Global Biomass Boiler Market Size Comparison By Region, Types, Applications And By Sales Channel
The report, titled
“Biomass Boiler Market – Global & U.K. Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 – 2022”, states
that the market’s valuation of US$1.80 bn in 2013 will increase to
US$8.90 bn by 2022.
The report states
that economic development in China, Brazil, and India has led to the
surging demand for energy. This will open opportunities for alternate
fuel sources such as biomass boilers for energy needs. Typically, a
biomass boiler comprises a wood-fueled heating unit for heating and
power generation applications.In addition, the enforcement of
standard specifications for boilers has encouraged investments in
this market in many parts of the world. Government support in the
form of tax incentives and feed-in-tariffs and favorable regulations
are bolstering the growth of the global biomass boiler market.
However, factors
such as biomass fuel supply, handling, and storage are detrimental to
the growth of this market. Nevertheless, various schemes offered by
national agencies of countries hold promise for the development of
the biomass boiler market during the forecast period. For example, in
the U.K., the renewable heat incentive (RHI) offered by the
government provides subsidies for renewable heat technologies,
biomass being one of them.The report divides the global biomass
boiler market on the basis of feedstock type, end user, product type,
application, and geography. Agriculture and forest residues, woody
biomass, biogas and energy crops, urban residues, and others are the
feedstock type segments of this market. Amongst all, in 2013, woody
biomass held the largest share of 78% in the global market due to its
uses for power and heat generation.
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By product type,
bubbling fluidized bed boilers, circulating fluidized bed boilers,
and stoker boilers are the segments of the global biomass boiler
market. It is the biomass stoker boilers segment that dominated the
global market in 2013 and is expected to retain its dominance through
the forecast period.Industrial, commercial, and residential are the
segments that divide the global biomass boiler market on the basis of
end-use; of these, it was the commercial sector that was ahead of all
other end-use segments in 2013.
Power generation and
heating are the two segments that divide this market on the basis of
application. Of the two, heating holds the largest share accounting
for almost 80% of the global market in 2013.North America, Asia
Pacific, Middle East and Africa, Europe, and Latin America are the
regional segments of the global biomass boiler market. In the
developing countries of China, India, and Brazil, regional strategies
that are framed towards the utilization of secure, affordable, and
reliable energy sources have contributed to the growth of the Asia
Pacific regional market.About Us
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