Global Circulating Fluidized Bed Boiler Market was over USD 38 billion in 2018 and is expected to grow over 400 GW by 2025.
To obtain key market trends
Circulating fluidized bed boiler is a high-tech application of coal combustion to meet low emission levels. CFB reactors solves the heat removal problem plaguing a fixed bed reactor. The combustion process offers the versatility to burn a very wide variety of fuels with lower emissions and maximum efficiency. It has a greater gas velocity within the furnace compared to bubbling fluidized bed (BFB) boiler and initiates the gas & particle mixture to enhance the combustion reaction. Additionally, the fuel & fuel sand are cycled back to the furnace and are collected by a cyclone, thus ensuring high combustion efficiency. Market analysis of the worldwide CFB boiler installation scenarios split on the basis of region and country-wise across utility, oil & gas, petrochemical, chemical applications is included in the study. Additionally, the forecasts and estimates are in line with data illustrated by ruling institutions such as the EU, IEA, EIA, related company releases and regional regulatory institutions.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Circulating Fluidized Bed Boiler Market Size in 2018 | 38 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| 2025 Value Projection | 50 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 470 |
| Tables, Charts & Figures | 760 |
| Segments covered | Product, Capacity, Application, Fuel |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the opportunities for growth in this market?
Pulverized coal is mostly utilized by major energy-intensive industries for the development of their ultimate end products. But the low-quality (high ash content) coal being provided to them remain unused most of the time. Thus, various industry players are establishing their captive power plants with CFB technologies to utilize power for internal consumption. World circulating fluidized bed boiler market size, led by the capability to effectively decrease harmful NOx and SOx emissions without making any special environmental adjustments, will propel the worldwide circulating fluidized bed boiler industry size during the forecast period. The worldwide boiler market is expected to experience 5.5% CAGR and reach above USD 180 billion during 2032.
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Circulating Fluidized Bed Boiler Market Analysis
Supercritical steam generators are those boilers that run at pressure and temperature between 538-565 0C and over 3,200 psi respectively. They are drum-less and variable evaporation endpoint. Due to this, the evaporation is done through the evaporator at a single pass. They are used almost entirely for producing electricity and as compared to other alternatives, there is no bubble formation. There has been continuous technological development that has led to the implementation of a new set of materials that are able to endure high pressure and temperature that accompany supercritical boilers. The market demand for the technology has grown tremendously in new power plants primarily in Asia Pacific and Europe. The past decade has seen substantial installation of the technology primarily in existing electricity generating plants as a substitute for subcritical boilers.
Find out more about the primary segments driving this market
Over the last few years the majority of industry players are concentrating on varied fuel sources to meet their rising energy needs. This in turn has taken a positive toll on the demand for the <100 MW CFBC boilers. Increasing environmental issues related to industrial emissions is one of the primary underlying market drivers which has influenced the industry dynamics. In the past ten years, utilization of multi fuel plants has seen high growth due to the fact that they help in cutting down energy expenses and emitting low levels of pollutants. Simple availability of raw materials in the form of industrial waste is also contributing to increasing use of low capacity CFB boilers across industry.
Find out more about the dominant segments influencing this market
The utility segment is primarily made up of, several merchant & independent power producers, who are engaged in business only for electricity generation. There have been huge investments made in the last decade on utility segments to efficiently meet the increasing power demand. Utilities are always on the lookout for the technologies that can efficiently perform under unfavorable conditions regardless of the raw materials they are offered. Consequently, the demand for the high capacity CFB heating systems is gaining extensive popularity worldwide. High capacity utilization factor (CUF), and affordable prices are some of the key characteristics that are promoting the use of these boilers throughout the utility.
The quality of internationally traded coal has declined considerably over the last five years. Hence, it has become indispensable for the operators of the plant to install those technologies that are capable enough to achieve significant CUF through the heating of low-grade materials. Circulating fluidized bed boilers can effectively burn all coals of grades with heating values, varying between 3,900 to 8,000 kcal/kg. Increased demand for emission-free sustainable power generation systems will propel the circulating fluidized bed boiler market size in utilities.
Sustained transition to the use of clean energy fuel sources for electricity generation has accelerated the penetration of renewable technologies in various sectors. Simple accessibility of these sources coupled with sustained efforts towards mitigating global warming has speeded up the installation of biomass based circulating fluidized bed boiler. These boilers not only restrict the release of toxic emission content but also suppress the dependence on non-renewable energy systems & sources. During the past five years, CFBC technology has enabled biogas based power generation systems to aid plant owners for economic installation of sustainable power generation systems. Increased concerns towards negative impacts on the environment due to heavy reliance on fossil fuel resources will have driven technology adoption in various sectors. Additionally, with the integration & installation of various emission control systems, the operators not only get to enhance their plant efficiency but also enhance the environmental performance of the plant. Regulators & policy makers worldwide are implementing various incentives and rebates, which will have the tendency to drive biomass-based circulating fluidized bed boiler industry growth.
Seeking region specific data?
Resurgent economic growth coupled with increasing investments towards the upgradation of industrial facilities will drive the Asia Pacific circulating fluidized bed boiler market growth. Ever-increasing demand for energy in the industrial sector with the constant endeavors towards the establishment of new facilities has generated significant growth opportunity. The availability of a strong manufacturing base has also hastened the installation of sustainable energy solutions. Growing demand for manufactured products by final consumers owing to consistent population growth and rising per capita income has improved the manufacturing output in the region. To provide stable operation, market participants in the region demand have invested considerably to upgrade their capacity, which will further drive the CFB boiler industry growth.
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Circulating Fluidized Bed Boiler Market Share
Manufacturers are investing aggressively toward industry research & development to manufacture new products focused on safety integrated features and low carbon emissions. Organizations are focusing on launch of new boiler systems with monitoring systems across several regions with untapped potential and extend their service portfolio to attain competitive edge over other industry players.
The major market players operating across the circulating fluidized bed boiler market includes
- Babcock and Wilcox Enterprises
- Bharat Heavy Electricals Limited
- IHI
- AMEC Foster Wheeler
- Doosan Heavy Industries & Construction
- Forbes Marshall
- Mitsubishi Hitachi Power Systems
- General Electric
Circulating Fluidized Bed boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “GW” and ‘USD” from 2014 to 2025, for the following market segments
By Product
- Subcritical
- Supercritical
- Ultra-Supercritical
By Capacity
- < 100 MW
- 100 MW - 200 MW
- 200 MW - 300 MW
- > 300 MW
By Application
- Utility
- Oil & Gas
- Petrochemical
- Chemical
By Fuel
- Coal
- Biomass
The above information is provided on a regional & country basis for the following
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Poland
- Italy
- Spain
- Austria
- Germany
- Sweden
- Russia
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Philippines
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kenya
- Morocco
- Nigeria
- South Africa
- Latin America
- Brazil
- Argentina
- Chile
Frequently Asked Questions (FAQ)
What was the estimated global circulating fluidized bed boiler market size in 2018?
The registered value for circulating fluidized bed boiler market was $38 billion in 2018.
How much valuation will the circulating fluidized bed boiler market register in the year 2025?
Predicted revenue share of circulating fluidized bed boiler market is $50 billion by 2025.
Which factors are likely to boost the adoption of circulating fluidized bed boilers?
The fact that CFB boilers help accomplish low emission standards, resolve heat removal issues, and ensure burning of numerous fuels with reduced emissions may boost product adoption.
What parameters may push the demand for circulating fluidized bed boilers across the utility sector?
Utilities are consistently on the lookout for technologies that function amid dire conditions, which has increased the demand for high capacity CFB boilers across the utility sector.
How much is the probability of APAC emerging as a vital avenue for circulating fluidized bed boiler industry?
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