Biomass boiler market projected to grow $10B by 2024
February 19, 2019
By Market Research Engine
Feb. 19, 2019 -The biomass boiler market is expected to exceed more than US$ 10 Billion by 2024; Growing at a CAGR of more than 18 per cent in the given forecast period, according to a report from Market Research Engine.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Advanced Recycling Equipment, Inc., Alstom SA, Baxi Group, Ecovision Systems Ltd., Energy Innovations (UK) Ltd, ETA Heiztechnik GmbH, Foster Wheeler AG, Garioni Naval SpA, Hurst Boiler & Welding Co, Inc., JernforsenEnergi System AB, JustsenEnergiteknik A/S, Kohlbach Group, LAMBION Energy Solutions GmbH, Leroux&Lotz Technologies, Lin-KaMaskinfabrik A/S, Mawera, Nexterra, Polytechnik GmbH, RENTECH Boiler Systems, Inc., Schmid Energy, The Babcock & Wilcox Company, Thermax Ltd, VAS Energy Systems International GmbH, Wellons, Inc., Wood Energy, and Zhengzhou Boiler Co., Ltd. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
Biomass boilers are used to burn logs, chips or wood pellets to produce heat for heating water or power heating. The installation of a biomass boiler is very easy. It is a larger as compare to ordinary gas, hence sufficient space will be required for fuel store and boiler. Biomass boilers are very famous because it emits low carbon dioxide. Biomass boilers are installed in many areas such as commercial building, district heating, colleges, hospitals, hotels, farms, community centers and households. Many factors are to be considering while selecting biomass boilers such as quality of wood fuel, space, planning and type of wood fuel.
The major driving factors of biomass boiler market are tax enticement and feed in tariffs, government support and regulatory framework.
The restraining factors of biomass boiler market are biomass fuel storage, handling and supply challenges hampering requirement for biomass boilers.
The scope of the report includes a detailed study of global and regional markets for various types of biomass boilers with the reasons given for variations in the growth of the industry in certain regions.
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