Circulating Fluidized Bed (CFB) Boilers Market: Global Industry Analysis and Forecast (2023-2029)

Circulating Fluidized Bed (CFB) Boilers Market size is expected to reach nearly US$ 54.48 Bn. by 2029 with the CAGR of 6.9% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Circulating Fluidized Bed (CFB) Boilers Market Dynamics
The CFB boilers market has seen a substantial growth over the past three years because of increased need for power. Also, companies are using CFB boilers to follow stringent government regulations affecting to gas emission which is also a driving factor. Additionally, CFB boilers operate at comparatively lower temperatures as compared to conventional boilers, dropping the gas emission levels considerably. Low emission of gases such as carbon dioxide, sulfurdioxide and nitrogen dioxide make CFB boilers eco-friendly which is a key driver for the market growth.

Furthermore, flexibility in use of fuels reduces the burden on depleting reserves of coal, as CFB encourages the use of other fuels. The CFB boilers also decrease the operational cost of boilers and power plants, which is another driving factor for the market. Nevertheless, the market could be hindered in the event of design flaws in the boiler which is likely to lead to depositions and corrosion of the boiler surface, and high maintenance cost of CFB boilers may limit their installation.
Circulating Fluidized Bed (CFB) Boilers Market Segment analysis
By application, the oil and gas industry is using CFB boilers on a larger scale in their routine operations as compared to other industry verticals thus, it would have the maximum revenue in the market. The chemical industry is anticipated to increase the use of CFB boilers because of operational efficiency and reduced gas emission. Therefore, it is expected that the chemical industry would have the highest growth rate in the market.
Regional Insights
Geographically, North American market is the most developed market for CFB boilers as companies in this region adopted the CFB technology much earlier because of the stringent gas emission laws and control operational cost. The Asia-Pacific region has the highest demand for energy, as most countries in this region are emerging countries and industrial energy needs are very high. Therefore, it is projected that the CFB boilers market would have the highest demand in this region.

The report analyzes the market for circulating fluidized bed (CFB) boilers in terms of installed capacity (GWe). The market has been segmented on the basis of type, application, and region. For the research, 2022 has been taken as the base year, while all forecasts have been given for the period from 2023 to 2029. Market data for all the segments has been delivered at the regional as well as country-specific level from 2022 to 2029. The report provides a comprehensive competitive analysis of companies engaged in the CFB boilers business.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global circulating fluidized bed (CFB) boilers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global market.
Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Circulating Fluidized Bed (CFB) Boilers Market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global Circulating Fluidized Bed (CFB) Boilers Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
Circulating Fluidized Bed (CFB) Boilers Market Scope: Inquire before buying



Circulating Fluidized Bed (CFB) Boilers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 34.15 Bn.


Forecast Period 2023 to 2029 CAGR:
6.9%
Market Size in 2029:
US $ 54.48 Bn.


 Segments Covered:
by Capacity
Less than 100 MW
100-200 MW
200-300 MW
300 MW and above


by Type
Subcritical
Supercritical
Ultra-supercritical


by Application
Oil and Gas
Chemicals
Manufacturing
Others



Circulating Fluidized Bed (CFB) Boilers Market Key Players
1. Alfa Laval AB
2. Alstom SA
3. AE&E Nanjing Boiler Co. Ltd.
4. Babcock & Wilcox Enterprises, Inc.
5. Bharat Heavy Electricals Limited (BHEL)
6. DongFang Boiler Group Co. Ltd.
7. Doosan Heavy Industries and Construction Co. Ltd.
8. Formosa Heavy Industries Corp
9. Amec Foster Wheeler plc
10.Harbin Boiler Engineering Co. Ltd.
11.MetsoOyj
12.Mitsubishi Heavy Industries Ltd.
13.Shanghai Boiler Works Co. Ltd.
14.Rafako SA,.
15.Thermax Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Circulating Fluidized Bed (CFB) Boilers Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Circulating Fluidized Bed (CFB) Boilers Market?
Ans: The Global market is growing at a CAGR of 6.9% during forecasting period 2023-2029.

3. What is scope of the Global Circulating Fluidized Bed (CFB) Boilers market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Circulating Fluidized Bed (CFB) Boilers market?
Ans: The important key players in the Global market are – Alfa Laval AB, Alstom SA, AE&E Nanjing Boiler Co. Ltd., Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited (BHEL), DongFang Boiler Group Co. Ltd., Doosan Heavy Industries and Construction Co. Ltd., Formosa Heavy Industries Corp, Amec Foster Wheeler plc, Harbin Boiler Engineering Co. Ltd., MetsoOyj, Mitsubishi Heavy Industries Ltd., Shanghai Boiler Works Co. Ltd., Rafako SA,., Thermax Ltd., and

5. What is the study period of this market?
Ans: The Global Circulating Fluidized Bed (CFB) Boilers Market is studied from 2022 to 2029.