Some of the key findings from our heat production equipment market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global heat production equipment in biomass power plant industry overview
The depleting non-renewable energy sources such as fossil fuels is driving governments to encourage energy generation by renewable sources. Regulations laid down by several governments to reduce carbon emission regulations have resulted in a significant rise in the adoption of clean energy technologies such as biomass. Additionally, many governments are implementing favorable policies and are providing a range of incentives and subsidies to encourage the adoption of biomass power plants. Such support from governments across the world will increase the adoption of biomass power plants. This will subsequently drive the need for heat production equipment, driving market growth during the forecast period.
Furthermore, the enhanced use of automation technologies in power plants will also drive heat production equipment market growth in biomass power plants. Several power plants have started adopting automation to optimize their performance, time, and productivity. The adoption of automated systems in biomass power plants reduces the consumption of fossil fuels and facilitates efficient power generation. As a result of these factors, there will be an increase in the adoption of automation in biomass power plants. This coupled with government support towards the development of biomass power plants will drive global heat production equipment market growth at a CAGR of more than 5% during the forecast period.
Top heat production equipment companies covered in this market research report
The global heat production equipment market in biomass power plants is fairly fragmented. To help clients improve their revenue, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Key insights provided by this heat production equipment market analysis report suggests will help companies make informed business decisions.
The report offers a detailed analysis of several leading companies, including:
- ANDRITZ AG
- Babcock & Wilcox Enterprises Inc.
- GENERAL ELECTRIC
- Siemens AG
- Valmet
Heat production equipment market segmentation based on technology
- Boiler
- Gasifier
Boilers are widely used for the direct combustion of biomass fuel. The growth in global power generation and the construction of biomass power plants globally have increased the need for boilers across the globe. The boiler segment will account for the largest global heat production equipment market share in biomass power plants throughout the forecast period.
Heat production equipment market segmentation based on geography
- APAC
- Europe
- MEA
- North America
- South America
The introduction of stringent emission norms in Europe has increased the adoption of biomass power plants. The construction of new power plants in Europe has enhanced business prospects for regional vendors, and this has resulted in long-term alliances for operating emerging power plants in the region. Such factor will drive the contribution of Europe towards the growth of the heat production equipment market size in biomass power plants during the forecast period.
Key highlights of the global heat production equipment market in biomass power plant for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the heat production equipment market in biomass power plant during the next five years
- Precise estimation of the global heat production equipment market in biomass power plant: size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the heat production equipment industry in biomass power plants across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of heat production equipment companies
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