ALBANY, New York, June 1, 2016 /PRNewswire/ --
Transparency Market Research (http://www.transparencymarketresearch.com ) has released a new market research report titled Industrial Biomass Boiler Market by Capacity (~2-10 MW, ~10-25 MW, and ~25-50 MW), by Application (Pulp & Paper Industry, Brewery Industry, Sawmill Industry, CHP Production, Power Generation, and Others), by Feedstock (Wood Deliverable, Landfill Residues, and Agricultural Residues) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016-2025. According to the report, the global industrial biomass boiler market was valued at US$ 68.2 Bn in 2015 and is anticipated to reach US$ 193.1 Bn by 2025, expanding at a CAGR of 11.1% between 2016 and 2025.
Enforcement of boiler standards is expected to promote investments in the industrial biomass boiler market. Boiler standards are required to classify biomass equipment and fuels, so as to ensure reliability, efficiency, and trouble-free operation. Product directives aim to harmonize standards relevant to the design, manufacture, conformity assessment, and testing of biomass boilers. These standards ensure that the manufactured biomass boiler produces lower emissions, eliminates fuel feed line blockages, and ensures reliable operations.
Government institutions across the globe are striving to develop biomass feedstock for heat and power generation due to the rapid economic growth. They are primarily helping by creating/supporting numerous state and national level incentives that are directed toward increasing the installation of biomass boilers. These incentives include Renewable Heat Incentive (RHI), feed-in-tariffs (FITs), Renewable Purchase Obligations (RPOs), and tax incentives.
Get free research PDF for more Professional and Technical insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11666
The RHI scheme, which is targeted to accelerate the deployment of biomass boilers through a financial incentive program for installing renewable heating technologies as an alternative to fossil fuel based technologies, is likely to drive the growth of the market substantially. The U.K. is one of the leading countries in terms of the deployment of biomass boilers and their adoption across the globe.
Regulatory framework and government support, such as government grants and funding programs, which provide investment subsidies and tax benefits, play a key role in driving the growth of the market. Various government schemes, such as Renewable Heat Incentive (RHI) introduced in April 2013, have resulted in generating substantial interest in the biomass boiler industry in the U.K. Such schemes would drive substantial growth in the market in the near future.
North America, led by the U.S., is the largest market for biomass boilers and is anticipated to continue to lead during the forecast period. In the U.S., the federal and state governments regulate all the biomass combustion devices, including industrial biomass boilers, in terms of device type, heat output, and fuels. Also, wood-fired technologies in the U.S. for small-to medium-sized biomass boilers and industrial heating are precisely regulated. Absence of state and federal regulations in the U.S. results in lack of incentives for biomass boiler manufacturers to reduce gas emissions. New biomass boiler technologies in the U.S. are in compliance with the government regulations and policies, which would increase the economic benefits and energy dependence.
Research Press Release: http://www.transparencymarketresearch.com/pressrelease/industrial-biomass-boiler-market.htm
Europe, led by the U.K., is the second-largest market for biomass boilers and is to dominate the industrial biomass boiler market during the forecast period. Increase in production of biomass in the region is the primary growth driver for the industrial biomass boiler market. The small-scale end-users of biomass boilers in Europe accounted for 70% share (in terms of revenue) of the global industrial biomass boiler market in 2015.
Key participants in the global industrial biomass boiler market include General Electric Company, Aalborg Energie Technik a/s, AFS Energy Systems, ANDRITZ AG, Babcock Power Inc., Baxi Heating UK Limited, Clyde Bergemann Power Group, Inc., Constructions Industrielles De La Méditerranée (CNIM) SA, Compte.R., Ecovision Systems Limited , English Boiler and Tube, Inc., Outotec Oyj, ESI Inc. of Tennessee, ETA Heiztechnik GmbH, Amec Foster Wheeler plc, FSE Energy, Inc., Indeck Power Equipment Company, ISGEC Heavy Engineering Limited, JANSEN Combustion and Boiler Technologies, Inc., KMW Energy Inc., and Hurst Boiler & Welding Co, Inc. The report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments. The global industrial biomass boiler market has been segmented as follows:
Global Industrial Biomass Boiler Market: Capacity Type Analysis
- ~2-10 MW
- ~10-25 MW
- ~25-50 MW
Global Industrial Biomass Boiler Market: Application Type Analysis
- Pulp & Paper Industry
- Brewery Industry
- Sawmill Industry
- CHP Production
- Power Generation
Global Industrial Biomass Boiler Market: Feedstock Type Analysis
- Wood Deliverable
- Landfill Residues
- Agricultural Residues
Global Industrial Biomass Boiler Market: Regional Segment Analysis
- Rest of Europe
- Rest of Asia Pacific
- Ivory Coast
- Rest of Africa
South and Central America (SCA)
- Rest of SCA
Browse Other Research Report:
- Global Biomass Boiler Market: http://www.transparencymarketresearch.com/biomass-boiler-market.html
- U.S. Industrial Boilers Market: http://www.transparencymarketresearch.com/us-industrial-boilers-market.html
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
Mr. Sudip S
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
SOURCE Transparency Market Research