Circulating Fluidized Bed Boiler Market Growth Analysis | 2020-2025

Market Insights

The circulating fluidized bed boiler market is likely to witness an impressive CAGR of 10.8% during the forecast period of 2020-2025.

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What is a circulating fluidized bed boiler?

Circulating fluidized bed (CFB) boiler is an advanced technology that is used for coal combustion to accomplish low emission standards. CFB reactors address the heat removal issues that affect a fixed-bed reactor.

Circulating fluidized bed boilers are of different types, such as subcritical, supercritical, and ultra-supercritical, which are used in various applications such as utility, oil & gas, petrochemical, chemical, and others.

Market Dynamics

The major driving factor bolstering the market for circulating fluidized bed boilers is its ability to effectively reduce harmful NOx and SOx emissions without any special environmental modification.

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Segment Analysis

By Product Type

Based on the product type, the circulating fluidized bed boiler market is segmented as subcritical, supercritical, and ultra-supercritical. The supercritical boilers segment is expected to govern the market driven by the ongoing technological advancements that result in the adoption of a new range of materials that can withstand high temperatures and pressure associated with supercritical boilers.

By Capacity Type

Based on the capacity type, the market is segmented as <100 MW, 100-200 MW, 200-300 MW, and >300 MW. The <100 MW segment is expected to dominate the market due to the rising environmental concerns pertaining to industrial emissions.

By Application Type

Based on the application type, the market is segmented as utility, oil & gas, petrochemical, chemical, and others. The utility segment is expected to remain the dominant segment over the forecast period. Utilities are continuously looking for technologies that can effectively operate under adverse conditions, irrespective of the raw materials being provided.

By Fuel Type

Based on the fuel type, the market is segmented as coal, biomass, and others. The biomass segment is expected to remain the dominant segment. It is driven by the easy availability of sources along with ongoing efforts to counteract global warming, which has accelerated the installation of biomass-based circulating fluidized bed boilers.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest region for the circulating fluidized bed boiler market during the forecast period. The growth of the region is mainly driven by resurgent economic growth along with increasing investments towards the upgradation of industrial facilities and urging demand for energy across the industrial sector.

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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The circulating fluidized bed boiler market is segmented into the following categories.

By Product Type

• Subcritical
• Supercritical
• Ultra-Supercritical

By Capacity Type

• <100 MW
• 100 - 200 MW
• 200 - 300 MW
• >300 MW

By Application Type

• Utility
• Oil & Gas
• Petrochemical
• Chemical
• Others

By Fuel Type

• Coal
• Biomass
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major circulating fluidized bed boiler manufacturers are-

• Babcock and Wilcox Enterprises Inc.
• Bharat Heavy Electricals Limited
• IHI Corporation
• AMEC Foster Wheeler Ltd.
• Doosan Heavy Industries & Construction Co. Ltd.
• Thermax Limited
• Forbes Marshall
• Mitsubishi Hitachi Power Systems Ltd.
• General Electric
• Walchandnagar Industries Limited (WIL).

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.