The report, now available on ASDReports, recognizes the following companies as the key players in the Global Biomass Boiler Market: Alstom, Amec Foster Wheeler, Baxi, Ecovision, and Hurst.
Other Prominent Vendors in the market are: Advanced Recycling Equipment, Kohlbach Group, ETA Heiztechnik, Babcock & Wilcox, and Zhengzhou Boiler.
Commenting on the report, an analyst said: “Increasing investments and government regulations encourage development of new technologies in the sector such as advanced temperature control, automatic feeding of fuel, and catalytic combustors. Biomass is gaining popularity as an efficient and renewable carbon-neutral fuel to reduce emissions. With developments in technology, the production of heat and power using a biomass boiler has become easier.”
According to the report, the increasing cost of heating, along with fluctuating fuel prices, has compelled people to look for alternative sources of heating. The need for alternative sources of heating is also driven by the awareness about carbon emissions from conventional fuels. The governments in various countries have enacted legislations to support renewable resource-based energy generation.
Further, the report states that rising raw material costs are leading to a surge in the prices of boiler components such as rotary valves, boiler hardware, boiler induced draft fans, and bend ducting. Though the government supports end-users to implement biomass by offering incentives and subsidies, the duration to recover the total investment is long, affecting the demand for biomass.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Mar 14, 2016