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CST: 23/07/2019 08:09:16   

Increasing Governments’ Support to Play Crucial Role in Development of Industrial Biomass Boilers Market, Observes TMR

84 Days ago

Global Industrial Biomass Boilers Market: Strict Boiler Standards and Government Support to Play Key Role in Development

Albany, New York, April 29, 2019 (GLOBE NEWSWIRE) -- The global industrial biomass boilers market depicts a fairly fragmented competitive landscape, says Transparency Market Research (TMR). The vendor landscape is highly competitive due to the active participation of numerous large companies with their holding share of nearly 10% individually in the global industrial biomass boilers market. A few prominent names of such companies include Thermax, Clyde Bergemann Power Group, Aalborg Energie Technik a/s, ANDRITZ AG, and Alstom SA.

An extensive channel of biomass suppliers are holding a strong market share, which is collectively almost 59% of the global industrial biomass boilers market. However, other companies and players in the market are acquiring several strategies to thrive in such intensely competitive market. Some of these neatly formulated strategies include controlling supply chain from biomass manufacturing to its end sales. Topmost companies in the global industrial biomass boilers market are also emphasizing on rapid collaborations with various influential vendors. Renowned players are focusing on improving the yielding capacity along with precise selection of separation and transformation process which further helps in cost reduction and quality improvement of products. Such strategies are also allowing several well-established companies to have an upper hand over other competitors in the global industrial biomass boilers market.

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TMR’s experts estimate that the global industrial biomass boilers market held a valuation of US$68.2 bn in 2015. The market will rise at a promising 11.1% CAGR during the forecast period from 2016-2025. The market is expected to attain a valuation of US$193.1 bn by 2025-end, predicts TMR.

From the perspective of applications, the combined and heat and power production (CHP) segment currently holds the largest share in terms of cumulative revenue of the global industrial biomass boilers market. This segment is expected to remain dominant over the assessment period, owing to its high energy efficiency level. With respect to geography, Europe is considered as a leading region on account of its rules and regulations targeted at curbing pollution-inducing activities and operations and its ambitious carbon emission reduction plans.

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Rising Governments’ Feed-in Tariffs to Fuel Adoption of Industrial Biomass Boilers

Industrial biomass boiler mainly generates energy from the biomass which comprises of numerous forest and agricultural residues and urban and industrial waste. The biomass boiler generally heats the residues for the generation of cost-effective electricity. However, the adoption rate of industrial biomass boiler is high due to its role in energy generation which has least adverse effect on the environment as compared to the fossil fuel’s energy. These advantages are majorly boosting the global industrial biomass boilers market. Along with these, industrial biomass boilers also provide an array economic benefits owing to the renewable nature of biomass. Therefore, such renewable nature of biomass has impelled the raised and fast installation of industrial biomass boilers across both developing and developed countries. These are also the contributing factors to the growth of the global industrial biomass boilers market.

Furthermore, various government policies in regulating the carbon emission levels are providing impetus to the growth of the global industrial biomass boilers market. Along with this, several regulatory frameworks for providing tax benefits and investment subsidies to a large-scale of industries for using renewables are also fueling growth in the global industrial biomass boilers market. Such factor promotes several biomass heating companies to switch to biomass on a raised level, which in turn is also driving the growth of the global industrial biomass boilers market.

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Decreasing Overall Biomass Efficiency May Hinder Market’s Growth

The global industrial biomass boilers market is facing some challenges which are responsible for obstructing the growth of it. These major roadblocks include rapidly decreasing overall biomass efficiency due to the rise of ash deposition and pollutants emission with time. Nevertheless, constant governments’ attempts in the form of tax incentives and feed-in tariffs are encouraging the rapid employment of such boilers at industrial level. Such factors are believed to help underpin the growth momentum of the global industrial biomass boilers market.

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The review is based on a market research report by TMR, titled, “Industrial Biomass Boiler Market (Capacity Type - ~2-10 MW, ~10-25 MW, and ~25-50 MW; Application - Pulp & Paper Industry, Brewery Industry, Sawmill Industry, CHP, Production, and Power Generation; Feedstock - Wood Deliverable, Landfill Residues, and Agricultural Residues) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2025”.

The segmentation of global industrial biomass boilers market is based on:

Capacity Type

  • ~2-10 MW
  • ~10-25 MW
  • ~25-50 MW

Application Type

  • Pulp & Paper Industry
  • Brewery Industry
  • Sawmill Industry
  • CHP Production
  • Power Generation
  • Others

Feedstock Type

  • Wood Deliverable
  • Landfill Residues
  • Agricultural Residues

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Sweden
    • Finland
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Africa
    • Ivory Coast
    • Cameroon
    • Rest of Africa
  • South and Central America (SCA)
    • Brazil
    • Rest of SCA

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