Circulating Fluidized Bed Boilers Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Subcritical, Supercritical, Ultra Supercritical), By Feedstock (Coal, Petcoke, Biomass), By Capacity (Less than 100 MW, 100-200 MW, 200-300 MW, 300 MW & Above), By Fuel Type (Coal, Biomass, Others), By Application (Energy & Power, Oil & Gas, Industrial, Others), By Region, and By Competition, 2018-2028

Industry : Power
Pages : NA
Published Date : NA

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Summary

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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 512.89 Million
CAGR (2023-2028)	8.77%
Fastest Growing Segment	Ultra Supercritical
Largest Market	North America

Market Overview

The global Circulating Fluidized Bed (CFB) Boilers market has witnessed substantial growth and transformation in recent years, driven by a confluence of factors reshaping the energy and industrial landscape. CFB boilers have emerged as a critical technology in the transition to cleaner and more sustainable energy sources. These boilers, known for their fuel flexibility, efficiency, and low emissions, have found widespread application in power generation and industrial processes.

One of the primary drivers of the CFB boiler market is the global commitment to reducing carbon emissions and adopting cleaner energy sources. Governments and industries worldwide are increasingly seeking ways to lower their carbon footprint, and CFB technology aligns with these goals by allowing for the efficient combustion of a variety of fuels, including coal, biomass, and waste, while minimizing emissions. This versatility positions CFB boilers as a vital component in the clean energy transition.

Furthermore, the market has seen significant growth due to the cost-effectiveness of CFB technology, particularly in large-scale power generation projects. CFB boilers offer economies of scale, enhanced efficiency, and grid stabilization, making them an attractive choice for utilities and energy-intensive industries. They also contribute to energy security by providing stable electricity sources.

The CFB boiler market has diversified in terms of capacity, fuel types, and applications. While large-capacity units above 300 MW remain dominant, smaller CFB boilers are gaining prominence in distributed power generation and industrial processes. Biomass co-firing, petcoke utilization, and advancements in combustion technology are expanding the fuel options for CFB boilers.

Key Market Drivers

Increasing Focus on Clean Energy and Emissions Reduction

One of the most significant drivers propelling the global CFB boiler market is the growing emphasis on clean energy sources and the reduction of greenhouse gas emissions. Governments, industries, and environmental organizations worldwide are striving to meet ambitious targets for reducing carbon emissions. CFB technology offers a compelling solution, as it allows for the efficient combustion of various fuels, including low-grade coal and biomass, while minimizing emissions. As nations tighten regulations and seek to transition away from coal-fired power generation, CFB boilers emerge as a vital component of the clean energy transition.

Versatile Fuel Flexibility

The versatility of CFB boilers in terms of fuel flexibility is a major driver for their adoption globally. CFB technology can efficiently burn a wide range of fuels, including coal, biomass, municipal solid waste, and even petroleum coke. This adaptability is invaluable for regions with diverse fuel resources and allows for the utilization of alternative and sustainable fuels. As the world seeks to reduce its dependence on fossil fuels and transition to renewable and low-carbon energy sources, the fuel-flexible nature of CFB boilers positions them as an ideal choice for power generation.

High Efficiency and Energy Savings

CFB boilers are known for their high energy conversion efficiency and operational flexibility. They can generate steam at higher temperatures and pressures than conventional boilers, resulting in improved thermal efficiency and energy savings. This efficiency translates into reduced fuel consumption and lower operational costs for power plants and industries utilizing CFB technology. In an era when energy efficiency is a top priority, CFB boilers offer a compelling value proposition for maximizing power generation while minimizing resource consumption.

Growing Demand for Co-firing and Biomass Utilization

The demand for co-firing biomass with coal in power generation is on the rise, driven by both environmental and economic considerations. CFB boilers are well-suited for co-firing, as they can efficiently handle a mix of fuels. Biomass co-firing helps reduce greenhouse gas emissions, enhance energy security, and promote the sustainable use of biomass resources. With governments incentivizing biomass utilization and industries seeking cleaner energy solutions, CFB boilers play a pivotal role in facilitating the co-firing trend.

Expanding Industrial Applications

While CFB boilers have traditionally been associated with power generation, their applications are expanding into various industrial sectors. Industries such as chemical, petrochemical, and paper manufacturing are increasingly adopting CFB boilers for their process heating and steam generation needs. CFB boilers' ability to generate steam at high temperatures and pressures makes them ideal for industrial applications that require precise control of temperature and pressure. As industries aim to enhance operational efficiency and reduce emissions, CFB technology is becoming an integral part of their energy strategies.

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Key Market Challenges

High Initial Investment Costs

One of the primary challenges facing the global CFB boiler market is the relatively high initial investment required for the design, construction, and installation of CFB boiler systems. CFB boilers are complex engineering solutions that demand substantial capital expenditure, especially for larger and more advanced units. The cost includes not only the boiler itself but also auxiliary systems, environmental control equipment, and infrastructure modifications. This financial barrier can be particularly challenging for smaller companies and emerging markets, hindering their adoption of CFB technology, despite its environmental and efficiency benefits.

Fuel Supply and Availability

The availability and supply of suitable fuels for CFB boilers can be a significant challenge, particularly when considering alternative and sustainable fuel sources. While CFB boilers are known for their fuel flexibility, sourcing and maintaining a consistent supply of biomass, waste materials, or other non-traditional fuels can be challenging. Biomass, for instance, depends on seasonal factors and regional availability, making it crucial to establish reliable supply chains. Furthermore, the transportation and logistics of fuel can add additional complexities and costs to CFB boiler operations.

Regulatory and Environmental Compliance

Stringent environmental regulations and emission standards are driving the adoption of CFB technology, but they also pose challenges for manufacturers and operators. Compliance with emissions limits for pollutants such as sulfur dioxide (SO2), nitrogen oxides (NOx), and particulate matter requires advanced control technologies, such as flue gas desulfurization (FGD) and selective catalytic reduction (SCR) systems. These additional technologies not only increase the capital and operational costs but also demand meticulous maintenance to ensure compliance. Meeting evolving and region-specific environmental regulations remains a persistent challenge for the CFB boiler market.

Competition from Alternative Technologies

CFB boilers face competition from other advanced combustion technologies and renewable energy sources, such as gas turbines, supercritical and ultra-supercritical boilers, and photovoltaic solar panels. These technologies offer their unique advantages, and the choice between them depends on factors like energy generation efficiency, capital costs, and regional energy policies. CFB boilers need to continually innovate and demonstrate their superiority in terms of fuel flexibility, emission reductions, and overall operational efficiency to maintain their competitive edge in a crowded market.

Market Fragmentation and Regional Variations

The global CFB boiler market exhibits fragmentation due to variations in market dynamics across regions. The regulatory environment, energy policies, and fuel availability differ significantly from one region to another. For instance, the Asia-Pacific region, particularly China and India, has witnessed significant growth in CFB installations due to increased power demand and a shift toward cleaner energy sources. In contrast, North America and Europe have seen slower adoption rates, driven primarily by environmental concerns and policy-driven initiatives. Market players must navigate these regional variations, adapt their strategies, and invest in market-specific solutions to maximize their success in this diverse market landscape.

Key Market Trends

Growing Adoption of Clean Energy Solutions

The global energy landscape is undergoing a significant transformation with a growing emphasis on clean and sustainable energy sources. As countries and industries strive to reduce carbon emissions and meet renewable energy targets, Circulating Fluidized Bed (CFB) Boilers have gained prominence. CFB technology allows for the efficient combustion of a variety of fuels, including biomass and low-grade coal, while minimizing emissions. This trend is driven by the need to achieve a cleaner energy mix and comply with stringent environmental regulations.

Increasing Focus on Biomass CFB Boilers

Biomass CFB boilers are gaining traction as a sustainable and environmentally friendly energy solution. The use of biomass fuels, such as wood, agricultural residues, and municipal solid waste, in CFB boilers is on the rise due to their lower greenhouse gas emissions compared to conventional fossil fuels. Biomass CFB boilers are particularly attractive in regions with abundant biomass resources, and they play a crucial role in reducing dependence on coal and other high-carbon energy sources.

Technological Advancements and Efficiency Improvements

Continuous innovation in CFB boiler technology is driving efficiency improvements and operational reliability. Manufacturers are developing advanced CFB designs that offer higher steam generation capacity, better fuel flexibility, and improved combustion efficiency. Additionally, digitalization and automation are being integrated into CFB systems to optimize operations, monitor performance, and reduce downtime. These advancements are appealing to industries seeking cost-effective and energy-efficient solutions.

Expansion of CFB Applications Beyond Power Generation

While CFB boilers are widely used in power generation, their applications are expanding into various sectors, including industrial processes and district heating. Industries such as chemical, petrochemical, and paper manufacturing are adopting CFB boilers for their unique advantages, such as the ability to burn different fuels and generate steam at high temperatures and pressures. Moreover, CFB boilers are being utilized for district heating projects, providing efficient and sustainable heating solutions for urban areas.

Regional Growth and Market Diversification

The global CFB boiler market is experiencing regional growth disparities and diversification. Asia-Pacific, particularly China and India, is a dominant market due to rapid industrialization, increasing power demand, and government initiatives to reduce coal consumption and emissions. In North America and Europe, environmental concerns and renewable energy policies are driving the adoption of CFB technology. Additionally, some regions are witnessing the development of micro-CFB systems for decentralized power generation and heat production in smaller communities and industries.

Segmental Insights

Product Insights

Subcritical segment dominates in the global circulating fluidized bed boilers market in 2022. Subcritical CFB boilers operate at lower steam pressures and temperatures compared to their supercritical and ultra-supercritical counterparts. This characteristic makes them a more cost-effective option for many power generation projects, especially in regions with moderate steam conditions. Subcritical CFB boilers are known for their efficiency and reliability in producing steam and electricity, making them suitable for a wide range of applications, including industrial processes, district heating, and power generation.

Key Factors Contributing to the Dominance of Subcritical CFB Boilers:

Cost-Effectiveness: Subcritical CFB boilers are known for their relatively lower construction and operational costs compared to supercritical and ultra-supercritical boilers. This makes them an attractive choice for projects with budget constraints or where the economic feasibility of a power plant is a primary consideration.

Fuel Flexibility: Subcritical CFB boilers offer excellent fuel flexibility, allowing for the combustion of various fuels, including coal, biomass, and municipal solid waste. This versatility makes them suitable for regions with diverse fuel resources and changing fuel availability.

Feedstock Insights

Coal segment dominates in the global circulating fluidized bed boilers market in 2022. Coal is one of the most widely available and abundant fossil fuels globally. Many countries have substantial coal reserves, which makes it a readily accessible and cost-effective fuel source for power generation and industrial processes. The accessibility and availability of coal have played a pivotal role in its dominance as a feedstock for CFB boilers.

Over decades, the coal industry has developed a robust infrastructure for mining, transportation, and storage. This well-established supply chain ensures a consistent and reliable supply of coal to power plants equipped with CFB boilers. The existing infrastructure facilitates the integration of coal-fired CFB systems into the energy mix.

CFB boiler technology has proven to be highly compatible with coal as a fuel source. Subcritical, supercritical, and ultra-supercritical CFB boilers have been designed and optimized to efficiently combust coal, making them a preferred choice for coal-fired power generation projects.

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Regional Insights

North America dominates the Global Circulating Fluidized Bed Boilers Market in 2022. North America, particularly the United States and Canada, has implemented stringent environmental regulations aimed at reducing greenhouse gas emissions and promoting cleaner energy sources. These regulations, including the Clean Power Plan and the Renewable Portfolio Standards (RPS), have driven a shift away from coal-fired power generation toward cleaner alternatives. CFB boilers are well-suited to burn a variety of fuels, including low-grade coals and biomass, while achieving lower emissions. This aligns with the region's commitment to reducing its carbon footprint and has resulted in an increased adoption of CFB technology.

North America boasts abundant biomass resources, such as wood waste, agricultural residues, and municipal solid waste. These resources have immense potential for sustainable energy production, and CFB boilers are an attractive solution for converting biomass into clean electricity. With growing interest in renewable energy sources, CFB boilers have found substantial application in biomass power generation projects across the continent.

Recent Developments

In Jun 2019, San Miguel Corp. will invest USD 2.4 billion for two new coal-fired power project which is equipped with a circulating fluidized bed boiler in the plant and designed to be of multiple fuel capacity. The new project has a target to add 1200MW capacity for Luzon grid, the Philippines which will help to fulfil long term power supply across the country.
In May 2019, Hyundai Heavy Industries Co. secured USD 100 million deal to supply three circulating fluidized bed boiler to Thai refiner to upgrade refinery. The boiler use oil pitches as fuel and able to generate 990 tons of steam per hour. Also, it is helpful to reduce the emission of harmful gases like nitrogen oxide and sulphur oxide.
In Nov 2018, ANDRITZ has received an order from Toyo Engineering Corporation, Japan to deliver a circulating fluidized bed boiler with flue gas cleaning system for new biomass plant to be built in Takaoka, Japan. The circulating fluidized bed boiler will help biomass plants to generate power about 50MW also, lower carbon emission and increase the efficiency of the plant.

Key Market Players

Dongfang Boiler Group Co., Ltd.
Shanghai Boiler Works Co., Ltd.
Harbin Boiler Co., Ltd.
Babcock & Wilcox Enterprises, Inc.
Alstom SA
Amec Foster Wheeler plc
Mitsubishi Heavy Industries, Ltd.
Thermax Limited
Bharat Heavy Electricals Limited
Doosan Heavy Industries & Construction Co., Ltd.

By Product	By Feedstock	By Capacity	By Fuel Type	By Application	By Region
Subcritical Supercritical Ultra Supercritical	Coal Petcoke Biomass	Less than 100 MW 100-200 MW 200-300 MW 300 MW & Above	Coal Biomass Others	Energy & Power Oil & Gas Industrial Others	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Circulating Fluidized Bed Boilers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Circulating Fluidized Bed Boilers Market, By Product:

o Subcritical

o Supercritical

o Ultra Supercritical

Circulating Fluidized Bed Boilers Market, By Feedstock:

o Coal

o Petcoke

o Biomass

Circulating Fluidized Bed Boilers Market, By Capacity:

o Less than 100 MW

o 100-200 MW

o 200-300 MW

o 300 MW & Above

Circulating Fluidized Bed Boilers Market, By Fuel Type:

o Coal

o Biomass

o Others

Circulating Fluidized Bed Boilers Market, By Application:

o Energy & Power

o Oil & Gas

o Industrial

o Others

Circulating Fluidized Bed Boilers Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Circulating Fluidized Bed Boilers Market.

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Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Circulating Fluidized Bed Boilers Market

5. Voice of Customer

6. Global Circulating Fluidized Bed Boilers Market Overview

7. Global Circulating Fluidized Bed Boilers Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product (Subcritical, Supercritical, Ultra Supercritical)

7.2.2. By Feedstock (Coal, Petcoke, Biomass)

7.2.3. By Capacity (Less than 100 MW, 100-200 MW, 200-300 MW, 300 MW & Above)

7.2.4. By Fuel Type (Coal, Biomass, Others)

7.2.5. By Application (Energy & Power, Oil & Gas, Industrial, Others)

7.2.6. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America Circulating Fluidized Bed Boilers Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product

8.2.2. By Feedstock

8.2.3. By Capacity

8.2.4. By Fuel Type

8.2.5. By Application

8.2.6. By Country

8.2.6.1. United States Circulating Fluidized Bed Boilers Market Outlook

8.2.6.1.1. Market Size & Forecast

8.2.6.1.1.1. By Value

8.2.6.1.2. Market Share & Forecast

8.2.6.1.2.1. By Product

8.2.6.1.2.2. By Feedstock

8.2.6.1.2.3. By Capacity

8.2.6.1.2.4. By Fuel Type

8.2.6.1.2.5. By Application

8.2.6.2. Canada Circulating Fluidized Bed Boilers Market Outlook

8.2.6.2.1. Market Size & Forecast

8.2.6.2.1.1. By Value

8.2.6.2.2. Market Share & Forecast

8.2.6.2.2.1. By Product

8.2.6.2.2.2. By Feedstock

8.2.6.2.2.3. By Capacity

8.2.6.2.2.4. By Fuel Type

8.2.6.2.2.5. By Application

8.2.6.3. Mexico Circulating Fluidized Bed Boilers Market Outlook

8.2.6.3.1. Market Size & Forecast

8.2.6.3.1.1. By Value

8.2.6.3.2. Market Share & Forecast

8.2.6.3.2.1. By Product

8.2.6.3.2.2. By Feedstock

8.2.6.3.2.3. By Capacity

8.2.6.3.2.4. By Fuel Type

8.2.6.3.2.5. By Application

9. Europe Circulating Fluidized Bed Boilers Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product

9.2.2. By Feedstock

9.2.3. By Capacity

9.2.4. By Fuel Type

9.2.5. By Application

9.2.6. By Country

9.2.6.1. Germany Circulating Fluidized Bed Boilers Market Outlook

9.2.6.1.1. Market Size & Forecast

9.2.6.1.1.1. By Value

9.2.6.1.2. Market Share & Forecast

9.2.6.1.2.1. By Product

9.2.6.1.2.2. By Feedstock

9.2.6.1.2.3. By Capacity

9.2.6.1.2.4. By Fuel Type

9.2.6.1.2.5. By Application

9.2.6.2. France Circulating Fluidized Bed Boilers Market Outlook

9.2.6.2.1. Market Size & Forecast

9.2.6.2.1.1. By Value

9.2.6.2.2. Market Share & Forecast

9.2.6.2.2.1. By Product

9.2.6.2.2.2. By Feedstock

9.2.6.2.2.3. By Capacity

9.2.6.2.2.4. By Fuel Type

9.2.6.2.2.5. By Application

9.2.6.3. United Kingdom Circulating Fluidized Bed Boilers Market Outlook

9.2.6.3.1. Market Size & Forecast

9.2.6.3.1.1. By Value

9.2.6.3.2. Market Share & Forecast

9.2.6.3.2.1. By Product

9.2.6.3.2.2. By Feedstock

9.2.6.3.2.3. By Capacity

9.2.6.3.2.4. By Fuel Type

9.2.6.3.2.5. By Application

9.2.6.4. Italy Circulating Fluidized Bed Boilers Market Outlook

9.2.6.4.1. Market Size & Forecast

9.2.6.4.1.1. By Value

9.2.6.4.2. Market Share & Forecast

9.2.6.4.2.1. By Product

9.2.6.4.2.2. By Feedstock

9.2.6.4.2.3. By Capacity

9.2.6.4.2.4. By Fuel Type

9.2.6.4.2.5. By Application

9.2.6.5. Spain Circulating Fluidized Bed Boilers Market Outlook

9.2.6.5.1. Market Size & Forecast

9.2.6.5.1.1. By Value

9.2.6.5.2. Market Share & Forecast

9.2.6.5.2.1. By Product

9.2.6.5.2.2. By Feedstock

9.2.6.5.2.3. By Capacity

9.2.6.5.2.4. By Fuel Type

9.2.6.5.2.5. By Application

10. South America Circulating Fluidized Bed Boilers Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Feedstock

10.2.3. By Capacity

10.2.4. By Fuel Type

10.2.5. By Application

10.2.6. By Country

10.2.6.1. Brazil Circulating Fluidized Bed Boilers Market Outlook

10.2.6.1.1. Market Size & Forecast

10.2.6.1.1.1. By Value

10.2.6.1.2. Market Share & Forecast

10.2.6.1.2.1. By Product

10.2.6.1.2.2. By Feedstock

10.2.6.1.2.3. By Capacity

10.2.6.1.2.4. By Fuel Type

10.2.6.1.2.5. By Application

10.2.6.2. Colombia Circulating Fluidized Bed Boilers Market Outlook

10.2.6.2.1. Market Size & Forecast

10.2.6.2.1.1. By Value

10.2.6.2.2. Market Share & Forecast

10.2.6.2.2.1. By Product

10.2.6.2.2.2. By Feedstock

10.2.6.2.2.3. By Capacity

10.2.6.2.2.4. By Fuel Type

10.2.6.2.2.5. By Application

10.2.6.3. Argentina Circulating Fluidized Bed Boilers Market Outlook

10.2.6.3.1. Market Size & Forecast

10.2.6.3.1.1. By Value

10.2.6.3.2. Market Share & Forecast

10.2.6.3.2.1. By Product

10.2.6.3.2.2. By Feedstock

10.2.6.3.2.3. By Capacity

10.2.6.3.2.4. By Fuel Type

10.2.6.3.2.5. By Application

11. Middle East & Africa Circulating Fluidized Bed Boilers Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product

11.2.2. By Feedstock

11.2.3. By Capacity

11.2.4. By Fuel Type

11.2.5. By Application

11.2.6. By Country

11.2.6.1. Saudi Arabia Circulating Fluidized Bed Boilers Market Outlook

11.2.6.1.1. Market Size & Forecast

11.2.6.1.1.1. By Value

11.2.6.1.2. Market Share & Forecast

11.2.6.1.2.1. By Product

11.2.6.1.2.2. By Feedstock

11.2.6.1.2.3. By Capacity

11.2.6.1.2.4. By Fuel Type

11.2.6.1.2.5. By Application

11.2.6.2. UAE Circulating Fluidized Bed Boilers Market Outlook

11.2.6.2.1. Market Size & Forecast

11.2.6.2.1.1. By Value

11.2.6.2.2. Market Share & Forecast

11.2.6.2.2.1. By Product

11.2.6.2.2.2. By Feedstock

11.2.6.2.2.3. By Capacity

11.2.6.2.2.4. By Fuel Type

11.2.6.2.2.5. By Application

11.2.6.3. South Africa Circulating Fluidized Bed Boilers Market Outlook

11.2.6.3.1. Market Size & Forecast

11.2.6.3.1.1. By Value

11.2.6.3.2. Market Share & Forecast

11.2.6.3.2.1. By Product

11.2.6.3.2.2. By Feedstock

11.2.6.3.2.3. By Capacity

11.2.6.3.2.4. By Fuel Type

11.2.6.3.2.5. By Application

12. Asia Pacific Circulating Fluidized Bed Boilers Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Size & Forecast

12.2.1. By Product

12.2.2. By Feedstock

12.2.3. By Capacity

12.2.4. By Fuel Type

12.2.5. By Application

12.2.6. By Country

12.2.6.1. China Circulating Fluidized Bed Boilers Market Outlook

12.2.6.1.1. Market Size & Forecast

12.2.6.1.1.1. By Value

12.2.6.1.2. Market Share & Forecast

12.2.6.1.2.1. By Product

12.2.6.1.2.2. By Feedstock

12.2.6.1.2.3. By Capacity

12.2.6.1.2.4. By Fuel Type

12.2.6.1.2.5. By Application

12.2.6.2. India Circulating Fluidized Bed Boilers Market Outlook

12.2.6.2.1. Market Size & Forecast

12.2.6.2.1.1. By Value

12.2.6.2.2. Market Share & Forecast

12.2.6.2.2.1. By Product

12.2.6.2.2.2. By Feedstock

12.2.6.2.2.3. By Capacity

12.2.6.2.2.4. By Fuel Type

12.2.6.2.2.5. By Application

12.2.6.3. Japan Circulating Fluidized Bed Boilers Market Outlook

12.2.6.3.1. Market Size & Forecast

12.2.6.3.1.1. By Value

12.2.6.3.2. Market Share & Forecast

12.2.6.3.2.1. By Product

12.2.6.3.2.2. By Feedstock

12.2.6.3.2.3. By Capacity

12.2.6.3.2.4. By Fuel Type

12.2.6.3.2.5. By Application

12.2.6.4. South Korea Circulating Fluidized Bed Boilers Market Outlook

12.2.6.4.1. Market Size & Forecast

12.2.6.4.1.1. By Value

12.2.6.4.2. Market Share & Forecast

12.2.6.4.2.1. By Product

12.2.6.4.2.2. By Feedstock

12.2.6.4.2.3. By Capacity

12.2.6.4.2.4. By Fuel Type

12.2.6.4.2.5. By Application

12.2.6.4.2.6.

12.2.6.5. Australia Circulating Fluidized Bed Boilers Market Outlook

12.2.6.5.1. Market Size & Forecast

12.2.6.5.1.1. By Value

12.2.6.5.2. Market Share & Forecast

12.2.6.5.2.1. By Product

12.2.6.5.2.2. By Feedstock

12.2.6.5.2.3. By Capacity

12.2.6.5.2.4. By Fuel Type

12.2.6.5.2.5. By Application

12.2.6.5.2.6.

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Dongfang Boiler Group Co., Ltd.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Shanghai Boiler Works Co., Ltd.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. Harbin Boiler Co., Ltd.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. Babcock & Wilcox Enterprises, Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. Alstom SA

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Amec Foster Wheeler plc

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. Mitsubishi Heavy Industries, Ltd.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. Thermax Limited

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. Bharat Heavy Electricals Limited

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10.Doosan Heavy Industries & Construction Co., Ltd.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

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Figures and Tables

Frequently asked questions

What was the market size of the global circulating fluidized bed boilers market in 2022?

The market size of the global circulating fluidized bed boilers market was USD 512.89 Million in 2022.

Which was the dominant segment in the global circulating fluidized bed boilers market in 2022, by product?

Subcritical was the dominant segment in the global circulating fluidized bed boilers market in 2022 by product.

What are the challenges in the global circulating fluidized bed boilers market?

The challenges in the global circulating fluidized bed boilers market include high initial investment costs, fuel supply and availability, regulatory and environmental compliance, competition from alternative technologies, etc.

What are the major drivers for the global circulating fluidized bed boilers market?

The major drivers for the global circulating fluidized bed boilers market include increasing focus on clean energy and emissions reduction, versatile fuel flexibility, high efficiency and energy savings, growing demand for co-firing and biomass utilization, etc.

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Parvati Sharma

Account Manager BD

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Press Release

Circulating Fluidized Bed Boilers Market Expands with Subcritical Segment at a robust CAGR of 8.77%

Nov, 2023

The increasing global circulating fluidized bed boilers market is driven by increasing focus on clean energy and emissions reduction, versatile fuel flexibility during the forecast period 2024-2028.