Circulating Fluid Bed Boilers Market Report 2026

The circulating fluid bed boilers market size has grown strongly in recent years. It will grow from $42.74 billion in 2025 to $45.08 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to expansion of thermal power generation capacity, increased use of coal and biomass boilers, availability of proven cfb technology, rising industrial steam demand, growth of manufacturing and chemical sectors.

The circulating fluid bed boilers market size is expected to see strong growth in the next few years. It will grow to $57.33 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in low-emission power generation, rising adoption of biomass-based energy, expansion of industrial cogeneration systems, growing focus on boiler efficiency upgrades, tightening environmental regulations. Major trends in the forecast period include expansion of multi-fuel combustion capabilities, increasing adoption of high-efficiency boiler designs, integration of advanced emission control systems, growing use of biomass and waste fuels, focus on operational flexibility.

An increase in the usage of coal is expected to drive the growth of the circulating fluid bed boiler market in the coming years. Coal is a mineral extracted from the earth and used as fuel, appearing as a black rock. Circulating fluid bed boilers are widely used in coal-fired power plants, where they generate steam to power large turbines, and the mineral content in coal is converted into ash during combustion. For instance, in 2025, according to the International Energy Agency, a France-based intergovernmental organization, global coal demand continued to grow in 2024, rising from 2023 levels to reach a record 8.79 Bt. Meanwhile, China’s coal demand is projected to reach 5 Bt by 2026, and coal consumption in ASEAN is expected to increase by 5% to 547 Mt over the same period. Therefore, rising coal usage is fueling the expansion of the circulating fluid bed boiler market.

The increasing adoption of renewable energy sources is also expected to contribute to the growth of the circulating fluid bed boiler market. Renewable energy sources are naturally replenishing and environmentally sustainable resources such as solar, wind, hydro, geothermal, and biomass, used for generating clean power. Circulating fluidized bed boilers support this transition by efficiently burning various renewable sources, including biomass fuels, enabling sustainable power generation with lower environmental impact. For instance, in October 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, renewable electricity capacity additions reached an estimated 507 GW in 2023, nearly 50% higher than in 2022. Solar PV and wind capacity additions are also projected to more than double by 2028 compared to 2022 levels. Additionally, the global Renewables 2023 forecast has been revised upward by 33%, reaching 728 GW. Therefore, the increasing adoption of renewable energy sources is driving the circulating fluid bed boiler market.

Major companies operating in the circulating fluid bed boiler market are investing in drone inspection solutions that use technologies such as lidar to deliver faster and more precise inspection data. Lidar is a remote sensing technology that uses laser light to measure distances and produce accurate, three-dimensional information. For instance, in May 2023, Integrated Global Services (IGS), a US-based provider of surface protection solutions, introduced the SMARTGard Inspection service, a digitalized drone inspection solution for circulating fluidized bed (CFB) boilers. This system offers a turnkey, faster, and safer inspection process globally. Equipped with lidar technology and HD live streaming, the drone - operated by IGS experts - detects issues such as corrosion and erosion, providing maintenance insights earlier in the turnaround process without the need for scaffolding.

Major companies operating in the circulating fluid bed boilers market are Mitsubishi Heavy Industries Ltd., Industrial Boilers America Inc., Alstom Power Inc., Sumitomo Heavy Industries Ltd., Babcock & Wilcox Enterprises Inc., Thermodyne Engineering Systems, EBARA Environmental Plant Co. Ltd., Doosan Heavy Industries & Construction Co. Ltd., Taipower Heavy Industries Corporation, Amec Foster Wheeler plc, Harbin Boiler Engineering Co. Ltd., Emerson Boiler Inc., Formosa Heavy Industries Corporation, Zhengzhou Boiler Co. Ltd., Hyundai Heavy Industries Co., Shanghai Boiler Works Co. Ltd., Dongfang Boiler, Kawasaki Heavy Industries Ltd., AE&E Nanjing Boiler Co. Ltd., Wuxi Huaguang Boiler Co. Ltd., Foster Wheeler AG.

North America was the largest region in the circulating fluid bed boilers market in 2025 and is expected to be the fastest-growing region in the global circulating fluid bed boilers market report during the forecast period. The regions covered in the circulating fluid bed boilers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the circulating fluid bed boilers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The circulating fluid bed boiler market consists of sales of atmospheric fluidized bed combustion (AFBC), circulating fluidized bed absorbers, and pellets. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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