Global Biomass Boiler Market: Rapid Industrialization in Developing Economies to Propel Market Growth at 19.9% CAGR during 2014-2022.

According to a recent market research report published by Transparency Market Research, the global biomass boiler market is expected to grow healthily at a CAGR of 19.9% during the period from 2014 to 2022. The report, titled “Biomass Boiler Market - Global & U.K. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”, estimates the global biomass boiler market to reach a valuation of US$8,907.0 million by 2022. The overall market was worth US$1,801.7 million in 2013. A biomass boiler is a wood-fueled heating system used for power generation and heating applications. The report points out that the rapid industrialization in developing economies such as India, China, and Brazil has fueled the demand for energy. This is expected to augment the growth of the global biomass boiler market. Enforcement of boiler standards has encouraged investment in the global biomass boiler market. Favorable regulatory frameworks and government support in terms of feed-in tariffs and tax incentives will boost the growth of the overall market during the forecast horizon.

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However, the report mentions that the challenges related to biomass fuel supply, storage, and handling will hamper demand for biomass boilers. The global biomass boiler market has a huge opportunity to grow with various domestic schemes offered by governments across nations. For example, the renewable heat incentive (RHI) offered by the UK government provides long-term support for renewable heat technologies, including biomass. On the basis of feedstock type, the report segments the global biomass boiler market into agriculture and forest residues, biogas and energy crops, woody biomass, urban residues, and others, including landfill gas. The report mentions that woody biomass was the largest feedstock type for power and heat generation through biomass and accounted for around 78% of the global biomass boiler market in 2013. 

Depending on the product type, the report categorizes the global biomass boiler market into bubbling fluidized bed boilers, stoker boilers, and circulating fluidized bed boilers. The biomass stoker boilers segment dominated the overall market in 2013 and is expected to account for the highest market share during the forecast period. The industrial, residential, and commercial sectors are the three end-use segments of the global biomass boiler market. The report states that the commercial sector was the major end user of biomass boilers in 2013 and is expected to dominate the market in the near future.On the basis of application, the report segments the global biomass boiler market into power generation and heating. Heating is the largest application segment of the market and accounted for around 80% of the global biomass boiler market in 2013.

The report studies the biomass boiler market in key regions such as Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. In developing economies such as India, China, and Brazil, regional policies targeted towards the supply of affordable, secure, and reliable energy have contributed significantly to the growth of the market in these regions. Some of the key players in the global biomass boiler market are Alstom SA, Baxi Group Limited, Ecovision Systems Limited, and Foster Wheeler AG. 

Browse the full Biomass Boiler Market by Feedstock Type (Woody Biomass, Agriculture & Forest Residues, Biogas & Energy Crops, Urban Residues, and Others), by Product Type (Stoker, Bubbling Fluidized Bed (BFB) Boilers, and Circulating Fluidized Bed (CFB) Boilers), by End-user (Residential, Commercial, and Industrial), and by Application (Heating and Power Generation) - Global & U.K. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022 report at : http://www.transparencymarketresearch.com/biomass-boiler-market.html

The research study has been segmented as below:

Global Biomass Boiler Market: Feedstock Type Analysis

• Woody Biomass
• Agriculture & Forest Residues
• Biogas & Energy Crops
• Urban Residues
• Others

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

• Residential
• Commercial
• Industrial

Global Biomass Boiler Market: Application Analysis

• Heating
• Power Generation

Global Biomass Boiler Market: Regional Segment Analysis

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • Sweden
  • Finland
  • U.K.
  • Germany
  • Rest of Europe

• Asia Pacific

  • Japan
  • China
  • India
  • Rest of Asia Pacific

• Middle East and Africa (MEA)

  • South Africa
  • Rest of MEA

• Latin America

  • Brazil
  • Rest of Latin America

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