Home > Energy & Power > Electrical Equipment > Boilers > Woody Biomass Boiler Market
Woody Biomass Boiler Market Size
- Report ID: GMI9606
- Published Date: May 2024
- Report Format: PDF
Woody Biomass Boiler Market Size
Woody Biomass Boiler Market size was valued at USD 5.6 billion in 2023 and is estimated to grow at a CAGR of 9.1% between 2024 and 2032. Increasing demand for renewable energy sources along with growing need for sustainable waste management solutions will positively impact the industry landscape. For instance, in 2023, the solar energy installation witnesses a growth of over 3.5% across the U.S.
A woody biomass boiler is a type of heating system that burns wood and other organic materials derived from trees to produce heat for residential, commercial and industrial use. The biomass can come in various forms, such as wood chips, pellets and logs. The biomass fuel is fed into the boiler's combustion chamber where it is burned. The combustion process releases heat energy. These systems are a sustainable and efficient way to generate heat using renewable wood-based fuels.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Woody Biomass Boiler Market Size in 2023: | USD 5.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9.1% |
| 2032 Value Projection: | USD 12.5 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Product, Application & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Woody Biomass Boiler Market Scope
