Industrial Biomass Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2025

The global industrial biomass boiler market is highly fragmented in nature. The leading players in the market such as Baxi Group Limited, Babcock & Wilcox Company, and Thermax have not held more than 10% market share in 2015. The collective market share held by biomass suppliers was 59% in the same year.

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The market has a large number of suppliers in comparison to buyers, hence the best alternative to grow and sustain in the business would be to collaborate with established players and adopt more effective membrane separation processes instead of distillation. Also, players are adopting numerous ways of financing biomass boilers technologies such as turnkey solutions and grants from government. A case in point would be Thermax Ltd. This company is known to attract significant funds through power purchase agreements (PPAs) and energy savings performance contracts (ESPCs).
According to the TMR report, the global industrial biomass boiler market will rise from the initial value of US$68.2 bn in 2015 to US$193.1 bn by 2025 and is expected to progress at a CAGR of 11.1% during the forecast period of 2016 to 2025.
Favorable Government Policies to Propel Sales
Due to high rate of economic development and industrialization, especially in developing regions, the requirement for adopting renewable energy technologies and systems has multiplied globally. Industrial boilers account for a considerable share of total energy consumption of an economy and are major emitters of gases like CO2 annually. Through, tax incentives and feed-in tariffs, government agencies are emphasizing on using industrial boilers that are powered by biomass to reduce the emission of such harmful gasses.
The encouraging regulatory framework and government policies will draw attention of investors to enter the industrial biomass boilers market and also give push to numerous industries to switch to eco-friendly biofuels.
Conventional Coal- and Oil-fired Boilers Enable Asia Pacific Market to Present Stiff Competition
The global industrial biomass boiler market is led by Europe for the region has announced several new industrial biomass boiler projects in the past few years. Moreover, the European Union has committed to cutting down its carbon emissions by 80% by 2050 and is regularly encouraging industrial and domestic sectors to use renewable energy sources.
However, due to extensive use of conventional coal- and oil-fired boilers in regions such as Asia Pacific and North America, the Europe market for industrial biomass boiler will witness a dip in terms of revenue during the forecast period. Although industrial biomass boilers will face competition from conventional boiler fuels, growing concerns and increasingly stringent emission regulations are expected to boost the demand for industrial biomass boiler, thereby driving the market growth in these regions.
This review is based on the findings of a TMR report titled ‘Industrial Biomass Boiler Market (Capacity Type - ~2-10 MW, ~10-25 MW, ~25-50 MW; Application Type - Pulp & Paper Industry, Brewery Industry, Sawmill Industry, CHP, Production, Power Generation; Feedstock Type - Wood Deliverable, Landfill Residues, Agricultural Residues) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2025.’
Global Industrial Biomass Boiler Market, by Capacity
~2-10 MW
~10-25 MW
~25-50 MW
Global Industrial Biomass Boiler Market, by Application
-Pulp & Paper Industry
-Brewery Industry
-Sawmill Industry
-CHP Production
-Power Generation
-Others

Global Industrial Biomass Boiler Market, by Feedstock
-Wood Deliverable
-Landfill Residues
-Agricultural Residues

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Global Industrial Biomass Boiler Market, by Geography
-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
Location: Albany, NY 12207, USA

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