Global Biomass Boiler Market 2016-2020
About Biomass Boiler
A biomass boiler is used to generate heat or power from biomass, with less impact on the environment than conventional fuel. Heating and cooling account for almost half of the world's energy consumption. This requirement is fulfilled using conventional sources such as electricity, which is generated from fossil fuels. Power generation from fossil fuels results in the emission of a large amount of CO2, negatively affecting the environment.
Biomass has proven to be highly efficient in controlling carbon emissions; it produces 60%-80% less carbon emissions compared to conventional fuels. Many countries globally are, therefore, encouraging the use of biomass by providing incentives and grants. In the UK, the government provides incentives to consumers who use biomass for heating. This has increased the sales and installation of biomass boilers. Around 45 countries have set targets for renewables heating and cooling, and 21 countries have specific renewable heating mandates at the national or state/provincial level to use renewable energy sources such as solar and biomass.
Technavio’s analysts forecast the global biomass boiler market to grow at a CAGR of 6.43% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biomass boiler market for 2016-2020. The report also discusses the end usage (buildings and industries), boiler technology (stoker and fluidized), application (heating and power generation), and feedstock used.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biomass Boiler Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Biomass Boiler Market: Alstom, Amec Foster Wheeler, Baxi, Ecovision, and Hurst.
Other Prominent Vendors in the market are: Advanced Recycling Equipment, Kohlbach Group, ETA Heiztechnik, Babcock & Wilcox, and Zhengzhou Boiler.
Commenting on the report, an analyst from Technavio’s team said: “Increasing investments and government regulations encourage development of new technologies in the sector such as advanced temperature control, automatic feeding of fuel, and catalytic combustors. Biomass is gaining popularity as an efficient and renewable carbon-neutral fuel to reduce emissions. With developments in technology, the production of heat and power using a biomass boiler has become easier.”
According to the report, the increasing cost of heating, along with fluctuating fuel prices, has compelled people to look for alternative sources of heating. The need for alternative sources of heating is also driven by the awareness about carbon emissions from conventional fuels. The governments in various countries have enacted legislations to support renewable resource-based energy generation.
Further, the report states that rising raw material costs are leading to a surge in the prices of boiler components such as rotary valves, boiler hardware, boiler induced draft fans, and bend ducting. Though the government supports end-users to implement biomass by offering incentives and subsidies, the duration to recover the total investment is long, affecting the demand for biomass.
Alstom, Amec Foster Wheeler, Baxi, Ecovision, Hurst, Advanced Recycling Equipment, Kohlbach Group, ETA Heiztechnik, Babcock & Wilcox, Zhengzhou Boiler.
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