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Circulating Fluidized Bed Boiler Market Growth Trends, Industry Insights, Business Opportunities by 2024

Author : Rahul Sankrityayan | Published Date : 2019-09-12 

Global Market Insights recently introduced report on global Circulating Fluidized Bed Boiler Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.

 The global circulating fluidized bed boiler market is anticipated to grow owning to increasing demand for power across the developing nations. Ongoing investment toward the expansion & modernization of industrial facilities along with increasing adaption of cleaner and cost-efficient technology will positively influence the business landscape. Furthermore, rising demand for bioenergy owning to increasing adoption of renewable energy sources will further propel the business growth.

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Introduction of numerous government regulations toward monitoring and control of industrial pollution coupled with the growing adoption of energy efficient technologies will further stimulate the circulating fluidized bed boiler market. For instance, the European Union target of 40% reduction of Green House Gas (GHG) emissions by 2030 compared to 1990 levels. These targets set will enhance the replacement of existing high-emission fuel boilers with advanced CFB systems.

Increasing demand for clean energy sources coupled with modernization of current industrial facilities will stimulate the circulating fluidized bed boiler market. Shifting trend across the developing economies toward adaption of CFB technology over conventional power generation systems will boost the product penetration. However, installation of Flue Gas Desulfurization (FGD) or Selective Catalyst Reduction (SCR) unit on account of introduction of stringent emission standards is increasing the overall product cost which may hamper the industry growth.

The ability to operate at lower temperature when compared with conventional steam generation systems along with multi-fuel combustion capacity will stimulate the circulating fluidized bed boiler market size. Ease of compatibility with wide range of conventional as well as unconventional fuels including coal, petro-coke, biomass, wood and industrial & agricultural waste will complement the business outlook. In addition, high thermal efficiency coupled with less capital cost involved in installation and operation are some of the key parameters which will positively influence the global circulating fluidized bed boiler market growth.

Increasing demand for clean energy sources coupled with modernization of current industrial facilities will stimulate the circulating fluidized bed boiler market. Shifting trend across the developing economies toward adaption of CFB technology over conventional power generation systems will boost the product penetration. However, installation of Flue Gas Desulfurization (FGD) or Selective Catalyst Reduction (SCR) unit on account of introduction of stringent emission standards is increasing the overall product cost which may hamper the industry growth.

The key players operating across the circulating fluidized bed boiler market includes GE Alstom, Babcock & Wilcox Co., Dongfang., AE&E Nanjing Boiler Co. Ltd., Siemens, IHI Corporation, Mitsubishi, Harbin Electric Company, BHEL., Doosan Heavy Industries and Thermax Ltd.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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