Press release
Why the Biomass Boiler Market is set to explode? Top Companies: Babcock & Wilcox, Amec Foster Wheeler, Thermax, Siemens, IHI Corporation, Doosan Heavy Industries, Thyssenkrupp, Eco vision, Hurst, Innasol Limited, AbioNova, Ansaldo, and DP CleanTech.
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/biomass-boiler-market-100732
License Agreement Signed B&W Vølund Will Offer Growth Opportunities
Babcock & Wilcox Enterprises, Inc., a global leader in advanced energy and environmental technologies and services announced through its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, a licensing agreement. The agreement is aimed to provide water-cooled vibrating grate technology for biomass boilers to Thyssenkrupp Industries India Pvt. Ltd. on an exclusive basis for projects in Asian countries such as India, Nepal, Sri Lanka, Bangladesh, Myanmar, and Bhutan. The licensing agreement is predicted to back industrial biomass boilers owing to biomass combustion technology which would assist industrial and power users to produce clean renewable energy and thus benefit the environment by reducing carbon emissions.
Some of the major companies that are present in the biomass boiler market are
• Babcock & Wilcox
• Amec Foster Wheeler
• Thermax
• Siemens
• IHI Corporation
• Doosan Heavy Industries
• Thyssenkrupp
• Eco vision
• Hurst
• Innasol Limited
• AbioNova
• Ansaldo
• DP CleanTech
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Furthermore, the deployment of circulating fluidized bed (CFB) boiler technology is also expected to support the growth of the market. For instance, Doosan Lentjes will deliver its circulating fluidized bed (CFD) boiler technology at a new biomass-based power plant located in Sodengaura, Chiba Prefecture, Japan. The project will be executed under the terms of a larger EP contract awarded to Lentjes’ parent company Doosan Heavy Industries and Construction (DHIC) headquartered in Korea. Moreover, Sumitomo SHI FW getting awarded for its design and supply is also predicted to boost biomass boiler market revenue. For instance, a contract was awarded by SK Engineering & Construction Co. Ltd. to Sumitomo SHI FW for its design and supply of SMG Energy’s SMG Boiler Power Plant to be located in Gunsan City in the Republic of Korea. The project is scheduled to start its commercial operation by December 2020.
Segmentation
1. By Feedstock
• Woody biomass
• Forest residue
• Agriculture
• Biogas & Energy Crop
• Urban Residue
• Others
2. By Type
• Fully Automated Biomass Boiler
• Semi-Automated Biomass Boiler
• Combined Heat and Power System
• Others
3. By Application
• Heating
• Power Generation
4. By End-user
• Residential
• Commercial
• Industrial
5. By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Argentina, Venezuela, Chile and Rest of Latin America)
• Middle East & Africa (South Africa, GCC, Nigeria and Rest of Middle East & Africa)
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These developments witnessed in the global biomass boiler market will be crucial to its growth in the coming years.
Key Market Driver – Low carbon emission and relatively lower fuel prices
Key Market Restraint – Require considerably greater space and regular maintenance
Rising Adoption of Renewable Sources of Energy Will Facilitate Growth in North America
Geographically, the global biomass boiler market share is segmented between North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Rising adoption of green energy biomass renewables in European nations such as Germany, Sweden, Austria, and Finland for the production of electricity and heat is a factor expected to boost the biomass boiler market in the region. Furthermore, in order to address the threat of rising carbon emission, Europe is inclining more towards non-conventional energy, which in turn will accelerate biomass boiler market growth in the region. North America is predicted to grow at a significant rate during the forecast period owing to rising awareness towards the adoption of renewable sources of energy to reduce carbon emission. Asia Pacific is expected to rise at a considerable rate owing to the rapid urbanization, growing industrialization and adoption of green energy in countries such as India, Japan, and China. In Latin America, agricultural wastages are used as biomass fuel for electricity generation. The presence of key players in countries such as Brazil, Chile, and Mexico is a factor likely to propel the growth of the biomass boiler market in Latin America.
Key Industry Developments
• In Feb 2019, In a bid to reduce pollution and increase the potential technology of biomass boiler in India and neighbouring countries, the German conglomerate ThyssenKrupp has signed an agreement with Babcock & Wilcox Volund of Denmark.
• In December 2018, Doosan Lentjes will provide its circulating fluidized bed (CFD) boiler technology at a new biomass-based power plant located in Sodengaura, Chiba Prefecture, Japan.
• In October 2018, A contract has been awarded by SK Engineering & Construction Co. Ltd. to Sumitomo SHI FW for design and supply of SMG Energy’s SMG Boiler Power Plant to be located in Gunsan City in the Republic of Korea. The project is scheduled to start its commercial operation by December 2020.
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/biomass-boiler-market-100732
Major Table of Content for Biomass Boiler Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Biomass Boiler Market Analysis, Insights and Forecast, 2026
6. North America Biomass Boiler Market Analysis, Insights and Forecast, 2026
7. Europe Biomass Boiler Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Biomass Boiler Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Biomass Boiler Market Analysis, Insights and Forecast, 2026
10. Latin America Biomass Boiler Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
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