Circulating Fluid Bed Boilers Market Size, Share, Analysis, Major Segments, Leading Players, Regional Trends and Global Forecast To 2023
Circulating Fluidized Bed (CFB) boilers using fossil and renewable energy sources have been successful in operation for the last two decades and have become popular due to their impressive environmental performance as well as their fuel flexibility. CFB Boiler, also circulating fluidized bed boilers, widely applied in oil & gas, chemicals, manufacturing and others. This allows for a wide range of fuels to be burned efficiently. This includes low-grade and difficult-to-burn fuels such as lignite, petroleum coke, oil shale, and biomass within a wide range of mixing rates.
The global Circulating Fluid Bed Boilers market is estimated to grow at A CAGR of 2.5% by the end of year 2023. Factors such as wide fuel flexibility, excellent emission performance and large range of load adjustment, CFB boiler technology developed rapidly and becomes one of the clean coal combustion technologies commercially applied in large scale operations.
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Leading Players
The prominent players in the circulating fluid bed boilers market are Alfa Laval AB (Sweden), Alstom SA (France), Dongfang Boiler Group Co., Ltd. (China), AE&E Nanjing Boiler Co., Ltd (China), Babcock & Wilcox Enterprises (U.S.), Bharat Heavy Electricals Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Shanghai Boiler Works Co., Ltd (China), Thermax. D Ltd (India) and Doosan Heavy Industries & Construction Company Limited (UAE)
Regional Analysis
The geographic market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America region is the leading market for Circulating Fluid Bed Boilers market and is followed by Europe. Rising awareness for the need to control gas emission and increase operational efficiency are some of the factor driving the market towards growth.
Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers. Moreover, rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the demand for circulating fluid bed boilers. Also R&D activities will drive circulating fluid bed boilers market
Scope of the Report
The report for Global Circulating Fluid Bed Boilers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1. Executive Summary
2. Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3. Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4. Global Circulating Fluid Bed Boilers Market, By Type
4.1 Introduction
4.2 Subcritical
4.3 Supercritical
4.4 Ultra-Supercritical
Continued….
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