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Pulished Date February, 2021
ID: 11068
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Global Biomass Boiler Market – Segmented By Feedstock (Woody Biomass, Agricultural Biomass, Urban Residue), By Technological Segmentation (Stoker Boiler, Fluidized Bed Boiler) and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11068
Pages: 175

Biomass Boiler Market Value and Growth:

The global biomass boiler market is predicted to grow at a CAGR of 17.4% during the foreseen period, i.e., 2021-2026 to reach USD 10.7 billion worldwide by 2026.

The biomass boiler is defined as a biomass heating system. It generates heat by burning agricultural and forestry residues, burning logs, wood pellets and more. It produces heat mainly by burning wood. Biomass boilers are widely employed by hotels, farms, homes, and others. In addition, biomass boilers help reduce greenhouse gas emissions due to their low carbon footprint. Biomass boilers are employed to burn logs, chips or pellets to generate heat to heat water or electrically heat. The installation of a biomass boiler is very simple. This is a larger gas than normal, so it will take up enough space for fuel storage and the boiler. Biomass boilers are very popular because they emit little carbon dioxide. Biomass boilers are installed in many areas such as commercial buildings, district heating, universities, hospitals, hotels, farms, community centers, and homes.Also, the factors driving the expansion of the biomass boiler market include increasingly stringent government regulations along with a escalated awareness that increases environmental risks. Additionally, woody biomass by feedstock type is the largest feedstock segment in 2021 for heat production and is supposed to continue to dominate by the end of 2026. Furthermore, the biomass driver by product type accounted for the largest market share in 2021.

Biomass Boiler Market Trends:

The implementation of boiler standards across the world during the foreseen period is supposed to drive high investments in the global biomass boiler market. The regulatory framework and government support in the form of subsidies and tax rebates for power generation projects around the world using cleaner energy sources are also predicted to boost the worldwide biomass boilers market. The escalated call for efficient heating systems is the main driver of the expansion of this market. Due to improving living standards and colder climatic conditions, heating systems have become a necessity in both developed and developing countries. Therefore, the governments of these countries support the installation of energy production facilities from renewable resources through incentives, subsidies and regulations.

Recent Developments in the Biomass Boiler Market:

  • Cochran Launches Latest Biomass Boiler Offering. Many companies have introduced biomass products to the market in recent years, but many of them do not contribute much in terms of continuous support to the system and, in particular, integration with conventional industrial boilers.
  • The Russian company Onega-Energy JSC launches the fourth biomass boiler. The new biomass boiler will have a production capacity of 14 MW and has almost completed the process of replacing inefficient heat sources at Onega-Energy JSC, such as coal.

Biomass Boiler Market Drivers:

Biomass boilers offer a variety of economic and environmental benefits due to the renewable and low-carbon nature of biomass. The renewable nature of biomass has made it necessary to increase the installation of biomass boilers in developed and developing countries. In addition, various government policies that aim to increase the call for renewable energy as an important step towards regulating carbon emission levels are another factor leading to market expansion. Additionally, regulatory frameworks and government subsidies provide investment subsidies and tax benefits to industries that use renewable energy. This encourages biomass heating companies to switch to biomass to a higher level, leading to expansion of biomass boiler market.

Biomass Boiler Market Restraints:

The decline in overall biomass efficiency over time along with escalated pollutant emissions and ash deposition are some of the issues likely to hamper market expansion. However, despite the number of advantages of the biomass system, there are some concerns about the local environment, which can have a negative impact due to the atmospheric emissions of the biomass systems. It can negatively affect local air quality and human health, which is predicted to hamper market expansion. Furthermore, the control of biomass boilers is complex and significantly more complex than the control of a gas or oil heating system, which also limits the expansion of the market.

Opportunities in the Biomass Boiler Market:

One of the main factors driving the expansion of this market is escalated capacity additions in the sugar, rice, biorefinery, and pulp and paper industries. These industries generate a significant amount of agricultural waste and wood biomass, which can be burned as fuel in biomass plants. The call for ethanol increases the need for agricultural waste and biomass boilers and biomass wood. Therefore, adding capacity from these industries will support biomass boiler market expansion during the foreseen period.

Challenges in the Biomass Boiler Market:

Wood mass is one of the most widely employed fuels in biomass power plants because it is readily available. However, its transportation cost to the industrial site is high due to its high calorific value.

Biomass Boiler Market Segmentation:

By feedstock:

  • Woody Biomass
  • Agricultural Biomass
  • Urban Residue

The woody biomass segment is estimated to represent more than 52% of the total market share in 2026. The escalated use of short rotation woody crops, which recycle nutrients and help conserve water and soil, is a critical factor that stimulate prospects for the expansion of this market segment during the foreseen period.

By technology:

  • Stoker Boiler
  • Fluidized Bed Boiler

In this market study, analysts estimated that the heating boiler segment was the largest market segment during the foreseen period. Its ability to burn a type of fuel for heat production is a notable factor driving its adoption during the foreseen period. Furthermore, advantages such as its high efficiency and low cost of ownership will translate into an impressive market share of this segment of more than 79% by 2026.

Biomass Boiler Market Regional Analysis:

The Biomass Boiler Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

In geographical terms, Europe is predicted to dominate the worldwide biomass boiler market during the foreseen period. Furthermore, the Europe region in 2021 accounted for the highest market share of 36% in the overall biomass boiler market. Europe is predicted to experience significant expansion due to the strict regulations adopted by the government regarding greenhouse gas emissions. The main countries that have seen the increase in call for biomass boilers are the United Kingdom and France. In addition, the implementation of government programs such as Renewable Heating Incentives (RHI) to reduce the use of fossil fuels is also planned to support the expansion of the biomass boiler market in this region. North America is the second largest market for biomass boilers due to the growing awareness among the population to adopt energy saving solutions like biomass boilers to reduce greenhouse gas emissions. Furthermore, the United States is the dominant country in this region.

Asia-Pacific is predicted to be the fastest growing biomass boiler market during the foreseen period. Furthermore, rapid urbanization and the escalating adoption of renewable heating solutions by consumers are predicted to foster the expansion of the biomass boiler market in this region. China and Japan are the dominant countries in this region due to the expansion of the infrastructure sector.

Impact of Covid-19 on Biomass Boiler Market:

Rising awareness of livestock nutrition, modernization of the livestock industry, and high consumption of meat and other livestock goods have resulted in rise in the size of the feed additive industry. Nevertheless, owing to COVID-19, animal feed makers and producers are very much aware of the techniques and strategies to rise up from the situation. This, in turn, is predicted to boost call for food additives as market expansion begins to stabilize. Food plant genetics are a wide range of substances, including essential oils, flavonoids, saponins, and oleoresins. Improves intestinal health and promotes livestock expansion. Growing concerns about the spread of COVID-19 in livestock and growing consumer awareness about the consumption of these farm products have led feed industry manufacturers to opt for various natural and organic alternatives, such as phytogens.

Biomass Boiler Market Key Players:

Key market players in this sector include

  • Alstom
  • Amec Foster Wheeler
  • Baxi
  • Eco Vision
  • Hurst
  • Bharat Heavy Electricals
  • Ansaldo
  • Siemens
  • Innasol Limited
  • WDS Green Energy Limited
  • Dongfang Electric
  • Mitsubishi Hitachi Power Sytems
  • IHI
  • Harbin Electric
  • Doosan Heavy Industries
  • Thermax

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Biomass Boiler Market, By Feedstock                             

                                6.1.1 Woody Biomass    

                                6.1.2 Agricultural Biomass           

                                6.1.3 Urban Residue      

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Biomass Boiler Market, By Technology                           

                                6.2.1 Stoker Boiler          

                                6.2.2 Fluidized Bed Boiler             

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Feedstock         

                                7.2.3 By Technology       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Feedstock         

                                7.3.3 By Technology       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Feedstock         

                                7.4.3 By Technology       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Feedstock         

                                7.5.3 By Technology       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Feedstock         

                                7.6.3 By Technology       

8. Key Player Analysis                                    

                8.1 Alstom                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Amec Foster Wheeler                            

                8.3 Baxi               

                8.4 Eco Vision                   

                8.5 Hurst                             

                8.6 Bharat Heavy Electricals                        

                8.7 Ansaldo                       

                8.8 Siemens                      

                8.9 Innasol Limited                         

                8.10 WDS Green Energy Limited               

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Biomass Boiler Market By Region, From 2021-2026 ( USD Billion )

  2. Global Biomass Boiler Market By Feedstock, From 2021-2026 ( USD Billion )

  3. Global Woody Biomass Market By Region, From 2021-2026 ( USD Billion )

  4. Global Agricultural Biomass Market By Region, From 2021-2026 ( USD Billion )

  5. Global Urban Residue Market By Region, From 2021-2026 ( USD Billion )

  6. Global Biomass Boiler Market By Technology, From 2021-2026 ( USD Billion )

  7. Global Stoker Boiler Market By Region, From 2021-2026 ( USD Billion )

  8. Global Fluidized Bed Boiler Market By Region, From 2021-2026 ( USD Billion )

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