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Global Circulating Fluidized Bed (CFB) Boiler Market’s Installed Capacity to Rise at 11.25% CAGR 2015 - 2023

Posted on May 26, 2016

Transparency Market Research (TMR) has announced the release of a new report on the global circulating fluidized bed (CFB) boiler market. The market is analyzed with respect to its geographical segmentation, product segmentation, its competitive landscape, and the key trends influencing its trajectory. The report, titled ‘Global Circulating Fluidized Bed (CFB) Boilers Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023,’ is available on TMR’s website for sale.

Browse the full Global Circulating Fluidized Bed (CFB) Boilers (Subcritical, Supercritical, and Ultra-supercritical) Market for Power Generation - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/cfb-market.html

Circulating fluidized bed boilers are a relative new design of boilers and work in a similar fashion to the bellows employed by blacksmiths. Coal, which is the most commonly used fuel in boilers, is kept suspended in midair in circulating fluidized bed boilers by a jet of pressurized air flowing from underneath the furnace. Separate nozzles provide the streams of air that keep the coal suspended and ignite it, which increases the efficiency of circulating fluidized bed boilers. The increase in the efficiency and the savings that can be accrued cumulatively due to the use of circulating fluidized bed boilers have driven the global market for the same.

According to the TMR report, the global installed capacity of circulating fluidized bed boilers is expected to rise from 92 GWe to 241.9 GWe from 2014 to 2023, exhibiting an 11.25% CAGR between 2015 and 2023.

The primary driver of the global circulating fluidized bed boiler market is the higher reliability and efficiency of the technology in comparison to conventional boilers. CFB boilers also allow operators to use a range of fuels, which is a major upgrade over conventional boilers, which are designed according to the fuel to be used and thus can accommodate only a small range of alternative fuels. The global CFB boilers market is also driven by the increasing government support for technologies that cut down on the amount of pollutants generated during combustion.

According to product type, subcritical circulating fluidized bed boilers held a dominant 60% share in the global market in 2014. Other major product types in the global circulating fluidized bed boiler market are supercritical CFB boilers and ultra-supercritical CFB boilers. The report briefs the readers about each product segment of the market in 2014 and its expected performance till 2023.

According to application, the oil and gas industry took up a 36% share in the global CFB boiler market. The oil and gas industry’s use of CFB boilers is trailed closely by the chemicals industry, which accounted for 34% of the global CFB boiler market in 2014.

The report also examines the performance of six major regional segments of the global circulating fluidized bed boiler market: China, Japan, and Australia, North America, Europe, Southeast Asia, India, and the rest of the world. The expected trajectory of the CFB boiler market in these regions from 2014 to 2023 is elaborated upon in the report.

In terms of competitive dynamics, the report profiles major players such as Alfa Laval AB, BHEL (Bharat Heavy Electricals Ltd.), Doosan Heavy Industries and Construction Co. Ltd., Babcock & Wilcox Enterprises, Inc., Thermax. Ltd., Harbin Boiler Engineering Co., Ltd., Alstom SA, DongFang Boiler Group Co. Ltd., Metso Oyj, Shanghai Boiler Works Co., Ltd., and Mitsubishi Heavy Industries, Ltd.

The global circulating fluidized bed boiler market is segmented as follows:

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

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