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Published Date: 2015-11-25Number of Pages: 74

Circulating Fluidized Bed (CFB) Boilers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Key Trends Impacting Global Circulating Fluidized Bed (CFB) Boilers Market

Industrial progress and infrastructural development witnessed across developing countries have considerably fuelled the energy demand. While these developments bode well for an economy’s growth, they correspondingly aggravate the existing concerns relating to carbon emissions. In view of the situation, Transparency Market Research (TMR), forecasts the installation of circulating fluidized bed (CFB) boilers to increase significantly across the world. Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers.

CFB boilers can produce energy from a variety of fuels such as biomass, coal, and peat. Additionally, because these boilers have a very low operating temperature, they emit fairly low levels of harmful gases such as carbon dioxide, nitrogen dioxide, and sulfur dioxide. Due to these advantages, the installed capacity of CFB boilers is poised to surge exponentially.

As per TMR, the global circulating fluidized bed boilers market is projected to exhibit a CAGR of 11.25% between 2015 and 2023. The installed capacity base of CFB boilers is likely to increase from 92.0 GWe in 2014 to 241.9 GWe by the end of 2023.

 

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Demand from Power Sector to Boost Installation of CFB Boilers across Asia

Regionally, the CFB market has been exhibiting a robust growth in China, Japan, and Australia. These countries together accounted for over 34.67% of the global CFB boilers market in 2014. With a share of 17.527% in the global market, South East Asia emerged as the market boasting the second-largest installed capacity base of CFB boiler in the same year. The rapid growth witnessed by the market in Asian countries is largely attributed to the development of power market in India and China. The CFB boilers market also derived momentum from the industrial growth and infrastructural development witnessed in these countries.

TMR pegs the total installed capacity of China, Japan, and Australia as a region segment at 18 GWe in 2014. Rising at a CAGR of 7.14% from 2015 to 2023, it is expected to reach 34.5 GWe by the end of the forecast period.

In developed markets of North America, the demand for ultrasupercritical boilers is expected to be the highest. The oil and gas industry reports the highest demand for CFB boilers in North America. TMR expects the application of CFB boilers to surge in the region’s chemical sector as well. The subcritical boilers segment held the largest share in the Europe CFB boilers market in Europe. The oil and gas industry will report the highest demand for CFB boilers in this region as well.

Oil and Gas Industry Shows Highest Installation, Application in Manufacturing Sector Poised to Increase as Well

The rate of CFB boilers installation is highest in the oil and gas industry as it is one of the largest consumers of power. Over the forecast period, this industry is expected to remain the dominant application segment in the global CFB boilers market. However, TMR expects the application of CFB boilers to significantly increase across chemical, manufacturing, and other industries as well.

Manufacturing commodities require the use of a variety of industrial machineries that directly or indirectly use power. Hence the application of CFB boilers in the manufacturing segment is expected to rise at 12.43% CAGR from 2015 to 2023. Since CFB boilers have fuel-flexibility their installation across manufacturing industries is likely to surge at the fastest pace during the forecast period.

Some of the companies that TMR expects will gain significantly from these market trends include Alfa Laval AB, Bharat Heavy Electricals Ltd., Alstom SA, AE&E Nanjing Boiler Co. Ltd., DongFang Boiler Group Co. Ltd., Babcock & Wilcox Enterprises Inc., Amec Foster Wheeler plc, and others. 

 


Chapter 1 Preface 
1.1 Report description 
1.2 Market segmentation 
     1.2.1 Global CFB boilers market segmentation 
1.3 Report methodology 
1.4 Abbreviations 

Chapter 2 Executive Summary 

Chapter 3 Market Overview 
3.1 Introduction 
3.2 Value chain analysis 
3.3 Market drivers 
     3.3.1 Growing demand for energy in Asia Pacific, and RoW 
     3.3.2 Rising concern for environmental protection and emission control 
     3.3.3 Lower running cost, better fuel flexibility and higher reliability 
3.4 Market restraints 
     3.4.1 High degree of erosion and particle deposition at joints 
3.5 Opportunities 
     3.5.1 Increasing emphasis on clean energy 
3.6 Porter’s five force analysis 
     3.6.1 Bargaining power of suppliers 
     3.6.2 Bargaining power of buyers 
     3.6.3 Threat of new entrants 
     3.6.4 Threat from substitutes 
     3.6.5 Degree of competition 
3.7 CFB boilers: Market attractiveness analysis 

Chapter 4 Global Circulating Fluidized Bed (CFB) Boilers Market: Product Segment Analysis 
4.1 Global CFB Boilers market: Product overview 
4.2 Global CFB boilers installed capacity share, by product, 2014 and 2023
4.3 CFB Boilers Market: Product Analysis Global installed capacity of subcritical CFB boilers, 2014 – 2023, (GWe) 
     4.3.2 Global installed capacity of supercritical CFB boilers, 2014 – 2023, (GWe) 
     4.3.3 Global installed capacity of ultra-supercritical CFB boilers, 2014 – 2023, (GWe) 

Chapter 5 Global Circulating Fluidized Bed (CFB) Boilers Market: Application Analysis 
5.1 Global CFB Boilers market: Application overview 
     5.1.1 Global CFB boilers installed capacity share, by application, 2014 and 2023 
5.2 CFB Boilers Market: Application Analysis 
     5.2.1 Global CFB boilers installed capacity in oil and gas industry, 2014–2023 (GWe) 
     5.2.2 Global CFB boilers installed capacity in manufacturing, 2014 – 2023 (GWe) 
     5.2.3 Global CFB boilers installed capacity in other industries, 2014 – 2023 (GWe) 

Chapter 6 Global Circulating Fluidized Bed (CFB) Boilers Market: Regional Analysis 
6.1 Global CFB Boilers Market: Regional Analysis 
     6.1.1 Global CFB boilers installed capacity share, by region, 2014 and 2023 
6.2 CFB boilers market: Regional analysis 
     6.2.1 North America 
            6.2.1.1 Installed capacity of CFB boilers in North America, by product, 2014 – 2023 (GWe) 
            6.2.1.2 Installed capacity of CFB boilers in North America, by application, 2014 – 2023 (GWe) 
     6.2.2 Europe 
            6.2.2.1 Installed capacity of CFB boilers in Europe, by product, 2014 – 2023 (GWe) 
            6.2.2.2 Installed capacity of CFB boilers in Europe, by application, 2014 – 2023 (GWe) 
     6.2.3 China, Japan and Australia 
            6.2.3.1 Installed capacity of CFB boilers in China, Japan and Australia, by product, 2014 – 2023 (GWe) 
            6.2.3.2 Installed capacity of CFB boilers in China, Japan and Australia, by application, 2014 – 2023 (GWe) 
     6.2.4 India 
            6.2.4.1 Installed capacity of CFB boilers in India, by product, 2014 – 2023 (GWe) 
            6.2.4.2 Installed capacity of CFB boilers in India, by application, 2014 – 2023 (GWe) 
     6.2.5 South East Asia 
            6.2.5.1 Installed capacity of CFB boilers in South East Asia, by product, 2014 – 2023 (GWe) 
            6.2.5.2 Installed capacity of CFB boilers in South East Asia, by application, 2014 – 2023 (GWe) 
     6.2.6 RoW 
            6.2.6.1 Installed capacity of CFB boilers in RoW, by product, 2014 – 2023 (GWe) 
            6.2.6.2 Installed capacity of CFB boilers in RoW, by application, 2014 – 2023 (GWe) 

Chapter 7 Company profiles 
7.1 Alfa Laval AB 
     7.1.1 Company Overview 
     7.1.2 Financial Overview 
     7.1.3 Business Strategies 
     7.1.4 Recent Developments 
7.2 Alstom SA 
     7.2.1 Company overview 
     7.2.2 Financial overview 
     7.2.3 Business strategies 
     7.2.4 Recent developments 
7.3 AE&E Nanjing Boiler Co. Ltd. 
     7.3.1 Company overview 
     7.3.2 Business strategies 
     7.3.3 Recent developments 
7.4 Babcock & Wilcox Enterprises, Inc. 
     7.4.1 Company overview 
     7.4.2 Financial overview 
     7.4.3 Business strategies 
     7.4.4 Recent developments 
7.5 Bharat Heavy Electricals Limited (BHEL), 
     7.5.1 Company overview 
     7.5.2 Financial overview 
     7.5.3 Business strategies 
     7.5.4 Recent developments 
7.6 DongFang Boiler Group Co. Ltd. 
     7.6.1 Company overview 
     7.6.2 Financial overview 
     7.6.3 Business strategies 
     7.6.4 Recent developments 
7.7 Doosan Heavy Industries and Construction Co. Ltd. 
     7.7.1 Company overview 
     7.7.2 Financial overview 
     7.7.3 Business strategies 
     7.7.4 Recent developments 
7.8 Formosa Heavy Industries Corp
     7.8.1 Company overview 
     7.8.2 Financial overview 
     7.8.3 Business strategies 
     7.8.4 Recent developments 
7.9 Amec Foster Wheeler plc 
     7.9.1 Company overview 
     7.9.2 Financial overview 
     7.9.3 Business strategies 
7.10 Harbin Boiler Engineering Co., Ltd. 
     7.10.1 Company overview 
     7.10.2 Business strategies 
7.11 Metso Oyj 
     7.11.1 Company overview 
     7.11.2 Financial overview 
     7.11.3 Business strategies 
     7.11.4 Recent developments 
7.12 Mitsubishi Heavy Industries, Ltd. 
     7.12.1 Company overview 
     7.12.2 Financial overview 
     7.12.3 Business strategies 
     7.12.4 Recent developments 
7.13 Shanghai Boiler Works Co., Ltd. 
     7.13.1 Company overview 
     7.13.2 Financial overview 
     7.13.3 Business strategies 
     7.13.4 Recent developments 
7.14 Thermax. Ltd 
     7.14.1 Company overview 
     7.14.2 Financial overview 
     7.14.3 Business strategies 
     7.14.4 Recent developments 

List of Figures

FIG. 1 Global CFB boilers market segmentation, type, application and geography 
FIG. 2 Global CFB boiler installed capacity, 2014 – 2023 (GWe)
FIG. 3 Value chain analysis of global CFB boilers market 
FIG. 4 Global revenues for construction market and electronics market, 2014 – 2023 (USD Billion)
FIG. 5 Different scenarios For Limiting Global Temperature Rise
FIG. 6 CFB boilers market: Porter’s five force analysis
FIG. 7 CFB boilers market: Market attractiveness analysis
FIG. 8 Global CFB boilers installed capacity share, by product, 2014 and 2023 
FIG. 9 Global installed capacity of subcritical CFB boilers, 2014 – 2023, (GWe) 
FIG. 10 Global installed capacity of supercritical CFB boilers, 2014 – 2023, (GWe)
FIG. 11 Global installed capacity of ultra-supercritical CFB boilers, 2014 – 2023, (GWe)
FIG. 12 Global CFB boilers installed capacity share, by application, 2014 and 2023
FIG. 13 Global CFB boilers installed capacity in oil and gas industry, 2014 – 2023 (GWe) 
FIG. 14 Global CFB boilers installed capacity in chemical industry, 2014 – 2023 (GWe) 
FIG. 15 Global CFB boilers installed capacity in manufacturing industry, 2014 – 2023(GWe)
FIG. 16 Global CFB boilers installed capacity in other industries, 2014 – 2023 (GWe)
FIG. 17 Global CFB boilers installed capacity share, by region, 2014 and 2023 (GWe)

List of Tables

TABLE 1 CFB Boilers market: Global snapshot 
TABLE 2 CFB Boiler types and specifications 
TABLE 3 Drivers for CFB boilers market: Impact analysis 
TABLE 4 World Bank emission requirements vs CFB boiler emissions, parts per million (ppm) 
TABLE 5 Restraints for CFB boilers market: Impact analysis
TABLE 6 Installed capacity of CFB boilers in North America, by product, 2014 – 2023 (GWe)
TABLE 7 Installed capacity of CFB boilers in North America, by application, 2015 – 2023(GWe)
TABLE 8 Installed capacity of CFB boilers in Europe, by product, 2014 – 2023 (GWe)
TABLE 9 Installed capacity of CFB boilers in Europe, by application, 2014 – 2023 (GWe)
TABLE 10 Installed capacity of CFB boilers in China, Japan and Australia, by product, 2014 –2023 (GWe)
TABLE 11 Installed capacity of CFB boilers in China, Japan and Australia, by application, 2014 – 2023 (GWe)
TABLE 12 Installed capacity of CFB boilers in India, by product, 2014 – 2023 (GWe)
TABLE 13 Installed capacity of CFB boilers in India, by application, 2014 – 2023 (GWe)
TABLE 14 Installed capacity of CFB boilers in South East Asia, by product, 2014 – 2023 (GWe)
TABLE 15 Installed capacity of CFB boilers in South East Asia, by application, 2014 – 2023 (GWe)
TABLE 16 Installed capacity of CFB boilers in RoW, by product, 2014 – 2023 (GWe)
TABLE 17 Installed capacity of CFB boilers in RoW, by application, 2014 – 2023 (GWe)

This research study 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. The global CFB boilers market has been segmented into six regions: North America, Europe, China, Japan, Australia, India, South East Asia, and Rest of the World. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the CFB boilers business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global CFB boilers market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global CFB boilers market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The high-level analysis in the report provides detailed insights into the CFB boilers business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the need to reduce carbon footprint and SOx & NOx emissions. Market attractiveness analysis was carried out for the CFB boilers market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

The CFB boilers market was segmented on the basis of type into subcritical, supercritical, and ultra-super critical boilers. The market was also segmented on the basis of application into oil and gas, chemicals, manufacturing, and others (Pulp and paper and food and beverages). CFB boilers vary according to the type of fuel used in power generation. The CFB boilers market was analyzed across six geographies: North America, Europe, South East Asia, India,China, Japan and Australia and Rest of the World. Regional data has been provided for each sub-segment of the CFB boilers market. Key players in the market include 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., Metso Oyj, Mitsubishi Heavy Industries, Ltd., Shanghai Boiler Works Co., Ltd., and Thermax Ltd. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Circulating Fluid Bed Boilers Market: By Type

  • Subcritical
  • Supercritical
  • Ultra-supercritical

Circulating Fluid Bed Boilers Market: By Application

  • Oil and Gas
  • Chemicals
  • Manufacturing
  • Others

Circulating Fluid Bed Boilers Market: By Region

  • North America
  • Europe
  • China, Japan and Australia
  • India
  • South East Asia
  • Rest of the World