Global
Circulating Fluid Bed Boilers Market
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.
Market Prospects
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.
Initiatives
by various governments and environment-friendly organizations advocating its
usage combined with minimal costs required for its setup can push its market
demand exponentially. The compatibility of the technology with legacy and
new-age power generation plants is a plus for the market. Automation of the
process can lower sulfur and carbon dioxide emissions and bring down fire and
health hazards considerably.
Segmentation
The
Global
Circulating Fluid Bed Boilers Market is segmented by type, feedstock, and
application.
By
type, it is segmented into subcritical, supercritical, and ultra-supercritical.
Supercritical and ultra-supercritical boilers can gain a superior market share
till 2023 due to their integration in high performing megawatt plants. This can
lead to high power output at low cost of emissions.
By
feedstock, it is segmented into biomass, feedstock, and coal. The coal segment
is predicted to dominate in the market due to abundance of coal reserves
coupled with strict emission regulations on power plants. This is exemplified
by the commencement of the construction of coal-powered plants by San Miguel
Corporation which will be equipped with CFB boilers.
By
application, it is segmented into manufacturing, chemicals, oil & gas, and
others. The oil & gas application is expected to exhibit a higher
year-on-year growth rate till 2023 due to scaling of operations. On the other
hand, the chemicals application can push the need for CFB boilers for
increasing operational efficiency.
Regional Analysis
Geographically,
the global circulating fluid 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.
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