According to a research report by Stratview Research, Circulating Fluidized Bed Boiler market is likely to witness an impressive CAGR of 5.7% during the forecast period. The major driving factor bolstering the market for circulating fluidized bed boiler is its ability to effectively reduce harmful NOx and SOx emissions without any special environmental modification.

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Segments’ Analysis

Stratview Research has segmented the Circulating Fluidized Bed Boiler Market by Product Type (Subcritical, Supercritical, and Ultra-Supercritical), by Capacity Type (< 100 MW, 100 – 200 MW, 200 – 300 MW, and > 300 MW), by Application Type (Utility, Oil & Gas, Petrochemical, Chemical, and Others), by Fuel Type (Coal, Biomass, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the application type, the market is segmented as utility, oil & gas, petrochemical, chemical, and others. The utility segment is expected to remain the dominant segment over the forecast period. Utilities are continuously looking for technologies that can effectively operate under adverse conditions, irrespective of the raw materials being provided.

Based on the fuel type, the circulating fluidized bed boiler market is segmented as coal, biomass, and others. The biomass segment is expected to remain the dominant segment. It is driven by easy availability of sources along with ongoing efforts to counteract global warming, which has accelerated the installation of biomass-based circulating fluidized bed boiler.

In terms of regions, Asia-Pacific is estimated to be the largest region for the circulating fluidized bed boiler market during the forecast period. The growth of the region is mainly driven by resurgent economic growth along with increasing investments towards the upgradation of industrial facilities and urging demand for energy across the industrial sector.

The following are the key players in the Circulating Fluidized Bed Boiler Market –

  • Babcock and Wilcox Enterprises Inc.
  • Bharat Heavy Electricals Limited
  • IHI Corporation
  • AMEC Foster Wheeler Ltd.
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Thermax Limited
  • Forbes Marshall
  • Mitsubishi Hitachi Power Systems Ltd.
  • General Electric
  • Walchandnagar Industries Limited (WIL).

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