Biomass Boiler Market - Global Industry Analysis

Biomass Boiler Market By Feedstock Type (Woody Biogas, Agriculture & Forest Residues, Biogas & Energy Crops, and Urban Residues), By Product Type (Stoker Boilers, Bubbling Fluidized Bed (BFB), and Circulating Fluidized Bed (CFB)), By End-User (Residential, Commercial, and Industrial), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 19-Apr-2022 Category: Energy & Mining Report Format : PDF Pages: 185 Report Code: ZMR-3301 Status : Published

The global biomass boiler market was worth around $ 4 billion in 2021 and is predicted to grow to around $ 11 billion at a CAGR rate of 6% over the forecast period.

Description

Industry Prospective:

The global biomass boiler market was worth around $ 4 billion in 2021 and is predicted to grow to around $ 11 billion at a CAGR rate of 6% over the forecast period. In this report, we will cover an overview, growth drivers, opportunities, and obstacles in the biomass boiler market from 2022 -to 2028.

Biomass Boiler Market: Overview

Biomass is a common type of fuel that is sourced from living or non-living matters. It could be anything ranging from wooden logs to pellets or chips and sticks. Biomass boilers are self-controlled appliances that act as fuel regulators to be delivered to the burners of the boilers. There is a pellet opener that sucks in the fuel and is then transferred to the burner for the boiler to function.

The boilers actually burn any raw plant materials like chips, logs, or wood pellets to power heat any liquid. They emit less carbon dioxide and hence they find leverage in many applications like commercial buildings, district heating, colleges, hospitals, farms, community centers, and household works.

The installation is actually very simple but needs sufficient spacing for the fuel storage and boilers. Aspects that have to be factored into buying good biomass boilers are quality of wood fuel, space, and cost.

They are also widely used in hotels, fisheries, and restaurants to process and cook food items. The emission of greenhouses gases in biomass boilers is very less which makes it very energy-efficient. It is also quite effectively used as a raw substance for generating electricity.

Covid-19 Impact:

Covid-19 had a stumbling effect on the global biomass boilers market. Heavy lockdowns and curfews were imposed across the globe, hence there was a stoppage in industrial functioning and manufacturing. Many production lines and supply chains were hampered which declined the market growth of the biomass boiler market. Mass burning as an activity was condemned due to the potential emission of gases that impeded any further market growth. There has been some resumption of operations and work in industries and factories in the recent couple of months which is expected to recover the market rate.

Global Biomass Boiler Market

Biomass Boiler Market: Growth Drivers

The renewable character of biomass boilers and government initiatives to support biodegradable products trigger market growth

The renewable attribute of these biomass boilers makes it a compelling choice of leverage in developing countries increasing their installations and demand. Government initiatives to increase the attention on renewable sources which produce lesser carbon emissions also make it a popular choice improving its market growth.

Biomass heating as a concept has been encouraged and supported by the government promoting its demand and usage thereby instigating market growth. The carbon dioxide released from the burning is consumed by the plants which make it a more energy-efficient process. This is also triggering high demand for biomass boilers.

Food and beverage industry kind of relies upon biomass boilers thereby increasing its demand. The chemical industry and the need for electricity also drive market growth massively. There has also been increased consumption of biomass boilers in the waste management system where the leverage of these boilers is maximum. The increasing focus on sustainable products and energy-efficient tools also propel market growth to a larger extent.

Biomass Boiler Market: Restraints

Cost of installation of boilers and lack of user efficiency impedes the market growth

 The cost of installation and the huge capital investment needed for biomass boilers impedes the growth of the global biomass boiler market. The ash deposition and the lack of user efficiency of biomass also act as restraints for market growth. Biomass boilers are huge in size and need ample space for installations. Apart from this they also require regular maintenance for their effective functioning. All these above factors hamper its market growth to some extent.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Biomass Boiler Market: Opportunities

Increase in leverage of natural gases provides opportunities for market expansion

The increase in focus on leveraging natural gases provides excellent opportunities for the market growth of biomass boilers. The overall rise of rapid urbanization and industrialization could also provide opportunities for market expansion as they are used widely by industrial sectors.

Biomass Boiler Market: Challenges

Frequent maintenance required for the effectiveness of boilers poses a challenge for market growth

The biomass boilers are huge pieces of equipment that need constant care and maintenance for them to function effectively and easily. The emissions and the steam that is generated might corrode the internal parts of the boilers with repeated usage. They need to be distilled and taken care of on a regular basis which poses a challenge for its market growth considerably.

Huge space for installations poses a challenge for the market

As boilers occupy large spaces, they need big areas for installations. The rampant leverage of these boilers and the efficiency of the tool are dependent on the availability of spacious landscapes. Hence, the difficulty in finding spacious areas for installations poses a challenge for the market expansion and growth.

Biomass Boiler Market: Segmentation

The global biomass boiler market in this research analysis is divided into feedstock type, product type, end-user, and region. Feedstock type is classified into woody biogas, agriculture & forest residues, biogas & energy crops, and urban residues. Product type is divided into stoker boilers, bubbling fluidized bed, and circulating fluidized bed. End-users are residential, commercial, and industrial.

Recent Development:

In December 2020, Doosan Lenties provided its CFD boiler technology at a new power plant.

Regional Landscape:

Europe dominates as the largest revenue-sharer of the global biomass boiler market. This is because of the increasing inclination of the region towards non-conventional energy. There is also a growing trend of swift industrialization which skews the demand toward industrial boilers. Government initiatives in this region regarding the harmful emissions to the environment drive market growth further. Asia-Pacific region trails as the second largest market of biomass boilers owing to increasing focus on biodegradable and environment-friendly products. The rapid urbanization, growing industrialization, and heavy adoption of green energy propel market growth.

Competitive Landscape:

The key players in the global biomass boiler market are 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. 

Global biomass boiler market segmentation follows:

By Feedstock Type

  • Woody Biogas
  • Agriculture & Forest Residues
  • Biogas & Energy Crops
  • Urban Residues

By Product Type

  • Stoker Boilers
  • Bubbling Fluidized Bed
  • Circulating Fluidized Bed

By End-Users

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

Biomass boilers are fully automatic appliances. These boilers are similar to the conventional boilers such as oil or gas boilers but instead of using oil or gas for producing heat they combust biomass products which are derived from waste, food, wood pellets, chips, and logs. Biomass boilers are widely used in farms, hotels, households, hospitals, community centers, and others. Moreover, these boilers help in reducing the greenhouse gas emissions due to their low carbon footprints. Biomass boilers benefit in reducing the carbon emission, provide easy maintenance, offers increased efficiency, and also gives financial benefits.

Rising environmental concerns for the use of biomass coupled with increasing government support for the biomass boiler installation is the major factor propelling the growth of the market. Moreover, rising demand for the renewable sources and increasing government emission rules and regulations are also considered strong factors positively influencing the market. However, high use of the woody biomass leads to the rising concerns for air pollution. This factor is anticipated to restrain the market growth during the forecast period. 

Global Biomass Boiler Market

On the basis of feedstock type, biomass boiler is bifurcated into woody biomass, biogas & energy crops, agriculture & forest residues, and urban residues. Based on the product type, the market is bifurcated into stoker boilers, bubbling fluidized bed boilers, and circulating fluidized bed boilers. On the basis of application, the market is bifurcated into industrial, commercial, and residential.

Geographically, biomass boiler market is bifurcated into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Currently, Europe is the dominant regional market for biomass boilers. This trend is anticipated to continue during the forecast period. The growth of this region is attributed to the rising biomass production in the European countries such as Finland, Sweden, and the U.K. North America is anticipated to be the second largest for the biomass boilers market. The growth is credited to the rising awareness among the people to adopt the biomass boiler to decrease greenhouse gas emission. Furthermore, the U.S. is the dominating country in this region. The Asia Pacific accounted for a considerable growth rate in 2017. Rising demand for the renewable energy and increasing government policies related to the development of biomass energy are the major factors propelling the market in this region. 

Some of the major players operating in the biomass boiler market are Alstom, General Electric Company, Amec Foster Wheeler, Energy Innovations Ltd., Doosan Heavy Industries, Mitsubishi Hitachi Power Sytems, Ansaldo, Siemens, Amec Foster Wheeler plc, Baxi Group Limited, Ecovision Systems Ltd., Dongfang Electric, Bharat Heavy Electricals, Advanced Recycling Equipment, Harbin Electric, and Thermax Ltd.

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FrequentlyAsked Questions

The renewable attribute of these biomass boilers makes it a compelling choice of leverage in developing countries increasing their installations and demand. Government initiatives to increase the attention on renewable sources which produce lesser carbon emissions also make it a popular choice improving its market growth

According to the report by Zion Market Research, the global biomass boiler market was worth around $ 4 billion in 2021 and is predicted to grow to around $ 11 billion at a CAGR rate of 6% over the forecast period

Europe dominates as the largest revenue-sharer of the global biomass boiler market. This is because of the increasing inclination of the region towards non-conventional energy. There is also a growing trend of swift industrialization which skews the demand toward industrial boilers.

The key players in the global biomass boiler market are 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.

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