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Biomass Boiler Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-413 Category: Energy & Power

Biomass Boiler Market Overview

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.

Market Size and Forecast

The global biomass boiler market is expected to grow at a CAGR of 17.9% over the forecast period i.e. 2017-2024. Further, biomass boiler market is anticipated to reach USD 10.8 billion 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. 

Biomass boiler

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.

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.

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

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

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