Global Circulating Fluid Bed (CFB) Boilers Market is expected to grow with the CAGR of approximately 2.5 % from 2017 to 2023. Fluidized bed combustion and its two basic technologies segmented as bubbling fluidised bed (BFB) and circulating fluidised bed (CFB) technology. Fluidized bed combustion (FBC) has been and continues to be the backbone of Finnish power plant boiler technology. FBC provides a solution that is inexpensive and flexible in terms of fuel choice. This solution has improved the profitability of heat and electricity cogeneration, making it a more viable option in application areas such as district heating. Industrial progress and infrastructural development witnessed across developing countries have considerably fuelled the energy demand. Major industries that benefit from this technology include textiles, paper, fertilizer, chemicals and petroleum refining.
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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. Geographically, Asia-Pacific is showing a demand for circulating fluid bed boilers. Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers.
CFB Boiler, also circulating fluidized bed boilers, widely applied in oil & gas, chemicals, manufacturing and others. This allows for a wide range of fuels to be burned efficiently. This includes low-grade and difficult-to-burn fuels such as lignite, petroleum coke, oil shale, and biomass within a wide range of mixing rates. Circulating Fluidized Bed (CFB) boiler has played an important role in high efficient utilizing of coal resource due to its excellent fuel flexibility and environmental friendly performance. It developed as the beneficial supplement of pulverized coal boiler rapidly.
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Leading Players
We recognize the key players in the global circulating fluid bed boilers market as 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).
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