Energy & Power Global Biomass Boiler Market (2016-2024)- Research | Page 7

generation and it is expected to continue its dominance by the end of
2024. In addition to this, biomass stoker by product type accounted for
the largest market share in 2016.
In terms of geography, Europe is expected to dominate the global
biomass boiler market over the forecast period. Additionally, Europe
region in 2016 accounted for the highest market share of 36% in the
overall biomass boiler market. Europe is anticipated to witness
significant growth owing to the strict regulations taken by government
regarding greenhouse gas emission. The major countries witnessing the
augmented demand for biomass boiler include U.K. and France.
Moreover, implementation of government schemes such as renewable
heating incentives (RHI) to lower down the use of fossil fuels is also
envisioned to bolster the growth of biomass boiler market in this region.
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North America is the second largest market for biomass boiler owing to
the rising awareness among the population to adopt energy saving
solutions like biomass boiler to reduce greenhouse gas emission.
Further, U.S. is the dominating country in this region. Asia-Pacific is
predicted to be the fastest growing biomass boiler market over the
forecast period. Moreover, rapid urbanization and growing adoption of
renewable heating solution by the consumers are envisioned to foster the
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