Market Overview:
The global biomass power equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising concerns about climate change and greenhouse gas emissions. The biomass power equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into boilers, burners, turbines, generators, and others. The boilers segment is expected to hold a major share in terms of revenue in 2018 owing to their high efficiency and low emissions as compared to other types of biomass power equipment. On the basis of application, the market is divided into residential, industrial commercial segments. The industrial sector dominated this market in 2017 with a share of more than 50%.
Product Definition:
The definition of biomass power equipment is any type of machinery used to generate energy from biomass sources. Biomass power equipment can include anything from large-scale turbines to small-scale generators, and its importance lies in its ability to convert renewable resources into usable energy.
Boilers:
Boilers is one of the major power generation sources used in biomass power equipment. It is a part of energy production from waste materials and natural resources. The main function of boilers is to convert the thermal energy obtained from fuels into mechanical work or heat & steam.
The boiler's growth factor in the market for biomass power equipment depends on various factors such as feedstock type, end-use application, regional presence, and competitive landscape among others.
Burners:
A burners is a device used to convert solid or liquid fuel into a high temperature flame. It can be used in gas engines, diesel engines, furnaces, boilers and stoves among others. The heat source can be an external combustion engine (ECE), hot air or steam from the boiler.
The biomass power equipment market majorly uses burners for electricity generation owing to their ability to efficiently convert waste fuels into energy.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. Rapid industrialization, particularly in developing countries such as China, India and Brazil is expected to increase demand for energy efficient equipment that results in increased adoption of biomass power equipment across industries.
Rapidly growing population along with rising disposable income levels has resulted in an increasing number of households adopting electricity as a utility source for their homes. This trend is expected to drive residential applications significantly over the forecast period thereby contributing towards significant market growth during the study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of biomass power plants, which are either under construction or being developed. China is anticipated to be one of the key countries driving regional growth through new installations as well as expansions at existing facilities.
The European market for biomass power equipment was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to growing concerns regarding climate change, rising greenhouse gas emissions, and dependence on non- renewable sources for energy production. In addition, increasing government support towards development of clean energy resources will drive demand over the coming years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power generation from conventional sources such as coal, oil, and natural gas
- Rising prices of conventional fuels used for power generation
- Availability of biomass feedstocks due to agricultural residues and forestry byproducts
- Government subsidies and incentives for deployment of biomass-based power projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Biomass Power Equipment Market Research Report
By Type
Boilers, Burners, Turbines, Generators, Others
By Application
Residential, Industrial, Commercial
By Companies
General Electric, Siemens Energy, JFE Engineering, Sumitomo Heavy Industries, Babcok & Wilcox Enterprises, China Western Power Industrial, Takuma, SHINKO, Mitsubishi Hitachi Power Systems, Valmet, General Electric, Polytechnik, Hangzhou Boiler, Kohlbach Group, ANDRITZ, Zhengzhou Boiler, Hurst Boiler & Welding, Wellons, DP CleanTech, Energy Innovations, Justsen Energiteknik, Shanghai Industrial Boiler, Garioni Naval, LAMBION Energy Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Biomass Power Equipment Market Report Segments:
The global Biomass Power Equipment market is segmented on the basis of:
Types
Boilers, Burners, Turbines, Generators, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Industrial, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Siemens Energy
- JFE Engineering
- Sumitomo Heavy Industries
- Babcok & Wilcox Enterprises
- China Western Power Industrial
- Takuma
- SHINKO
- Mitsubishi Hitachi Power Systems
- Valmet
- General Electric
- Polytechnik
- Hangzhou Boiler
- Kohlbach Group
- ANDRITZ
- Zhengzhou Boiler
- Hurst Boiler & Welding
- Wellons
- DP CleanTech
- Energy Innovations
- Justsen Energiteknik
- Shanghai Industrial Boiler
- Garioni Naval
- LAMBION Energy Solutions
Highlights of The Biomass Power Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boilers
- Burners
- Turbines
- Generators
- Others
- By Application:
- Residential
- Industrial
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biomass Power Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biomass power equipment is a type of power plant that uses biomass to generate electricity. Biomass can be any organic material, such as wood, crop residue, or municipal waste. The most common types of biomass plants use wood chips or pellets to produce energy.
Some of the major players in the biomass power equipment market are General Electric, Siemens Energy, JFE Engineering, Sumitomo Heavy Industries, Babcok & Wilcox Enterprises, China Western Power Industrial, Takuma, SHINKO, Mitsubishi Hitachi Power Systems, Valmet, General Electric, Polytechnik, Hangzhou Boiler, Kohlbach Group, ANDRITZ, Zhengzhou Boiler, Hurst Boiler & Welding, Wellons, DP CleanTech, Energy Innovations, Justsen Energiteknik, Shanghai Industrial Boiler, Garioni Naval, LAMBION Energy Solutions.
The biomass power equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biomass Power Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biomass Power Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biomass Power Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biomass Power Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biomass Power Equipment Market Size & Forecast, 2018-2028
4.5.1 Biomass Power Equipment Market Size and Y-o-Y Growth
4.5.2 Biomass Power Equipment Market Absolute $ Opportunity
Chapter 5 Global Biomass Power Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biomass Power Equipment Market Size Forecast by Type
5.2.1 Boilers
5.2.2 Burners
5.2.3 Turbines
5.2.4 Generators
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biomass Power Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biomass Power Equipment Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Industrial
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biomass Power Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biomass Power Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biomass Power Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Biomass Power Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biomass Power Equipment Market Size Forecast by Type
9.6.1 Boilers
9.6.2 Burners
9.6.3 Turbines
9.6.4 Generators
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biomass Power Equipment Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Industrial
9.10.3 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biomass Power Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Biomass Power Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biomass Power Equipment Market Size Forecast by Type
10.6.1 Boilers
10.6.2 Burners
10.6.3 Turbines
10.6.4 Generators
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biomass Power Equipment Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Industrial
10.10.3 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biomass Power Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biomass Power Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biomass Power Equipment Market Size Forecast by Type
11.6.1 Boilers
11.6.2 Burners
11.6.3 Turbines
11.6.4 Generators
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biomass Power Equipment Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Industrial
11.10.3 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biomass Power Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Biomass Power Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biomass Power Equipment Market Size Forecast by Type
12.6.1 Boilers
12.6.2 Burners
12.6.3 Turbines
12.6.4 Generators
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biomass Power Equipment Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Industrial
12.10.3 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biomass Power Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biomass Power Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biomass Power Equipment Market Size Forecast by Type
13.6.1 Boilers
13.6.2 Burners
13.6.3 Turbines
13.6.4 Generators
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biomass Power Equipment Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Industrial
13.10.3 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biomass Power Equipment Market: Competitive Dashboard
14.2 Global Biomass Power Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Siemens Energy
14.3.3 JFE Engineering
14.3.4 Sumitomo Heavy Industries
14.3.5 Babcok & Wilcox Enterprises
14.3.6 China Western Power Industrial
14.3.7 Takuma
14.3.8 SHINKO
14.3.9 Mitsubishi Hitachi Power Systems
14.3.10 Valmet
14.3.11 General Electric
14.3.12 Polytechnik
14.3.13 Hangzhou Boiler
14.3.14 Kohlbach Group
14.3.15 ANDRITZ
14.3.16 Zhengzhou Boiler
14.3.17 Hurst Boiler & Welding
14.3.18 Wellons
14.3.19 DP CleanTech
14.3.20 Energy Innovations
14.3.21 Justsen Energiteknik
14.3.22 Shanghai Industrial Boiler
14.3.23 Garioni Naval
14.3.24 LAMBION Energy Solutions
