Global Biomass Boilers to Expand in APAC, Northern Europe Due to Growing Demand for Energy and Favorable Regulatory Framework
Biomass boilers are quickly replacing boilers running on conventional fuels, due to the environmental benefits offered by the former. The global market for biomass boilers is expected to be worth close to US$9,000 million by 2022. The market was worth US$1,801.7 million in 2013 and is estimated to exhibit a stunning CAGR of close to 20% from 2014 to 2022.Increasingly favorable regulatory frameworks are helping the global biomass boilers market register strong growth prospects, since recognition of the economic and...
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