The global industrial biomass boiler market is forecast to grow at a CAGR of 7.11% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Rise in use of biomass district heating. Biomass district heating is used in areas where the building density is high and a single boiler generates the heat that is transferred through a heat network to cater to several buildings. A district heating center is more convenient than an individual heater that is installed in houses and buildings, as it can use flexible fuel to provide heat when there is a shortage of biomass supply. District heating centers allow higher economies of scale in producing heat and uses better technologies to produce heat efficiently.
According to the report, a key growth driver is the growing focus on reducing GHG emissions. The rise in GHG emission levels and the need to diversify the energy mix have driven the demand for efficient and clean fuels. Approximately 40%-50% of power consumption in residential and commercial buildings, and industries is used for space heating. Renewable energy sources such as biomass boilers help reduce carbon emissions and improve the energy rating of the buildings. Biomass, being locally produced, is cheaper than conventional fuels. It has an added advantage of carbon neutrality. Therefore, its adoption as primary energy will address the challenges such as rising GHG emissions and the need for diversified energy portfolio.
Further, the report states that one of the biggest challenges that the biomass plants face is the need for high initial capital. There are several technologies and varieties of feedstock involved in the process of converting biomass into useful heat and power. Along with these two, the distance of transportation has an impact on the amount needed as investment. The technologies are in various stages of commercialization and require high investment. This makes it difficult for biomass plants to compete with conventional boilers such as coal-based power plants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this 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 key vendors?
- What are the strengths and weaknesses of the key vendors?
- Amec Foster Wheeler
- Babcock & Wilcox
- GE & Alstom Energy
- Hurst Boiler Welding Company
- Aalborg Energie Technik
- AFS Energy Systems
- Byworth Boilers
- Clyde Bergemann Power
- Dongfang Boiler
- ISGEC Heavy Engineering
- ZBG Industries
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by feedstock
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/8lff58/global_industrial
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