Global Grate-Fired Boilers Market - 2022-2029
Market Overview
The global grate-fired boilers market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 22.6% during the forecast period (2022-2029).
An industrial combustion system for solid fuels is known as grate firing. It is primarily used for burning biomass and garbage but can also be used for tiny coal furnaces. The earliest kind of direct solid fuel combustion uses grate-fired boilers or stokers.
Grates-fired boilers have a major advantage over their main opponent, fluidized-bed boilers, in that they can burn various fuels with little to no pre-handling. Biomass is frequently burned in grate boilers to provide heat and power.
Market Dynamics
The two key reasons driving the market's growth are increased investment in power generation projects and technological advancements to reduce municipal garbage. Furthermore, the low combustion efficiency of grate-fired boilers can restrict further development.
Increasing investment in power generation projects
Countries are investing much money in the power generation industry as they become more concerned about energy availability. The need for additional power output is growing along with the economy & population. As a result, the power generation industry is drawing massive investments from all over the world.
In the coming years, the market for grate-fired boilers is anticipated to benefit greatly from the high stakes in the power sector. The market for grate-fired boilers is driven by an interest in growing power generation and energy consumption. The benefits of electricity generation are anticipated to support the market, especially increased government investment in renewable energy.
Increasing technological advancements to reduce municipal solid waste
The growth of solid waste management has gone through several stages. The most widely used technique of trash disposal at first was straightforward dumping in landfills. Then, incineration was implemented to reduce the volume and save landfill space.
Since the 1970s, enhanced cleaning techniques have been used in response to concerns about the impacts of incineration on the environment. A few decades ago, however, the recovery of energy (Waste-to-Energy) and other valuable waste components began to gain favor. There are numerous different conversion technologies for the production of municipal solid trash. The increasing number has compelled the government to develop a better solution that addresses the issue of excessive waste while also recovering some energy.
Lower combustion efficiency
Due to improper fuel and air mixing, poor heat transfer properties and high combustion temperatures, grate-fired boilers—the traditional method for direct combustion of solid fuels—offer lower combustion efficiency and higher emissions, which is expected to hamper the market growth. Additionally, the market demand for the product is constrained by the growing environmental effects of grate-fired boilers.
COVID-19 Impact Analysis
Before COVID-19, the grate-fired boilers market was expanding significantly. The government committed a sizeable portion of its national budget to encourage using biomass as a sustainable and environmentally beneficial energy source.
For instance, the government has provided subsidiaries to nuclear power for at least 3%, biofuels for about 6% and renewable power production technologies for about 20% of all energy sector subsidies ($128 billion). The subsidiaries increase demand for grate-fried boilers and open doors for renewable energy generation technologies. The closure of numerous energy and power production projects is the main reason for the small decline in building activity that the grate-fired boilers market has experienced after the coronavirus epidemic.
Segment Analysis
By capacity, the grate-fired boilers market is segmented into less than 25 MW, less than 50 MW
less than 100 MW, less than 200 MW and above 200 MW.
The regulations to build bigger units drives the above 200MW segment
To comply with increasingly strict environmental regulations concentrating on cleaner power generation, thermal power plants that generate electricity by burning fossil fuels are compelled to optimize combustion processes or invest in new, more modern combustion facilities. To produce a greater supply of power, these restrictions force the construction of larger units of grate-fired boilers with capacities beyond 200 MW.
Developing nations support the development of larger facilities to use biomass and produce fuel from various resources. The main fuel sources for grate boilers with a capacity greater than 200MW are municipal solid waste and refuse-derived fuel (RDF). Additionally, coal-fired power plant boilers are in high demand for these larger units.
Geographical Analysis
The presence of significant biomass resources in Asia-Pacific
The market for grate-fired boilers is anticipated to grow at the fastest rate in Asia-Pacific in the years to come. China exports factories and equipment to other countries and ranks among the top makers of grate-fired boilers globally. Additionally, China is the world's largest customer of grate-fired boilers and raises the most money for plant installation through private investment. In China, biomass energy has been expanding quickly.
In 2017, China's biomass power generation capacity was about 14.88 GW; by 2030, it is expected to increase to 15% of the total capacity. Due to China's abundant biomass resources, which include waste from forestry, agriculture, industry, animal manure & sewage and municipal solid waste, the country has a vast market for grate boilers.
Competitive Landscape
Due to international and regional companies' existence, the grate-fired boilers market is highly consolidated. To stay competitive in the market, leading companies frequently adopt new approaches. Large organizations are also looking for new markets to penetrate or new demographics to partner with locally to increase industry income globally.
Major global grate-fired boilers market companies include Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, Viessmann Werke GmbH & Co. KG, Isgec Heavy Engineering Ltd., DP CleanTech, ZHENGZHOU BOILER(GROUP) CO., LTD., Thermax Limited and Jinan Boiler Group Co., Ltd.
Isgec Heavy Engineering Ltd.
Overview: Isgec Heavy Engineering Ltd. is a heavy engineering firm with a sizable global presence that engages in manufacturing and project operations. The business produces presses, iron & steel castings, boiler pressure parts and equipment for process plants. The business also works on building projects for factories, distilleries, industrial water treatment facilities, sugar plants, power plants, boilers and bulk material handling facilities.
Product Portfolio The business offers traveling grate boilers and reciprocating grate boilers.
Key Development A subsidiary of Isgec Heavy Engineering Ltd., Isgec Canada Inc., bought a 100% share in Eagle Press and Equipment Co., Canada and its group on September 18, 2018. The business produces mechanical presses and related machinery.
Why Purchase the Report?
• Visualize the composition of the grate-fired boilers market segmentation by type, fuel, capacity and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the grate-fired boilers market by analyzing trends and co-development deals.
• Excel data sheet with thousands of grate-fired boilers market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players
The global grate-fired boilers market report would provide access to an approx. 55 market data table, 54 figures and 202 pages.
Target Audience 2022
• Grate-Fired Boilers Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Grate-Fired Boilers Manufacturers
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook