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Circulating Fluidized Bed Boiler Market by Product, Capacity, Fuel Type, Application, and Region 2024-2032

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    Report

  • 141 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5769031
Description Jump to:
The global circulating fluidized bed (CFB) boiler market size reached US$ 770 million in 2023. The market is projected to reach US$ 1,150 million by 2032, exhibiting a growth rate (CAGR) of 4.59% during 2023-2032. The escalating demand for large-scale energy generation across the globe, favorable government initiatives promoting the production and usage of clean energy, and considerable growth in the oil and gas industry represent some of the key factors driving the market.

Circulating fluidized bed (CFB) boilers refer to industrial boilers which are designed to provide high gas velocity in the furnace and provide maximum flexibility in burning fuels of varying flammability. They are capable of combusting different fuel compounds such as bituminous coal, brown coal, sludge, RPF (refuse paper and plastic fuel), waste tires, wood biomass, anthracite, and petroleum coke. In addition to this, these boilers offer higher combustion efficiency than conventional bubbling fluidized bed (BFB) boilers. CFB reactors address the heat removal issues that affect a fixed bed reactor and are used for coal combustion to achieve low emission standards. Circulating fluidized bed boilers are therefore an environmentally friendly alternative to coal-fired boilers as they aid in reducing carbon emissions. As a result, CFB boilers are primarily used for power generation, which effectively reduces carbon emissions. In addition to this, they provide fuel flexibility by effectively using low-grade coal and other industrial waste products to generate power.

Circulating Fluidized Bed (CFB) Boiler Market Trends

The escalating demand for large-scale energy generation across the globe is a significant factor that is driving the market. This can be attributed to a considerable rise in investments for the upgradation of industrial facilities, particularly in the developing economies. In line with this, favorable government initiatives promoting the production and usage of clean energy are providing an impetus to the market. Also, the augmenting need for reduced NOx (oxides of nitrogen) and COx (oxides of carbon) emissions on the global level is resulting in a higher uptake of CFB boilers across numerous end-use industries. However, the high maintenance cost of CFB boilers, lower possibility of casting materials and the depletion of fossil fuels are acting as major growth-restraining factors for the market. On the contrary, the usage of lower amount of fuel as compared to the higher amount of high temperature materials present inside CFB boiler chambers is creating a positive outlook for the market. Apart from this, the market is further fueled by considerable growth in the oil and gas industry. Some of the other factors contributing to the market include rapid urbanization and industrialization, proliferation of the manufacturing industry, rising environmental concerns, and extensive research and development (R&D) activities conducted by the key players.

Key Market Segmentation:

The report provides an analysis of the key trends in each segment of the global Circulating Fluidized Bed (CFB) boiler market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product, capacity, fuel type, and application.

Product Insights

  • Subcritical
  • Supercritical
  • Ultra-supercritical
The report has provided a detailed breakup and analysis of the Circulating Fluidized Bed (CFB) boiler market based on the product. This includes subcritical, supercritical, and ultra-supercritical. According to the report, subcritical represented the largest segment.

Capacity Insights

  • Less than 100 MW
  • 100-200 MW
  • 200-300 MW
  • 300 MW and Above
The report has provided a detailed breakup and analysis of the Circulating Fluidized Bed (CFB) boiler market based on the capacity. This includes less than 100 MW, 100-200 MW, 200-300 MW, and 300 MW and above. According to the report, 100-200 MW represented the largest segment.

Fuel Type Insights

  • Coal
  • Biomass
  • Others
The report has provided a detailed breakup and analysis of the Circulating Fluidized Bed (CFB) boiler market based on the fuel type. This includes coal, biomass, and others. According to the report, coal represented the largest segment.

Application Insights

  • Energy and Power
  • Industrial
  • Others
A detailed breakup and analysis of the Circulating Fluidized Bed (CFB) boiler market based on the application has also been provided in the report. This includes energy and power, industrial, and others. According to the report, energy and power accounted for the largest market share.

Regional Insights:

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include Asia-Pacific (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia-Pacific was the largest market for Circulating Fluidized Bed (CFB) boiler. Some of the factors driving the Asia-Pacific Circulating Fluidized Bed (CFB) boiler market include considerable growth in the oil and gas industry, rapid industrialization, growing environmental concerns, extensive research and development (R&D) activities focusing on infrastructure development, etc.
  • Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global Circulating Fluidized Bed (CFB) boiler market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Andritz AG, Babcock & Wilcox Enterprises Inc., Formosa Heavy Industries Corp. (Formosa Plastics Corporation), General Electric Company, Industrial Boilers America, JFE Engineering Corporation (JFE Holdings Inc.), Rafako S.A., Shanghai Electric, Sumitomo Heavy Industries Ltd., Valmet Oyj, Wuxi ZOZEN Boiler Co. Ltd., etc.

Key Questions Answered in This Report:

  • How has the global Circulating Fluidized Bed (CFB) boiler market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global Circulating Fluidized Bed (CFB) boiler market?
  • What are the key regional markets?
  • Which countries represent the most attractive Circulating Fluidized Bed (CFB) boiler markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the capacity?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the application?
  • What is the competitive structure of the global Circulating Fluidized Bed (CFB) boiler market?
  • Who are the key players/companies in the global Circulating Fluidized Bed (CFB) boiler market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Circulating Fluidized Bed (CFB) Boiler Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Subcritical
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Supercritical
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Ultra-supercritical
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Capacity
7.1 Less than 100 MW
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 100-200 MW
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 200-300 MW
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 300 MW and Above
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Fuel Type
8.1 Coal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Biomass
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Energy and Power
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Industrial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Andritz AG
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Babcock & Wilcox Enterprises Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Formosa Heavy Industries Corp. (Formosa Plastics Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 General Electric Company
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Industrial Boilers America
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 JFE Engineering Corporation (JFE Holdings Inc.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Rafako S.A.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Shanghai Electric
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Sumitomo Heavy Industries Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Valmet Oyj
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Wuxi ZOZEN Boiler Co. Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Circulating Fluidized Bed Boiler Market: Major Drivers and Challenges
Figure 2: Global: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Circulating Fluidized Bed Boiler Market: Breakup by Product (in %), 2023
Figure 5: Global: Circulating Fluidized Bed Boiler Market: Breakup by Capacity (in %), 2023
Figure 6: Global: Circulating Fluidized Bed Boiler Market: Breakup by Fuel Type (in %), 2023
Figure 7: Global: Circulating Fluidized Bed Boiler Market: Breakup by Application (in %), 2023
Figure 8: Global: Circulating Fluidized Bed Boiler Market: Breakup by Region (in %), 2023
Figure 9: Global: Circulating Fluidized Bed Boiler (Subcritical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Circulating Fluidized Bed Boiler (Subcritical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Circulating Fluidized Bed Boiler (Supercritical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Circulating Fluidized Bed Boiler (Supercritical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Circulating Fluidized Bed Boiler (Ultra-supercritical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Circulating Fluidized Bed Boiler (Ultra-supercritical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Circulating Fluidized Bed Boiler (Less than 100 MW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Circulating Fluidized Bed Boiler (Less than 100 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Circulating Fluidized Bed Boiler (100-200 MW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Circulating Fluidized Bed Boiler (100-200 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Circulating Fluidized Bed Boiler (200-300 MW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Circulating Fluidized Bed Boiler (200-300 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Circulating Fluidized Bed Boiler (300 MW and Above) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Circulating Fluidized Bed Boiler (300 MW and Above) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Circulating Fluidized Bed Boiler (Coal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Circulating Fluidized Bed Boiler (Coal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Circulating Fluidized Bed Boiler (Biomass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Circulating Fluidized Bed Boiler (Biomass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Circulating Fluidized Bed Boiler (Other Fuel Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Circulating Fluidized Bed Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Circulating Fluidized Bed Boiler (Energy and Power) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Circulating Fluidized Bed Boiler (Energy and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Circulating Fluidized Bed Boiler (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Circulating Fluidized Bed Boiler (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Circulating Fluidized Bed Boiler (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Circulating Fluidized Bed Boiler (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Circulating Fluidized Bed Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Circulating Fluidized Bed Boiler Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Circulating Fluidized Bed Boiler Industry: Drivers, Restraints, and Opportunities
Figure 85: Global: Circulating Fluidized Bed Boiler Industry: Value Chain Analysis
Figure 86: Global: Circulating Fluidized Bed Boiler Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Circulating Fluidized Bed Boiler Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
Table 4: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Fuel Type (in Million US$), 2024-2032
Table 5: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Circulating Fluidized Bed Boiler Market: Competitive Structure
Table 8: Global: Circulating Fluidized Bed Boiler Market: Key Players

Companies Mentioned

  • Andritz AG
  • Babcock & Wilcox Enterprises Inc.
  • Formosa Heavy Industries Corp. (Formosa Plastics Corporation)
  • General Electric Company
  • Industrial Boilers America
  • JFE Engineering Corporation (JFE Holdings Inc.)
  • Rafako S.A.
  • Shanghai Electric
  • Sumitomo Heavy Industries Ltd.
  • Valmet Oyj
  • Wuxi ZOZEN Boiler Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedJanuary 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 770 Million
Forecasted Market Value ( USD ) by 2032 $ 1150 Million
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Market

Circulating Fluidized Bed (CFB) technology is a type of heat exchanger and cooling tower that is used in a variety of industries. It is a type of fluidized bed combustion system that uses a recirculating loop to maintain the bed material in suspension. This allows for a more efficient combustion process and improved heat transfer. CFB technology is used in a variety of applications, including power generation, chemical processing, and waste incineration. It is also used in the production of cement, lime, and other industrial minerals. CFB technology is becoming increasingly popular due to its ability to reduce emissions and improve energy efficiency. It is also cost-effective and can be used in a variety of applications. Additionally, CFB technology is relatively easy to maintain and can be used in a variety of climates. Some of the major companies in the CFB market include Alstom, Babcock & Wilcox, Doosan, Foster Wheeler, and Siemens. These companies offer a variety of CFB products and services, including boilers, heat exchangers, and cooling towers. Show Less Read more

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