Biomass Boiler Market, Revenue Growth, Key Factors, Major Companies, Forecast To 2032
The global biomass boiler market size was USD 6 Billion in 2022 and is expected to reach USD 32.71 Billion in 2032, and register a revenue CAGR of 19 % during the forecast period. Increasing interest in lowering carbon emissions and rising demand for Renewable Energy sources are major factors driving market revenue growth. As opposed to conventional fossil fuels, biomass boilers employ organic resources such as wood chips, pellets, and agricultural waste as fuel, making them a more environmentally responsible option for producing power and heat.