The Global Biomass Boiler Market is projected to grow from USD 7.2 billion in 2021 to USD 15.4 billion by 2030 at a CAGR of 12.77% during the forecast period. Chips, logs, or wood pellets are burned in biomass boilers to generate heat for water or power heating. They are well-known for releasing less carbon dioxide into the atmosphere. Commercial buildings, district heating, colleges, hospitals, hotels, farms, community centers, and families are all places where biomass boilers are employed.
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The most recent research report on the Global Biomass Boiler Market Research 2022-2030 exclusively discusses upcoming trends as well as an in-depth analysis of the global regional landscape of the Biomass Boiler market. Furthermore, the global Biomass Boiler market report evaluates comprehensive details related to demand and supply rate, prominent contribution by leading industry manufacturers, Biomass Boiler market share, and Biomass Boiler industry growth rate.
In this study, extensive secondary research was conducted to gather information about the Global Biomass Boiler market. Furthermore, primary research has been conducted to support the stated assumptions and findings about individual businesses. The research report on the Biomass Boiler market report is said to be a basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Biomass Boiler market.
COVID-19 ANALYSIS
The COVID-19 pandemic has impacted negatively on industries and businesses all around the world. The pandemic's lockdown and social distance restrictions have stifled economic activity, interrupting supply chains, delaying projects, creating a labor shortage, and driving down demand for products and services. Governments all across the world are working hard to alleviate the suffering caused by the pandemic. The worldwide biomass boiler market is largely reliant on imports from other parts of the world. Also, the imposition of new government laws and a global lockdown, has affected the supply chain for biomass boiler.
The global Biomass Boiler market report has been segmented by application, major manufacturers, product types, and topological zones in order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Biomass Boiler market. The Biomass Boiler market report thoroughly examines several significant parameters such as Biomass Boiler market share, investments, revenue growth, globalize demand and supply factors. The research paper also compares the Biomass Boiler market's production value and growth rate across different geographies. Furthermore, it focuses on leading consumers, consumption, product capacity, market share, and expected growth opportunities.
Top Players involved in this report are:
Babcock & Wilcox Enterprises, Inc.
John Wood Group PLC
Thermax Limited.
Siemens
IHI Corporation
Doosan Heavy Industries
thyssenkrupp Industries India Pvt. Ltd.
Sigma Thermal, Inc.
Hurst Boiler & Welding Co, Inc.
INNASOL GROUP LTD.
DP CleanTech
Global Biomass Boiler Market segmentation by Types:
Fully Automated Biomass Boiler
Semi-Automated Biomass Boiler
Combined Heat
Power System
The Application of the Biomass Boiler market can be divided as:
Residential
Commercial
Industrial
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Biomass Boiler market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Biomass Boiler industry players in accordance with product picture and its portfolios, Biomass Boiler market plans, and technology. We have also mentioned strength and weaknesses of the Biomass Boiler market alongside the competitive benefits which improves productivity and efficiency of the companies.
In the highly fragmented competitive landscape of the global biomass boilers market, none of the leading companies accounted for a share of over 10% in the overall market in 2014, observes Transparency Market Research in a recent report.
The top six companies in the market, including Baxi Group Limited, ETA Heiztechnik GmbH, Polytechnik Group, and Babcock & Wilcox Enterprises, Inc., collectively accounted for a relatively moderate 40% share in the global market in the said year.
The remaining 59% share was held by a fragmented chain of suppliers across the globe.“The market features a high degree of competition.
The regional market is expected to expand at a nearly 18% CAGR from 2016 to 2024 and retain its dominant position in the global market over the next few years as well.
In terms of the key varieties of feedstock used to fuel biomass boilers, the segment of woody biomass leads, holding a share of nearly 77% of the overall market in 2015.Encouraging Regulatory Framework to Bolster Adoption of Biomass Boilers GloballyOver the years of their use across the industrial and domestic sectors, it has been found that biomass boilers can provide an array of economic and environmental benefits.
The renewable and low carbon nature of biomass has compelled the increased installation of biomass boilers across developed as well as developing countries across the globe.
