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Industrial Biomass Boiler Market by Type (Wooden Biomass, Agricultural Residue) by Application (Biorefineries, Pulp and paper, Sugar Mills, Rice Mills, Others)- Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Name: Industrial Biomass Boiler Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2022-02-11
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Industrial Biomass Boiler Market

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Industrial Biomass Boiler Market Analysis

Biomass boilers are primarily used to generate heat and are also regarded as heating systems. These boilers are used in huge businesses or industries, such as fisheries, hotels, and chemicals. In addition, biomass boilers take up forest waste such as logs, branches, and woods and burn them to generate heat.

Since they’re highly effective in generating sufficient heat, biomass boilers are also used to reduce greenhouse gas emissions due to their lack of carbon. In addition, biomass boilers are used for generating biomass fuel and electricity. Since the latter two are witnessing an increase in demand, the demand for industrial biomass boilers is also expected to grow.

The Global Industrial Biomass Boiler market is expected to witness a CAGR of 9.13% during the forecast period. The revenue generated by the global Industrial Biomass Boiler market in 2021 was over USD 2,908.30 million and is expected to generate revenue worth USD 5,896.45 million in 2028. Therefore, the incremental growth opportunity offered by the global Industrial Biomass boilers is estimated to be USD 33.15 billion between 2022 and 2028.

Interesting Facts about Industrial Biomass Boiler Industry

146 billion metric tons of biomass are generated every year around the world
Europe is leading the growth of Industrial Biomass Boiler
Germany leading solid biomass generation
Industrial biomass boiler cost ranges from USD 17.5 K to USD 30 K
S. is a second leading market for biomass boilers

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Increasing Environmental Concerns

Greenhouse gas emissions have been on the rise lately. This fact is quite alarming for the World Health Organization (WHO) and United Nations (UN). Since the increase in such emissions is endangering the planet, the UN has encouraged biomass boilers’ growth to reduce these emissions. In addition, waste management is also looked into since the world is moving to renewable energy sources.

The demand for sustainable products increases, causing industrial biomass boilers’ demand curve to shift to the right. As a result, the fitting curve represents a spike in demand, getting a green signal from giant corporations like WHO to use equipment like the biomass boiler to reduce emissions and generate renewable energy.

Increasing Governments Support

The major driving factor increasing the biomass boiler market’s demand is the government’s efforts to reduce carbon energy and depend on fossil fuels. Another factor is the introduction of boiler standards, further helping this market grow. However, since the biomass boiler is used in other industries, such as the food industry, its market is growing because of food-industry-related factors.

People’s consumption of food items (processed or unprocessed) is helping food industries expand globally, which is, in turn, allowing the industrial biomass boiler market to rise. The more the food industry depends on industrial equipment such as biomass boilers, their demand will increase. However, that isn’t the only reason. The overall scope of industrialization worldwide has helped sell more industrial evaporators than one can imagine.

Every industry, chemical, pharmaceutical, or mineral, needs industrial biomass boilers to make their finished goods. Many of these products are supplied for other purposes and exported worldwide. The higher a country’s exports, the more revenue it will generate, putting more back into the economy. The trade balance will be in a surplus, which will help the economy even more. Since people in industries realize this, they’re doubling the use of industrial biomass boilers.

Wooden Biomass Boilers to Lead

Wooden Biomass and Agricultural Residue are significant types of Industrial Biomass boilers based on fuel type. Wooden biomass is leading the demand for Industrial Biomass boilers due to the abundance of wooden biomass waste. Biorefineries, Pulp and Paper, Sugar Mills, Rice Mills, and Others are significant types of Industrial Biomass boilers. Pulp and paper segment dominating the industry for Industrial Biomass Boiler.

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Environmental Concerns

A major recurring drawback in the industrial biomass boiler market is entering toxic and dirty particles that result in the whole plant shutting down. This halts the production of other items for which biomass boilers are used. Hence, this also slows down the sale of more boilers.

This issue is causing many problems in the biomass boiler market. If people in charge take care of this problem, industrial biomass boilers will do quite well commercially, increasing their use and, therefore, the growth of the overall market. However, the Environmental Protection Agency is on top of this issue, and the growth of the biomass boiler market is expected to increase in the forecasted period.

Some of the key players operating the global Industrial Biomass Boiler include Andritz AG, Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang Electric Corp., Doosan Heavy Industries & Construction Co. Ltd., General Electric Co., Isgec Heavy Engineering Ltd., Thermax Ltd., Valmet Oyj, and Xizi United Holdings Ltd.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation
2.Executive Summary
2.1.Market Snapshot: Global Industrial Biomass Boiler Market
3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Industrial Biomass Boiler Market Value, 2016-2028, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2021
3.3.1.Type
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2021
4.1.Company market share of key players, 2021
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Industrial Biomass Boiler Market Pre Vs Post COVID 19, 2019 – 2028
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
6.2.1.Overview
6.2.2.Wooden Biomass
6.2.3.Agricultural Residue
6.3.North America Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
6.3.1.Overview
6.3.2.Biorefineries
6.3.3.Pulp and paper
6.3.4.Sugar Mills
6.3.5.Rice Mills

7.Europe
7.1.Europe Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
7.2.1.Overview
7.2.2.Wooden Biomass
7.2.3.Agricultural Residue
7.3.Europe Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
7.3.1.Overview
7.3.2.Biorefineries
7.3.3.Pulp and paper
7.3.4.Sugar Mills
7.3.5.Rice Mills

8.Asia Pacific
8.1.Asia Pacific Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
8.2.1.Overview
8.2.2.Wooden Biomass
8.2.3.Agricultural Residue
8.3.Asia Pacific Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
8.3.1.Overview
8.3.2.Biorefineries
8.3.3.Pulp and paper
8.3.4.Sugar Mills
8.3.5.Rice Mills

9.Latin America
9.1.Latin America Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
9.2.1.Overview
9.2.2.Wooden Biomass
9.2.3.Agricultural Residue
9.3.Latin America Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
9.3.1.Overview
9.3.2.Biorefineries
9.3.3.Pulp and paper
9.3.4.Sugar Mills
9.3.5.Rice Mills

10.Middle East
10.1.Middle East Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
10.2.1.Overview
10.2.2.Wooden Biomass
10.2.3.Agricultural Residue
10.3.Middle East Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
10.3.1.Overview
10.3.2.Biorefineries
10.3.3.Pulp and paper
10.3.4.Sugar Mills
10.3.5.Rice Mills

11.Africa
11.1.Africa Industrial Biomass Boiler Market, by Country, 2016-2028(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Industrial Biomass Boiler Market, by End-user, 2016-2028(US$ Bn)
11.2.1.Overview
11.2.2.Wooden Biomass
11.2.3.Agricultural Residue
11.3.Africa Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
11.3.1.Overview
11.3.2.Biorefineries
11.3.3.Pulp and paper
11.3.4.Sugar Mills
11.3.5.Rice Mills

12.Global
12.1.Global Industrial Biomass Boiler Market, by Type, 2016-2028(US$ Bn)
12.1.1.Overview
12.1.2.Wooden Biomass
12.1.3.Agricultural Residue
12.2.Global Industrial Biomass Boiler Market, by Application, 2016-2028(US$ Bn)
12.2.1.Overview
12.2.2.Biorefineries
12.2.3.Pulp and paper
12.2.4.Sugar Mills
12.2.5.Rice Mills

13.Company Profiles
13.1.Andritz AG
13.2.Babcock & Wilcox Enterprises Inc.
13.3.Bharat Heavy Electricals Ltd.
13.4.Dongfang Electric Corp.
13.5.Doosan Heavy Industries & Construction Co. Ltd.
13.6.General Electric Co.
13.7.Isgec Heavy Engineering Ltd.
13.8.Thermax Ltd.
13.9.Valmet Oyj
13.10.Xizi United Holdings Ltd.
13.11.Others

List of Figures

FIG. 1Global Industrial Biomass Boiler Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Industrial Biomass Boiler Market Segmentation
FIG. 4Global Industrial Biomass Boiler Market, by Type, 2019 (US$ Bn)
FIG. 5Global Industrial Biomass Boiler Market, by Application, 2021 (US$ Bn)
FIG. 6Global Industrial Biomass Boiler Market, by Geography, 2021 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2021
FIG. 8Global Market Positioning of Key Industrial Biomass Boiler Market Manufacturers, 2019
FIG. 9Global Industrial Biomass Boiler Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10Global Industrial Biomass Boiler Market, by Wooden Biomass, Value, 2016-2028 (US$ Bn)
FIG. 11Global Industrial Biomass Boiler Market, by Agricultural Residue, Value, 2016-2028 (US$ Bn)
FIG. 12Global Industrial Biomass Boiler Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 13Global Industrial Biomass Boiler Market, by Sugar Mills, Value, 2016-2028 (US$ Bn)
FIG. 14Global Industrial Biomass Boiler Market, by Biorefineries, Value, 2016-2028 (US$ Bn)
FIG. 15Global Industrial Biomass Boiler Market, by Pulp and paper, Value, 2016-2028 (US$ Bn)
FIG. 16Global Industrial Biomass Boiler Market, by Rice Mills, Value, 2016-2028 (US$ Bn)
FIG. 17U.S. Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 18Rest of North America Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 19U.K. Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 20Germany Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 21France Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 22Italy Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 23Spain Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 24Russia Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 25BENELUX Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 26Poland Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 27Austria Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 28Rest of Europe Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 29Japan Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 30China Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 31India Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 32South Korea Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 33Australia Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 34Southeast Asia Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 35Rest of Asia Pacific Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 36Middle East & Africa Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 37South Africa Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 38Nigeria Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 39Egypt Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 40GCC Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 41Israel Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 42Latin America Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 43Mechanicalzil Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 44Argentina Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 45Colombia Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 46Peru Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)
FIG. 47Chile Industrial Biomass Boiler Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Beauty Devices (Industrial Biomass Boiler) Market
TABLE 2Global Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 3Global Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 4Global Industrial Biomass Boiler Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5North America Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 6North America Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 7North America Industrial Biomass Boiler Market, by Country, 2016-2028 (US$ Bn)
TABLE 8Europe Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 9Europe Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 10Europe Industrial Biomass Boiler Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11Asia Pacific Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 12Asia Pacific Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 13Asia Pacific Industrial Biomass Boiler Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14Latin America Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 15Latin America Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 16Latin America Industrial Biomass Boiler Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17Middle East Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 18Middle East Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 19Middle East Industrial Biomass Boiler Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20Africa Industrial Biomass Boiler Market, by Type, 2016-2028 (US$ Bn)
TABLE 21Africa Industrial Biomass Boiler Market, by Application, 2016-2028 (US$ Bn)
TABLE 22Africa Industrial Biomass Boiler Market, by Country/Region, 2016-2028 (US$ Bn)

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Frequently Asked Questions

How COVID 19 Impacted Industrial Biomass Boiler Market?

Likewise other industries, COVID 19 also taken a toll on Industrial Biomass Boiler market with around 9.61% decline in its revenue in 2020 as compare to 2019

Which is the leading regional market for Industrial Biomass Boiler?

Europe is the largest regional market with highest share in the total volume of Industrial Biomass Boiler consumed in 2021

What is the major growth driving factors for global Industrial Biomass Boiler market?

Increasing availability of biomass, concern related to waste management and government support are major factor driving the demand for Industrial Biomass Boiler

Which is major segment in Industrial Biomass Boiler market by Type?

Wooden Biomass dominated the Industrial Biomass Boiler market in 2021 with over 55% share

Which is major segment in Industrial Biomass Boiler market by application?

Pulp and Paper and Sugar Mills was the largest application of Industrial Biomass Boiler in 2021 with over 40% share

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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