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.
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.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4414
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, 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.
Industry News
Osaka Gas Group has agreed to
integrate the technology of CFB boilers manufactured by Doosan Lentjes, a
waste-to-energy solutions provider from Germany. The plant will be fully
functional by 2022 and capable of burning wood pellets. In addition,
installation of other equipment will assist in controlling emission levels in
adherence to domestic policies.
Get
Summary of this Report at: https://www.marketresearchfuture.com/reports/circulating-fluid-bed-boilers-market-4414
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our clients.
Our market research studies by Components, Application, Logistics and market
players for global, regional, and country level market segments, enable our
clients to see more, know more, and do more, which help to answer all their
most important questions.
No comments:
Post a Comment