The global circulating fluidized bed (CFB) boiler market size reached US$ 770 million in 2023. The market is projected to reach US$ 1,150 million by 2032, exhibiting a growth rate (CAGR) of 4.59% during 2023-2032. The escalating demand for large-scale energy generation across the globe, favorable government initiatives promoting the production and usage of clean energy, and considerable growth in the oil and gas industry represent some of the key factors driving the market.
Circulating fluidized bed (CFB) boilers refer to industrial boilers which are designed to provide high gas velocity in the furnace and provide maximum flexibility in burning fuels of varying flammability. They are capable of combusting different fuel compounds such as bituminous coal, brown coal, sludge, RPF (refuse paper and plastic fuel), waste tires, wood biomass, anthracite, and petroleum coke. In addition to this, these boilers offer higher combustion efficiency than conventional bubbling fluidized bed (BFB) boilers. CFB reactors address the heat removal issues that affect a fixed bed reactor and are used for coal combustion to achieve low emission standards. Circulating fluidized bed boilers are therefore an environmentally friendly alternative to coal-fired boilers as they aid in reducing carbon emissions. As a result, CFB boilers are primarily used for power generation, which effectively reduces carbon emissions. In addition to this, they provide fuel flexibility by effectively using low-grade coal and other industrial waste products to generate power.
Circulating fluidized bed (CFB) boilers refer to industrial boilers which are designed to provide high gas velocity in the furnace and provide maximum flexibility in burning fuels of varying flammability. They are capable of combusting different fuel compounds such as bituminous coal, brown coal, sludge, RPF (refuse paper and plastic fuel), waste tires, wood biomass, anthracite, and petroleum coke. In addition to this, these boilers offer higher combustion efficiency than conventional bubbling fluidized bed (BFB) boilers. CFB reactors address the heat removal issues that affect a fixed bed reactor and are used for coal combustion to achieve low emission standards. Circulating fluidized bed boilers are therefore an environmentally friendly alternative to coal-fired boilers as they aid in reducing carbon emissions. As a result, CFB boilers are primarily used for power generation, which effectively reduces carbon emissions. In addition to this, they provide fuel flexibility by effectively using low-grade coal and other industrial waste products to generate power.
Circulating Fluidized Bed (CFB) Boiler Market Trends
The escalating demand for large-scale energy generation across the globe is a significant factor that is driving the market. This can be attributed to a considerable rise in investments for the upgradation of industrial facilities, particularly in the developing economies. In line with this, favorable government initiatives promoting the production and usage of clean energy are providing an impetus to the market. Also, the augmenting need for reduced NOx (oxides of nitrogen) and COx (oxides of carbon) emissions on the global level is resulting in a higher uptake of CFB boilers across numerous end-use industries. However, the high maintenance cost of CFB boilers, lower possibility of casting materials and the depletion of fossil fuels are acting as major growth-restraining factors for the market. On the contrary, the usage of lower amount of fuel as compared to the higher amount of high temperature materials present inside CFB boiler chambers is creating a positive outlook for the market. Apart from this, the market is further fueled by considerable growth in the oil and gas industry. Some of the other factors contributing to the market include rapid urbanization and industrialization, proliferation of the manufacturing industry, rising environmental concerns, and extensive research and development (R&D) activities conducted by the key players.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global Circulating Fluidized Bed (CFB) boiler market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product, capacity, fuel type, and application.Product Insights
- Subcritical
- Supercritical
- Ultra-supercritical
Capacity Insights
- Less than 100 MW
- 100-200 MW
- 200-300 MW
- 300 MW and Above
Fuel Type Insights
- Coal
- Biomass
- Others
Application Insights
- Energy and Power
- Industrial
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Competitive Landscape
Key Questions Answered in This Report:
- How has the global Circulating Fluidized Bed (CFB) boiler market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global Circulating Fluidized Bed (CFB) boiler market?
- What are the key regional markets?
- Which countries represent the most attractive Circulating Fluidized Bed (CFB) boiler markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global Circulating Fluidized Bed (CFB) boiler market?
- Who are the key players/companies in the global Circulating Fluidized Bed (CFB) boiler market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Circulating Fluidized Bed (CFB) Boiler Market
6 Market Breakup by Product
7 Market Breakup by Capacity
8 Market Breakup by Fuel Type
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Andritz AG
- Babcock & Wilcox Enterprises Inc.
- Formosa Heavy Industries Corp. (Formosa Plastics Corporation)
- General Electric Company
- Industrial Boilers America
- JFE Engineering Corporation (JFE Holdings Inc.)
- Rafako S.A.
- Shanghai Electric
- Sumitomo Heavy Industries Ltd.
- Valmet Oyj
- Wuxi ZOZEN Boiler Co. Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 770 Million |
| Forecasted Market Value ( USD | $ 1150 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
