Global Biomass Boiler Market
by Feedstock Type (Woody Biomass, Agriculture & Forest Residues, Biogas
& Energy Crops, Urban Residues) By Product Type (Stocker Boilers, Bubbling
Fluidized Bed (BFB) Boilers, Circulating Fluidized Bed (CFB) Boilers) and
Region - Global Forecast to 2024
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.
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.
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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