Published on : Nov 02, 2016
ALBANY, NY, Nov 02, 2016: The report studies the global industrial biomass boiler market and presents reliable forecasts regarding the market’s development trajectory in the 2016-2020 forecast period. The report makes use of industry-standard analytical tools to examine voluminous data on the industrial biomass boiler market and covers all relevant aspects of the market to provide interested readers and market players with a comprehensive overview of the present condition and expected trajectory of the industry. The report is titled ‘Global Industrial Biomass Boiler Market 2016-2020’ and is available for sale on the official website of ResearchMoz.us. The report predicts a sturdy 7.11% CAGR for the global industrial biomass boiler market from 2016 to 2020.
The growing focus on a need to reduce global greenhouse gas (GHG) emissions is one of the key drivers aiding the growth of the industrial biomass boiler market. As most of the power consumption in industries and commercial and residential buildings is for space heating, the use of renewable energy sources will not only improve the energy ratings of these buildings but also reduce GHG emissions. As biomass is produced locally, it is comparatively inexpensive than conventional fuels. In addition to this, it offers carbon neutrality. Thus, there is an increased demand for industrial biomass boilers as they are expected to address the need for a diversified energy portfolio and also curb GHG emissions.
As governments across the globe are passing stringent building emission regulations to curb GHG emissions, the demand for industrial biomass boilers is expected to grow significantly. Moreover, the adoption of biomass assists in waste management by utilizing the waste dumped in landfills as fuel. All these factors are driving the market. On the other hand, the market faces a threat in the form of substitution of industrial biomass boilers by conventional boilers.
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The report segments the global industrial biomass boilers market on the basis of end user, feedstock, and geography. By end user, the market is segmented into paper and pulp and bio-refineries, of which, the paper and pulp segment is expected to lead in the coming years. On the basis of feedstock, the market is segmented into urban residue, woody biomass, and agriculture biomass. Of these, the woody biomass segment led in 2015, driven by efficient energy production, making them a feasible alternative to coal-based power generation.
According to the report, the global industrial biomass boiler market is marked by the presence of well-established players, with local players leading the market in several regions. Thus, the competition is intense among players in the global industrial biomass boilers market. Players in the market are increasingly focusing on the development of new technologies, which can help them control the cost of production and also increase the size of boilers. The report profiles key players in the market such as VYNCKE, Amec Foster Wheeler, Enertime, Baxi, Clyde Bergemann Power, ISGEC Heavy Engineering, Treco, Byworth Boilers, Thermax, Dongfang Boiler, ZBG Industries, and Valmet.
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