The Global
Circulating Fluid Bed Boilers Market report by Market Research Future
(MRFR) outlines various trends and drivers of the technology. The global
circulating fluid bed boilers market can expand at 2.5% CAGR from 2017 to 2023
(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.
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. 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, the global circulating fluid bed
boilers market 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.
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.
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.
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