The analysts forecast global biomass boiler market to grow at a CAGR of 6.43% during the period 2016-2020.
A biomass boiler is used to generate heat or power from biomass, with less impact on the environment than conventional fuel. Heating and cooling account for almost half of the world’s energy consumption. This requirement is fulfilled using conventional sources such as electricity, which is generated from fossil fuels. Power generation from fossil fuels results in the emission of a large amount of CO2, negatively affecting the environment.
Biomass has proven to be highly efficient in controlling carbon emissions; it produces 60%-80% less carbon emissions compared to conventional fuels. Many countries globally are, therefore, encouraging the use of biomass by providing incentives and grants. In the UK, the government provides incentives to consumers who use biomass for heating. This has increased the sales and installation of biomass boilers. Around 45 countries have set targets for renewables heating and cooling, and 21 countries have specific renewable heating mandates at the national or state/provincial level to use renewable energy sources such as solar and biomass.Covered in this report
This report covers the present scenario and the growth prospects of the global biomass boiler market for 2016-2020. The report also discusses the end usage (buildings and industries), boiler technology (stoker and fluidized), application (heating and power generation), and feedstock used.
The market is divided into the following segments based on geography:
The report, Global Biomass Boiler Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Amec Foster Wheeler
Other prominent vendors
- Advanced Recycling Equipment
- Kohlbach Group
- ETA Heiztechnik
- Babcock & Wilcox
- Zhengzhou Boiler
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- Increased government support
- High capital requirement
- Advances in technology
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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