The global circulating fluidized bed boiler market was valued at ~$450.2 million in 2020. The market is forecast to grow at a CAGR of ~8.5% during the forecast period from 2021-2027.
Circulating fluidized bed (CFB) technology is a fuel-burning process that allows maximum flexibility when burning a variety of fuels. In fluidized beds, gas flows at a high velocity in the furnace of a circulating boiler. A CFB boiler can burn several types of fuel compounds including bituminous coal, brown coal, wood biomass, etc.
Contrary to bubbling fluidized bed (BFB) boilers, CFB boilers can burn a wide range of fuels. CFB boilers can use bituminous coal, biomass, anthracite, petroleum coke, paper sludge, RPF (refuse papers and plastics), and waste tires. The combustion efficiency of these boilers is higher than that of BFB boilers.
Factors Affecting the Global Circulating Fluidized Bed Boiler Market
- One of the factors driving the global market for CFB boilers is their minimal environmental impact.
- CFB boilers have a combustion temperature between 800 and 900°C, whereas regular boilers have a combustion temperature between 1,400 and 1,500°C. Thus, thermal nitrogen oxides are reduced. This collective effect increases demand for circulating fluidized bed boilers, thereby accelerating market growth.
- Due to their vulnerability to wear and tear, CFB boilers have a high maintenance cost, which limits their growth.
- In CFB boiler chambers, a small amount of fuel is present compared to the number of materials high in temperature. The global circulating fluidized bed boiler market is expected to enjoy growth owing to this key factor.
Covid-19 Impact: The Global Circulating Fluidized Bed Boiler Market
- Due to its dependence on oil & gas, energy and power, and other industrial sectors, the circulating fluidized bed boiler market has been negatively impacted since the Covid-19 pandemic.
- The worldwide lockdown on international trade affecting the fluidized bed boiler market has resulted in delays in transportation and non-essential trade.
- The temporary shutdown of oil refineries during Covid-19 has also resulted in a reduction in consumption of circulating fluidized bed boilers for burning a wide variety of fuels.
- During the Covid-19 scenario, financial stress, reduction of demand, and disruptions of the power supply chain negatively impact the power sector, which in turn decreases the demand for circulating fluidized bed boilers.
- The post-Covid-19 scenario is expected to see a rise in the demand for circulating fluidized bed boilers driven by the demand for energy and increased fuel consumption.
Regional Analysis: The Global Circulating Fluidized Bed Boiler Market
By region, North America leads the Circulating Fluid Bed Boiler market, followed by Europe. One of the factors driving the market is more awareness about the need to reduce emissions and increase operational efficiency.
In terms of global capacity for CFB boilers, we expect Asia-Pacific countries will dominate. The rapid industrialization of countries like India and China, where there is a lack of sufficient electrical power supply, is also driving the demand for circulating fluid bed boilers. In addition, circulating fluid bed boilers will be driven by research and development.
Key Players in the Global Circulating Fluidized Bed Boiler Market
The major key players in the global circulating fluidized bed boiler market are:
- Mitsubishi Power
- Thermodyne Engineering Systems
- Valmet
- Andritz
- Alstom
- Sumitomo Heavy Industries Ltd.
- Industrial Boilers America
- JFE Engineering Corporation
- Babcock & Wilcox Enterprise Inc.
- EBARA Environmental Plant Co. Ltd.
- Other Prominent Players
Aim of the Report: The Global Circulating Fluidized Bed Boiler Market
The global circulating fluidized bed boiler market is segmented by Application, Product, Capacity, Fuel Type, and Region.
Segmentation based on Application
- Energy & Power
- Industrial
- Others
Segmentation based on Product
- Subcritical
- Supercritical
- Ultra-Supercritical
Segmentation based on Capacity
- Less than 100 MW
- 100-200 MW
- 200-300 MW
- 300 MW and above
Segmentation based on Fuel Type
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
