Energy & Power Global Biomass Boiler Market (2016-2024)- Research | Page 6

Global Biomass Boiler Market Overview
Global Biomass Boiler Market by Feedstock Type (Woody Biomass,
Agriculture & Forest Residues, Biogas & Energy Crops, Urban
Residues) By Product Type (Stocker Boilers, Bubbling Fluidized Bed
(BFB) Boilers, Circulating Fluidized Bed (CFB) Boilers) and Region -
Global Forecast to 2024
Biomass boiler is defined as a biomass fuelled heating system. It
generates heat by burning agriculture & forest residues, burn logs, wood
pellets and others. It majorly produces heat by burning wood. Biomass
boilers are widely used by hotels, farms, households and others. Further,
biomass boiler helps to lower down the greenhouse gas emission due to
their low carbon footprints.
Market Size and Forecast
The global biomass boiler market is expected to grow at a CAGR of
17.9% over the forecast period i.e. 2017-2024. Further, biomass boiler
market is anticipated to reach USD 10.8 billion globally by 2024.
Moreover, the factors propelling the growth of biomass boiler market
include increasing strict governmental regulations coupled with rising
awareness about the environmental risks. Furthermore, woody biomass
by feedstock type is the biggest feedstock segment in 2016 for heat
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