The Global Wood Pellets Biomass Boilers Market size is expected to reach $11.4 billion by 2030, rising at a market growth of 13.9% CAGR during the forecast period.
Environmental concerns and initiatives to reduce carbon emissions have contributed to a rise in the demand for renewable energy sources in North America. As a renewable energy solution, these boilers gained traction as a cleaner alternative to fossil fuels. Consequently, the North American region would acquire nearly 30% of the total market share by 2030.
Governments worldwide are under pressure to address climate change and reduce carbon emissions. Wood pellets are carbon-neutral because they release only the carbon dioxide the trees absorb during their growth, making them an attractive alternative to fossil fuels. In addition, governments enact policies and regulations to promote renewable energy adoption, such as renewable energy mandates, carbon pricing mechanisms, and subsidies for biomass heating systems. Hence, these aspects can increase demand in the market. Additionally, In comparison to fossil fuels like oil and natural gas, which are susceptible to market volatility caused by geopolitical events, supply-demand dynamics, and economic factors, wood pellets typically exhibit a higher degree of price stability. Moreover, businesses and homeowners reduce their exposure to the inherent volatility of fossil fuel sectors by switching to wood pellets. Therefore, these aspects can assist in the growth of the market.
However, the efficient distribution of wood pellets is essential for the widespread adoption of biomass boilers. However, in many regions, there is a lack of established distribution networks to supply pellets to residential, commercial, and industrial consumers. Moreover, rural regions often face more significant infrastructure development challenges than urban areas. Thus, these factors can hamper the growth of the market.
By Application Analysis
On the basis of application, the market is bifurcated into residential and commercial. In 2022, the commercial segment witnessed a 25% revenue share in the market. Strict environmental regulations have been enforced by governments and regulatory bodies across the globe to concurrently reduce greenhouse gas emissions and encourage the use of renewable energy sources.
By Type Analysis
Based on type, the market is segmented into fully automated biomass boiler, combined heat & power (CHP) biomass systems, semi-automated industrial biomass boilers, and others. In 2022, the combined heat and power (CHP) biomass systems segment garnered a 22% revenue share in the market. CHP biomass systems offer higher energy efficiency than conventional separate heat and power generation systems. By simultaneously generating heat and electricity from biomass fuel, these systems maximize the utilization of energy resources and minimize waste, leading to cost savings and environmental benefits.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Europe segment procured a 35% revenue share in the market in 2022. European nations have emerged as leaders in adopting renewable energy policies and pursuing sustainable energy transition objectives to mitigate greenhouse gas emissions. Policies such as the Renewable Energy Directive (RED) and the European Green Deal provided a supportive regulatory framework for deploying biomass boilers. Therefore, the segment will expand rapidly in the upcoming years.
List of Key Companies Profiled
- Andritz AG
- Woodco Renewable Energy Limited
- Carrier Global Corporation
- Babcock & Wilcox Enterprises, Inc.
- John Cockerill S.A.
- Hurst Boiler & Welding Co, Inc.
- thyssenkrupp AG
- Thermax Limited
- ETA Heiztechnik GmbH
Global Wood Pellets Biomass Boilers Market Report Segmentation
By Application
By Type
- Fully Automated Biomass Boiler
- Semi-automated Industrial Biomass Boilers
- Combined Heat and Power (CHP) Biomass Systems
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Wood Pellets Biomass Boilers Market, by Application
- 1.4.2Global Wood Pellets Biomass Boilers Market, by Type
- 1.4.3Global Wood Pellets Biomass Boilers Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Wood Pellets Biomass Boilers Market by Application
- 4.1Global Residential Market by Region
- 4.2Global Commercial Market by Region
Chapter 5.Global Wood Pellets Biomass Boilers Market by Type
- 5.1Global Fully Automated Biomass Boiler Market by Region
- 5.2Global Semi-automated Industrial Biomass Boilers Market by Region
- 5.3Global Combined Heat and Power (CHP) Biomass Systems Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Wood Pellets Biomass Boilers Market by Region
- 6.1North America Wood Pellets Biomass Boilers Market
- 6.1.1North America Wood Pellets Biomass Boilers Market by Application
- 6.1.1.1North America Residential Market by Country
- 6.1.1.2North America Commercial Market by Country
- 6.1.2North America Wood Pellets Biomass Boilers Market by Type
- 6.1.2.1North America Fully Automated Biomass Boiler Market by Country
- 6.1.2.2North America Semi-automated Industrial Biomass Boilers Market by Country
- 6.1.2.3North America Combined Heat and Power (CHP) Biomass Systems Market by Country
- 6.1.2.4North America Others Market by Country
- 6.1.3North America Wood Pellets Biomass Boilers Market by Country
- 6.1.3.1US Wood Pellets Biomass Boilers Market
- 6.1.3.1.1US Wood Pellets Biomass Boilers Market by Application
- 6.1.3.1.2US Wood Pellets Biomass Boilers Market by Type
- 6.1.3.2Canada Wood Pellets Biomass Boilers Market
- 6.1.3.2.1Canada Wood Pellets Biomass Boilers Market by Application
- 6.1.3.2.2Canada Wood Pellets Biomass Boilers Market by Type
- 6.1.3.3Mexico Wood Pellets Biomass Boilers Market
- 6.1.3.3.1Mexico Wood Pellets Biomass Boilers Market by Application
- 6.1.3.3.2Mexico Wood Pellets Biomass Boilers Market by Type
- 6.1.3.4Rest of North America Wood Pellets Biomass Boilers Market
- 6.1.3.4.1Rest of North America Wood Pellets Biomass Boilers Market by Application
- 6.1.3.4.2Rest of North America Wood Pellets Biomass Boilers Market by Type
- 6.2Europe Wood Pellets Biomass Boilers Market
- 6.2.1Europe Wood Pellets Biomass Boilers Market by Application
- 6.2.1.1Europe Residential Market by Country
- 6.2.1.2Europe Commercial Market by Country
- 6.2.2Europe Wood Pellets Biomass Boilers Market by Type
- 6.2.2.1Europe Fully Automated Biomass Boiler Market by Country
- 6.2.2.2Europe Semi-automated Industrial Biomass Boilers Market by Country
- 6.2.2.3Europe Combined Heat and Power (CHP) Biomass Systems Market by Country
- 6.2.2.4Europe Others Market by Country
- 6.2.3Europe Wood Pellets Biomass Boilers Market by Country
- 6.2.3.1Germany Wood Pellets Biomass Boilers Market
- 6.2.3.1.1Germany Wood Pellets Biomass Boilers Market by Application
- 6.2.3.1.2Germany Wood Pellets Biomass Boilers Market by Type
- 6.2.3.2UK Wood Pellets Biomass Boilers Market
- 6.2.3.2.1UK Wood Pellets Biomass Boilers Market by Application
- 6.2.3.2.2UK Wood Pellets Biomass Boilers Market by Type
- 6.2.3.3France Wood Pellets Biomass Boilers Market
- 6.2.3.3.1France Wood Pellets Biomass Boilers Market by Application
- 6.2.3.3.2France Wood Pellets Biomass Boilers Market by Type
- 6.2.3.4Russia Wood Pellets Biomass Boilers Market
- 6.2.3.4.1Russia Wood Pellets Biomass Boilers Market by Application
- 6.2.3.4.2Russia Wood Pellets Biomass Boilers Market by Type
- 6.2.3.5Spain Wood Pellets Biomass Boilers Market
- 6.2.3.5.1Spain Wood Pellets Biomass Boilers Market by Application
- 6.2.3.5.2Spain Wood Pellets Biomass Boilers Market by Type
- 6.2.3.6Italy Wood Pellets Biomass Boilers Market
- 6.2.3.6.1Italy Wood Pellets Biomass Boilers Market by Application
- 6.2.3.6.2Italy Wood Pellets Biomass Boilers Market by Type
- 6.2.3.7Rest of Europe Wood Pellets Biomass Boilers Market
- 6.2.3.7.1Rest of Europe Wood Pellets Biomass Boilers Market by Application
- 6.2.3.7.2Rest of Europe Wood Pellets Biomass Boilers Market by Type
- 6.3Asia Pacific Wood Pellets Biomass Boilers Market
- 6.3.1Asia Pacific Wood Pellets Biomass Boilers Market by Application
- 6.3.1.1Asia Pacific Residential Market by Country
- 6.3.1.2Asia Pacific Commercial Market by Country
- 6.3.2Asia Pacific Wood Pellets Biomass Boilers Market by Type
- 6.3.2.1Asia Pacific Fully Automated Biomass Boiler Market by Country
- 6.3.2.2Asia Pacific Semi-automated Industrial Biomass Boilers Market by Country
- 6.3.2.3Asia Pacific Combined Heat and Power (CHP) Biomass Systems Market by Country
- 6.3.2.4Asia Pacific Others Market by Country
- 6.3.3Asia Pacific Wood Pellets Biomass Boilers Market by Country
- 6.3.3.1China Wood Pellets Biomass Boilers Market
- 6.3.3.1.1China Wood Pellets Biomass Boilers Market by Application
- 6.3.3.1.2China Wood Pellets Biomass Boilers Market by Type
- 6.3.3.2Japan Wood Pellets Biomass Boilers Market
- 6.3.3.2.1Japan Wood Pellets Biomass Boilers Market by Application
- 6.3.3.2.2Japan Wood Pellets Biomass Boilers Market by Type
- 6.3.3.3India Wood Pellets Biomass Boilers Market
- 6.3.3.3.1India Wood Pellets Biomass Boilers Market by Application
- 6.3.3.3.2India Wood Pellets Biomass Boilers Market by Type
- 6.3.3.4South Korea Wood Pellets Biomass Boilers Market
- 6.3.3.4.1South Korea Wood Pellets Biomass Boilers Market by Application
- 6.3.3.4.2South Korea Wood Pellets Biomass Boilers Market by Type
- 6.3.3.5Singapore Wood Pellets Biomass Boilers Market
- 6.3.3.5.1Singapore Wood Pellets Biomass Boilers Market by Application
- 6.3.3.5.2Singapore Wood Pellets Biomass Boilers Market by Type
- 6.3.3.6Malaysia Wood Pellets Biomass Boilers Market
- 6.3.3.6.1Malaysia Wood Pellets Biomass Boilers Market by Application
- 6.3.3.6.2Malaysia Wood Pellets Biomass Boilers Market by Type
- 6.3.3.7Rest of Asia Pacific Wood Pellets Biomass Boilers Market
- 6.3.3.7.1Rest of Asia Pacific Wood Pellets Biomass Boilers Market by Application
- 6.3.3.7.2Rest of Asia Pacific Wood Pellets Biomass Boilers Market by Type
- 6.4LAMEA Wood Pellets Biomass Boilers Market
- 6.4.1LAMEA Wood Pellets Biomass Boilers Market by Application
- 6.4.1.1LAMEA Residential Market by Country
- 6.4.1.2LAMEA Commercial Market by Country
- 6.4.2LAMEA Wood Pellets Biomass Boilers Market by Type
- 6.4.2.1LAMEA Fully Automated Biomass Boiler Market by Country
- 6.4.2.2LAMEA Semi-automated Industrial Biomass Boilers Market by Country
- 6.4.2.3LAMEA Combined Heat and Power (CHP) Biomass Systems Market by Country
- 6.4.2.4LAMEA Others Market by Country
- 6.4.3LAMEA Wood Pellets Biomass Boilers Market by Country
- 6.4.3.1Brazil Wood Pellets Biomass Boilers Market
- 6.4.3.1.1Brazil Wood Pellets Biomass Boilers Market by Application
- 6.4.3.1.2Brazil Wood Pellets Biomass Boilers Market by Type
- 6.4.3.2Argentina Wood Pellets Biomass Boilers Market
- 6.4.3.2.1Argentina Wood Pellets Biomass Boilers Market by Application
- 6.4.3.2.2Argentina Wood Pellets Biomass Boilers Market by Type
- 6.4.3.3UAE Wood Pellets Biomass Boilers Market
- 6.4.3.3.1UAE Wood Pellets Biomass Boilers Market by Application
- 6.4.3.3.2UAE Wood Pellets Biomass Boilers Market by Type
- 6.4.3.4Saudi Arabia Wood Pellets Biomass Boilers Market
- 6.4.3.4.1Saudi Arabia Wood Pellets Biomass Boilers Market by Application
- 6.4.3.4.2Saudi Arabia Wood Pellets Biomass Boilers Market by Type
- 6.4.3.5South Africa Wood Pellets Biomass Boilers Market
- 6.4.3.5.1South Africa Wood Pellets Biomass Boilers Market by Application
- 6.4.3.5.2South Africa Wood Pellets Biomass Boilers Market by Type
- 6.4.3.6Nigeria Wood Pellets Biomass Boilers Market
- 6.4.3.6.1Nigeria Wood Pellets Biomass Boilers Market by Application
- 6.4.3.6.2Nigeria Wood Pellets Biomass Boilers Market by Type
- 6.4.3.7Rest of LAMEA Wood Pellets Biomass Boilers Market
- 6.4.3.7.1Rest of LAMEA Wood Pellets Biomass Boilers Market by Application
- 6.4.3.7.2Rest of LAMEA Wood Pellets Biomass Boilers Market by Type
Chapter 7.Company Profiles
- 7.1Woodco Renewable Energy Limited
- 7.2Hurst Boiler & Welding Co, Inc.
- 7.3ETA Heiztechnik GmbH
- 7.4Andritz AG
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expenses
- 7.5Carrier Global Corporation
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expenses
- 7.5.5SWOT Analysis
- 7.6Babcock & Wilcox Enterprises, Inc.
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.6.4Research & Development Expenses
- 7.7John Cockerill S.A.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
- 7.8thyssenkrupp AG
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4Research & Development Expenses
- 7.8.5SWOT Analysis
- 7.9Thermax Limited
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4Research & Development Expenses
- 7.9.5SWOT Analysis
Chapter 8.Winning Imperatives for Wood Pellets Biomass Boilers Market