Biomass Boiler Market, Biomass Boiler Market Trends, Biomass Boiler Market Growth, Biomass Boiler Market Share
Ask for Sample Copy @ https://www.mrrse.com/sample/2138
The rising awareness regarding the use of biomass as a suitable low-carbon and sustainable alternative to fossil fuels such as coal for the generation of power and heat is the key driver of the global biomass boiler market. Developed as well as developing economies across the globe have ramped up their efforts for reducing greenhouse gas emissions, of which finding ways of minimizing reliance on fossil fuels and switching to carbon-neutral fuels such as biomass is an important step. This trend has led to an increased adoption of small- and large-scale biomass boilers across the globe, chiefly for the generation of heat and power across businesses, households, and communities.
Market Research Reports Search Engine (MRRSE) estimates that the global biomass boiler market will expand at a remarkable 18.1% CAGR from 2016 to 2024. The market had a valuation of US$2,426.5 mn in 2015 and is expected to rise to US$10,752.4 mn in 2024.
Woody Biomass to Retain Dominant Stance but Lose Prominence to Emerging Feedstock Segments
Of the key varieties of biomass utilized to fuel biomass boilers, including woody biomass, urban residues, biogas and energy crops, and agriculture and forest residues, the segment of woody biomass is the single most abundantly used source for generating power and heat in biomass boilers. The segment accounted for a share of nearly 77% in the global biomass boiler market in 2015. Woody biomass has been traditionally burnt directly for domestic heating and cooking purposes; however, owing to the introduction of new technologies, it can be now converted competitively into electricity.
However, the high use of woody biomass comes with concerns such as climate and air pollution. This factor is expected to hamper the use of woody biomass to a certain extent in the next few years, especially for power generation purposes. As a result, the share of woody biomass in the global biomass boiler market is expected to witness a marginal reduction in the near future. The segment is likely to lose its share to emerging feedstock segments such as agriculture, forest, and urban residues.
For more information about this report visit: https://www.mrrse.com/global-biomass-boiler-market
Strong Emphasis of European Union on Scaling-up Use of Renewable Energy Sources to Act as Key Growth Driver
Europe is presently the dominant regional market for biomass boilers in terms of the overall contribution to the global market’s revenues, standing at over 67% in 2015. The region is expected to continue its promising run in the near future as well, exhibiting an 18.8% CAGR over the period from 2016 to 2024. The market is well developed in European countries such as Sweden, Finland, and the U.K. the vast rise in biomass production in the region is the main driver of the excellent sales of biomass boilers in the past and is expected to drive the market in the next few years as well. Of the variety of feedstock used to run biomass boilers in Europe, woody biomass is the most preferred variety.
Trailing Europe was the biomass boilers market in Asia Pacific in 2015, which held a nearly 16% of the global market’s revenues in 2015. The market for biomass boilers in the region is expected to exhibit a noteworthy 16.6% CAGR from 2016 to 2024. Aggressive renewable energy targets set by developed as well as developing countries in the region, vast rise in demand for energy, and an encouraging regulatory framework are among the key factors driving the biomass boiler market in Asia Pacific. Promising government policies related to the development of biomass energy in these countries will act as catalysts of growth of the Asia Pacific biomass boiler market across the forecasting horizon.
Some of the key vendors operating in the highly fragmented and intensely competitive global market for biomass boilers are General Electric Company, Advanced Recycling Equipment, Inc., Energy Innovations (UK) Ltd., ETA Heiztechnik GmbH, Amec Foster Wheeler plc, Hurst Boiler & Welding Co, Inc., Baxi Group Limited, Ecovision Systems Ltd., and Thermax Ltd.
Enquire about this Report @ https://www.mrrse.com/enquiry/2138
About Market Research Reports Search Engine
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
90, State Street
Albany, NY - 12207
United States Telephone: +1-518-730-0559(USA & CANADA TOLL-FREE NUMBER)
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biomass Boiler Market, Biomass Boiler Market Trends, Biomass Boiler Market Growth, Biomass Boiler Market Share here
News-ID: 1058335 • Views: 455
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. To Get Sample Report @ https://www.mrrse.com/sample/2941 The global video event data recorder (VEDR)
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Get Sample Report with More Info @ https://www.mrrse.com/sample/16143 Packaging solutions for bulk cargo are gaining fast
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Click here – Request Sample Report @ https://www.mrrse.com/sample/3126 Application of ion beam was rarely found
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.
More Releases for Europe
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining