Circulating Fluidized Bed Boiler Market Size By Product (Subcritical, Supercritical, Ultra-Supercritical), By Capacity (< 100 MW, 100 – 200 MW, 200 – 300 MW, > 300 MW), By Application (Utility, Oil & Gas, Petrochemical, Chemical, Others), By Fuel (Coal, Biomass, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, Japan, South Korea, India, Australia, Indonesia, Philippines, Saudi Arabia, UAE, Egypt, Kenya, Morocco, Nigeria, South Africa, Brazil, Argentina, Chile), Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI3503  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 470   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Circulating Fluidized Bed Boiler Market size was valued over USD 38 billion in 2018 and is anticipated to expand over 400 GW by 2025.
 

Circulating Fluidized Bed Boiler Market

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Circulating fluidized bed (CFB) boiler is an advanced technology for coal combustion to achieve low emission standards. CFB reactors addresses the heat removal issues that affect a fixed bed reactor. The combustion process provides the flexibility to burn an extensive range of fuels with reduced emissions and optimum efficiency. It contains higher gas velocity inside the furnace when compared to bubbling fluidized bed (BFB) boiler and activates the mixture of gas & particles to improve the combustion reaction. Furthermore, the fuel & fuel sand are recirculated into the furnace, which is collected by a cyclone, thereby achieving high combustion efficiency. The study incorporates a detailed market analysis of the global CFB boiler installation scenarios bifurcated on a regional and country basis across utility, oil & gas, petrochemical, chemical applications. Moreover, the estimates and market forecasts are aligned with data represented by governing authorities including the EU, IEA, EIA, associated company press releases and regional regulatory bodies.
 

Key energy-intensive industries primarily use high-quality pulverized coal for developing their final end products. However, the low-quality (higher ash content) coal allotted to them are mostly unutilized. Therefore, several industry participants are setting up their own captive power stations with CFB technologies to harness power for in-house consumption. Ability to effectively reduce harmful NOx and SOx emissions without any special environmental modifications will drive the global circulating fluidized bed boiler industry size over the forecast period.
 

Circulating Fluidized Bed Boiler Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 38 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 470 Tables, Charts & Figures: 760
Geographies covered (29): U.S., Canada, Mexico, France, UK, Poland, Italy, Spain, Austria, Germany, Sweden, Russia, China, Japan, South Korea, India, Australia, Indonesia, Philippines, Saudi Arabia, UAE, Egypt, Kenya, Morocco, Nigeria, South Africa, Brazil, Argentina, Chile
Segments covered: Product, Capacity, Application, Fuel
Companies covered (20): Babcock and Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, IHI Corporation, AMEC Foster Wheeler Ltd., Doosan Heavy Industries & Construction Co. Ltd., Forbes Marshall, Mitsubishi Hitachi Power Systems Ltd., General Electric, Thermax Limited, Walchandnagar Industries Limited (WIL), Bosch Thermotechnology, Harbin Boiler Co. Ltd., Valmet, Sumitomo Heavy Industries Ltd. & Sumitomo SHI FW, Alstom, Rafako S A, Thyssenkrupp Industries India Pvt. Ltd., JFE Engineering Corporation, Formosa Heavy Industries Corp., Andritz
Growth Drivers:
  • Rapid industrial growth
  • Growing demand for fuel flexibility
  • Replacement of conventional boilers
  • Stringent regulations toward emissions
Pitfalls & Challenges:
  • High cost of installation

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Supercritical technology driving the CFB boiler industry revenue

Supercritical steam generators are boilers that operate at temperature and pressure ranging between 538-565 0C and above 3,200 psi respectively. These systems are drum-less and have a variable evaporation endpoint. As a result, the evaporation process takes place through the evaporator at a single pass. They are predominantly used for generating electricity and unlike other substitutes, there is no bubble formation. Ongoing technological advancements have resulted in the adoption of new range of materials which can withstand high temperature and pressure associated with supercritical boilers. The market demand for this technology has significantly increased across new power stations mainly in Asia Pacific and Europe. Over the last decade significant installation of the technology has been witnessed primarily across existing electricity generating stations as a replacement for subcritical boilers.
 

Fuel flexibility to give impetus to < 100 MW CFB boiler sales

South Korea Circulating Fluidized Bed Boiler Market, By Capacity, 2018 (USD Million)
South Korea Circulating Fluidized Bed Boiler Market, By Capacity, 2018 (USD Million)

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In the past few years most of the industry participants are focusing on diversified fuel sources to suffice their soaring energy requirements. This in turn has positively influenced the demand for the <100 MW CFBC boilers. Rising environmental concerns pertaining to industrial emissions is one of the key underlying market factors which has shaped the industry dynamics. Over the last decade, deployment of multi fuel plants has witnessed substantial growth owing to their ability to reduce energy bills and discharge low levels of emissions. Easy availability of raw materials in the form of industrial waste is further driving the adoption of low capacity CFB boilers across the industrial sector.
 

Utility sector to experience robust growth due to burgeoning energy demand

Poland Circulating Fluidized Bed Boiler Market, By Utility, 2018 & 2025 (USD Million)
Poland Circulating Fluidized Bed Boiler Market, By Utility, 2018 & 2025 (USD Million)

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The utility segment mainly comprises, multiple merchant & independent power producers, who are solely in the business of electricity generation. Over the past decade, there have been substantial investments across utility segments to effectively cater to the growing demand for power. Utilities are continuously looking for the technologies that can effectively operate under adverse conditions irrespective of the raw materials provided. As a result, demand for the high capacity CFB heating systems are gaining wide traction across the globe. High capacity utilization factor (CUF), and low costs are some of the significant features that are favoring the deployment of these boilers across the utility.
 

In the last five years, the quality of internationally traded coal has witnessed a significant decline. Therefore, it has become a necessity for the plant operators to install technologies which can provide substantial CUF by heating low grade materials. CFB boilers can successfully burn all grades of coals with heating values, ranging between 3,900 to 8,000 kcal/kg. Surging demand for emission-less sustainable systems for power generation will drive the circulating fluidized bed boiler market size across utilities.
 

Rising demand of low emission systems driving the biomass technology adoption

Ongoing transition toward the adoption of clean energy fuel sources to generate electricity has surged the penetration of sustainable technologies across multiple industries. Easy availability of these sources along with ongoing efforts to counteract global warming has accelerated the installation of biomass based circulating fluidized bed boiler. These boilers not only limit the discharge of harmful emission content but also subdue the reliance on non-renewable energy systems & sources. In the last five years, the development of biogas based power generation systems with CFBC technology has supported the plant owners for the economic implementation of a sustainable power generation systems. Rising concerns toward the adverse effects of environmental pollution on account of heavy dependence on fossil fuel sources will has accelerated the technology adoption across multiple industries. Moreover, with the installation & integration of several emission control systems, the operators are not only able to increase their plant efficiency but also improve the plant’s environmental performance. Regulators & policy makers across the globe are introducing numerous incentives and rebates, which will tend to stimulate biomass-based circulating fluidized bed boiler industry growth.
 

Flourishing manufacturing sector has fueled the Asia Pacific boiler industry

China Circulating Fluidized Bed Boiler Market, By Product, 2018 (USD Million)
China Circulating Fluidized Bed Boiler Market, By Product, 2018 (USD Million)

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Resurgent economic growth along with rising investments towards the upgradation of industrial facilities will stimulate the Asia Pacific circulating fluidized bed boiler market growth. Burgeoning demand for energy across the industrial sector due to the ongoing efforts toward the development of new facilities has created a substantial growth potential. The presence of a robust manufacturing sector has further accelerated the installation of sustainable energy solutions . Surging demand for manufactured goods by end consumers due to steady population growth and increasing per capita income has increased the manufacturing yield across the region. To ensure reliable operation, market demand participants across the region have invested heavily to expand their capacity, which in turn will positively drive the CFB boiler industry growth.
 

Integration of digital systems emerges as the focal point of product development

Manufacturers are investing aggressively toward industry research & development to manufacture new products focused on safety integrated features and low carbon emissions. Organizations are focusing on launch of new boiler systems with monitoring systems across several regions with untapped potential and extend their service portfolio to attain competitive edge over other industry players.
 

The major market players operating across the circulating fluidized bed boiler market includes Babcock and Wilcox Enterprises, Bharat Heavy Electricals Limited, IHI, AMEC Foster Wheeler, Doosan Heavy Industries & Construction, Forbes Marshall Mitsubishi Hitachi Power Systems, and General Electric.
 

Circulating Fluidized Bed boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “GW” and ‘USD” from 2014 to 2025, for the following market segments:

By Product

  • Subcritical
  • Supercritical
  • Ultra-Supercritical

By Capacity

  • < 100 MW
  • 100 MW - 200 MW
  • 200 MW - 300 MW
  • > 300 MW

By Application

  • Utility
  • Oil & Gas
  • Petrochemical
  • Chemical

By Fuel

  • Coal
  • Biomass

The above information is provided on a regional & country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK
    • Poland
    • Italy
    • Spain
    • Austria
    • Germany
    • Sweden
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Indonesia
    • Philippines
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kenya
    • Morocco
    • Nigeria
    • South Africa
  • Latin America
    • Brazil
    • Argentina
    • Chile

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