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Stock impact report

Biomass Boiler Market to Grow at CAGR of 20% through 2033 - Increased Capacity Expansion of Biomass to Bolster Growth [Yahoo! Finance]

Babcock & Wilcox Enterprises, Inc. (BW) 
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
Company Research Source: Yahoo! Finance
Rapidly growing investments in the construction and industrial sectors will drive the Biomass Boiler market's growth. Europe stands out as the leading region in the global biomass boiler market, commanding a significant market share of 43% in 2023. Newark, May 06, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 7.2 Billion Biomass Boiler market will reach USD 44.58 Billion by 2033. Increased capacity expansion of Biomass, rapid industrialization, and strategic initiatives by the private players may fuel the growth of the Biomass Boiler Market. One of the primary drivers behind the growth of this market is the increased capacity additions in sectors such as sugar, rice, biorefinery, and pulp and paper industries. These industries produce substantial amounts of agricultural waste and wood biomass, which can be utilized as fuel in biomass plants. The growing demand for ethanol further boosts the requirement for agricultural waste biomass boilers and biomass wood. Th Show less Read more
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