Wood Pellets Biomass Boilers Market to Reach $17.4 Billion Globally by 2032 at 14.3% CAGR

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Region: Europe Market to Hold Major Share by 2032

The wood pellets biomass boilers market in the Europe region accounted for the largest share of 40.0% in 2022 and is predicted to continue to maintain its dominance in terms of market share during the forecast period. This growth is mainly owing to the region's commitment towards renewable energy projects to reduce carbon emissions and achieve sustainability targets. The spike in residential usage, particularly in Germany, coupled with high fossil fuel prices, has made these boilers an attractive, sustainable heating solution. Moreover, supportive government policies and growing environmental consciousness have further accelerated the adoption of biomass boilers in countries like Italy and Spain, enhancing the regional market growth.

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Leading Players in the Wood Pellets Biomass Boilers Market:

• Drax
• Andritz AG
• Hurst Boiler & Welding Co, Inc.
• Woodco
• Schmid AG energy solutions
• John Cockerill
• Thermax Limited
• Babcock & Wilcox Enterprises, Inc.
• Viessmann
• Forbes Marshall

The report provides a detailed analysis of the key players of the global wood pellets biomass boilers market. These players are employing various strategies including launching new products, entering collaborations, expanding operations, forming joint ventures, and signing agreements, all aimed at boosting their market share and securing their competitive position across different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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