Market Highlights

CFB Boiler is characterized by its compatibility with variety of fuels including low grade coal biomass and others whereas, conventional boilers for power generation are available only for fossil fuels such as high grade coal and oil and gas. Circulating Fluidized Bed (CFB) boilers using fossil and renewable energy sources have been successful in operation for the last two decades and have become popular due to their impressive environmental performance as well as their fuel flexibility. CFB Boiler, also circulating fluidized bed boilers, widely applied in oil & gas, chemicals, manufacturing and others. This allows for a wide range of fuels to be burned efficiently. This includes low-grade and difficult-to-burn fuels such as lignite, petroleum coke, oil shale, and biomass within a wide range of mixing rates. Circulating Fluidized Bed (CFB) boiler has played an important role in high efficient utilizing of coal resource due to its excellent fuel flexibility and environmental friendly performance. It developed as the beneficial supplement of pulverized coal boiler rapidly. The global Circulating Fluid Bed Boilers market is poised to grow at an estimated CAGR of 2.5% through the forecast period.

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Industry Segmentation

Fluidized bed combustion and its two basic technologies segmented as bubbling fluidised bed (BFB) and circulating fluidised bed (CFB) technology. Fluidized bed combustion (FBC) has been and continues to be the backbone of Finnish power plant boiler technology. FBC provides a solution that is inexpensive and flexible in terms of fuel choice. This solution has improved the profitability of heat and electricity cogeneration, making it a more viable option in application areas such as district heating. Industrial progress and infrastructural development witnessed across developing countries have considerably fuelled the energy demand. Major industries that benefit from this technology include textiles, paper, fertilizer, chemicals and petroleum refining. Additionally, benefits such as solving energy crisis and decreased dependence on grid power push the market towards growth. Continuous depletion of these resources on a large scale, high degree of carbon emission into the atmosphere, and rising quantity of hazardous waste from energy generation processes are some of the important factors affecting the energy generation market. Geographically, Asia-Pacific is showing a demand for circulating fluid bed boilers. Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers.

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Key Players:

We recognize the key players in the global circulating fluid bed boilers market as Alfa Laval AB (Sweden), Alstom SA (France), Dongfang Boiler Group Co., Ltd. (China), AE&E Nanjing Boiler Co., Ltd (China), Babcock & Wilcox Enterprises (U.S.), Bharat Heavy Electricals Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Shanghai Boiler Works Co., Ltd (China), Thermax. D Ltd (India) and Doosan Heavy Industries & Construction Company Limited (UAE).

Regional Outlook

The geographic market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW).

North America region is the leading market for Circulating Fluid Bed Boilers market and is followed by Europe. Rising awareness for the need to control gas emission and increase operational efficiency are some of the factor driving the market towards growth.

Countries located in Asia Pacific is expected to account for higher share in the globally installed capacity base of CFB boilers. Moreover, rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the demand for circulating fluid bed boilers.

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