Global Circulating Fluidized Bed (CFB) Boilers Market was valued US$ XXBn in 2019 and is expected to reach US$ XXBn by 2027, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The CFB boilers market has seen a substantial growth over the past three years because of increased need for power. Also, companies are using CFB boilers to follow stringent government regulations affecting to gas emission which is also a driving factor. Additionally, CFB boilers operate at comparatively lower temperatures as compared to conventional boilers, dropping the gas emission levels considerably. Low emission of gases such as carbon dioxide, sulfur dioxide and nitrogen dioxide make CFB boilers eco-friendly which is a key driver for the market growth. Furthermore, flexibility in use of fuels reduces the burden on depleting reserves of coal, as CFB encourages the use of other fuels. The CFB boilers also decrease the operational cost of boilers and power plants, which is another driving factor for the market. Nevertheless, the market could be hindered in the event of design flaws in the boiler which is likely to lead to depositions and corrosion of the boiler surface, and high maintenance cost of CFB boilers may limit their installation.
By application, the oil and gas industry is using CFB boilers on a larger scale in their routine operations as compared to other industry verticals thus, it would have the maximum revenue in the market. The chemical industry is anticipated to increase the use of CFB boilers because of operational efficiency and reduced gas emission. Therefore, it is expected that the chemical industry would have the highest growth rate in the market.
Geographically, North American market is the most developed market for CFB boilers as companies in this region adopted the CFB technology much earlier caused by stringent gas emission laws and control operational cost. The Asia-Pacific region has the highest demand for energy, as most countries in this region are emerging countries and industrial energy needs are very high. Therefore, it is projected that the CFB boilers market would have the highest demand in this region.
The report analyzes the market for circulating fluidized bed (CFB) boilers in terms of installed capacity (GWe). The market has been segmented on the basis of type, application, and region. For the research, 2017 has been taken as the base year, while all forecasts have been given for the period from 2018 to 2026. Market data for all the segments has been delivered at the regional as well as country-specific level from 2018 to 2026. The report provides a comprehensive competitive analysis of companies engaged in the CFB boilers business.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global circulating fluidized bed (CFB) boilers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global circulating fluidized bed (CFB) boilers market.
Scope of Global Circulating Fluidized Bed (CFB) Boilers Market
Global Circulating Fluidized Bed (CFB) Boilers Market, By Type
Global Circulating Fluidized Bed (CFB) Boilers Market, By Application
• Oil and Gas
Global Circulating Fluidized Bed (CFB) Boilers Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in Global Circulating Fluidized Bed (CFB) Boilers Market
• Alfa Laval AB
• Alstom SA
• 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.
• Thermax Ltd.