ID: MRFR/E&P/3005-HCR | 110 Pages | Published By Anshula Mandaokar on April 2023
Circulating Fluid Bed Boilers Market share is expected to grow with the USD 43.4 Billion by 2027, CAGR of approximately 3% during the forecast period.
Circulating Fluid Bed Boilers market is expected to reach the USD 43.4 Billion, with CAGR of approximately 3% during the forecast period 2022-2030.
CFB boilers support fuels compared to bubbling fluidized bed boilers. These boilers are used with biomass, anthracite, bituminous coal, petroleum coke, paper sludge, RPF, and waste tires. It has high combustion efficiency than BFB boilers. These factors are highly contributing to the global market. The CFB boilers have high-temperature materials which can heat the fuel rapidly. The heated fuels can easily go above the ignition temperature after entering CFB boiler chambers. A smaller fuel amount compared to other high-temperature materials in the CFB boiler chambers can overcome various issues. The rise in demand for clean fuel technology worldwide is boosting the market’s value. This factor will lead to greater opportunities for the CNG compressor market in the review period.
Energy management is a worldwide project nowadays and in the foreseeable future. Boilers generate steam which is then used to provide space heat, process heat and other. Steam boiler is as an equipment used for generation of heat through the heat transfer from a working fluid or water. Air supply with high pressure lifts the material and coal particles and keeps it in suspension. The thermal energy from water is converted into electricity through passage of steam into turbines in power plants. Circulating Fluid bed boilers has given boilers and power plant operators a greater flexibility in burning wide range of coal and other fuels. The circulating fluidized bed is a clean process with the ability to achieve lower emission pollutants. By using this technology more than 80% pollutants will be absorbed before released in the atmosphere.
Factors such as wide fuel flexibility, excellent emission performance and large range of load adjustment, CFB boiler technology developed rapidly and becomes one of the clean coal combustion technologies commercially applied in large scale operations. Surging demand for cost efficient and cleaner combustion technology coupled with stringent environmental regulations, has insisted to look for energy efficient ways of power generation. Moreover, as compared to conventional boilers, minimum capital costs involved in the setup and operation of CFB boilers acts as major driving factor for the growth of the market.
The major players operating in the Circulating Fluid Bed Boilers Market are Alfa Laval AB (Sweden), Alstom SA (France), Dongfang Boiler Group Co., Ltd. (China), AE&E Nanjing Boiler Co., Ltd (China), Babcock & Wilcox Enterprises (U.S.), Bharat Heavy Electricals Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Shanghai Boiler Works Co., Ltd (China), Thermax. D Ltd (India) and Doosan Heavy Industries & Construction Company Limited (UAE).
The size of CFB’s designed for lignite or coal which can vary in a range of steam capacity, from industrial to large-scale utility boilers. Additionally, many of the boilers designed for coal feature and others which adds fuels such as biomass and various types of waste which are co-fired simultaneously. Major industries that benefit from this technology include textiles, paper, fertilizer, chemicals and petroleum refining. Additionally, benefits such as solving energy crisis and decreased dependence on grid power push the market towards growth. Continuous depletion of these resources on a large scale, high degree of carbon emission into the atmosphere, and rising quantity of hazardous waste from energy generation processes are some of the important factors affecting the energy generation market.
The geographic market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW).North America region is the leading market for Circulating Fluid Bed Boilers market and is followed by Europe. Rising awareness for the need to control gas emission and increase operational efficiency are some of the factor driving the Circulating Fluid Bed Boilers Market towards growth.
Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers. Moreover, rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the demand for circulating fluid bed boilers. Also R&D activities will drive circulating fluid bed boilers market.
The report for Global Circulating Fluid Bed Boilers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different Circulating Fluid Bed Boilers Market segments and regions.
|CAGR||3% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Feedstock and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Alfa Laval AB (Sweden), Alstom SA (France), Dongfang Boiler Group Co., Ltd. (China), AE&E Nanjing Boiler Co., Ltd (China), Babcock & Wilcox Enterprises (U.S.), Bharat Heavy Electricals Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Shanghai Boiler Works Co., Ltd (China), Thermax. D Ltd (India) and Doosan Heavy Industries & Construction Company Limited (UAE)|
|Key Market Opportunities||New product launches and R&D amongst major key players|
|Key Market Drivers||
By type, the segments of the circulating fluid bed boilers market are supercritical, subcritical, and ultra-supercritical.
The application based segments of the circulating fluid bed boilers market are oil and gas, manufacturing, chemicals, others.
APAC is presumed to hold the highest share of the circulating fluid bed boilers market.
The circulating fluid bed boilers market is poised to strike at 3% CAGR.
The key players are Alfa Laval AB (Sweden), Dongfang Boiler Group Co., Ltd. (China), Alstom SA (France), AE&E Nanjing Boiler Co., Ltd (China), Bharat Heavy Electricals Limited (India), Babcock & Wilcox Enterprises (U.S.), Mitsubishi Heavy Industries, Ltd (Japan), Thermax. D Ltd (India), Shanghai Boiler Works Co., Ltd (China), and Doosan Heavy Industries & Construction Company Limited (UAE).