Market By Type (Stocker boilers, Fluidized bed boilers) Feedstock (Woody Biomass, Agriculture Biomass, Urban Residue) Output Range (2-10 MW, 10- 25 MW, 25- 50 MW) End-use (Combined Heat and Power (CHP) Production, Pulp & Paper, Power Generation, Sawmill, Brewery, Other End-uses) and Country Outlook | Forecast 2025-2032
Triton’s research analysis states that the industrial biomass boiler market in Latin America is estimated to gain revenue at a CAGR of 12.76% over the forecast years 2025-2032.
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The Latin America industrial biomass boiler market is experiencing robust growth due to increasing environmental concerns and the transition towards renewable energy sources. Several countries in the region are adopting biomass as a key component of their energy strategies, aiming to reduce reliance on fossil fuels. Both government initiatives and the growing demand from various industrial sectors drive this shift. The government has provided incentives and subsidies to encourage investments in biomass projects, which influences the demand for industrial biomass boilers. For example, Brazil’s Green Hydrogen Program promotes the use of renewable energy technologies, including biomass as well as contributing to the overall energy sector of the region.
The countries researched in this region include:
Brazil holds the largest market share, achieving around $250.75 million in 2024.
The Brazil industrial biomass boiler market is rapidly advancing, fueled by the country’s commitment to renewable energy and sustainability. A notable example is the Suzano Papel e Celulose company, which operates a biomass power generation system that utilizes wood waste from its operations to produce electricity, significantly reducing its carbon footprint while supplying energy to the grid.
Additionally, the state of São Paulo has seen the development of the Eldorado Brasil project, which harnesses biomass from eucalyptus to generate power and improve the efficiency of its paper production processes.
In fact, Brazil’s energy industry is increasingly reliant on biomass, with 78% of its power coming from renewable sources as of 2023, highlighting the critical role of biomass boilers in achieving energy security and sustainability.
Furthermore, government initiatives, such as the National Program for the Development of Biomass, provide incentives that encourage innovations and investments in biomass technology, making Brazil a leader in the global biomass energy landscape.
Industrial Biomass Boiler Market Forecast for Mexico
In Mexico, the biomass boiler market is gradually developing, particularly in the agricultural sector. Major investments are being directed towards using agricultural residues, such as sugarcane bagasse and corn stover, to generate energy. The La Perseverancia biomass plant in Morelos utilizes solid waste for electricity generation, marking a significant step towards enhancing the country’s renewable energy capacity. Additionally, the Tres Valles Biomass Plant contributes to Mexico’s renewable energy sector by producing approximately 155 GWh of electricity annually and providing power to 28,000 households, offsetting around 360,000 tons of carbon dioxide emissions each year. Such developments highlight the widening scope of industrial biomass boilers in the country.
The studied market is categorized into output range, type, feedstock, and end-use. In Brazil, industrial biomass boilers are increasingly utilized across various sectors, particularly in the sugar and paper industries, due to the country’s abundant biomass resources. For example, the Raizen Group employs biomass boilers to generate energy from sugarcane bagasse, meeting significant portions of their operational energy needs while supplying excess electricity to the grid.
Contender Analysis in the Industrial Biomass Boiler Market:
Industrial Boilers America (IBA), headquartered in Arizona, is a leading US-based manufacturer specializing in industrial boiler systems, including biomass boilers. With over two decades of experience, IBA is dedicated to the manufacturing, licensing, and deployment of industrial power plants, boilers, heaters, blowers, fans, and auxiliary equipment. Their extensive product portfolio encompasses industrial biomass boilers, circulating fluidized bed boilers, fire and water tube boilers, thermic fluid heaters, and waste heat recovery boilers. Operating across the United States, South America, Eurasia, Oceania, and Africa, IBA has established a significant presence in the global market.
The other important contenders in the industrial biomass boiler market are Babcock & Wilcox Enterprises Inc, Hurst Boiler & Welding Co Inc, Detroit Stoker Company, Schmid AG Energy Solutions, and Sigma Thermal.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2025-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the industrial biomass boiler market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Latin America industrial biomass boiler market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. PORTER’S FIVE FORCES
ANALYSIS
2.1.1. THREAT OF NEW ENTRANTS
2.1.2. THREAT OF SUBSTITUTES
2.1.3. BARGAINING POWER OF
BUYERS
2.1.4. BARGAINING POWER OF
SUPPLIERS
2.1.5. THREAT OF COMPETITIVE
RIVALRY
2.2. MARKET MATURITY ANALYSIS
2.3. SUPPLY CHAIN ANALYSIS
2.3.1. RAW MATERIAL PROVIDERS
2.3.2. COMPONENTS SUPPLIERS
2.3.3. TECHNOLOGY INNOVATORS
2.3.4. EQUIPMENT MANUFACTURERS
2.3.5. SUPPLY CHAIN
DISTRIBUTORS
2.3.6. END-USERS
2.3.7. MAINTENANCE AND SERVICE
EXPERTS
2.4. KEY BUYING IMPACT
ANALYSIS
2.4.1. FUEL ADAPTABILITY
2.4.2. ECONOMIC STRUCTURE
2.4.3. ENERGY EFFICIENCY
2.4.4. SCALABILITY AND
PERFORMANCE
2.4.5. ENVIRONMENTAL COMPLIANCE
2.4.6. SIMPLIFIED INSTALLATION
2.4.7. ADDITIONAL SYSTEMS AND
FEATURES
2.5. REGULATORY FRAMEWORK
2.6. KEY MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS DIVESTITURES
& EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. COST-EFFECTIVE AND
ECO-FRIENDLY SOLUTIONS
2.7.2. GOVERNMENTAL REGULATORY
SUPPORT
2.7.3. TECHNOLOGICAL INNOVATIONS
2.8. MARKET CHALLENGES
2.8.1. DEMAND FOR ADVANCED
MANAGEMENT SYSTEMS
2.8.2. EXTENSIVE INSTALLATION
EXPENSES
2.8.3. COMPLEX HANDLING
COMPARED TO CONVENTIONAL BOILERS
2.9. MARKET OPPORTUNITIES
2.9.1. REVENUE GENERATION
OPPORTUNITIES VIA CARBON CREDIT TRADING
2.9.2. INCREASED DEMAND FOR
BIOMASS IN DISTRICT HEATING SYSTEMS
2.9.3. EXPANDING POTENTIAL FOR
BIOMASS-BASED ENERGY SOLUTIONS
2.10. ANALYST PERSPECTIVE
3. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – BY TYPE
3.1. STOCKER BOILERS
3.2. FLUIDIZED BED BOILERS
4. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – BY FEEDSTOCK
4.1. WOODY BIOMASS
4.2. AGRICULTURE BIOMASS
4.3. URBAN RESIDUE
5. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – BY OUTPUT RANGE
5.1. 2-10 MW
5.2. 10-25 MW
5.3. 25-50 MW
6. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – BY END-USE
6.1. COMBINED HEAT AND POWER
(CHP) PRODUCTION
6.2. PULP & PAPER
6.3. POWER GENERATION
6.4. SAWMILL
6.5. BREWERY
6.6. OTHER APPLICATIONS
7. LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET – BY COUNTRY OUTLOOK
7.1. LATIN AMERICA
7.1.1. COUNTRY ANALYSIS
7.1.1.1. BRAZIL
7.1.1.1.1. BRAZIL INDUSTRIAL
BIOMASS BOILER MARKET FORECAST & PROSPECTS
7.1.1.2. MEXICO
7.1.1.2.1. MEXICO INDUSTRIAL
BIOMASS BOILER MARKET FORECAST & PROSPECTS
7.1.1.3. REST OF LATIN AMERICA
7.1.1.3.1. REST OF LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET FORECAST & PROSPECTS
8. COMPETITIVE LANDSCAPE
8.1.1. ATTSU
8.1.1.1. OVERVIEW
8.1.1.2. PORTFOLIO
8.1.2. BABCOCK & WILCOX
ENTERPRISES INC
8.1.2.1. OVERVIEW
8.1.2.2. PORTFOLIO
8.1.3. COIMA SRL
8.1.3.1. OVERVIEW
8.1.3.2. PORTFOLIO
8.1.4. DETROIT STOKER COMPANY
8.1.4.1. OVERVIEW
8.1.4.2. PORTFOLIO
8.1.5. HURST BOILER &
WELDING CO INC
8.1.5.1. OVERVIEW
8.1.5.2. PORTFOLIO
8.1.6. INDUSTRIAL BOILERS
AMERICA
8.1.6.1. OVERVIEW
8.1.6.2. PORTFOLIO
8.1.7. KMW ENERGY GROUP
8.1.7.1. OVERVIEW
8.1.7.2. PORTFOLIO
8.1.8. MAWERA GMBH
8.1.8.1. OVERVIEW
8.1.8.2. PORTFOLIO
8.1.9. SAATOTULI CANADA
ENTERPRISES INC
8.1.9.1. OVERVIEW
8.1.9.2. PORTFOLIO
8.1.10. SCHMID AG ENERGY
SOLUTIONS
8.1.10.1. OVERVIEW
8.1.10.2. PORTFOLIO
8.1.11. SIGMA THERMAL
8.1.11.1. OVERVIEW
8.1.11.2. PORTFOLIO
8.1.12. TRIPLE GREEN PRODUCTS
8.1.12.1. OVERVIEW
8.1.12.2. PORTFOLIO
8.1.13. WELLONS CANADA
8.1.13.1. OVERVIEW
8.1.13.2. PORTFOLIO
9. RESEARCH METHODOLOGY
& SCOPE
9.1. RESEARCH SCOPE &
DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY
TABLE 1: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS,
2020-2024 (IN $ MILLION)
TABLE 2: LATIN AMERICA INDUSTRIAL
BIOMASS BOILER MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2025-2032 (IN $
MILLION)
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: LIST OF
COLLABORATIONS
TABLE 5: LIST OF
PRODUCT LAUNCHES
TABLE 6: LIST OF
ACQUISITIONS
TABLE 7: LIST OF
BUSINESS DIVESTITURES & EXPANSIONS
TABLE 8: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY OUTLOOK, 2025-2032 (IN $ MILLION)
TABLE 9: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY TYPE, 2025-2032 (IN $ MILLION)
TABLE 10: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY FEEDSTOCK, 2025-2032 (IN $ MILLION)
TABLE 11: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY OUTPUT RANGE, 2025-2032 (IN $ MILLION)
TABLE 12: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY END-USE, 2025-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: MARKET
MATURITY ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: KEY BUYING
IMPACT ANALYSIS
FIGURE 5: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY TYPE, 2024 & 2032 (IN %)
FIGURE 6: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY STOCKER BOILERS, 2025-2032 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY FLUIDIZED BED BOILERS, 2025-2032 (IN $
MILLION)
FIGURE 8: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY FEEDSTOCK, 2024 & 2032 (IN %)
FIGURE 9: LATIN AMERICA
INDUSTRIAL BIOMASS BOILER MARKET, BY WOODY BIOMASS, 2025-2032 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY AGRICULTURE BIOMASS, 2025-2032 (IN
$ MILLION)
FIGURE 11: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY URBAN RESIDUE, 2025-2032 (IN $
MILLION)
FIGURE 12: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY OUTPUT RANGE, 2024 & 2032 (IN
%)
FIGURE 13: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY 2-10 MW, 2025-2032 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY 10- 25 MW, 2025-2032 (IN $
MILLION)
FIGURE 15: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY 25- 50 MW, 2025-2032 (IN $
MILLION)
FIGURE 16: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY END-USE, 2024 & 2032 (IN %)
FIGURE 17: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY COMBINED HEAT AND POWER (CHP)
PRODUCTION, 2025-2032 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY PULP & PAPER, 2025-2032 (IN $
MILLION)
FIGURE 19: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY POWER GENERATION, 2025-2032 (IN $
MILLION)
FIGURE 20: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY SAWMILL, 2025-2032 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY BREWERY, 2025-2032 (IN $ MILLION)
FIGURE 22: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY OTHER END-USES, 2025-2032 (IN $
MILLION)
FIGURE 23: LATIN
AMERICA INDUSTRIAL BIOMASS BOILER MARKET, BY COUNTRY OUTLOOK, 2024 & 2032
(IN %)
FIGURE 24: BRAZIL
INDUSTRIAL BIOMASS BOILER MARKET 2025-2032 (IN $ MILLION)
FIGURE 25: MEXICO
INDUSTRIAL BIOMASS BOILER MARKET 2025-2032 (IN $ MILLION)
FIGURE 26: REST OF
LATIN AMERICA INDUSTRIAL BIOMASS BOILER MARKET 2025-2032 (IN $ MILLION)