Biomass Boiler Market, Share, Growth and Analysis by Demand, Forecast, Market Challenges
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The Global Biomass Boiler Market is projected to grow from USD 7.2 billion in 2021 to USD 15.4 billion by 2030 at a CAGR of 12.77% during the forecast period.
logs, or wood pellets are burned in biomass boilers to generate heat for water or power heating. They are well-known for releasing less carbon dioxide into the atmosphere. Commercial buildings, district heating, colleges, hospitals, hotels, farms, community centers, and families are all places where biomass boilers are employed.
LIST OF KEY COMPANIES PROFILED: Babcock & Wilcox Enterprises, Inc. John Wood Group PLC Thermax Limited. Siemens IHI Corporation Doosan Heavy Industries
REGIONAL INSIGHTS
The Global Biomass Boiler Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The European Union is supporting renewable energy as a means of increasing green energy adoption. Biomass renewables are being widely used in countries such as Germany, Sweden, Austria, and Finland for the production of power and heat. To combat the rising threat of carbon emissions, European countries are increasingly turning to non-conventional energy, indicating that the biomass boiler will rise in popularity in Europe.
North America is a rising market for biomass boilers as people become more aware of the importance of using renewable energy sources to minimize carbon emissions. Due to rapid urbanization, expanding industry, and green energy adoption in countries such as India, Japan, and China, Asia Pacific is expected to be the fastest growing market for biomass boilers.
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