In the highly fragmented competitive landscape of the global biomass boilers market,
none of the leading companies accounted for a share of over 10% in the overall market
in 2014, observes Transparency Market Research in a recent report. The top six companies
in the market, including Baxi Group Limited, ETA Heiztechnik GmbH, Polytechnik Group,
and Babcock & Wilcox Enterprises, Inc., collectively accounted for a relatively moderate
40% share in the global market in the said year. The remaining 59% share was held
by a fragmented chain of suppliers across the globe.
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“The market features a high degree of competition. One of the key factors responsible
for the situation is the lack of standardized regulations governing the biomass boiler
markets across the globe. This has paved the way for inexperienced vendors to go unchallenged
in the global market,” states a TMR analyst. Nevertheless, the market has promising
growth prospects and is expected to exhibit a remarkable 18% CAGR over the period
between 2016 and 2024.