Industrial Biomass Boiler Market Introduction and Overview
According to SPER Market Research, the Global Industrial Biomass Boiler Market is estimated to reach USD 344.28 million by 2033 with a CAGR of 4.29%.
The report includes an in-depth analysis of the Global Industrial Biomass Boiler market, including market size and trends, product mix, distribution channels, and supplier analysis. Boilers that use biomass as a fuel source to produce steam or hot water for industrial processes are known as industrial biomass boilers. They're made to take the place of conventional boilers that run on fossil fuels and offer environmentally friendly heating options. An appealing substitute for businesses aiming to lower their carbon emissions and meet energy conservation targets are biomass boilers.
Market Opportunities and Challenges
Opportunities: The market for industrial biomass boilers has expanded as a result of governments in developed and developing nations placing an increasing emphasis on promoting the use of renewable energy. The use of industrial biomass boilers has increased as a result of numerous tax breaks and feed-in tariffs that governments have extended to a diverse range of businesses. Stricter boiler regulations have also had a positive impact on the expansion of the market. The market for industrial biomass boilers is projected to grow in the coming years due to the increasing significance of sustainable technology and environmentally friendly fuels in various industrial heating applications.
Challenges:
- High Starting Investment: When installing a biomass boiler system, the initial outlay may be more than that of more conventional fossil fuel-based systems. This may discourage some sectors of the economy from implementing biomass boilers, especially smaller businesses with tighter budgets.
- The fuel Supply and Transportation: To ensure a consistent and dependable fuel source, biomass fuel supply chains can be complicated and require careful management. Biomass fuel availability and logistics can be difficult, particularly in isolated places.
Market Competitive Landscape
The Industrial Biomass Boilers market is highly consolidated due to the existence of numerous players operating both internationally and regionally. Andritz AG, Babcock & Wilcox Enterprises Inc, General Electric Company, Thermax Ltd., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., Thermax Ltd., Others. These are the major companies for Industrial Biomass Boiler Market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Andritz AG, Babcock & Wilcox Enterprises Inc, General Electric Company, Thermax Ltd., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., Thermax Ltd., Others |
COVID-19 Impact on Global Industrial Biomass Boiler Market
The COVID-19 pandemic had a major effect on the global industrial biomass boiler market. The epidemic caused supply chain hiccups that impeded the manufacture and delivery of industrial biomass boilers. Lockdown procedures, social distancing guidelines, and labor restrictions put in place to stop the virus's spread directly impacted manufacturing operations, causing delays and lower output levels. Furthermore, the pandemic's financial constraints and economic uncertainty caused businesses to reduce their investments and postpone planned projects, which in turn affected the market for industrial biomass boilers. Demand for industrial biomass boilers in the energy sector fluctuated as a number of industries reduced their output or temporarily shut down.
Key Target Audience
- Manufacturers and Suppliers
- Investors and Financial Institutions
- Government and Regulatory Bodies
- Research and Development Professionals
- Energy Sector Companies
- Environmental Organizations
- Construction and Engineering Firms
- End-User Industries (e.g., Manufacturing, Food & Beverage, Chemicals)
Our in-depth analysis of the Industrial Biomass Boiler Market includes the following segments:
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By Type:
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Stoker Boilers
Fluidized Bed Boilers
Others
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By Application:
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Pulp & Paper
Textile
Food Processing
Others
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Global Industrial Biomass Boiler Market Size (FY’2023-FY’2033)
- Overview of Global Industrial Biomass Boiler Market
- Segmentation of Global Industrial Biomass Boiler Market By Type (Stoker Boilers, Fluidized Bed Boilers, Others)
- Segmentation of Global Industrial Biomass Boiler Market By Application (Pulp & Paper, Textile, Food Processing, Others)
- Statistical Snap of Global Industrial Biomass Boiler Market
- Expansion Analysis of Global Industrial Biomass Boiler Market
- Problems and Obstacles in Global Industrial Biomass Boiler Market
- Competitive Landscape in the Global Industrial Biomass Boiler Market
- Impact of COVID-19 and Demonetization on Global Industrial Biomass Boiler Market
- Details on Current Investment in Global Industrial Biomass Boiler Market
- Competitive Analysis of Global Industrial Biomass Boiler Market
- Prominent Players in the Global Industrial Biomass Boiler Market
- SWOT Analysis of Global Industrial Biomass Boiler Market
- Global Industrial Biomass Boiler Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Industrial Biomass Boiler Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Biomass Boiler Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Biomass Boiler Market
7. Global Industrial Biomass Boiler Market, By Type (USD Million)
7.1. Global Industrial Biomass Boiler Market Value Share and Forecast, By Type, 2023-2033
7.2. Stoker Boilers
7.3. Fluidized Bed Boilers
7.4. Others
8. Global Industrial Biomass Boiler Market, By Application (USD Million)
8.1. Global Industrial Biomass Boiler Market Value Share and Forecast, By Application, 2023-2033
8.2. Pulp & Paper
8.3. Textile
8.4. Food Processing
8.5. Others
9. Global Industrial Biomass Boiler Market Forecast, 2019-2033 (USD Million)
9.1. Global Industrial Biomass Boiler Market Size and Market Share
10. Global Industrial Biomass Boiler Market, By Type, 2019-2033 (USD Million)
10.1. Global Industrial Biomass Boiler Market Size and Market Share By Type (2019-2026)
10.2. Global Industrial Biomass Boiler Market Size and Market Share By Type (2027-2033)
11. Global Industrial Biomass Boiler Market, By Application, 2019-2033 (USD Million)
11.1. Global Industrial Biomass Boiler Market Size and Market Share By Application Type (2019-2026)
11.2. Global Industrial Biomass Boiler Market Size and Market Share By Application Type (2027-2033)
12. Global Industrial Biomass Boiler Market, By Region, 2019-2033 (USD Million)
12.1. Global Industrial Biomass Boiler Market Size and Market Share By Region (2019-2026)
12.2. Global Industrial Biomass Boiler Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Andritz AG,
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Babcock & Wilcox Enterprises Inc
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. General Electric Company,
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Thermax Ltd.,
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Dongfang Electric Corp.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Doosan Heavy Industries & Construction Co. Ltd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Thermax Ltd.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
