The growing emphasis on decarbonization coupled with stringent government regulations aimed at reducing greenhouse gas emissions will enhance the business landscape. Increasing consumer awareness regarding energy-efficient and cost-effective heating technologies will drive industry growth. Additionally, the global shift toward clean energy sources supported by the introduction of favorable government policies and financial incentives will boost the boiler market.
Authors:
Ankit Gupta, Shubham Chaudhary
Frequently Asked Questions (FAQ) :
Global biomass boiler industry was valued at USD 12.1 billion in 2023 and is anticipated to register 9.2% CAGR between 2024 and 2032 due to the growing demand for renewable heating solutions along with favorable government policies and incentives toward sustainable waste management.
The woody segment in the market will accumulate USD 10 billion by 2032, due to feedstock availability, technological advancements, emission regulations, and adoption across multiple industries for optimized energy use.
Asia Pacific biomass boiler market size will surpass USD 7 billion by 2032 due to rising focus on biomass co-firing, renewable energy transition, and robust integrated biomass supply chains for ensuring reliable fuel supply.
