Biomass Boiler Market - Global Industry Analysis

Table Of Content

Methodology

Free Analysis

Biomass boilers are fully automatic appliances. These boilers are similar to the conventional boilers such as oil or gas boilers but instead of using oil or gas for producing heat they combust biomass products which are derived from waste, food, wood pellets, chips, and logs. Biomass boilers are widely used in farms, hotels, households, hospitals, community centers, and others. Moreover, these boilers help in reducing the greenhouse gas emissions due to their low carbon footprints. Biomass boilers benefit in reducing the carbon emission, provide easy maintenance, offers increased efficiency, and also gives financial benefits.

Rising environmental concerns for the use of biomass coupled with increasing government support for the biomass boiler installation is the major factor propelling the growth of the market. Moreover, rising demand for the renewable sources and increasing government emission rules and regulations are also considered strong factors positively influencing the market. However, high use of the woody biomass leads to the rising concerns for air pollution. This factor is anticipated to restrain the market growth during the forecast period. 

On the basis of feedstock type, biomass boiler is bifurcated into woody biomass, biogas & energy crops, agriculture & forest residues, and urban residues. Based on the product type, the market is bifurcated into stoker boilers, bubbling fluidized bed boilers, and circulating fluidized bed boilers. On the basis of application, the market is bifurcated into industrial, commercial, and residential.

Geographically, biomass boiler market is bifurcated into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Currently, Europe is the dominant regional market for biomass boilers. This trend is anticipated to continue during the forecast period. The growth of this region is attributed to the rising biomass production in the European countries such as Finland, Sweden, and the U.K. North America is anticipated to be the second largest for the biomass boilers market. The growth is credited to the rising awareness among the people to adopt the biomass boiler to decrease greenhouse gas emission. Furthermore, the U.S. is the dominating country in this region. The Asia Pacific accounted for a considerable growth rate in 2017. Rising demand for the renewable energy and increasing government policies related to the development of biomass energy are the major factors propelling the market in this region. 

Some of the major players operating in the biomass boiler market are Alstom, General Electric Company, Amec Foster Wheeler, Energy Innovations Ltd., Doosan Heavy Industries, Mitsubishi Hitachi Power Sytems, Ansaldo, Siemens, Amec Foster Wheeler plc, Baxi Group Limited, Ecovision Systems Ltd., Dongfang Electric, Bharat Heavy Electricals, Advanced Recycling Equipment, Harbin Electric, and Thermax Ltd.