Huge untapped biomass potential will drive the growth of the global biomass boiler market until 2020, says technavio _ business wire



— Americas




Source: Technavio research

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EMEA: largest region for the global biomass boiler market

The biomass boiler market in EMEA was valued at USD 832.2 million in

2015. The region is expected to continue its lead in the global biomass

boilers market as carbon emission restrictions are expected to become

more stringent over the forecast period.

Many countries in the region have renewable energy targets and are

supported by their governments through incentives and mandates for

renewable technology in individual building and district heating

centers. The EU’s mission of cutting its greenhouse gas (GHG) emissions

by at least 40% by 2030 compared to 1999 is bringing steady investments

in renewable technologies. In addition, tax is levied on carbon

emissions, which is driving the use of renewable energy in many sectors.

To cope with these taxes, district heating centers are also switching to

biomass boilers.

Americas: second largest region for the global biomass boiler market

Biomass boiler market in the Americas was valued at USD 796.2 million in

2015. A major portion of the demand for biomass for heating comes from

the industrial and commercial sectors. These sectors use high capacity

boilers with high loads to fulfill their heating needs. A large amount

of feedstock is available in the region, creating a huge potential

market for boilers.

In the US, the biomass thermal utilization act of 2013 provides tax

incentives for boilers that have an efficiency of above 75%, which can

be used in residential, commercial, and industrial buildings. Though the

region has high implementation rate of bio-based sources in the power

and transport sectors, there is a high potential for biomass in the

heating sector as well.

Biomass boiler market in APAC

The biomass boiler market in APAC was valued at close to USD 671.6

billion in 2015. Asia has become the largest investor in renewable

energy as it includes some of the fast growing economies such as India,

China, Singapore, and Vietnam, where the need for power has increased

drastically. Rising pollution due to the excess use of fossil fuels has

made the use of renewable energy a priority in the region.

Growing concerns regarding the volatile prices of crude oil, population

density, and energy consumption have resulted in energy insecurities in

many countries in APAC. Countries such as China and India are therefore

shifting their focus toward biomass for heating, as they have large

amounts of arable land available for biomass cultivation. The need for

producing heat without increasing carbon emissions and implementation of

stringent building norms attract district heating centers to adopt

biomass boilers.

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