About Biomass Boiler
Biomass boilers are those equipment’s which are used to burn chips, logs, wood pellets to produce heat for water and power heating. The installation is very easy and it is larger as compared to ordinary gas, hence it requires sufficient space for fuel store and boiler. Biomass boilers emit low carbon dioxide and are installed in many areas such as commercial building, district heating, colleges, hospitals, hotels, etc. Further, Rapid urbanization coupled with the growing industrialization is the major factor anticipated to drive the biomass boiler market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.95% |
The global biomass boiler market is highly competitive with several national and international well-established vendors. The vendors that have access to high capital resources and dedicated R&D funds is anticipated to dominate over the smaller players as they have the ability to develop new technologies. However, in some regions, the local vendors may dominate the market. This, in turn, will bolster the level of competition in the market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AFS Energy Systems (United States), Andritz AG (Austria), Babcock Power Inc. (United States), Baxi Heating UK Limited (United Kingdom), Alstom SA (France), Ecovision Systems (United Kingdom), Energy Innovations (United Kingdom) , ETA Heiztechnik (Germany), Foster Wheeler (United Kingdom) , Garioni Naval (Italy), Hurst Boiler & Welding Co, Inc. (United States), Jernforsen Energi System (Sweden), Justsen Energiteknik (Denmark), Kohlbach Group (Denmark), LAMBION Energy Solutions (Germany), Leroux & Lotz Technologies (France) and RENTECH Boiler Systems (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Schmid Group (Germany), Babcock & Wilcox (United States), Thermax (India), Wellons (United States) and Wood Energy (Scotland).
Segmentation Overview
AMA Research has segmented the market of Global Biomass Boiler market by Type (Horizontal Biomass Boiler and Vertical Biomass Boiler), Application (Heating and Power Generation) and Region.
On the basis of geography, the market of Biomass Boiler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Automation, the sub-segment i.e. Fully Automatic will boost the Biomass Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Stoker Boiler will boost the Biomass Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Feedstock Type, the sub-segment i.e. Woody Biomass will boost the Biomass Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Biomass Boiler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Substantial Investment by Private Companies to Install Biomass Boiler Facilities and Stringent Government Regulations for the Adoption of Biomass Boilers
Market Growth Drivers:
Rising Adoption of Biomass Clean Energy System in Emerging Countries, Increasing Demand for Efficient Heating System and Growing Environmental Concerns coupled with the Use of Biomass
Challenges:
Lack of Awareness among End users Regarding Biomass Boiler
Restraints:
Alternatives such as Natural Gas Boiler and Electric Boilers
Opportunities:
Increasing Production of Biomass and Easy Availability of Biomass Fuels and Rising Investment by the Government for Biomass Production
Market Leaders and their expansionary development strategies
In January 2020, Danish biomass firm Linka Energy has acquired Weiss, a French company specialising in advising and servicing biomass and waste-based boilers.The acquisition provides Linka Energy Group with a further strengthening of the group’s product portfolio, as well as the knowledge and long-standing special skills that Weiss employees already apply to their existing customer.
February 2019, Solvay has invested in a new biomass boiler at its soda ash plant in Rheinberg, Germany, a decision that will cut the site’s CO₂ emissions by more than 30% while at the same time improving its competitiveness. and The new biomass boiler technology which burns recycled wood chips – will lower CO2; emissions by 190 kt/year as the Group is committed to reduce its greenhouse gas emissions by 1 million tons.
In July 2016, the Government introduced changes to the Renewable Heat Incentive (RHI) tariffs for Biomass Combined Heat and Power (CHP) plants with under 20% power efficiency with no formal consultation with industry.
Key Target Audience
Biomass Boiler Manufacturers, Industry Associations, Government and Regulatory Bodies, Potential Investors, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.