The global Industrial Biomass Boiler Market is expected to grow at a CAGR of 19.9% over the forecast period i.e. 2020-2025. Further, biomass boiler market is anticipated to reach USD 11.8 billion globally by 2025.
Major competitors in the biomass boiler, market consist of ISGEC Heavy Engineering LTD., Hurst Boiler & Welding Co., KOREA MIURA Co, Ltd., Baxi Group, Foster Wheeler AG, and Lambion Energy Solutions GmbH.
Wood is not a new type of fuel, but the technology has improved considerably to make it more efficient .Domestic biomas boilers can be a budget saving replacement for gas or oil boilers and provide you with space heating and hot water. Biomass boilers have a 30-50% cost savings on fuel when compared to alternative options. This justifies the higher initial boiler cost as it is a long term investment. ISGEC stall at Boiler India 2020, Navi Mumbai, India 21 - 23 February 2020
September 29, 2020 – In August 2020, Miura Co., Ltd, with divisions in America and across the globe, expanded its manufacturing of safe, efficient, and sustainable industrial steam boilers to the Chinese market. To respond to the increasing demand for environmentally friendly alternatives to coal fuel and strengthen growth potential, Miura China acquired the new factory in January 2018 and completed renovation in May 2020. Located in the Sushu Industrial Park of Suzhou, China, the space will increase production capacity about 2.5 times of the previous plant and will function as the region’s factory headquarters.
August 19, 2020– Miura Steam Boilers are designed with a modular-styled boiler design, Miura’s industry-leading technology allows users to completely turn boilers off easily, or turn them on for full steam in less than five minutes; remarkable advantages that maximize efficiency, conserve resources, reduce emissions, and control fuel costs. Miura’s compactly-designed boilers offer several other advantages from easier installation to simpler operation and maintenance; plus the company’s remote monitoring is ideal as companies stagger work hours and reduce on-site labor. For in-demand industries like food processing and packaging, Miura boilers can be added quickly with the company’s exclusive Quick Ship Xpress program that can have a boiler delivered in about 48 hours and ready for fast installation.
Sept 2020- NTPC has invited bids for procurement of biomass pellets for its various thermal plants on domestic competitive basis (DCB) as part of its endeavour to reduce burning of crop residue on farmlands that cause air pollution. The power producer has envisaged consumption of five million tonnes of pellets in the current year at its 17 its power plants including NTPC Korba (Chhattisgarh), NTPC Farakka (West Bengal), and NTPC Dadri (Uttar Pradesh), NTPC Kudgi (Karnataka), NTPC Sipat (Chhattisgarh).
By Product Type, the market has segmented into Stoker Boilers, Bubbling Fluidized Bed (BFB) Boilers and Circulating Fluidized Bed (CFB) Boilers. By Application Heating and Power Generation. By region it has been segmented into North America, Europe, Asia-Pacific and Row. North America is the second largest market for biomass boiler owing to the rising awareness among the population to adopt energy saving solutions like biomass boiler to reduce greenhouse gas emission. Further, U.S. is the dominating country in this region. Asia-Pacific is predicted to be the fastest growing biomass boiler market over the forecast period.
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