Global Industrial Biomass Boiler Market: Snapshot
The swift pace of industrialization in various regions, especially across developed regions, and the soaring demand for renewable sources of energy for industrial scale heating are the factors offering robust background to the evolution of the industrial biomass boiler market. The rising focus of governments on several developing and developed nations to encourage the adoption of renewable energy has propelled the market. Various fiscal incentives and feed-in tariff offered by governments to a large number of businesses have bolstered the use of industrial biomass boilers. Initiatives taken by government players to boost the consumption of heat from renewable sources have pulled substantial investment in biomass boiler technology. In addition, enforcement of stringent boiler standards has positively impacted the growth of the market. The increasing prominence of eco-friendly fuels and sustainable technologies in various industrial heating applications is expected to boost the market in the coming years.
The global industrial biomass boiler market stood at US$68.2 bn in 2015. Rising at a steady CAGR of 11.1% during 2016–2025 the market is expected reach a valuation of US$193.1 bn by 2025.
Europe to Provide Most Lucrative Market Avenues
Based on geography, the global market is segmented into Europe, Asia Pacific, Africa, South and Central America (SCA), and North America. Europe was the leading regional segment in 2015 and is expected to provide ample growth opportunities for players in industrial biomass boiler. The success of schemes such as Renewable Heat Incentive (RHI) has a marked effect on the uptake of biomass boilers for industrial applications. In addition, commitment of the European Commission to cut down its greenhouse gas emissions to 80% below the 1990 levels has led to sustained initiatives by various industries in the region aimed at curbing the carbon emission. This is anticipated to spur the demand for biomass boilers in the Europe. The regional market is expected to rise at a CAGR of 12% during 2015–2023, measured in terms of installed capacity.
On the other hand, North America and Asia Pacific markets for industrial biomass boilers are expected to witness moderate growth through the forecast period. The use of conventional sources such as coal and oil in boilers is expected to provide stiff competition to the demand for biomass boilers in these regional markets. The market for industrial biomass boilers in these regions are driven by mounting concerns on the use non-renewables sources of energy and the implementation of stringent emission regulations in various countries.
Biomass Cogeneration System Emerging as Prominent Application
Based on type of feedstock used, the industrial biomass boilers is segmented into wood deliverable, agricultural residues, and landfill residues. The major application segments are pulp & paper industry, sawmill industry, brewery industry, combined heat and power (CHP) production, and power generation. Among these, combined heat and power or cogeneration system is the leading segment. CHP systems are capable of transforming a variety of waste products into heat, electricity and biofuels. This, coupled with advancement in conversion technology has bolstered its adoption. The prominence of CHP over other conventional systems is due to the high energy efficiency levels of about 80% of producing heat and power. The market is expected to register an impressive CAGR of 11.1% from 2016 to 2023.
Some of the leading players operating in the industrial biomass boiler market are Babcock & Wilcox Enterprises, Thermax, Alstom SA, Baxi Heating UK Ltd., Clyde Bergemann Power Group, Inc., ANDRITZ AG, Aalborg Energie Technik a/s, and Bayview Engineering and Construction.
The research study is designed to analyze the global industrial biomass boiler market. The market is calculated both in terms of volume (MW) and Capex (US$ Bn) based on the annual sales of industrial biomass boilers. The market for industrial biomass boiler has been segmented on the basis of capacity, application, feedstock, and region. The global industrial biomass boiler market, based on capacity, has been segmented into ~2-10 MW, ~10-25 MW, and ~25-50 MW. On the basis of application, the industrial biomass boiler market has been segmented into pulp & paper industry, brewery industry, sawmill industry, CHP production, power generation, and others.
On the basis of feedstock, the market for industrial biomass boiler has been segmented into wood deliverable, landfill residues, and agricultural residues. The regional segments included in this study are North America, Europe, Asia Pacific, Africa, and South and Central America. These regional segments are further divided into country-wise segments. The report provides a detailed growth forecast for the period 2016-2025, considering 2015 as the baseline year. Projections have been provided for both volume (MW) and Capex (US$ Bn) through the annual sales of industrial biomass boilers.
The report includes the key market dynamics affecting the demand for industrial 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 industrial 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 industrial biomass boilers market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
The study also includes the value chain of the global industrial 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 capex and global penetration of key market players in the industrial 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 industrial biomass boiler market include General Electric Company, Aalborg Energie Technik a/s, AFS Energy Systems, ANDRITZ AG, Babcock Power Inc., Baxi Heating UK Limited, Clyde Bergemann Power Group, Inc., Constructions Industrielles De La Méditerranée (CNIM) SA, Compte.R., Ecovision Systems Limited , English Boiler and Tube, Inc., Outotec Oyj, ESI Inc. of Tennessee, ETA Heiztechnik GmbH, Amec Foster Wheeler plc, FSE Energy, Inc., Indeck Power Equipment Company, ISGEC Heavy Engineering Limited, JANSEN Combustion and Boiler Technologies, Inc., KMW Energy Inc., and Hurst Boiler & Welding Co, Inc. This report provides an overview of these companies, followed by their financial capital expenditures, business strategies, technical information, and recent developments.
- Global Industrial Biomass Boiler Market: Capacity Type Analysis
- ~2-10 MW
- ~10-25 MW
- ~25-50 MW
- Global Industrial Biomass Boiler Market: Application Type Analysis
- Pulp & Paper Industry
- Brewery Industry
- Sawmill Industry
- CHP Production
- Power Generation
- Global Industrial Biomass Boiler Market: Feedstock Type Analysis
- Wood Deliverable
- Landfill Residues
- Agricultural Residues
- Global Industrial Biomass Boiler Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Ivory Coast
- Rest of Africa
- South and Central America (SCA)
- Rest of SCA
- North America