Global Circulating Fluidized Bed (CFB) Boiler Market Size, Trends & Growth Opportunity, By Type (Subcritical CFB boiler, Supercritical CFB boiler, and Ultra-Supercritical boiler), By Feedstock, By End User (Oil & Gas, Power, Chemical, Manufacturing, and Others), By Region and Forecast till 2027
Report ID : QR1001328 | Industries : Semiconductors and Electronics | Published On :January 2022 | Page Count : 243Global Circulating Fluidized Bed (CFB) Boiler Market
Global Circulating Fluidized Bed (CFB) Boiler Market was valued at USD 448.23 million in 2020 and it is expected to reach USD 1,025 million by 2027 at a CAGR 8.9%.
Circulating fluidized bed (CFB) is defined as a process of providing boilers & power plants maximum flexibility in burning variety of fuels. Circulating fluidized bed boilers are designed to provide high gas velocity in furnace. Circulating Fluidized Bed boilers supports wide variety of fuels as compared to bubbling fluidized bed boiler. These boilers are well suited to be used with bituminous coal, biomass, anthracite, petroleum coke, paper sludge, refuse paper & plastic fuel, and waste tires. In addition, these boilers offer high combustion efficiency as compared to BFB boilers.
Market Drivers
Global Circulating Fluidized Bed (CFB) Boiler Market has experienced steady growth over few years and it is expected to witness significant expansion in near future, due to the increase in concern over strict adherence to toxic standards and policies. Industrial progress & infrastructural development witnessed across developing countries have considerably raise the energy demand. During this period both economic & social changes are paired with technological innovation, leading to a massive manufacturing growth where the economy itself, is organizing for the purpose of manufacturing.
Coal is one of the important & cheapest sources of energy. With the increase in usage of coal, the environmental concern has also increased. The coal combustion releases harmful gases such as Sulphur oxide, nitrogen oxide, carbon and other harmful gases which is the mail reason for global warming, environmental degradation, and acid rain. Many Governments investing a huge amount in research to resolve the carbon emission issue which expected to support the market growth over the forecast period. Also, the circulating fluidized bed boilers are mainly used for the electricity generation which helps to keep carbon emission under control.
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Market Restraints
Circulating Fluidized Bed (CFB) boilers are vulnerable to wear & tear, which, in turn, increases its maintenance cost & hampers the CFB market growth. Casting materials used in CFB boilers is a major threat, due to particles that fall with high velocity inside the CFB boilers.
Market Segmentation
Global Circulating Fluidized Bed (CFB) Boiler Market is segmented into type such as Subcritical CFB boiler, Supercritical CFB boiler, and Ultra-Supercritical boiler, by feedstock such as Coal, Petcoke, and Biomass. Further, market is segmented into end user such as Oil & Gas, Power, Chemical, Manufacturing, and Others. Also, the market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa.
Key Players
The major companies profiled in this report include JFE Engineering Corporation, Valmet, Andritz, Industrial Boilers America, Alstom, Sumitomo Heavy Industries Ltd., Mitsubishi Power, Babcock & Wilcox Enterprise Inc., Thermodyne Engineering Systems, EBARA Environmental Plant Co. Ltd., etc.
Market Taxonomy
By Type
- Subcritical CFB boiler
- Supercritical CFB boiler
- Ultra-Supercritical boiler
By Feedstock
- Coal
- Petcoke
- Biomass
By End User
- Oil & Gas
- Power
- Chemical
- Manufacturing
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Circulating Fluidized Bed (CFB) Boiler Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Circulating Fluidized Bed (CFB) Boiler Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Circulating Fluidized Bed (CFB) Boiler Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Circulating Fluidized Bed (CFB) Boiler Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
5.3 Global Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Type
5.3.1 Subcritical CFB boiler
5.3.2. Supercritical CFB boiler
5.3.3. Ultra-Supercritical boiler
6 Global Circulating Fluidized Bed (CFB) Boiler Market, By Feedstock
6.1 Y-o-Y Growth Comparison, By Feedstock
6.2 Global Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Feedstock
6.3 Global Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
6.3.1 Coal
6.3.2 Petcoke
6.3.3. Biomass
7 Global Circulating Fluidized Bed (CFB) Boiler Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By End User
7.3 Global Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
7.3. 1 Oil & Gas
7.3.2. Power
7.3.3. Chemical
7.3.4. Manufacturing
7.3.5. Others
8 Global Circulating Fluidized Bed (CFB) Boiler Market, By Region
8.1 Global Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Region
8.2 Global Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Region
8.3 Global Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Region
9 North America Circulating Fluidized Bed (CFB) Boiler Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
9.3 North America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
9.4 North America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
9.5 North America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Circulating Fluidized Bed (CFB) Boiler Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
10.3 Europe Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
10.4 Europe Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
10.5 Europe Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Circulating Fluidized Bed (CFB) Boiler Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
11.3 Asia Pacific Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
11.4 Asia Pacific Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
11.5 Asia Pacific Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Circulating Fluidized Bed (CFB) Boiler Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
12.3 Latin America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
12.4 Latin America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
12.5 Latin America Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Circulating Fluidized Bed (CFB) Boiler Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Circulating Fluidized Bed (CFB) Boiler Market Share Analysis, By Type
13.3 Middle East Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Feedstock
13.4 Middle East Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By End User
13.5 Middle East Circulating Fluidized Bed (CFB) Boiler Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 JFE Engineering Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Valmet
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Andritz
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Industrial Boilers America
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Alstom
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Sumitomo Heavy Industries Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Mitsubishi Power
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Babcock & Wilcox Enterprise Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Thermodyne Engineering Systems
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 EBARA Environmental Plant Co. Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies