Biomass boiler market analyst 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.
Complete report on biomass boiler market spread across 76 pages, analyzing 5 major companies and providing 42 data exhibits is now available at http://www.rnrmarketresearch.com/global-biomass-boiler-market-2016-2020-market-report.html
The analysts forecast global biomass boiler market to grow at a CAGR of 6.43% during the period 2016-2020. 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.
The market research analysts have estimated the woody biomass segment to account for more than 52% of the total market share by 2020. The augmented usage of short-rotation woody crops, which recycles nutrients and helps to conserve water and soil, is a critical factor that drives the prospects for growth in this market segment during the forecast period.
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Technological segmentation of the biomass boiler market – Stoker boiler and Fluidized bed boiler
In biomass boiler market study, analysts have estimated the stoker boiler segment to be the largest market segment during the forecast period. Its ability to burn one type of fuel for the production of heat is a noteworthy factor that propels its adoption during the forecast period. Moreover, benefits like its high efficiency and low cost of operation will result in this segment’s impressive market share of more than 79% by 2020.
The global biomass boiler market is competitive and is characterized by the presence of numerous well-established vendors. The vendors that have access to high capital resources and dedicated R&D funds will dominate over the smaller players as they have the capacity to develop new technologies. However, it has been observed that in some regions, the local vendors dominate the market. This, in turn, will bolster the level of competition in the market.
Key players in the Global Biomass Boiler Market are 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.
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.
Another related report is Global Biomass Power Generation Market 2015-2019, the analysts forecast global biomass power generation market to grow at a CAGR of 5.5% during 2014-2019. Energy demand across the globe is increasing rapidly due to the rising population. However, the usage of traditional power generation methods to meet the growing power demand will inevitably lead to increased carbon emissions. Therefore, many countries are not just focusing on traditional fuel-based power generation techniques, but also implementing renewable energy generation techniques such as biomass. This use of renewables for power generation also increases the use of biomass for energy production.
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Global Biomass Power Generation Market top players are Alstom, Areva, Drax Group, Helius Energy and Vattenfall. Other Prominent Vendors in the market are: Ameresco, Babcock and Wilcox, Dong Energy and MGT Power.
Further, the report states that Strong competition for biomass materials can restrict the future development of biomass energy.
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