Global Biomass Boiler Market 2016-2020

Market outlook of the global biomass boiler market

Technavio’s biomass boiler market analysis predicts the global biomass boiler market to grow steadily at a CAGR of more than 6% by 2020. Recently, it has been observed that multiple governments across the globe are enforcing strict building emission regulations. The introduction of such stringent policies will foster the adoption of biomass as it helps to control the amount of CO2, which is released into the atmosphere. The growing need for sustainable technologies, which is backed by the government in the form of policies and regulations, will foster the adoption of biomass boilers during the forecast period.

The augmented demand for efficient heating systems is the key driver for the growth of this market. Due to better standards of living and colder climatic conditions, heating systems have become a necessity in both developed and developing countries. Consequently, the governments of these countries are supporting the installation of renewable resource-based energy generation facilities through incentives, grants, and regulations.

Segmentation by feedstock and analysis of the biomass boiler market  

• Woody biomass
• Agricultural biomass
• Urban residue

Technavio market research analysts have estimated the woody biomass segment to account for more than 52% of the total market share by 2020. The augmented usage of short-rotation woody crops, which recycles nutrients and helps to conserve water and soil, is a critical factor that drives the prospects for growth in this market segment during the forecast period.

Technological segmentation of the biomass boiler market  

• Stoker boiler
• Fluidized bed boiler

In this market study, analysts have estimated the stoker boiler segment to be the largest market segment during the forecast period. Its ability to burn one type of fuel for the production of heat is a noteworthy factor that propels its adoption during the forecast period. Moreover, benefits like its high efficiency and low cost of operation will result in this segment’s impressive market share of more than 79% by 2020. 

Competitive landscape and key vendors

The global biomass boiler market is competitive and is characterized by the presence of numerous well-established vendors. The vendors that have access to high capital resources and dedicated R&D funds will dominate over the smaller players as they have the capacity to develop new technologies. However, it has been observed that in some regions, the local vendors dominate the market. This, in turn, will bolster the level of competition in the market.

The leading vendors in the market are -

• Alstom
• Amec Foster Wheeler
• Baxi
• Ecovision
• Hurst

Other prominent vendors in the market include Advanced Recycling Equipment, Kohlbach Group, ETA Heiztechnik, Babcock & Wilcox, and Zhengzhou Boiler.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global biomass boiler market?
• What are the key market trends impacting the growth of the global biomass boiler 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 vendors in the global biomass boiler market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global biomass boiler market?

Technavio also offers customization on reports based on specific client requirement.

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