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Biomass Boiler Market Size
- Report ID: GMI5960
- Published Date: Jun 2024
- Report Format: PDF
Biomass Boiler Market Size
Biomass Boiler Market size in 2023 was valued at USD 12.1 billion and is set to grow at a CAGR of 9.2% up to 2032. Governments and regulatory bodies are introducing supportive policies and incentives to encourage the adoption of renewable energy creating a promising business opportunity. For instance, according to the U.S. Department of Energy, in 2023, the average household was responsible for over 16,000 pounds of CO2 emissions.
A biomass boiler is an eco-friendly heating system that uses organic materials including agricultural waste, wood pellets, and similar substances to produce heat. These boilers operate by burning biomass in a combustion chamber transferring the generated heat to water which can then be used for space heating, hot water and industrial processes. Biomass boilers are considered a sustainable and renewable energy source since they utilize plant-based materials that can be replenished over time.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Biomass Boiler Market Size in 2023: | USD 12.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9.2% |
| 2032 Value Projection: | USD 27.4 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 52 |
| Segments covered: | Feedstock, Product, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Biomass Boiler Market Scope
