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Circulating Fluidized Bed Boiler Market | Covid-19 Impact Analysis
The Circulating Fluidized Bed Boiler Market is Segmented by Product Type (Subcritical, Supercritical, and Ultra-Supercritical), by Capacity Type (< 100 MW, 100 - 200 MW, 200 - 300 MW, and > 300 MW), by Application Type (Utility, Oil & Gas, Petrochemical, Chemical, and Others), by Fuel Type (Coal, Biomass, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Circulating Fluidized Bed Boiler market is likely to witness an impressive CAGR of 5.7% during the forecast period. The major driving factor bolstering the market for circulating fluidized bed boiler is its ability to effectively reduce harmful NOx and SOx emissions without any special environmental modification.
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Circulating Fluidized Bed Boiler Market - Snapshot |
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Growth |
10.8% for the next five years |
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Major Capacity Type |
< 100 MW |
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Dominant Application Type |
Utility |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
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). |
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Based on the product type, the 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 which result in the adoption of new range of materials that can withstand high temperature and pressure associated with supercritical boilers.
Based on the capacity type, the circulating fluidized bed boiler 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.
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.
Based on the fuel type, the circulating fluidized bed boiler market is segmented as coal, biomass, and others. The biomass segment is expected to remain the dominant segment. It is driven by easy availability of sources along with ongoing efforts to counteract global warming, which has accelerated the installation of biomass-based circulating fluidized bed boiler.
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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Some of the major circulating fluidized bed boiler manufacturers are-
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.
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.
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Circulating Fluidized Bed Boiler Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The circulating fluidized bed boiler market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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.
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. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 at [email protected].
Circulating fluidized bed boiler market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.
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, and Walchandnagar Industries Limited (WIL) are among the key players in the circulating fluidized bed boiler market.
Asia-Pacific is expected to be the largest circulating fluidized bed boiler market during the next five years.
The supercritical boilers segment is expected to govern the circulating fluidized bed boiler market in the coming years.
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