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Jun 30, 2020 4:43 PM ET

Biomass Boiler Market: How to Leverage on Technology During Covid19 Crisis? Fortune Business Insights




iCrowd Newswire - Jun 30, 2020

Biomass Boiler Market Size, Share and Global Trend By Feedstock (Woody biomass, Forest residue, Agriculture, Biogas & Energy Crop, Urban Residue), By Type (Fully Automated Biomass Boiler, Semi-Automated Biomass Boiler, Combined Heat and Power System), By Application (Heating, Power Generation), By End-user (Residential, Commercial, Industrial), and Geography Forecast till 2026

The utilization of biomass boiler to reduce carbon emission by consuming wood dust, forest residue, and others is a factor driving the global biomass boiler market, says Fortune Business Insights in a report, titled “Biomass Boiler“Market Size, Share and Global Trend By Feedstock (Woody biomass, Forest residue, Agriculture, Biogas and Energy Crop, Urban Residue), By Type (Fully Automated Biomass Boiler, Semi-Automated Biomass Boiler, Combined Heat, and Power System), By Application (Heating, Power Generation), By End-user (Residential, Commercial, Industrial), and Geography Forecast till 2026. The increasing demand for biomass boiler for its carbon-neutral properties is expected to promote the global market.

 

Request a Sample Copy of the Global Market Research Reporthttps://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/biomass-boiler-market-100732

 

License Agreement Signed BandW Vølund Will Offer Growth Opportunities

 

Babcock and Wilcox Enterprises, Inc., a global leader in advanced energy and environmental technologies and services announced through its Denmark-based subsidiary, Babcock and Wilcox Vølund A/S, a licensing agreement. The agreement is aimed to provide water-cooled vibrating grate technology for biomass boilers to Thyssenkrupp Industries India Pvt. Ltd. on an exclusive basis for projects in Asian countries such as India, Nepal, Sri Lanka, Bangladesh, Myanmar, and Bhutan. The licensing agreement is predicted to back industrial biomass boilers owing to biomass combustion technology which would assist industrial and power users to produce clean renewable energy and thus benefit the environment by reducing carbon emissions.

 

Some of the major companies that are present in the biomass boiler market are

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Segmentation

 

1. By Feedstock

 

 

 

 

 

 

 

 

2. By Type

 

 

 

 

 

 

3. By Application

 

 

 

 

4. By End-user

 

 

 

 

 

5. By Geography

 

 

 

 

 

 

 

Have any Query? Speak to Analysthttps://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/biomass-boiler-market-100732

 

Furthermore, the deployment of circulating fluidized bed (CFB) boiler technology is also expected to support the growth of the market. For instance, Doosan Lentjes will deliver its circulating fluidized bed (CFD) boiler technology at a new biomass-based power plant located in Sodengaura, Chiba Prefecture, Japan. The project will be executed under the terms of a larger EP contract awarded to Lentjes’ parent company Doosan Heavy Industries and Construction (DHIC) headquartered in Korea. Moreover, Sumitomo SHI FW getting awarded for its design and supply is also predicted to boost biomass boiler market revenue. For instance, a contract was awarded by SK Engineering and Construction Co. Ltd. to Sumitomo SHI FW for its design and supply of SMG Energy’s SMG Boiler Power Plant to be located in Gunsan City in the Republic of Korea. The project is scheduled to start its commercial operation by December 2020.

 

Key Industry Developments

 

 

 

 

 

These developments witnessed in the global biomass boiler market will be crucial to its growth in the coming years.

 

Key Market Driver Low carbon emission and relatively lower fuel prices

 

Key Market Restraint Require considerably greater space and regular maintenance

 

Gain More Insights into the Market Research Reporthttps://www.fortunebusinessinsights.com/industry-reports/biomass-boiler-market-100732

 

Rising Adoption of Renewable Sources of Energy Will Facilitate Growth in North America

 

Geographically, the global biomass boiler market share is segmented between North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Rising adoption of green energy biomass renewables in European nations such as Germany, Sweden, Austria, and Finland for the production of electricity and heat is a factor expected to boost the biomass boiler market in the region. Furthermore, in order to address the threat of rising carbon emission, Europe is inclining more towards non-conventional energy, which in turn will accelerate biomass boiler market growth in the region. North America is predicted to grow at a significant rate during the forecast period owing to rising awareness towards the adoption of renewable sources of energy to reduce carbon emission. Asia Pacific is expected to rise at a considerable rate owing to the rapid urbanization, growing industrialization and adoption of green energy in countries such as India, Japan, and China. In Latin America, agricultural wastages are used as biomass fuel for electricity generation. The presence of key

 

Major Table of Content forBiomass Boiler Market:

 

 

 

 

 

 

 

 

 

 

 

 

An Overview of the Impact of COVID-19 on this Market:

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Click here to get the short-term and long-term impact of COVID-19 on this Market.

 

https://www.fortunebusinessinsights.com/industry-reports/biomass-boiler-market-100732

 

(Have a Look at Reports Trending in “Energy and Power“Industry)

 

View Related Reports:

 

Circuit Breaker Market: How will the Disruptions Created by Covid19 Affect the market ? Fortune Business Insights

 

Switchgear Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

 

About us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

Contact Us:

 

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Press Release Distributed by The Express Wire

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