Circulating Fluidized Bed (CFB) Boilers Market
Circulating Fluidized Bed (CFB) Boilers Market - Global Industry Assessment & Forecast
#
Pages:
152
2023
Sep - 2024
VMR-VMR-2021-0307
Segments Covered
By
Power Output Oil & Gas, Power, Chemical, Manufacturing, Others
-
By
End Use Subcritical CFB boiler, Supercritical CFB boiler, Ultra-Supercritical boiler
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 789.09 Million |
 Revenue 2032:
|
USD 1120.02 Million |
 Revenue CAGR
(2024 - 2032): |
4.5% |
Fastest Growing Region (2024 -
2032)
|
xx |
Largest Region (2023):
|
xx |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Key Insights
The Global Circulating Fluidized Bed (CFB) Boilers Market is valued at USD 789.09 Million in 2023 and is projected to reach a value of USD 1120.02 Million by 2032 at a CAGR (Compound Annual Growth Rate) of 4.5% between 2024 and 2032.
Definition And Overview
Circulating Fluidized Bed (CFB) Boilers is a process of providing boilers and power plants maximum flexibility in burning variety of fuels. Circulating fluidized bed boilers are designed to provide high gas velocity in furnace. CFB boilers are capable of combusting different fuel compounds such as bituminous coal, brow coal, wood biomass, and others.
The report covers in-depth study on the global Circulating Fluidized Bed (CFB) Boilers market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Circulating Fluidized Bed (CFB) Boilers market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.
Circulating Fluidized Bed (CFB) Boilers Market Size, 2023 To 2032 (USD Million)
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COVID-19 Impact Analysis
The wise spread COVID-19 outbreak has impacted several industries including Circulating Fluidized Bed (CFB) Boilers. The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2023 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Industry Analysis
The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Circulating Fluidized Bed (CFB) Boilers market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.
- The technology has witnessed an enhanced importance primarily in energy production which is driving factor for the growth of Circulating Fluidized Bed (CFB) Boilers Market.
- Additional fuels available from coal mines such as pet coke, coal blends and low grade coal needs to be purified and requires circulating fluidized beds, this need is driving factor for Circulating Fluidized Bed (CFB) Boilers Market.
- Expensive in term of capital and large expence is hindering the Circulating Fluidized Bed (CFB) Boilers Market.
Market Segmentation
The report delivers an acute breakdown of the market based on various segments such as Type, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 2018–2032. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Circulating fluidized bed scrubber, Circulating fluidized bed gasification system. Single Function held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based on Application, the market is divided into Oil and Gas, Chemicals, Manufacturing, Others. Marine Industry attributed to the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.
Report Coverage & Deliverables
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Competitive Landscape
The global Circulating Fluidized Bed (CFB) Boilers market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Circulating Fluidized Bed (CFB) Boilers market are Outotec, Emerson, Rafako, Mitsubishi Heavy Industries, Lechler, Bosch Thermotechnology, Doosan Lentjes, Babcock & Wilcox, GE Power, Andritz Group.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.
Global Circulating Fluidized Bed (CFB) Boilers Market : Regional Analysis
Based on the geography, the global Circulating Fluidized Bed (CFB) Boilers market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2018–2032. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same. Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Circulating Fluidized Bed (CFB) Boilers market.
The global Circulating Fluidized Bed (CFB) Boilers market can be categorized as Type, Application, End-Use Industry, and Region.
| Parameter | Details |
|---|---|
| Segments Covered |
By Power Output
By End Use
By Region
|
| Regions & Countries Covered |
|
| Companies Covered |
|
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
| Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
FAQ
Frequently Asked Question
What is the global demand for Circulating Fluidized Bed (CFB) Boilers in terms of revenue?
-
The global Circulating Fluidized Bed (CFB) Boilers valued at USD 789.09 Million in 2023 and is expected to reach USD 1120.02 Million in 2032 growing at a CAGR of 4.5%.
Which are the prominent players in the market?
-
The prominent players in the market are 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., Typeosa Heavy Industries Corp, Amec Foster Wheeler plc, Harbin Boiler Engineering Co. Ltd., Metso Oyj, Mitsubishi Heavy Industries Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.5% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Circulating Fluidized Bed (CFB) Boilers include
Which region accounted for the largest share in the market?
-
xx was the leading regional segment of the Circulating Fluidized Bed (CFB) Boilers in 2023.
