Industrial biomass boilers are a type of machines that can generate power and heat from biomass or living matter. The industrial biomass boiler market by the Asia Pacific is anticipated to rise with a CAGR of 11.82% during the forecast period 2019-2027. The market has been valued at $XX million in the year 2018 and is expected to rise to a revenue of about $XX million by the year 2027. The countries like China, India, Japan, Australia, South Korea and the Rest of APAC are considered for the market analysis.
Government institutions globally are striving to grow biomass feedstock for power and generation. They are mainly helping by creating national and state level incentives that are focused toward upsurge in the installation of industrial biomass boilers.
Asia-Pacific industrial biomass boiler market is expected to be on up-surging trend owing increasing concern to use biomass-based energy sources due to depleting fossil fuel resources and increasing energy demand across Asia Pacific countries such as China, India, etc. Adoption of biomass boilers to meet energy demand is one of the major factors that is contributing to the growth of the Asia Pacific industrial biomass boiler market.
Constructions Industrielles de La, Hurst Boiler & Welding Co. Inc., Clyde Bergemann Power Group Inc., FSE Energy Inc., ESI Scotland, Babcock Power Inc., Aalborg Energie Technik A/S, Ecovision Systems Limited, ETA Heiztechnik GmbH, Andritz AG, Outotec OYJ, AFS Energy Systems, English Boiler and Tube Inc. (acquired by Superior Boiler), and Alstom SA are the major companies operating in the market that have been exhaustively profiled in the report.