Home
»
Press Room
»
Biomass Boilers Market Size To Reach $11.70Bn By 2030

Biomass Boilers Market Size To Reach $11.70 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Biomass Boilers Market Growth & Trends

The global biomass boilers market size is anticipated to reach USD 11.70 billion by 2030, registering a CAGR of 8.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth, fueled by the global shift toward renewable energy and the urgent need to reduce carbon emissions. Biomass boilers provide a sustainable alternative to fossil fuel-based heating systems by utilizing organic materials such as wood, agricultural waste, and other biomass feedstocks, helping countries meet climate targets. Government incentives, subsidies, and tax rebates further promote the adoption of these energy-efficient technologies, while advancements in biomass boiler technology have made them more efficient, reliable, and cost-effective.

The rising cost of conventional energy sources like oil and natural gas is driving consumers toward affordable, locally sourced biomass options, offering long-term savings. Additionally, increasing awareness of environmental impacts and growing demand for energy-efficient buildings are contributing to the market's expansion, especially in regions rich in biomass resources. The market is moderately fragmented, with a combination of large players and smaller companies competing to offer innovative solutions across residential, commercial, and industrial sectors.

Regulatory bodies, such as the European Union and national authorities, are playing a crucial role in driving market growth by setting emissions standards and promoting renewable energy adoption. As governments enforce stricter regulations and incentives, the demand for biomass boilers is expected to increase, creating opportunities for manufacturers to invest in sustainable technologies. For instance, the government of the UK launched a biomass boiler scheme in April 2022 called ECO4. The scheme aims to promote energy efficiency and reduce carbon emissions by encouraging the replacement of old heating systems with greener alternatives, including biomass boilers. Under this initiative, eligible households can receive financial support to install biomass boilers, contributing to the transition towards sustainable heating solutions while also addressing fuel poverty.

key Request a free sample copy or view report summary: Biomass Boilers Market Report

Biomass Boilers Market Report Highlights

Based on fuel type, the pellet segment dominated the market in 2024. The growing focus on reducing carbon footprints and the need for low-emission heating alternatives are driving the adoption of pellet boilers, further contributing to their market growth
Based on end use, the residential segment led the market in 2024, driven by rising energy costs and increasing awareness of environmental sustainability. These boilers offer an eco-friendly, cost-effective alternative to traditional heating systems by utilizing renewable biomass materials
Based on application, the heating segment led the market in 2024 due to the increasing demand for sustainable and cost-effective heating solutions across residential, commercial, and industrial sectors. Biomass boilers provide an efficient alternative to traditional heating systems, reducing energy costs and carbon emissions
Based on capacity, the 10kW to 20kW segment dominated the market in 2024 due to its versatility and suitability for residential and small commercial applications. This capacity range offers a balance between energy efficiency, space requirements, and cost-effectiveness, making it a popular choice for consumers seeking sustainable heating solutions
Based on region, the market in Asia Pacific dominated the market in 2024. The Biomass Boilers market in the Asia Pacific region is poised for substantial growth, driven by several key developments across major countries. The region's rich mineral resources, combined with a strategic emphasis on sustainability and technological advancement, are shaping a dynamic mining landscape