Circulating Fluidized Bed Boilers Market Size – By Technology Type (Subcritical CFB Boilers, Supercritical CFB Boilers and Ultra-supercritical CFB Boilers), By Fuel Type (Coal-based CFB Boilers, Biomass-based CFB Boilers, Waste-to-energy CFB Boilers, Natural Gas-based CFB Boilers and Others), By Operating Capacity (Up to 100 MW, 101 MW to 400 MW, and Above 400 MW) By End-Use Application (Power Generation, Chemical Processing, Industrial Heating and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-28
- NO OF PAGES
- 285
- CATEGORY
- Chemicals & Materials
Market Overview
The Circulating Fluidized Bed Boilers market report is predicted to develop at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2034, when global Circulating Fluidized Bed Boilers market forecast size is projected to reach USD 1,463.74 Million in 2034, based on an average growth pattern. The global Circulating Fluidized Bed Boilers market revenue is estimated to reach a value of USD 984.62 Million in 2024.
SOURCE: We Market Research
The global
Circulating Fluidized Bed (CFB) boilers market has been witnessing significant
growth due to the increasing demand for efficient power generation solutions
and stricter environmental regulations. Circulating Fluidized Bed Boilers are
widely used in power plants for electricity generation, as well as in
industrial applications for heating and processing needs. Key players in the
market include companies like Doosan Heavy Industries & Construction,
Babcock & Wilcox, Foster Wheeler, and GE Power. These companies are
focusing on technological innovations, fuel diversification, and expanding
their global reach to cater to growing energy needs. The Global Circulating
Fluidized Bed Boilers Market refers to the market for boilers that utilize the
circulating fluidized bed combustion technology to burn solid fuels such as
coal, biomass, and waste materials for power generation and industrial processes.
Circulating Fluidized Bed boilers are known for their efficiency in fuel
combustion, flexibility in using a wide variety of fuels, and their ability to
reduce emissions, making them an attractive solution for power plants and
industries looking to meet stringent environmental regulations.
Global Circulating Fluidized Bed Boilers Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 4.84 Million |
|
Market
Forecast in 2034 |
USD 1,463.74 Million |
|
CAGR % 2024-2034 |
3.7% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Technology
Type, By Fuel Type, By Operating Capacity, By End-use Application and By
Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Circulating Fluidized Bed Boilers Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Circulating Fluidized Bed Boilers market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Circulating Fluidized Bed Boilers Market Segmentation
Market- By Technology Type Analysis
By Technology type, the Circulating Fluidized Bed Boilers market analysis is categories into Subcritical CFB Boilers, Supercritical CFB Boilers and Ultra-supercritical CFB Boilers. into Subcritical CFB Boilers segment dominates the market with the largest share, accounting for over 55% of the market in 2023. Subcritical CFB boilers are commonly used in both small- and medium-scale power plants and industrial applications due to their relatively lower upfront capital cost and simpler operational requirements compared to more advanced technologies. Subcritical CFB boilers continue to dominate in regions where coal remains a significant energy source, such as in China, India, and some Southeast Asian countries.
The
following segments are part of an in-depth analysis of the global Circulating
Fluidized Bed Boilers market:
|
Market Segments |
|
|
By Technology
Type |
·
Subcritical CFB Boilers ·
Supercritical CFB Boilers ·
Ultra-supercritical CFB Boilers |
|
By Fuel
Type |
·
Coal-based CFB Boilers ·
Biomass-based CFB Boilers ·
Waste-to-energy CFB Boilers ·
Natural Gas-based CFB Boilers ·
Others |
|
By Operating
Capacity |
·
Up to 100 MW ·
101 MW to 400 MW ·
Above 400 MW |
|
By
End-use Application |
·
Power Generation ·
Chemical Processing ·
Industrial Heating ·
Others |
Circulating Fluidized Bed Boilers Industry: Regional
Analysis
North America Market Forecast
North America, particularly the U.S. and Canada, is increasingly adopting cleaner energy technologies due to stringent environmental regulations. While coal is being phased out, Circulating Fluidized Bed boilers are still used in power plants, especially those that use waste-to-energy and biomass. The U.S. Environmental Protection Agency (EPA) enforces strict emission standards, which are driving the adoption of Circulating Fluidized Bed boilers due to their ability to control SOx, NOx, and particulate matter.
Europe Market Statistics
Europe is a
leader in adopting renewable energy and energy-efficient technologies. Circulating
Fluidized Bed boilers are used for waste-to-energy and biomass plants, and in
countries with strong renewable energy targets, they serve as a bridge
technology for cleaner energy. Strict EU environmental policies are pushing
industries toward adopting cleaner, more efficient technologies like Circulating
Fluidized Bed boilers, which offer reduced emissions compared to traditional
coal boilers. Circulating Fluidized Bed boilers are used in district heating
systems, industrial applications, and large-scale power generation plants in
Europe.
Asia Pacific Market Forecasts
Asia-Pacific,
particularly China and India, are experiencing rapid industrial growth and
urbanization, driving up demand for power generation. Circulating Fluidized Bed
boilers are seen as a cost-effective and efficient solution for both coal and
biomass-based power generation. In countries like China, the government is
focusing on improving energy efficiency and reducing pollution, which makes Circulating
Fluidized Bed boilers an attractive option due to their fuel flexibility and
emission control capabilities. Countries like China and India are adopting
biomass and waste-to-energy technologies, which are well-supported by Circulating
Fluidized Bed boilers, further boosting their adoption.
Middle East & Africa Market Statistics
The Middle East
and parts of Africa are experiencing increasing energy demand due to growing
populations and expanding industrial sectors. While many of these regions rely
on oil and gas, Circulating Fluidized Bed boilers are being considered for
their ability to use diverse fuel sources, including biomass and waste. Several
countries in the Middle East, such as the UAE and Saudi Arabia, are investing
in waste-to-energy plants where Circulating Fluidized Bed boilers are ideal for
burning waste materials and converting them into electricity.
Latin America Market Statistics
Latin America is
experiencing significant growth in industrial sectors, including mining,
cement, and chemicals, all of which require efficient heat and steam
generation. Circulating Fluidized Bed boilers are used extensively in these
sectors for both power and process heating. Countries like Brazil and Argentina
are increasing their use of biomass for power generation, and Circulating
Fluidized Bed technology is ideal for burning agricultural waste, sugarcane
bagasse, and other forms of biomass.
Key Market Players
The Global Circulating Fluidized Bed Boilers Market is
dominated by a few large companies, such as
·
General Electric (GE)
·
Babcock & Wilcox Enterprises,
Inc.
·
Doosan Heavy Industries &
Construction
·
Wood Group
·
Shanghai Electric Group
·
Mitsubishi Hitachi Power Systems
·
Thermax Limited
·
Valmet Corporation
·
China National Boiler Group
Corporation (CNBGC)
·
Dongfang Electric Corporation
·
Harbin Electric International
Company
·
Toshiba Corporation
·
Zhejiang Energy Group
·
Siemens Energy
·
Amec Foster Wheeler
· Larsen & Toubro (L&T)
1.
Global
Circulating Fluidized Bed Boilers Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Circulating Fluidized Bed
Boilers Market Scope and Market Estimation
1.2.1. Global Circulating Fluidized Bed
Boilers Overall Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 -
2034)
1.2.2. Global Circulating Fluidized Bed
Boilers Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Technology Type of Global Circulating
Fluidized Bed Boilers Market
1.3.2. Fuel Type of Global Circulating
Fluidized Bed Boilers Market
1.3.3. Operating Capacity of Global Circulating
Fluidized Bed Boilers Market
1.3.4. End-use Application of Global Circulating
Fluidized Bed Boilers Market
1.3.5. Region of Global Circulating
Fluidized Bed Boilers Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Historical Trend Analysis (2019 - 2023)
4.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Forecast Trend Analysis, by Technology Type
4.1. Global Circulating Fluidized Bed
Boilers Market Revenue (US$ Bn) Estimates and Forecasts, by Technology Type, 2019
- 2034
4.1.1. Subcritical CFB Boilers
4.1.2. Supercritical CFB Boilers
4.1.3. Ultra-supercritical CFB Boilers
5.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Forecast Trend Analysis, by Fuel Type
5.1. Global Circulating Fluidized Bed
Boilers Market Revenue (US$ Bn) Estimates and Forecasts, by Fuel Type, 2019 -
2034
5.1.1.Coal-based
CFB Boilers
5.1.2.Biomass-based
CFB Boilers
5.1.3.Waste-to-energy
CFB Boilers
5.1.4.Natural
Gas-based CFB Boilers
5.1.5.Others
6.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Forecast Trend Analysis, by Operating Capacity
6.1. Global Circulating Fluidized Bed
Boilers Market Revenue (US$ Bn) Estimates and Forecasts, by Operating Capacity,
2019 - 2034
6.1.1.Up to
100 MW
6.1.2.101 MW
to 400 MW
6.1.3. Above 400 MW
7.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Forecast Trend Analysis, by End-use Application
7.1. Global Circulating Fluidized Bed
Boilers Market Revenue (US$ Bn) Estimates and Forecasts, by End-use Application,
2019 - 2034
7.1.1.Power
Generation
7.1.2.Chemical
Processing
7.1.3.Industrial
Heating
7.1.4. Others
8.
Global Circulating Fluidized Bed
Boilers Market Estimates &
Forecast Trend Analysis, by Region
8.1. Global Circulating Fluidized Bed
Boilers Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Circulating Fluidized Bed Boilers Market: Estimates & Forecast Trend Analysis
9.1.
North
America Circulating Fluidized Bed Boilers Market Assessments & Key Findings
9.1.1. North America Circulating
Fluidized Bed Boilers Market Introduction
9.1.2. North America Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
9.1.2.1. By Technology Type
9.1.2.2. By Fuel Type
9.1.2.3. By Operating
Capacity
9.1.2.4. By End-use Application
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Circulating
Fluidized Bed Boilers Market: Estimates
& Forecast Trend Analysis
10.1. Western Europe Circulating
Fluidized Bed Boilers Market Assessments & Key Findings
10.1.1. Western Europe Circulating
Fluidized Bed Boilers Market Introduction
10.1.2. Western Europe Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
10.1.2.1. By Technology Type
10.1.2.2. By Fuel Type
10.1.2.3. By Operating
Capacity
10.1.2.4. By End-use
Application
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Circulating
Fluidized Bed Boilers Market: Estimates
& Forecast Trend Analysis
11.1. Eastern Europe Circulating
Fluidized Bed Boilers Market Assessments & Key Findings
11.1.1. Eastern Europe Circulating
Fluidized Bed Boilers Market Introduction
11.1.2. Eastern Europe Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
11.1.2.1. By Technology Type
11.1.2.2. By Fuel Type
11.1.2.3. By Operating
Capacity
11.1.2.4. By End-use
Application
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Circulating
Fluidized Bed Boilers Market: Estimates
& Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Circulating
Fluidized Bed Boilers Market Introduction
12.1.2. Asia Pacific Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
12.1.2.1. By Technology Type
12.1.2.2. By Fuel Type
12.1.2.3. By Operating
Capacity
12.1.2.4. By End-use
Application
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Circulating
Fluidized Bed Boilers Market: Estimates
& Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Circulating
Fluidized Bed Boilers Market Introduction
13.1.2. Middle
East & Africa Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
13.1.2.1. By Technology Type
13.1.2.2. By Fuel Type
13.1.2.3. By Operating
Capacity
13.1.2.4. By End-use
Application
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Circulating Fluidized Bed Boilers Market:
Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Circulating
Fluidized Bed Boilers Market Introduction
14.1.2. Latin America Circulating
Fluidized Bed Boilers Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
14.1.2.1. By Technology Type
14.1.2.2. By Fuel Type
14.1.2.3. By Operating
Capacity
14.1.2.4. By End-use
Application
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Circulating Fluidized Bed
Boilers Market Product Mapping
16.2. Global Circulating Fluidized Bed
Boilers Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
16.3. Global Circulating Fluidized Bed
Boilers Market Tier Structure Analysis
16.4. Global Circulating Fluidized Bed
Boilers Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. General Electric
(GE)
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. Babcock &
Wilcox Enterprises, Inc.
17.3. Doosan Heavy
Industries & Construction
17.4. Wood Group
17.5. Shanghai Electric
Group
17.6. Mitsubishi Hitachi Power
Systems
17.7. Thermax Limited
17.8. Valmet Corporation
17.9. China National
Boiler Group Corporation (CNBGC)
17.10. Dongfang Electric
Corporation
17.11. Harbin Electric
International Company
17.12. Toshiba Corporation
17.13. Zhejiang Energy
Group
17.14. Siemens Energy
17.15. Amec Foster Wheeler
17.16. Larsen & Toubro
(L&T)
17.17. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research Findings & Conclusion
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Frequently Asked Questions
What is the market size of Circulating Fluidized Bed Boilers Market in 2024?
Circulating Fluidized Bed Boilers Market was valued at USD 984.62 Million in 2024.
What is the growth rate for the Circulating Fluidized Bed Boilers Market?
Circulating Fluidized Bed Boilers Market size will increase at approximate CAGR of 3.7% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are General Electric (GE), Babcock & Wilcox Enterprises, Inc., Doosan Heavy Industries & Construction, Wood Group, Shanghai Electric Group, Mitsubishi Hitachi Power Systems, Thermax Limited, Larsen & Toubro (L&T) and others.
Which region dominates the Circulating Fluidized Bed Boilers Market?
Asia Pacific dominates the market with an active share of 48%.
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