Published Date : Mar 22, 2016
The demand for biomass boilers has seen a significant upsurge in the past few years, thanks to several reasons. For one, the regulatory scenario of the globe has developed a scenario where both residential and industrial users are compelled to switch to greener sources of power generation. As biomass is an extremely fitting solution for this need, owing to its cleaner nature as compared to other power or fuel production techniques, it has seen a huge surge in popularity across the globe in the past few years.
Many countries are catching up with United States, the world leader in biomass power generation, and the market for biomass power production is expected to see unprecedented growth in the next few years. This is expected to lead to a significant rise in demand for biomass boilers in the global market in the next few years. The U.K., especially, is projected to account for a substantial share in the vast rise in demand for biomass boilers over the coming few years as a result of its Renewable Heat Incentive (RHI) policy.
Regulatory Scenario of Europe to Pave Way for Biomass Power Generation
Europe was the largest market 2013 in terms of sales of biomass boilers. Europe has gained this position majorly owing to the highly ambitious targets for using biomass in its overall energy mix. Several regulatory programs, including the notable ones such as RHI policy have led to a substantial boost in the overall sales of biomass boilers in the U.K. in the past years. The U.K. has set the target of reducing over 80% in its greenhouse gases (GHG) emissions by 2050. This has led to widespread use of biomass power production facilities in the country. In other parts of Europe as well, the popularity of biomass power production is on a continuous rise.
These factors are projected to leave a significant positive impact on the overall sales of biomass boilers in Europe and propel the global biomass boilers market.