The global biomass boiler market
is segmented by application into heating and power generation. Among these
segments, heating segment grabbed major shares of biomass boiler market in 2016.
Beneficial advantages of using biomass boiler as a heating solution such as
affordable heating fuel and low carbon emission are amplifying the growth of heating
segment. Apart from this, governments in countries such as U.K. are offering
incentives for citizens who install an eligible renewable heating
technology. Further, such benefits of adopting biomass boilers are expanding
the size of global biomass boiler market.
Global biomass boiler market is
expected to register a 17.9% CAGR over the forecast period. Moreover, the global
biomass boiler market is expected to reach at USD 10.8 Billion
by the end of 2024. Growing environmental concerns amongst the population is anticipated
to increase the demand for biomass boiler market. Apart from this, rising adoption
of biomass boilers amongst the industries for power generation is intensifying
the growth of global biomass boiler market.
The stoker boilers segment by product
type is witnessing sustainable demand across all regions. Further, low emission
and efficient and stable combustion are major advantages of stoker boilers
which are escalating the demand for stoker biomass boilers. Additionally, increasing advancements in
modern stoker biomass boilers such as improve fuel feed control and improved
over fire air system are also expanding the market size of stoker boiler.
Environment and
Energy Saving Concerns
Rise in utilization of renewable energy resources in
order to reduce carbon emission is fuelling the demand for biomass boilers.
Further, increasing environmental concerns is anticipated to foster the growth
of biomass boilers market. Moreover, rising production of biomass and easy
availability of biomass fuels are enhancing the growth of global biomass
market.
Favourable
Government Initiatives and Programmes
Government efforts to aware
population regarding benefits of biomass boiler and to reduce dependency on
fossil fuels are strengthen the market of biomass boilers across the globe. Furthermore,
governments are focusing towards utilization of green energy and taking various
initiatives to reduce greenhouse gas emission are also fostering the growth of
global market of biomass boiler.
However, presence of other alternatives
such as natural gas boiler and electric boilers is likely to inhibit the growth
of the biomass boiler market in the upcoming year.
The
report titled “Biomass Boiler Market : Global Demand Analysis & Opportunity Outlook 2024” delivers detailed
overview of the global biomass boiler market in terms of market segmentation by
feedstock type, by product type, by end-user, by application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global biomass
boiler market which includes company profiling of
ETA Heiztechnik GmbH, Alstom SA, Hurst Boiler & Welding Co., Advanced Recycling
Equipment, Baxi Group, VYNCKE NV,
Garioni Naval SpA, Foster Wheeler AG, Ecovision Systems Ltd. and Lambion Energy
Solutions GmbH. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the global biomass boiler market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected trends
in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/biomass-boiler-market-global-demand-analysis-opportunity-outlook-2024/413
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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