The rapid advancement of industry has resulted in an increase in electricity demand. Biomass Boilers have become an essential piece of industrial and household equipment due to the need for uninterrupted power demand and peak and continuous power requirements. Biomass Boilers are equipment that convert mechanical energy into optimal electrical power for a variety of applications. To properly create and manage current, a biomass boiler unit has many components such as an engine, fuel system, alternator, main assembly, cooling & exhaust system, and others.
MARKET DYNAMICS
Growing investments in constructing new advanced industrial sector establishments, as well as upgrading existing ones, are likely to propel this market forward. Additionally, the demand for biomass boilers is boosted by rising national building investment on energy-efficient infrastructure. For instance, the United States Census Bureau stated in August 2020 that spending on public buildings in the United States was USD 353.3 billion in June 2020, up from USD 332.8 billion in 2019. This is projected to boost the market for biomass boiler sales.
MARKET SCOPE
The "Global Biomass Boiler Market Analysis to 2028" is a specialized and in-depth study of the biomass boiler market with a special focus on the global market trend analysis. The report aims to provide an overview of the biomass boiler market with detailed market segmentation by power rating, fuel type, application, end user and geography. The global biomass boiler market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biomass boiler market players and offers key trends and opportunities in the biomass boiler market.
MARKET SEGMENTATION
The global biomass boiler market is segmented based on power rating, fuel type, application, and end user. Based on power rating, biomass boiler market is segmented into Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA. Based on fuel type, biomass boiler market is segmented into diesel, gas, and others. Based on application, biomass boiler market is segmented into continuous load, peak load, and stand by load. Based on end user, biomass boiler market is segmented into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, telecom, utility, and others.
IMPACT OF COVID-19 ON BIOMASS BOILER MARKET
The unexpected breakout of the new coronavirus has severely disrupted global industrial activities. The number of instances affected has been steadily increasing, prompting several countries to implement a variety of countermeasures such as national lockdowns and social isolation. As a result of the global pandemic, the shutdown of industrial operations has had a significant impact on the market. Growing apprehensions about investing in new projects, restrictions on cross-border trade, deficiencies in required capitals, preventive government measures lowering the workforce, and a slew of other obstacles have all hampered the industry's expansion. For example, the International Energy Agency (IEA) predicted in May 2020 that global investment in the oil and gas industry would plummet by around 33% in 2020 compared to the previous year due to the global financial crisis.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Biomass Boiler Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Biomass Boiler Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Biomass Boiler Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the biomass boiler market in these regions.
MARKET PLAYERS
The reports cover key developments in the biomass boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from biomass boiler market are anticipated to lucrative growth opportunities in the future with the rising demand for biomass boiler market. Below mentioned is the list of few companies engaged in the biomass boiler market.
The report also includes the profiles of key biomass boiler market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Rolls-Royce
-Caterpillar Inc.
-Atlas Copco
-MAN Energy Solutions
-Zwart Techniek
-Cummins Inc.
-Wacker Neuson
-Himoinsa
-Kohler-SDMO
-Inmesol S.L.U.