Industry Background:
The biomass is a source of renewable energy as the same amount of carbon dioxide is emitted which is absorbed by the plants. Biomass steam boilers are powered by fuels such as industrial or urban waste or animal origin. It is used in space and process heating and has wide range of applications for industrial as well as commercial. Additionally, biomass steam boilers are applicable in food manufacturing, pharmaceuticals, chemical processing, brewing and distilling, and agricultural sector. These factors and wide range of applications is affecting the market growth positively.This growth is primarily driven by Rising Capacities in Sugar, Rice, Bio Refinery, Pulp and Paper Industry and Growing Industrialization is Fueling the Market Growth.
Globally, a noticeable market trend is evident Increased Investments in Research and Development
. Major Manufacturers, such as Byworth Boilers (United Kingdom), Wellons (United States), Cochran (United States), Hurst Boiler (United States), Gaelectric Holdings (United Kingdom), Dieffenbacher (Germany), Baxi (United Kingdom), Uniconfort (Italy), Ashwell Biomass (United Kingdom), LOINTEK (Spain), Henan Yuanda Boiler (China) and Hargassner (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rising Capacities in Sugar, Rice, Bio Refinery, Pulp and Paper Industry
- Growing Industrialization is Fueling the Market Growth
Market Trend
- Increased Investments in Research and Development
- Technological Innovations to Optimize the Performance
Restraints
- Requirement of Larger Space for Boilers
Opportunities
Increasing Usage of Biomass Steam Boilers in the Industries
Challenges
Stiff Competition among the Players
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