June 27, 2019 - 8:30 AM EDT
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Global Industrial Biomass Boiler Market 2019-2023 | Growing Use of Pre-Treated Wooden Biomass to Boost Growth | Technavio

LONDON

The global industrial biomass boiler market is expected to post a CAGR close to 3% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global industrial biomass boiler market from 2019-2023. (Graphic: Business Wire)

Technavio has published a new market research report on the global industrial biomass boiler market from 2019-2023. (Graphic: Business Wire)

Sugar, rice, and pulp and paper mills are power-intensive industries, and most of these mills have a captive power plant, as they generate a large amount of agricultural residue and wooden biomass. Hence, capacity additions in these industries increase demand for biomass boilers. Moreover, the global pulp and paper industry is also expected to grow steadily during the forecast period. Although the need for graphics paper is almost stagnant, the demand for pulp and paper products for packaging material is increasing. Hence, many paper mills are being set up globally. Therefore, such factors are expected to increase demand for biomass boilers, globally, during the forecast period.

As per Technavio, the growing use of pre-treated wooden biomass will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global industrial biomass boiler market 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global industrial biomass boiler market: Growing use of pre-treated wooden biomass

Wooden biomass is one of the most used fuels in biomass power plants, as adequate amounts of renewable wooden biomass are widely available across the globe at competitive prices. However, the transportation cost of biomass feedstock to the industrial site is usually very high. It is because the calorific value of untreated biomass is lower than that of the coal or natural gas. Hence, a large volume of wooden biomass is required to be transported to a power plant, which increases the transportation cost. This problem can be solved by steam treatment of the wooden biomass. This method allows for producing durable and water-resistant pellets or briquettes. These pellets termed as steam exploded pellets, offer cost-effective long-distance transportation due to their high calorific value. Therefore, vendors offer steam treatment systems to produce steam exploded pellets. Thus, the growing availability of high-quality wooden-biomass should increase adoption of industrial biomass boilers.

“Wooden biomass such as pellets, chips, and sawdust; and agricultural residues such as bagasse and rice husk are the sources of biomass. Hence, biomass is considered as a sustainable energy source, as it prevents uncontrolled emission of methane and helps maintain the balance of carbon in the environment. As a result, this is leading several governments to make biomass an integral part of their energy policies. Hence, power producers feel encouraged to invest in biomass power plants, which in turn is expected to drive the growth of the global industrial biomass boiler market,” says a senior analyst at Technavio.

Global industrial biomass boiler market: Segmentation analysis

This market research report segments the global industrial biomass boiler market by end-users (biorefineries, pulp and paper, sugar mills, rice mills, and others) and geographical regions (Europe, APAC, North America, South America, and MEA).

The European region led the market in 2018, followed by APAC, North America, South America, and MEA, respectively. During the forecast period, the European region is expected to maintain its dominance over the global market and register the highest incremental growth due to the EU funding research projects to enhance the technological capabilities of power plants.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
www.technavio.com


Source: Business Wire (June 27, 2019 - 8:30 AM EDT)

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