Global Circulating Fluidized Bed Boilers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Circulating Fluidized Bed Boilers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global circulating fluidized bed boilers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global circulating fluidized bed boilers market report has been segmented on the basis of product type, technology, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global circulating fluidized bed boilers market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Fluidization is a process of liquefaction of dispersed solid material in a stream of gas when passed up through the granular material. The layer of solid body particles suspended in flowing gas forms fluidized bed. The fluidized bed of a boiler contains mainly particles of an inert material such as, sand or ash, including particles of SO2 sorbents. The circulating fluidized bed boiler units use fluidized bed materials such as, silica sand for the combustion of coal or any solid fuels to generate heat or to generate power.
Increasing concerns about environment pollution that occurs due to emissions of air pollutants during coal combustion is a key factor to drive growth of the global circulating fluidized bed boilers market during the forecast period. Circulating fluidized bed boilers improves combustion reaction and improves combustion efficiency that helps to reduce emission of hazardous air pollutants during solid fuel combustion process.
In addition, increasing adoption of circulating fluidized bed boiler among various industries to meet emission standards without installing expensive backend equipment is expected to support growth of the global circulating fluidized bed boilers market. The circulating fluidized bed boiler collect hazardous pollutants such as low sulphur oxides (SOx), nitrogen oxides (NOx), particulate matter (PM), and carbon dioxide (CO2) and recirculate it into the furnace to improve level of combustion and reduce air pollution.
Furthermore, increasing government concerns over strict adherence to toxic standards and policies is expected to boost growth of the global circulating fluidized bed boilers market. For example, Title IV of the 1990 Amendments to the Clean Air Act (CAA) is a comprehensive air quality law which is effective across the globe and administered by the U.S. Environmental Protection Agency (EPA) to address the problems of acid rain, ozone depletion, and toxic air pollution.
Increasing adoption of circulating fluidized bed boilers among multiple industries is expected to boost growth of the global market owing to multiple fuel flexibility compatibility of circulating fluidized bed boilers such as, low-grade coal, husk, sludge, wood, waste plastics, waste tires, industrial & agricultural waste, and biomass.
However, low unit capacity associated with circulating fluidized bed technology is a major factor expected to restraint growth of the global market.
The market in North America is expected to dominate the global market owing to growing demand to decrease dependence on grid power by increasing dependence on bioenergy in countries in the region. Market in Asia Pacific is expected to witness lucrative growth owing to growing demands for circulating fluidized bed boilers for combustion of coal and biomass to reduce harmful emissions of air pollutants. The Latin America and Middle East and Africa are expected to witness significant growth in the near future owing to increasing modernization of current power generation facilities and awareness about increased air pollution.
Global Circulating Fluidized Bed Boilers Market Segmentation:
Global market segmentation, by product type:
- Subcritical Circulating Fluidized Bed Boilers
- Supercritical Circulating Fluidized Bed Boilers
- Ultra-supercritical Circulating Fluidized Bed Boilers
Global market segmentation, by technology:
- Cold Cyclone Fluidized Bed combustion
- Bubbling Fluidized Bed combustion
- Pressurized Fluidized Bed combustion
Global market segmentation, by application:
- Oil & Gas
- Chemicals and Petrochemicals
- Coal Industries
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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.
- Mitsubishi Heavy Industries, Ltd.
- Shanghai Boiler Works Co., Ltd.
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