Transparency Market Research has published a new report "Industrial Biomass Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2025" to its report store.
Albany, NY -- (SBWIRE) -- 06/06/2016 -- Transparency Market Research has released a new market research report titled Industrial Biomass Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2025. According to the report, the global industrial biomass boiler market was valued at US$ 68.2 Bn in 2015 and is anticipated to reach US$ 193.1 Bn by 2025, expanding at a CAGR of 11.1% between 2016 and 2025.
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Industrial biomass boilers are generally fired on wood fuels such as wood chips and wood pellets to produce heat and power, rather than on fossil fuels such as oil, gas, and coal. An industrial biomass boiler, which is largely a wood-fueled heating system, is utilized in both heating and power generation applications. Rapid industrialization and economic growth in developing and emerging economies such as China, India, and Brazil would fuel the demand for energy, including bioenergy. This, in turn, is expected to drive the industrial biomass boiler market in the near future.
Biomass fuels also include food, animal, and industrial wastes and high energy crops such as willow, miscanthus, and maize. Space, type of wood fuel, quality of wood fuel, and planning considerations are some of the important factors to be taken into account while selecting biomass boilers.
The market for industrial biomass boiler is also expected to register significant growth on account of individual policy targets set by the regional geographies. These policies are targeted toward the supply of reliable, affordable, and secure energy to promote economic development and improve electricity access. The use of biomass as an energy source can provide a number of energy, economic, employment, and environmental benefits. Installation of biomass power plants plays a key role in attaining climate policy objectives.
For this market study, industrial biomass boilers – on the basis of capacity type – have been segmented into ~2-10 MW, ~10-25 MW, and ~25-50 MW. In Europe, steam turbines up to 40 MW are commonly utilized, owing to the subsidy regulations, whereas other regions such as North America and Asia Pacific prefer a power output up to 120 MW. Industrial biomass boilers ranging ~25-50 MW accounted for nearly 48% of the global industrial biomass boiler market in 2015.
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On the basis of application, the global industrial biomass boiler market can be segmented into pulp & paper industry, brewery industry, sawmill industry, CHP production, power generation, and others. In terms of revenue, CHP production accounted for the highest market share in 2015. In 2014, a third avenue of application opened up that has led to tremendous advancement in the use of industrial biomass boilers, viz. combined heat and power (CHP) generation. This segment accounted for nearly 24% of the global industrial biomass boiler market in 2015.
The global industrial biomass boiler market, based on feedstock, has been segmented into wood deliverable, landfill residues, and agricultural residues. According to current estimates, wood deliverable remains the single-largest feedstock for power and heat generation through biomass and occupies the major market share globally in terms of utilization of feedstock by industrial biomass boilers. This segment accounted for nearly 79% of the global industrial biomass boiler market in 2015. Increasing utilization of biomass, including manure and plant materials to generate electricity and to produce biomass fuels for transportation can provide a low-carbon and sustainable alternative to fossil fuels.
Key participants in the global industrial biomass boiler market include General Electric Company, Aalborg Energie Technik a/s, AFS Energy Systems, ANDRITZ AG, Babcock Power Inc., Baxi Heating UK Limited, Clyde Bergemann Power Group, Inc., Constructions Industrielles De La Méditerranée (CNIM) SA, Compte.R., Ecovision Systems Limited, English Boiler and Tube, Inc., Outotec Oyj, ESI Inc. of Tennessee, ETA Heiztechnik GmbH, Amec Foster Wheeler plc, FSE Energy, Inc., Indeck Power Equipment Company, ISGEC Heavy Engineering Limited, JANSEN Combustion and Boiler Technologies, Inc., KMW Energy Inc., and Hurst Boiler & Welding Co, Inc. The report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.
The global industrial biomass boiler market has been segmented as follows:
Global Industrial Biomass Boiler Market: Capacity Type Analysis
Global Industrial Biomass Boiler Market: Application Type Analysis
Pulp & Paper Industry
Global Industrial Biomass Boiler Market: Feedstock Type Analysis
Global Industrial Biomass Boiler Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Africa
South and Central America (SCA)
Rest of SCA
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