Circulating Fluidized Bed Boilers Market Analysis
The global circulating fluid bed boilers market can expand at 2.5% CAGR from 2017 to 2023 (forecast period). Advantages associated with CFB boilers such as large load adjustment, excellent emission, and wide fuel flexibility are likely to lead to its high adoption. The uptick in the demand for clean coal combustion technologies for large scale operations is expected to propel market growth till the end of the forecast period.
Circulating fluid bed boilers or circulating fluidized bed (CFB) boilers are technologies capable of reducing emission levels caused during the combustion of coal. The leaning towards sustainability and need for such processes in light of stringent regulations has evoked the need for CFB boilers. The use of the technology can absorb close to 80% of pollutants before its release in the atmosphere. The global circulating fluid bed boilers market report by Market Research Future (MRFR) outlines various trends and drivers of the technology.
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.
Segmentation
The global Circulating Fluidized Bed Boilers Market is segmented by type, feedstock, and application.
By type, it is segmented into subcritical, supercritical, and ultra-supercritical.
By feedstock, it is segmented into biomass, feedstock, and coal.
By application, it is segmented into manufacturing, chemicals, oil & gas, and others.
Regional Analysis
Geographically, the global circulating fluidized bed boilers market covers Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW).
North America is the biggest region of the CFB boilers market followed by Europe. This can be attributed to high awareness levels of industry leaders to control gas emissions and enhance operational efficiency.
The APAC region can account for a major market share till 2023 due to the rapid industrialization in China and India. Infrequent supply of electricity is likely to induce demand for CFB boilers coupled with rise in R&D activities can drive the regional market growth.
Competitive Landscape
Key market players include Alstom SA, Shanghai Boiler Works Co., Ltd, Doosan Heavy Industries & Construction Company Limited, Thermax D Ltd, Alfa Laval AB, Bharat Heavy Electricals Limited, Mitsubishi Heavy Industries, Ltd, AE&E Nanjing Boiler Co., Ltd, Babcock & Wilcox Enterprises, Dongfang Boiler Group Co., Ltd., and others. Product launches and technological innovations are major strategies of companies within the market. Competition in the market can be attributed to boiler quality, eco-friendly quotient, energy efficiency, and price.
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