INDIA INDUSTRIAL BIOMASS BOILER MARKET FORECAST 2023-2030

The India industrial biomass boiler market is anticipated to grow with a 12.86% CAGR by 2030, and is estimated to generate $xx million in terms of revenue between the forecasted period, 2023-2030.

The India industrial biomass boiler market is experiencing growth due to the adoption of biomass energy sources to substitute depleting fossil fuels and meet the increasing energy demand in the country. According to Energy Alternatives India, around 450-500 million tons of biomass are generated annually in India, providing 32% of primary energy and meeting the needs of 70% of the Indian population. The government has proposed that biodiesel will contribute 20% to the diesel requirements, using plants such as Neem and Mahua. In addition, Indian Institute of Science (India) has identified over 300 districts with the potential for 10-100MW of biomass power generation.

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The India industrial biomass boiler market evaluation includes segmentation by capacity, applications, and feedstock. Market by feedstock includes urban residue, woody biomass, and agriculture biomass.

Woody biomass from timber industries, sawmills, and forest residue is proving a popular renewable energy source due to its cost-effectiveness, flexibility and easy availability. Nonetheless, Forest Product Laboratories have stated that transporting woody biomass outside a 50-mile radius is usually not cost effective. Therefore, users will often assess the local wood supply structure beforehand to avoid huge transport charges.

Agricultural biomass utilizes a range of crops, including food-based crops such as sugarcane and corn, as well as non-food-based crops like stalks, leaves and husks, which have high costs associated with their recovery. This leads the market to focus on technological and infrastructural development for economic recovery in processing facilities.

Some of the players in the India industrial biomass boiler market include Alstom SA, Andritz AG, Babcock Power Inc, General Electric, etc.

General Electric Company (GE) is a digital industrial company operating globally. The company operates its business under seven segments: power, oil & gas, renewable energy, healthcare, aviation, transportation, and lighting. The company operates in 130 countries and through subsidiaries, including GE Capital, GE Power, GE Healthcare, GE Lighting, GE Aviation, GE Transportation, GE Automation and Controls, and many more.

In 2018, the company announced its intention to restructure the businesses within its Power segment into GE Power Portfolio & Gas Power and remove the Power headquarters structure to reduce costs and enhance operations. After completion, GE Gas Power will be a unified gas life cycle business merging its Gas Power Systems and Power Services businesses, while Power Portfolio will include its Steam Power Conversion, Power Systems, and GE Hitachi Nuclear businesses. The company expects the restructuring to be finalized by the second half of 2019.

GE offers pulverized coal (PC) boilers capable of burning an extensive range of hard coals, lignite, oil/gas, and CFB for both conventional and difficult-to-burn fuels. The company also offers boiler services (up gradation, repair & maintenance, and parts).

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