Circulating Fluid Bed Boilers Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
28 Jun, 2023
The global circulating fluid bed boilers market size is expected to grow from $36.22 billion in 2022 to $38.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global circulating fluid bed boilers market size is expected to reach $48.01 billion in 2027 at a CAGR of 5.5%.
Global Circulating Fluid Bed Boilers Market Key Driver
The use of coal is likely to expand in the future, propelling the growth of the circulating fluid bed boiler market. Coal is a black rock that can be extracted from the ground and used as fuel. A circulating fluid bed boiler is popular in coal-fired power stations, where it provides steam to power massive turbines and converts the mineral component of coal into ash after combustion.
Get a sample of the global circulating fluid bed boilers market reportGlobal Circulating Fluid Bed Boilers Market Segments
The global circulating fluid bed boilers market is segmented:
1) By Product: Subcritical CFB Boilers, Supercritical CFB Boilers, Ultra-Supercritical CFB Boilers
2) By Fuel Type: Coal, Biomass, Other Fuel Types
3) By Capacity: Less Than 100 MW, 100-200 MW, 200-300 MW, 300 MW And Above
4) By Application: Oil And Gas, Power, Chemicals, Manufacturing, Other Application Types
5) By Geography: The regions covered in the circulating fluid bed boilers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global circulating fluid bed boilers market.
Major Circulating Fluid Bed Boilers Industry Players
Mitsubishi Heavy Industries Ltd., Valmet Corporation, Andritz AG, Industrial Boilers America Inc., Alstom Power Inc., Sumitomo Heavy Industries Ltd., Babcock & Wilcox Enterprises Inc., Thermodyne Engineering Systems, EBARA Environmental Plant Co. Ltd., General Electric Company, JFE Engineering Corporation, Doosan Heavy Industries & Construction Co. Ltd., Taipower Heavy Industries Corporation, Amec Foster Wheeler plc, Harbin Boiler Engineering Co. Ltd., Metso Outotec Corporation, Emerson Boiler Inc., Formosa Heavy Industries Corporation, Zhengzhou Boiler Co. Ltd.
Get the full global circulating fluid bed boilers market report
Circulating Fluid Bed Boilers Market Overview
Circulating fluid bed boilers refer to a type of power plant boiler that uses a circulating fluidized bed combustion process to burn coal, biomass, waste, or other fuels. It is flexible and cost-effective power plant boiler that can burn various fuels and offer reliable and sustainable power generation solutions.
Circulating Fluid Bed Boilers Global Market Report 2023 provides data on the global circulating fluid bed boilers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The circulating fluid bed boilers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.