Circulating Fluidized Bed Boiler Market Size

Circulating Fluidized Bed Boiler Market Size

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.

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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. The global market for boilers is likely to witness 5.5% CAGR and is set to cross USD 180 billion by 2032.