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Woody Biomass Boiler Market Trends

Report ID: GMI9606
Published Date: May 2024
Report Format: PDF

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Woody Biomass Boiler Market Trends

The industry is bolstered by supportive government policies and incentives aimed at reducing carbon emissions and promoting clean energy. Ongoing technological advancements in biomass conversion processes and the rising adoption of biomass for industrial applications will further contribute to the business expansion. Additionally, these systems are gaining traction in sectors including construction and manufacturing, where it is used to produce bio-based products and materials, which in turn will fuel the boiler market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of woody biomass boiler reached USD 5.6 billion in 2023 and is set to witness 9.1% during 2024 to 2032, led by the increasing demand for renewable energy sources.

Stocker woody biomass boiler industry size will exceed USD 3 billion by 2032, driven by the increasing applicability across industrial and commercial facilities.

Europe market is set to reach over USD 7.5 billion by 2032, led by the increasing inclination toward biomass co-firing.

ANDRITZ, ARITERM, Babcock & Wilcox Enterprises, DP CleanTech, Forbes Marshall, Hoval, Hurst Boiler & Welding Co., and John Cockerill among others.