasing cost-effectiveness and sustainability.
   
• The woody biomass boiler market is expected to grow at a CAGR of over 8.5% by 2034. The proactive implementation of policies and incentives supporting biomass will further enhance growth opportunities. Focus on curtailing the dependence on fossil fuels, with the readily available woody biomass, will continue to grow.
   
• The agricultural waste biomass boiler market is projected to reach over USD 800 million by 2034. The use of modern technology, such as highly efficient combustion systems and automated fuel handling, is improving boiler functionality while simultaneously minimizing their complexity.
   
• For instance, the U.S. Department of Energy has announced an investment of USD 23.4 million which aims to propel further advancements in carbon management solutions. These projects carried out by universities and businesses were instrumental in further developing carbon capture initiatives. This investment, aimed at curbing emissions from industrial plants and power facilities, was in synch with the country's climate policy and sped up the shift towards greener energy alternatives.
   
• The industrial waste biomass boiler market is expected to grow at a CAGR of over 8.5% by 2034. Inventions in combustion technology, as well as in advanced emissions control systems, have remarkably enhanced the biomass boiler's efficiency and compliance with environmental regulations.
   
• The urban residue biomass boiler has a market share of over 10% in 2024. Implementation of supportive policies and financial incentives to promote the adoption of renewable heating technologies across the commercial facilities will accelerate the business dynamics.
   
• In 2024, the Government of Canada committed USD 12.5 million to six cutting-edge clean technology projects in British Columbia, advancing efforts to reduce industrial emissions. As part of the Energy Innovation Program, this investment focuses on carbon capture, utilization, and storage, as well as clean fuels and industrial fuel-switching initiatives. These projects foster clean energy innovation during the transformation to a lower-carbon economy and accelerate the shift toward a net-zero economy within Canada’s clean energy sector.
   

• Based on product, the industry is segmented into stocker and fluidized bed. The stocker biomass boiler market was valued at over USD 1 billion in 2024. The rapidly increasing transition from fossil fuels to renewable energy from biomass which can be integrated using pre-existing structures is going to change the entire industry paradigm.
   
• The fluidized bed biomass boiler market holds a share of 67.9% in 2024. The increasing use of biomass boilers along with their integration with combined heat and power (CHP) plants for simultaneous electricity and heat generation is creating new development opportunities and improving energy efficiency and utilization.
   
• For illustration, the UK's most recent legislation on zoning areas for district heating networks is anchored in the Energy Security Bill, aimed at fostering the development of such projects in 2024. As cited by the Climate Change Committee, the use of heat networks is estimated to fulfill almost 18% of the country’s energy requirements by 2050, thus aiding in the maturing of energy systems and sustainability construction infrastructures.
   

• U.S. biomass boiler market was valued at USD 1, 1.1 & 1.2 billion in 2022, 2023 and 2024 respectively. The rising demand for energy-efficient and cost-effective alternatives to fossil fuels will propel the business expansion, particularly in sectors including manufacturing, agriculture, and district heating.
   
• North America biomass boiler market will witness at a CAGR of over 7.5% in 2034. The heightened focus on advancing biomass fueled CHP system integration as well as employing carbon reduction tactics will enhance the marketing and use of these boilers.
   
• For reference, in 2025, the Government of Canada alongside the province of Manitoba announced a strategic investment directed towards assisting homeowners in the adoption of energy-efficient heating solutions. The federal government is contributing approximately USD 7.9 million, and the Manitoba government is adding another USD 2.6 million. This funding is intended to help low- to median-income households access high-efficiency heating equipment which reduces energy costs, enhances home comfort, and assists in climate action efforts throughout the province.
   
• The Europe biomass boiler market was valued over USD 700 million in 2024. Increasing attention towards lowering greenhouse gas emissions as well as continuous funding directed towards sustainable heating technologies will drive the industry landscape. These systems are becoming more popular in the household, business, and industrial sectors due to their affordability, energy conservation, and ecological advantages.
   
• For illustration, in 2025, The Clean Industrial Deal was launched by the European Commission as an effort to improve industrial competitiveness simultaneously with decarbonization. This initiative seeks to construct a sustainable, low carbon industrial sector, fortifying Europe’s clean manufacturing and innovation leadership by using clean technology and regulatory support.
   
• The Asia Pacific biomass boiler market is set to reach USD 4 billion by 2034. The increasing use of agricultural remains and organic waste as biomass fuels harnesses plentiful renewable resources and provides a value-rich solution for end users.
   
• For citation, in 2024, Australia developed an industrial policy to utilize the country’s resources towards a cleaner energy future. This further California-ocular approach to industrial development articulates are proactive California policy as well as Australia’s attempt at global strategic economic intervention. The policy underscores sustainable development and innovation, positioning Australia to become a leader in clean energy manufacturing and industrial conversion.
   
• The Middle East & Africa biomass boiler market will grow on account of increased focus on achieving energy conservation objectives to minimize fossil fuel dependency, the movement towards industrial decarbonization, and self-contained energy systems.
   
• For citation, in 2024, the UAE plans to allocate an investment of USD 54.45 billion over the next 6 years in sustainable energy to meet growing demand and to accelerate the net-zero emission target by 2050. The investment plans which were unveiled recently by the Minister of Energy and Infrastructure mark significant steps towards foster cleaner energy adoption and decarbonizing the economy.
   
• The Latin America biomass boiler industry will be fueled by government policies fostering clean energy alongside the rising need for heating solutions with high energy efficiency in agro-industrial processing.
   
• For illustration, Brazil proclaimed the National Energy Transition Policy which promises green investments amounting to USD 400 billion in the next decade. The goal of the initiative is to increase the use of clean energy in the country, sustain industrial growth in a green manner, enhance the country’s reputation as a leading renewable energy superpower, and fulfill multiple government goals and objectives. Along with these, Brazil is looking to facilitate innovation to provide solutions aimed at improving environmental conditions.
   

Biomass Boiler Market Share

• The top 5 players, including ANDRITZ Group, Viessmann, Babcock & Wilcox, Thermax and Hurst Boiler & Welding together hold a share of about 42% in the biomass boiler industry. Thermax’s focus on improving technologies is what sets them apart in the market and helps them compete Thermax effectively formulates strategies to adopt newer solutions which helps them in broadening their services according to the demand from various industries within the region.
   
• Sugimat released Horizon+, a revolutionary rotary water tube biomass boiler with a self-cleaning patented technology designed for fouling and deposit build up prevention. Enhanced efficiency comes from the rotating boiler design and aggregate injection system for efficient ash removal. Moreover, it is specially developed for high unburnable content fuels, providing stable performance, lower self-consumption, and greater flexibility in installation.
   
• WoodCo has recently unveiled Tri-Star Cooker which is a wood pellet boiler designed specifically for Irish homes. With 60-liter pellet storage and heating drawer, large oven and hot plate, it combines a traditional solid fuel cooker design with contemporary digital features. This innovation solves the problem of heating efficiency and cost, allowing homeowners to enjoy aesthetic appeal without compromising practicality.
   

Biomass Boiler Market Companies

Major players operating in the biomass boiler industry are:

• ANDRITZ Group
• ARITERM
• Babcock & Wilcox Enterprises
• Binder Energietechnik
• Cheema Boiler
• DP Cleantech
• Forbes Marshall
• Froling Heizkessel- Und Behalterbau
• Guntamatic Heiztechnik
• Hargassner GesmbH
• Hoval
• Hurst Boiler & Welding
• John Cockerill
• John Wood Group
• KwB Energiesysteme
• Maxtherm Boilers
• OkoFEN Forschungs- und Entwicklungs
• Prime Thermals
• Schmid Energy Solutions
• Sofinter
• Sugimat
• Transparent Energy Systems
• Thermax
• Thermodyne Boiler
• Treco
• VIESSMANN
• Walchandnagar Industries
• Windhager
• Woodco
• Zhengzhou Boiler (Group)
   
• ANDRITZ recorded a revenue of USD 9.02 billion in 2024, the service revenue rose to 41% of total revenue, up from 38% in 2023. Improved operational efficiency boosted the comparable EBITA margin to 8.9%, while the overall EBITA margin remained steady at 8.6%.
   
• Thermax recorded revenue exceeding USD 870 million in the first three quarters of 2024, demonstrating solid financial growth. The industrial products segment accounted for over USD 350 million during this period, underscoring the company’s expanding market footprint and strong business momentum.
   
• Babcock & Wilcox Enterprises generated USD 651.1 million in revenue over the first nine months of 2024, reflecting consistent business expansion. Operating across its Renewable, Environmental, and Thermal segments, the company’s Thermal division contributed USD 350.3 million, reinforcing its leadership in industrial heating solutions.
   

Biomass Boiler Industry News

• In February 2025, ANDRITZ purchased LDX Solutions, a leading emission reduction technology company in North America. This acquisition furthers ANDRITZ’s environmental portfolio and market presence. LDX Solutions improves clean air systems with state-of-the-art WESP and RTO technologies. It fosters regional service expansion with more than 2,000 systems installed.
   
• In April 2024, Babcock & Wilcox Renewable Service obtained a contract surpassing USD 7 million to upgrade three biomass fueled boilers in a Southeast Asian waste-to-energy plant. The work, stemming from a prior FEED study, will enhance modernized pressure parts, water-cooled wear sections, and air upgrade systems, as well as steam production, efficiency, and emissions. Due to the increasing need for biomass energy solutions, B&W’s skills foster the enduring sustainability and effectiveness of renewable power plants.
   
• In August 2023, Forbes Marshall attended the Boiler World Africa 2023 conference and exhibition which was visited by over a thousand people throughout Africa. These participants from paper, sugar, edible oil, pharmaceuticals, metals and tea industries looked for answers at the booth for new projects aimed at revitalizing existing plants. Marshall Forbes displayed its steam system designs which illustrate its innovation and commitment to solving problems in the industry.
   
• In July 2023, Sugimat disclosed intentions to deliver Casa Alta, a biomass steam boiler and hot gas generator. The system which uses olive cake biomass, is a testament to Sugimat’s devotion to ecological sustainability. The steam boiler, sturdily designed in water-tube construction, achieves the best possible combustion of the complicated olive cake fuel during the oil extraction process. It is performed by the hot gas chamber which aids carbon neutral efforts in the whole value chain.
   

The biomass boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Feedstock

• Woody biomass
• Agricultural waste
• Industrial waste
• Urban residue
• Others

Market, By Product

• Stocker
• Fluidized bed

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil