Energy & Green Renewable Technology Market News

Global biomass boiler market to reach $10.8 billion by 2024

The global biomass boiler market is expected to grow at a CAGR of 17.9% over the forecast period i.e. 2017-2024.

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Biomass boiler is defined as a biomass fuelled heating system. It generates heat by burning agriculture & forest residues, burn logs, wood pellets and others.

It majorly produces heat by burning wood. Biomass boilers are widely used by hotels, farms, households and others.

Further, biomass boiler helps to lower down the greenhouse gas emission due to their low carbon footprints.

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Market Size and Forecast

Further, biomass boiler market is anticipat…globally by 2024. Moreover, the factors propelling the growth of biomass boiler market include increasing strict governmental regulations coupled with rising awareness about the environmental risks.

Furthermore, woody biomass by feedstock type is the biggest feedstock segment in 2016 for heat generation and it is expected to continue its dominance by the end of 2024. In addition to this, biomass stoker by product type accounted for the largest market share in 2016. 

In terms of geography, Europe is expected to dominate the global biomass boiler market over the forecast period. Additionally, Europe region in 2016 accounted for the highest market share of 36% in the overall biomass boiler market.

Europe is anticipated to witness significant growth owing to the strict regulations taken by government regarding greenhouse gas emission. The major countries witnessing the augmented demand for biomass boiler include U.K.

and France. Moreover, implementation of government schemes such as renewable heating incentives (RHI) to lower down the use of fossil fuels is also envisioned to bolster the growth of biomass boiler market in this region.

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North America is the second largest market for biomass boiler owing to the rising awareness among the population to adopt energy saving solutions like biomass boiler to reduce greenhouse gas emission. Further, U.S. is the dominating country in this region.

Asia-Pacific is predicted to be the fastest growing biomass boiler market over the forecast period. Moreover, rapid urbanization and growing adoption of renewable heating solution by the consumers are envisioned to foster the growth of biomass boiler market in this region.

China and Japan are the dominating countries in this region owing to growing infrastructural sector.

Market Segmentation

Our in-depth analysis segmented the global biomass boiler market in the following segments:

By Feedstock Type

Woody Biomass

Agriculture & Forest Residues

Biogas & Energy Crops

Urban Residues

Others

By Product Type

Stoker Boilers

Bubbling Fluidized Bed (BFB) Boilers

Circulating Fluidized Bed (CFB) Boilers

By End-user

Residential

Commercial

Industrial

By Application

Heating

Power Generation

By Region

Global biomass boiler market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa (GCC, South Africa, North Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Rising usage of biomass such as manure to generate electricity and to produce biomass fuel is believed to foster the growth of biomass boiler market across the globe. Further, enforcement of boiler standards across the regions is envisioned to bolster the growth of biomass boiler market by the end of 2024.

Moreover, rising greenhouse gases emission has led various several agencies such as United Nation (UN) and others organizations to recommended more use of biomass energy sources. This factor is expected to bolster the biomass boiler market in future.

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Additionally, presence of strict government regulation for the safety of environment and maintaining the ecological balance is also envisioned to foster the growth of biomass boiler market by the end 2024. Adoption of these biomass boilers for waste management and increasing demand for sustainable products are the major factors propelling the growth of biomass boiler market globally.

However, lack of awareness regarding biomass boiler and large size compared to ordinary boilers are envisioned to dampen the growth of biomass boiler market.

Key players

The major key players for biomass boiler market are as follows

ETA Heiztechnik GmbH

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financials

Alstom SA

Hurst Boiler & Welding Co.

Advanced Recycling Equipment

Baxi Group,

Jernforsen Energi System AB

Garioni Naval SpA

Foster Wheeler AG

Ecovision Systems Ltd.

Lambion Energy Solutions GmbH

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global biomass boiler market is segmented as follows:

By Feedstock Type Market Size & Y-O-Y Growth Analysis

By Product Type Market Size & Y-O-Y Growth Analysis

By End-user Market Size & Y-O-Y Growth Analysis

By Application Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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