A recent report published by Infinium Global Research on biomass boiler market provides in-depth analysis of segments and sub-segments in the global as well as regional biomass boiler market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional biomass boiler market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global biomass boiler market. According to the report, the global biomass boiler market is projected to grow at a CAGR of 18.4% over the forecast period of 2019-2025.
Energy solutions based on biomass deliver clean and renewable energy for national and international companies. Green-thinking companies are now using biofuels to ease the impact their activities have on the environment by decreasing emissions of greenhouse gases. The first notable example of a biomass boiler comes from Cornwall in the UK. A small hotel named as budock vean hotel was entirely replaced its former oil-based heating system with biomass boilers. The budock vean hotel has so far been successful in keeping the entire creation warm on two small boilers. Several businesses and homeowners are changing waste-to-energy systems or by installing biomass energy units. Biomass is one of the most plentiful and well-utilized sources of renewable energy in the world. Generation of heat and power with biomass represents the cost-effective and cleanest way to provide renewable energy in biomass potential regions with high levels of biomass resources and its processing activity.
The biomass boilers are carbon neutral that carbon dioxide released through the combustion is absorbed by the trees while growing. It provides an array of economic and environmental welfares due to renewable and low carbon nature of biomass that drives the growth of the market. Furthermore, factors such as increasing environmental concerns for the use of biomass and rising government support and regulatory framework are driving the growth of the market. However, high maintenance requirements and rise of pollutants emission and ash deposition restrain the market growth. Moreover, the demand for efficient renewable energy sources creates an opportunity for the growth of the biomass boiler market.
Geographically, Europe dominates the biomass boiler market. The growth in the region is due to the augmented biomass production in the European countries and the increasing awareness among the population to adopt energy saving solutions to decrease greenhouse gas emission. Moreover, rising government initiatives to decrease the use of fossil fuels is also driving the market growth in this region. North America is the second largest market for the biomass boiler market owing to the rising awareness among the people to adopt the biomass boiler to decrease greenhouse gas emission. Furthermore, the U.S. is the leading market for biomass boilers in this region.
The report on global biomass boiler market covers segments such as feedstock type, product type, application, and end-user. On the basis of feedstock type, the sub-markets include woody biomass, agriculture & forest residues, biogas & energy crops, urban residues, and other feedstock types. On the basis of product type, the sub-markets include stoker boilers, bubbling fluidized bed (BFB) boilers, and circulating fluidized bed (CFB) boilers. On the basis of application, the sub-markets include heating, and power generation. On the basis of end-user, the sub-markets include industrial, residential, and commercial.
The report provides profiles of the companies in the market such as Alstom, General Electric Company, Hurst Boiler & Welding Co, Inc., Amec Foster Wheeler, Aara Energy Innovations Ltd, Doosan Heavy Industries & Construction, Mitsubishi Hitachi Power Sytems, Ecovision Systems Ltd, Dongfang Electric, ETA Heiztechnik GmbH, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of biomass boiler market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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