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NEW YORK , March 17, 2021 /PRNewswire/ -- The global industrial biomass boiler market is expected to grow by USD 246.02 million during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%.

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Read the 120-page report with TOC on "Industrial Biomass Boiler Market Analysis Report by End-user (Biorefineries, Pulp and paper, Sugar mills, Rice mills, and Others), Type (Wooden biomass and Agricultural residue), and Geography (Europe , APAC, North America , South America , and MEA), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions. More Details: https://www.technavio.com/report/report/industrial-biomass-boiler-market-industry-analysis

The industrial biomass boiler market is driven by the capacity additions in sugar, rice, biorefinery, and pulp and paper industries. In addition, increasing power tariffs for industries and benefits of CHP is anticipated to boost the growth of the industrial biomass boiler market.

Sugar, rice, and pulp and paper mills are power-intensive industries, and most of these mills have a captive power plant, as they generate a large amount of agricultural residue and wooden biomass. These are agricultural residues and can be burnt as fuel in a biomass power plant. Similarly, pulp and paper mills generate large volumes of wooden biomass that can be processed to use in a biomass power plant. This is leading to increasing investments in the construction of new sugar and rice mills. Sugarcane is one of the major raw materials for ethanol production drives the demand for biomass boilers for cogeneration or CHP plants. Many paper mills are being set up in the country. All these factors are expected to significantly drive the growth of the global industrial biomass boiler market during the forecast period.

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Major Five Industrial Biomass Boiler Companies:

Andritz AG operates business through Pulp & Paper, Metals, Hydro, and Separation. The company offers EcoFluid bubbling fluidized bed boilers.

Babcock & Wilcox Enterprises Inc.

Babcock & Wilcox Enterprises Inc. operates business through Babcock & Wilcox, Volund & Other Renewable, and SPIG. The company offers Renewable Energy Boilers.

Bharat Heavy Electricals Ltd. operates business through Power and Industry. The company offers an industrial biomass boiler with circulating fluidized bed combustion (CFBC) boiler technology.

Dongfang Electric Corp. operates business through the Unified segment. The company offers Combined Grate Biomass Boiler.

Doosan Heavy Industries & Construction Co. Ltd.

Doosan Heavy Industries & Construction Co. Ltd. operates business through DHI, DI, DEC, and Cuvex. The company provides a variety of boiler models such as pulverized coal (PC) boilers, lignite boilers, oil boilers, and others.

Industrial Biomass Boiler Market End-user Outlook (Revenue, USD million, 2020-2025)

Industrial Biomass Boiler Market Type Outlook (Revenue, USD million, 2020-2025)

Industrial Biomass Boiler Market Geography Outlook (Revenue, USD million, 2020-2025)

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About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ Report Page: https://www.technavio.com/report/industrial-biomass-boiler-market-industry-analysis

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