Global Biomass Boiler Market: Snapshot
Biomass boilers market is gaining widespread appeal across the globe owing to their low carbon footprint and are witnessing a vast rise in demand across the commercial, industrial, as well as industrial sectors. The global market for biomass boilers is envisaged to exhibit an impressive CAGR in the next few years as the focus of administrative bodies rapidly shifts from fossil fuels such as oil and coal to cleaner energy resources such as wood fuels for producing heat and/or electricity.
Enforcement of boiler standards across a number of regions in the near future is expected to encourage investments in the global biomass boiler market. Encouraging regulatory framework and government support in the form of subsidies and tax benefits to power generation projects using cleaner sources of energy are also projected to augment the market in the near future. Transparency Market Research estimates that the global biomass boiler market will exhibit an exponential CAGR of 19.9% over the period between 2014 and 2022, rising from a valuation of US$1.80 bn in 2013 to an opportunity of US$8.90 bn by 2022.
Woody Biomass to Remain Most Preferred Biomass for Biomass Boilers Globally
The report segments the market on the basis of the type of feedstock used into urban residues, woody biomass, biogas and energy crops, and agriculture and forest residues. Of these, the segment of woody biomass is presently the most in-demand and used feedstock for powering biomass boilers, accounting for nearly 78% of the overall market in 2013. The segment is expected to continue to account for a significant share of the global biomass boiler market. The segment of agriculture and forest residues is expected to continue to hold its second-leading position in the global biomass boilers market throughout the forecast period.
On the basis of end-user, the report segments the global biomass boiler market into industrial, commercial, and residential sectors. Of these, the commercial segment held the dominant share in the market in 2013 and is likely to retain the dominant stance over the forecast period as well. Heating and power generation applications of biomass boilers in the commercial segment are increasingly gaining prominence across a number of regional markets with countries that are strictly adhering to carbon-emission related regulations.
Europe to Provide Massive Growth Opportunities for Biomass Boilers Market
In terms of geography, the markets for biomass boilers across regions such as Europe, North America, Asia Pacific, Latin America, and Middle East and Africa are covered in the report. The market in Europe, led by the U.K. held the dominant share in the market in 2013. Encouraging government policies in the region aimed at the increased use of renewable and low carbon footprint fuels are central to Europe’s top stance in the global biomass boilers market. The market for biomass boilers is likely to surpass other regional markets in terms of growth opportunities and revenue contribution to the global market over the forecast period as well, finding massive growth opportunities in the sectors of heat generation and power production.
The global biomass boilers markets features a highly fragmented vendor landscape owing to the presence of a number of companies operating on the international front and several regional markets. Some of the leading companies in the market are ETA Heiztechnik GmbH, Alstom SA, Hurst Boiler & Welding Co, Inc., Advanced Recycling Equipment, Inc., Baxi Group, Jernforsen Energi System AB, Garioni Naval SpA, Foster Wheeler AG, Ecovision Systems Ltd., Polytechnik GmbH, Thermax Ltd, LAMBION Energy Solutions GmbH, Leroux & Lotz Technologies, Energy Innovations (UK) Ltd, Justsen Energiteknik A/S, Kohlbach Group, and Lin-Ka Maskinfabrik A/S.
The research study is designed to analyze the global biomass boiler market. The market is calculated in terms of revenue (USD Million) based on the annual sales of biomass boilers. The market for biomass boiler has been segmented on the basis of feedstock type, product type, end-user, application, and country/region. The global biomass boiler market, based on feedstock type, has been segmented into woody biomass, agriculture & forest residues, biogas & energy crops, urban residues, and others. On the basis of product type, the biomass boiler market has been segmented into stokers, bubbling fluidized bed (BFB) boilers, and circulating fluidized bed (CFB) boilers.
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. The report provides a detailed growth forecast for the period 2014-2022, considering 2013 as the baseline year. Projections have been provided for revenue (USD Million) through the annual sales of biomass boilers.
The report includes the key market dynamics affecting the demand for biomass boilers. As a part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global biomass boilers market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global biomass boilers market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.
The study also includes the value chain of the global biomass boiler market which provides a glimpse of key suppliers, manufacturers, distribution channel as well as interaction of suppliers and buyers with end-users. The company market share analysis has been done considering the revenue and global penetration of key market players in the biomass boiler industry. The attractiveness involves benchmarking and ranking each technology and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each technology in the current scenario as well as in the near future.
Key participants in the global biomass boiler market include Advanced Recycling Equipment, Inc., Alstom SA, Baxi Group, Ecovision Systems Ltd., Energy Innovations (UK) Ltd, ETA Heiztechnik GmbH, Foster Wheeler AG, Garioni Naval SpA, Hurst Boiler & Welding Co, Inc., Jernforsen Energi System AB, Justsen Energiteknik A/S, Kohlbach Group, LAMBION Energy Solutions GmbH, Leroux & Lotz Technologies, Lin-Ka Maskinfabrik A/S, Mawera, Nexterra, Polytechnik GmbH, RENTECH Boiler Systems, Inc., Schmid Energy, The Babcock & Wilcox Company, Thermax Ltd, VAS Energy Systems International GmbH, Wellons, Inc., Wood Energy, and Zhengzhou Boiler Co., Ltd. This report provides an overview of these companies, followed by their financial revenues, business strategies, technical information, and recent developments.
Global Biomass Boiler Market: Feedstock Type Analysis
- Woody Biomass
- Agriculture & Forest Residues
- Biogas & Energy Crops
- Urban Residues
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
Global Biomass Boiler Market: Application Analysis
- Power Generation
Global Biomass Boiler Market: Regional Segment Analysis
- Rest of Europe
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Rest of Latin America