A new study on the global market for biomass boilers has been recently added to the repository of Market Research Reports Search Engine (MRRSE). The study presents an unbiased analysis of this market, emphasizing on its current and past performance. The research study, titled “Biomass Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024,” is published by Transparency Market Research (TMR).

As per the research study, the opportunity in the worldwide market for biomass boilers, which was worth US$2.4 bn in 2015, is likely to expand at a CAGR of 18.10% during the period from 2016 to 2024 and reach a value of US$10.7 bn by the end of the forecast period. The presence of favorable regulatory framework and the rise in government funds is likely to boost this market significantly in the coming years, reports the study.

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Analysts have studied the global biomass boiler market on the basis of the type of feedstock, type of product, end user, application, and the geography. Based on the type of feedstock, the research report has classified the global market for biomass boilers into urban residues, woody biomass, biogas and energy crops, agriculture and forest residues, and landfill gas. Woody biomass is likely to remain the key contributor to this market in terms of feedstock. Based on the product type, the market has been classified into stoker boilers, circulating fluidized bed (CFB) boilers, and bubbling fluidized bed (BFB) boilers.

The residential, commercial, and industrial sectors have been identified as the key end users of biomass boilers and the main application of these boilers has been determined as heating and power generation in the research report.

The study also provides a regional analysis of the global market for biomass boilers. According to it, Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa are the prime regional markets for biomass boilers. Among these, Europe has emerged as the leading regional market for biomass boilers. In 2015, it held a share of more than 67% of the worldwide market. Analysts project this regional market to retain its leadership, expanding at a CAGR of nearly 18.0% during the period of forecast, states the research report.

Zhengzhou Boiler Co., Ltd., Wood Energy Ltd., Wellons Inc., VAS Energy Systems International GmbH, Thermax Ltd., Babcock & Wilcox Enterprises Inc., Schmid AG, RENTECH Boiler Systems Inc., Polytechnik Group, Nexterra Systems Corp., Mawera UK Ltd., Lin-Ka Maskinfabrik A/S, Leroux and Lotz Technologies, LAMBION Energy Solutions GmbH, Kohlbach Holding GmbH, Justsen Energiteknik A/S, Jernforsen Energi System AB, Hurst Boiler & Welding Co. Inc., SVECOM PE Srl, Amec Foster Wheeler Plc, ETA Heiztechnik GmbH, Energy Innovations (UK) Ltd., Ecovision Systems Ltd., Baxi Group Ltd., General Electric Co., and Advanced Recycling Equipment Inc. are some of the leading manufacturers of biomass boilers across the world, notes the market study.

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