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The globalindustrial biomass boilers market presents a highlyfragmented vendor landscape, with none of the large companies holding more than10% of the overall market as of 2015, observes Transparency Market Research(TMR) in a recent report. A large network of biomass suppliers commands astrong hold on the market, collectively holding over 59% of the market in 2015.To thrive in the intensely competitive market, neatly formulated strategies tocontrol supply chain from manufacturing to end sales and collaborations withinfluential vendors can prove to be beneficial for companies operating in theindustrial biomass market.
Improvementin yielding capacity and proper selection of transformation and separationprocesses could also prove effective in quality improvement and cost reductionof products, allowing companies to have an upper hand over competitors.Suppliers of biomass in serving the industrial biomass boilers market couldbenefit from optimization of transportation to improve their profit margins,suggests TMR.
TMRestimates that the global industrial biomass boiler market, which held anopportunity of US$68.2 bn in 2015, will expand at an impressive 11.1% CAGR from2016 to 2025, rising to a valuation of US$68.2 bn in 2015.
EuropeMarket for Industrial Biomass Boilers Market to Continue its Bullish Run
Of the keyapplications of industrial biomass boilers examined in the report, includingpulp and paper industry, power generation, combined heat and power (CHP)production, and brewery industry, the segment CHP presently holds the maximumshare in cumulative revenue of the global market. The segment accounted for apromising 24% of the overall market in 2015 and is likely to hold on to its toppost, chiefly owing to its high energy efficiency level of as much as 80%.
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In terms ofgeography, the market for industrial biomass boilers in Europe is overshadowingother the growth of the market in other prominent regions. The region, chieflyon account of its ambitious emission reduction plans, has instigated bullishrules and regulations aimed at curbing pollution-inducing operations andactivities and encouraging the increased use of bio-based energy products atindustrial level. Although North America beat the Europe industrial biomassboilers market in terms of installed biomass boilers capacity in 2015, thelatter is expected to emerge as the most promising grounds for investment,charting an impressive 16.9% CAGR through 2015-2023 in terms of valuation.
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Fiscal Incentives and Feed-inTariffs by Governments Bolstering Adoption of Industrial Biomass Boilers
A number offactors are fusing together, forming veritable grounds for the promisingdevelopment of the global industrial biomass boilers market. These include thehigh rate of economic and industrial development, especially in severaldeveloping regions, and the increased concern regarding the polluting nature ofindustrial boilers powered by fossil fuels. Such conventionally poweredindustrial boilers being a key propeller of environmentally harmful gases suchas CO2, government bodies are increasingly encouraging the increases use ofbio-based power sources to ramp up their environment-friendliness quotient.
Constantattempts in this regards, in the form of favorable regulations and policiessupporting biomass-fed boilers, feed-in tariffs, and tax incentives, areencouraging the increased employment of biomass boilers at industrial level.Strict boiler standards and emission regulations are also supporting theincreased adoption of biomass boilers across industries.
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