PUBLISHER: KBV Research | PRODUCT CODE: 1461915
PUBLISHER: KBV Research | PRODUCT CODE: 1461915
North America Wood Pellets Biomass Boilers Market Size, Share & Trends Analysis Report By Application (Residential, and Commercial), By Type, By Country and Growth Forecast, 2023 - 2030
The North America Wood Pellets Biomass Boilers Market would witness market growth of 13.7% CAGR during the forecast period (2023-2030).
The US market dominated the North America Wood Pellets Biomass Boilers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,503.5 Million by 2030. The Canada market is experiencing a CAGR of 16.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 15.2% during (2023 - 2030).
Some biomass boiler systems are designed to produce heat and electricity through combined heat and power (CHP) technology. These systems offer higher energy efficiency by utilizing the heat generated during electricity production for heating purposes. In a wood pellets biomass boiler system with CHP capabilities, biomass fuel (such as wood pellets) is combusted in a boiler to produce high-temperature steam. The resulting steam is subsequently utilized to power a reciprocating engine or turbine linked to an electrical generator. As the turbine or engine rotates, it generates electricity, which can be utilized on-site or exported to the grid.
Moreover, the adoption of wood pellet biomass boilers has steadily risen across various sectors, including residential, commercial, and industrial applications. This surge in adoption can be attributed to several factors, including growing awareness of climate change, increasing government support for renewable energy initiatives, and advancements in biomass boiler technology. Moreover, the inherent benefits of biomass heating, such as carbon neutrality, energy efficiency, and fuel versatility, have positioned wood pellet biomass boilers as compelling alternatives to conventional heating systems.
Mexico has witnessed significant growth in its renewable energy sector in recent years, driven by supportive policies, declining costs, and increasing investment in clean energy technologies. As per the data from the International Trade Administration, in 2022, the installed capacity of Mexico's clean energy plants (renewable and non-renewable) was 31,369 MW, which represented an increase of 1.81 percent in comparison to the previous year, when the installed capacity of clean energy accounted for 30,812 MW. In addition, Canada's growing emphasis on emission reduction and renewable energy has led to increasing demand for these boilers across the country. As per the data released in 2021 by the International Energy Agency, Canada has set targets of a 40-45% reduction in GHG emissions by 2030 (benchmarked against 2005) and net zero emissions by 2050. Therefore, the rising renewable energy sector and net zero emission initiatives in North America will assist in the growth of the regional market.
Based on Application, the market is segmented into Residential, and Commercial. Based on Type, the market is segmented into Fully Automated Biomass Boiler, Semi-automated Industrial Biomass Boilers, Combined Heat and Power (CHP) Biomass Systems, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
North America Wood Pellets Biomass Boilers Market Report Segmentation
By Application
- Residential
- Commercial
By Type
- Fully Automated Biomass Boiler
- Semi-automated Industrial Biomass Boilers
- Combined Heat and Power (CHP) Biomass Systems
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Wood Pellets Biomass Boilers Market, by Application
- 1.4.2North America Wood Pellets Biomass Boilers Market, by Type
- 1.4.3North America Wood Pellets Biomass Boilers Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 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.North America Wood Pellets Biomass Boilers Market by Application
- 4.1North America Residential Market by Country
- 4.2North America Commercial Market by Country
Chapter 5.North America Wood Pellets Biomass Boilers Market by Type
- 5.1North America Fully Automated Biomass Boiler Market by Country
- 5.2North America Semi-automated Industrial Biomass Boilers Market by Country
- 5.3North America Combined Heat and Power (CHP) Biomass Systems Market by Country
- 5.4North America Others Market by Country
Chapter 6.North America Wood Pellets Biomass Boilers Market by Country
- 6.1US Wood Pellets Biomass Boilers Market
- 6.1.1US Wood Pellets Biomass Boilers Market by Application
- 6.1.2US Wood Pellets Biomass Boilers Market by Type
- 6.2Canada Wood Pellets Biomass Boilers Market
- 6.2.1Canada Wood Pellets Biomass Boilers Market by Application
- 6.2.2Canada Wood Pellets Biomass Boilers Market by Type
- 6.3Mexico Wood Pellets Biomass Boilers Market
- 6.3.1Mexico Wood Pellets Biomass Boilers Market by Application
- 6.3.2Mexico Wood Pellets Biomass Boilers Market by Type
- 6.4Rest of North America Wood Pellets Biomass Boilers Market
- 6.4.1Rest of North America Wood Pellets Biomass Boilers Market by Application
- 6.4.2Rest of North America Wood Pellets Biomass Boilers Market by Type
Chapter 7.Company Profiles
- 7.1Woodco Renewable Energy Limited
- 7.1.1Company Overview
- 7.2Hurst Boiler & Welding Co, Inc.
- 7.2.1Company Overview
- 7.3ETA Heiztechnik GmbH
- 7.3.1Company Overview
- 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
LIST OF TABLES
- TABLE 1North America Wood Pellets Biomass Boilers Market, 2019 - 2022, USD Million
- TABLE 2North America Wood Pellets Biomass Boilers Market, 2023 - 2030, USD Million
- TABLE 3North America Wood Pellets Biomass Boilers Market by Application, 2019 - 2022, USD Million
- TABLE 4North America Wood Pellets Biomass Boilers Market by Application, 2023 - 2030, USD Million
- TABLE 5North America Residential Market by Country, 2019 - 2022, USD Million
- TABLE 6North America Residential Market by Country, 2023 - 2030, USD Million
- TABLE 7North America Commercial Market by Country, 2019 - 2022, USD Million
- TABLE 8North America Commercial Market by Country, 2023 - 2030, USD Million
- TABLE 9North America Wood Pellets Biomass Boilers Market by Type, 2019 - 2022, USD Million
- TABLE 10North America Wood Pellets Biomass Boilers Market by Type, 2023 - 2030, USD Million
- TABLE 11North America Fully Automated Biomass Boiler Market by Country, 2019 - 2022, USD Million
- TABLE 12North America Fully Automated Biomass Boiler Market by Country, 2023 - 2030, USD Million
- TABLE 13North America Semi-automated Industrial Biomass Boilers Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Semi-automated Industrial Biomass Boilers Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Combined Heat and Power (CHP) Biomass Systems Market by Country, 2019 - 2022, USD Million
- TABLE 16North America Combined Heat and Power (CHP) Biomass Systems Market by Country, 2023 - 2030, USD Million
- TABLE 17North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 18North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 19North America Wood Pellets Biomass Boilers Market by Country, 2019 - 2022, USD Million
- TABLE 20North America Wood Pellets Biomass Boilers Market by Country, 2023 - 2030, USD Million
- TABLE 21US Wood Pellets Biomass Boilers Market, 2019 - 2022, USD Million
- TABLE 22US Wood Pellets Biomass Boilers Market, 2023 - 2030, USD Million
- TABLE 23US Wood Pellets Biomass Boilers Market by Application, 2019 - 2022, USD Million
- TABLE 24US Wood Pellets Biomass Boilers Market by Application, 2023 - 2030, USD Million
- TABLE 25US Wood Pellets Biomass Boilers Market by Type, 2019 - 2022, USD Million
- TABLE 26US Wood Pellets Biomass Boilers Market by Type, 2023 - 2030, USD Million
- TABLE 27Canada Wood Pellets Biomass Boilers Market, 2019 - 2022, USD Million
- TABLE 28Canada Wood Pellets Biomass Boilers Market, 2023 - 2030, USD Million
- TABLE 29Canada Wood Pellets Biomass Boilers Market by Application, 2019 - 2022, USD Million
- TABLE 30Canada Wood Pellets Biomass Boilers Market by Application, 2023 - 2030, USD Million
- TABLE 31Canada Wood Pellets Biomass Boilers Market by Type, 2019 - 2022, USD Million
- TABLE 32Canada Wood Pellets Biomass Boilers Market by Type, 2023 - 2030, USD Million
- TABLE 33Mexico Wood Pellets Biomass Boilers Market, 2019 - 2022, USD Million
- TABLE 34Mexico Wood Pellets Biomass Boilers Market, 2023 - 2030, USD Million
- TABLE 35Mexico Wood Pellets Biomass Boilers Market by Application, 2019 - 2022, USD Million
- TABLE 36Mexico Wood Pellets Biomass Boilers Market by Application, 2023 - 2030, USD Million
- TABLE 37Mexico Wood Pellets Biomass Boilers Market by Type, 2019 - 2022, USD Million
- TABLE 38Mexico Wood Pellets Biomass Boilers Market by Type, 2023 - 2030, USD Million
- TABLE 39Rest of North America Wood Pellets Biomass Boilers Market, 2019 - 2022, USD Million
- TABLE 40Rest of North America Wood Pellets Biomass Boilers Market, 2023 - 2030, USD Million
- TABLE 41Rest of North America Wood Pellets Biomass Boilers Market by Application, 2019 - 2022, USD Million
- TABLE 42Rest of North America Wood Pellets Biomass Boilers Market by Application, 2023 - 2030, USD Million
- TABLE 43Rest of North America Wood Pellets Biomass Boilers Market by Type, 2019 - 2022, USD Million
- TABLE 44Rest of North America Wood Pellets Biomass Boilers Market by Type, 2023 - 2030, USD Million
- TABLE 45Key Information - Woodco Renewable Energy Limited
- TABLE 46Key Information - Hurst Boiler & Welding Co, Inc.
- TABLE 47Key Information - ETA Heiztechnik GmbH
- TABLE 48Key Information - Andritz AG
- TABLE 49Key Information - Carrier Global Corporation
- TABLE 50Key Information - Babcock & Wilcox Enterprises, Inc.
- TABLE 51Key Information - John Cockerill S.A.
- TABLE 52Key Information - thyssenkrupp AG
- TABLE 53Key Information - Thermax Limited
