Industrial Biomass Boiler Market: Key Benefits for End-Users

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Industrial Biomass Boiler Market Key Benefits
for End-Users The growing global focus on
sustainability and combating climate change has
fueled the adoption of renewable energy sources.
Biomass, a readily available and renewable energy
option, is increasingly being used for generating
heat and power. This shift is part of a broader
trend toward environmentally sustainable energy
solutions. The global industrial biomass boiler
market is set to rise at a 10.12 CAGR from 2024
to 2032, as per Inkwood Research. This growth
aligns with a surge in global industrial energy
consumption, which the World Bank estimates will
rise by 40 between 2018 and 2050. According to
the International Energy Agency (IEA), renewable
energy led the global energy transition in 2023,
accounting for nearly 50 of global renewable
capacity additions, making it the fastest-growing
energy source. Industrial biomass boilers, which
convert organic materials into energy, are
gaining traction as industries look for
sustainable alternatives to traditional fossil
fuels. Request a FREE sample of the Industrial
Biomass Boiler Market
Governments worldwide are implementing policies
and incentives to promote renewable energy usage,
including subsidies and tax breaks for biomass
projects. These initiatives
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further drive the demand for industrial biomass
boilers, supporting the global transition to
cleaner and more sustainable energy
solutions. How Does Biomass Benefit Major
End-Users? Paper and Pulp Industry The
International Energy Agency (IEA) states that the
paper and pulp industry is highly energy-intensive
and accounts for more than 5 of global
industrial power consumption. The agency also
stated that globally, more than 40 of the
industrys heating needs were met using bioenergy
with solid biomass, thus accounting for the
highest share. In fact, in 2023, solid, gaseous,
and liquid biomass resources made up half of all
renewable energy consumption in the EU. The
demand for solid biomass is largely due to
the industrys need for better efficiency and
reduced carbon dioxide emissions. One of the
prime reasons for using biomass in the paper and
pulp industry for generating heat and power is
easy access to biomass feedstock. Plant owners
are also replacing older equipment with more
efficient boilers, aiding market growth.
According to provincial policies of China, the
boilers in paper and pulp mills are expected to
be completely rebuilt or eliminated during the
14th Five Year Plan period, 2021-2025. Further,
key areas of interest for the plan include the
decarbonization of energy-intensive industrial
sectors like cement, buildings, power, meat
production, steel, and transport, and the
expansion of carbon and forest cover
markets. Biorefineries The functions of a
biorefinery are similar to the petroleum
industry, wherein multiple products, such as
value-added chemicals, biofuel C biodiesel, and
biomass power, are produced in the same plant
from a single biomass source. According to a
report by the European Biomass Association, using
biomass for heat and power generation can result
in an 80-G0 reduction in greenhouse gas
emissions compared to fossil fuel-based heating
and power generation. Further, in February 2023,
PBF Energy Inc and Eni Sustainable Mobility
announced their plans to enter into a joint
venture, St. Bernard Renewables LLC (SBR), where
each of them contributes 835 million and up to
an additional 50 million to individual projects
while also providing expertise in biorefining
operations and supply. Stay up-to-date with
whats trending in the Global Industrial Biomass
Boiler Market Key Product Developments by Global
Players
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• In 2021, Corigin Solutions, an agricultural
  processing plant in California, installed a
  biomass boiler to generate heat and power from
  almond shells, which would otherwise be waste
  material. The installation has reduced the
  plants reliance on
• fossil fuels and reduced carbon emissions by over
  G0. The plant estimates that the biomass boiler
  will save around 1 million in energy costs over
  the next decade.
• In 2022, a manufacturing plant in Ohio, Hurst
  Boiler, installed a biomass boiler to replace its
  traditional fossil fuel boiler. The new boiler
  generates heat and power by burning waste wood
  chips generated by the manufacturing process. The
  installation reduced the plants carbon emissions
  by over 80, and the cost savings from using
  biomass fuel are estimated to be around 400,000
  annually.
• In 2023, Adven Latvia inaugurated a new woodchip
  boiler house on Berzaines Street 31 in Cesis,
  significantly reducing reliance on natural gas.
  This facility
• enhances energy efficiency and supports the
  regions transition to renewable energy sources.
• Biovéa Énergie SA is developing a 46 MW
  biomass-fired thermal power plant in Ayebo, Ivory
  Coast. The facility will utilize palm oil waste
  sourced from local farmers to generate
  electricity, contributing to sustainable energy
  production and reducing carbon emissions. The
  project is expected to be commissioned in 2024.
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  related to this market Conclusion
• Industrial biomass boilers are a sustainable and
  cost-effective option for many facilities. The
  benefits of reduced carbon emissions and
  renewable energy sources make them an attractive
  option for the end-users. Furthermore,
  biomass-based electricity is often cost-
• competitive than fossil fuel-based electricity in
  many regions of the world, resulting in cost
  savings for end-users.
• As more facilities adopt sustainable practices
  and explore ways to reduce their carbon
  footprint, the product is anticipated to become a
  lucrative option for heat and power
• generation, boosting the global industrial
  biomass boiler market during the forecast period.
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