Global Biomass Boiler Market: Rapid Industrialization in Developing Economies to Propel Market

2024-11-08 01:20:09 News & Society

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Biomass Boiler Market by Feedstock Type (Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, Urban Residues, and Others), by Product Type (Stoker, Bubbling Fluidized Bed (BFB) Boilers, and Circulating Fluidized Bed (CFB) Boilers), by End-user (Residential, Commercial, and Industrial), and by Application (Heating and Power Generation) - Global & U.K. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022

According to a recent market research report published by Transparency Market Research, the global biomass boiler market is expected to grow healthily at a CAGR of 19.9% during the period from 2014 to 2022. The report, titled ?Biomass Boiler Market - Global & U.K. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022?, estimates the global biomass boiler market to reach a valuation of US$8,907.0 million by 2022. The overall market was worth US$1,801.7 million in 2013. A biomass boiler is a wood-fueled heating system used for power generation and heating applications. The report points out that the rapid industrialization in developing economies such as India, China, and Brazil has fueled the demand for energy. This is expected to augment the growth of the global biomass boiler market. Enforcement of boiler standards has encouraged investment in the global biomass boiler market. Favorable regulatory frameworks and government support in terms of feed-in tariffs and tax incentives will boost the growth of the overall market during the forecast horizon.

However, the report mentions that the challenges related to biomass fuel supply, storage, and handling will hamper demand for biomass boilers. The global biomass boiler market has a huge opportunity to grow with various domestic schemes offered by governments across nations. For example, the renewable heat incentive (RHI) offered by the UK government provides long-term support for renewable heat technologies, including biomass. On the basis of feedstock type, the report segments the global biomass boiler market into agriculture and forest residues, biogas and energy crops, woody biomass, urban residues, and others, including landfill gas. The report mentions that woody biomass was the largest feedstock type for power and heat generation through biomass and accounted for around 78% of the global biomass boiler market in 2013.

Browse the full Biomass Boiler Market Report @ :
http://www.transparencymarketresearch.com/biomass-boiler-market.html
Depending on the product type, the report categorizes the global biomass boiler market into bubbling fluidized bed boilers, stoker boilers, and circulating fluidized bed boilers. The biomass stoker boilers segment dominated the overall market in 2013 and is expected to account for the highest market share during the forecast period. The industrial, residential, and commercial sectors are the three end-use segments of the global biomass boiler market. The report states that the commercial sector was the major end user of biomass boilers in 2013 and is expected to dominate the market in the near future.On the basis of application, the report segments the global biomass boiler market into power generation and heating. Heating is the largest application segment of the market and accounted for around 80% of the global biomass boiler market in 2013.

Browse the full Biomass Boiler Market Report Press Release @ :
http://www.transparencymarketresearch.com/pressrelease/biomass-boiler-market.htm

Key players in the Biomass Boiler Market include Alstom SA, Baxi Group Limited, Ecovision Systems Limited, and Foster Wheeler AG.

The research study has been segmented as below:

Global Biomass Boiler Market: Feedstock Type Analysis
Woody Biomass
Agriculture & Forest Residues
Biogas & Energy Crops
Urban Residues
Others
Global Biomass Boiler Market: Product Type Analysis
Stoker Boilers
Bubbling Fluidized Bed (BFB) Boilers
Circulating Fluidized Bed (CFB) Boilers
Global Biomass Boiler Market: End-user Analysis
Residential
Commercial
Industrial
Global Biomass Boiler Market: Application Analysis
Heating
Power Generation
Global Biomass Boiler Market: Regional Segment Analysis
North America
U.S.
Canada
Mexico
Europe
Sweden
Finland
U.K.
Germany
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Middle East and Africa (MEA)
South Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America

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On the basis of end-user, the market for biomass boiler has been segmented into residential, commercial, and industrial sectors. For residential and commercial end-user segments, we have considered boiler sizes/electrical output of 0.01 MW to 1 MW and for industrial end-user segment we have considered only those boilers with an electrical/heat output of 1 MW to 5 MW. Major applications of biomass boilers considered in the report are heating and power generation. The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. These regional segments are further divided into country-wise segments.

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http://www.transparencymarketresearch.com/energy-market-reports-3.html

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