Europe Industrial Biomass Boiler Market Forecast 2023-2032
KEY FINDINGS
The Europe industrial biomass boiler market is expected to accelerate with an 11.55% CAGR between the forecast years 2023 and 2032. The market growth is driven by government efforts to promote biomass energy adoption and cost-effective energy generation.
MARKET INSIGHTS
The Europe industrial biomass boiler market growth analysis includes a thorough evaluation of Germany, Spain, Italy, United Kingdom, France, and Rest of Europe. The government investment boosts the France industrial biomass boiler market growth to promote biorefinery projects due to the rising concerns about adopting biomass energy sources and the increasing greenhouse gas (GHG) emissions. The government invested $194.46 million (170 million euros) to promote this project across France.
As a result, the deployment of biorefinery would increase since these approaches are based on chemical, biochemical, and thermochemical transformation, thereby aiding the growth of the industrial biomass boiler across France over the forecast period. Furthermore, the increasing GHG emission is expected to create huge growth opportunities for the industrial biomass boiler across France during the forecast period.
On the other hand, Spain has one of the highest potentials to leverage biomass resources. In the country, less than 5% of heating uses biomass, a low figure compared to 16% across Europe. Further, biomass for thermal use, along with biomass stoves and boilers, are gradually gaining footing in the heating sector in Spain.
COMPETITIVE INSIGHTS
Some of the key market players are ETA Heiztechnik GmbH, ESI Scotland, Alstom SA, English Boiler and Tube Inc (Acquired by Superior boiler), etc.
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
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• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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