Technavio announces Global Biomass Boilers Market to surpass $3billion by 2020

Renewable energy


This market research report includes a detailed segmentation of the global biomass boiler market by application (heating and power generation), by feedstock (woody biomass, agricultural biomass, and urban residue), by technology (stoker and fluidized bed boiler), and by end users (buildings and industries). It outlines the market shares for key regions like the Americas, APAC, and EMEA. The top vendors analyzed in this report are Alstom, Amec Foster Wheeler, Baxi, Ecovision, and Hurst.

Technavio has released a new market research report on the global biomass boilers market, which is expected to grow at a CAGR of more than 6% between 2016 and 2020. The introduction of stringent emission regulations has resulted in wide adoption of biomass boilers. A biomass boiler is used to generate heat or power from biomass, with less impact on the environment than conventional fuel. Moreover, the easy availability of feedstock and the support policies have made biomass a better alternative to fossil fuels. EMEA is the largest revenue-contributing region in the biomass boilers market, accounting for 36% of the overall market share. The region is expected to continue its dominance in the global biomass boilers market as carbon emission restrictions are expected to be more stringent to encourage use of renewable energy for heating needs in the region.

The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.

“Biomass is gaining popularity as an efficient and renewable carbon-neutral fuel to reduce emissions. Technological improvements in biomass boilers have made the production of heat and power lot easier. The boiler can automatically take in alternate feedstock when wood chips or pellets are exhausted and the advanced temperature control system manages the flame based on the predefined condition, thus producing heat efficiently. Moreover, with the help of a control system, the boiler can also communicate with a thermostat to adjust the temperature, adding to user convenience,” says Vishu Rai, Lead Analyst, Energy, Technavio Research

Technavio’s market research 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.

Global biomass stoker boiler market 2015-2020 ($ billions)

Source: Technavio, 2016

The leading vendors in the global biomass boilers market are Alstom, Amec Foster Wheeler, Baxi, Ecovision, and Hurst. This 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.

A more detailed analysis is available in the Technavio report, Global Biomass Boilers Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

Other related reports: