Wood Pellets Biomass Boilers Market to Reach $17.4 Billion Globally by 2032

Allied Market Research has recently published a report, titled, "Wood Pellets Biomass Boilers Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global wood pellets biomass boilers market generated $4.6 billion in 2022, and is anticipated to generate $17.4 billion by 2032, rising at a CAGR of 14.3% from 2023 to 2032.

The growing awareness & emphasis on renewable energy solutions, advancements in biomass boiler technology, and the global shift towards carbon neutrality and sustainability are projected to drive the global wood pellets biomass boilers market's growth during the forecast period. The Europe region is predicted to witness prominent growth by 2032.