Global CFB boiler market is set to record momentous growth on the account of favorable regulatory measures taken to improve manufacturing output. Ongoing government reforms to increase the GDP growth rate through private investments would propel the industry outlook through 2025. Along with regulatory reforms, there is a growing inflow of Foreign Direct Investment (FDI) in the manufacturing sector. This would further outline market expansion.
According to a recent research report by GMI, global CFB boiler market is projected to witness annual installations of 400 GW between 2019-2025.
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With reference to the product segment, supercritical based CFB boiler industry is projected to observe substantial growth over the forecast timespan. The key factor contributing to this development is growing R&D measures to build the systems that would endure high temperature and pressure.
Besides R&D, heavy implementation of high capacity heating systems to manage the rising electricity utilization should push the market share. Growing implementation of distributed power generation technologies in an effort to address the rising power requirement for commercial and industrial customers should also drive the supercritical based CFB boiler market outlook over the forthcoming years.
With respect to the fuel segment, biomass would likely witness the most lucrative growth. This is due to increasing focus towards reducing emissions from conventional power producing equipment. Meanwhile, increasing endeavors towards energy portfolio expansion would fuel the biomass powered segment.
Not to mention, easily available raw materials is another factor fueling the biomass fueled CFB boiler market. Moreover, growing need for waste sustainable management would likely propel product demand.
Strict government norms are being introduced to limit industrial pollution. Additionally, there is a growing customer interest towards the improvement of business performance. Jointly, these would majorly push the market trends.
Furthermore, there are mounting investments towards retrofitting the conventional power generating systems with improved sustainable technology. This trend is set to further foster the global circulating fluidized bed boiler market outlook.
From a regional frame of reference, Europe CFB boiler market is projected to witness considerable growth. This growth is due to regulatory standards that focus on limiting industrial carbon emissions.
Additionally, to get sustainable economic structure, the region would likely witness mounting demand. Increasing efforts towards improving energy usage would also be a key factor augmenting the CFB boiler market.
The North America CFB boiler market is anticipated to experience heavy gains. Rising investment in retrofitting and refurbishment of industrial services in the United States. Increasing economic development and an expanding manufacturing industry would propel the market.
Along with manufacturing growth, increasing efforts by governments to install clean energy generation technologies would possibly impel the market share in the region.
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All in all, rising investments, major regulatory reforms signify a wide range of opportunities for CFB boiler market players. The competitive landscape of global CFB boiler market includes thyssenkrupp Industries India, Rafako, Formosa Heavy Industries, Andritz, JFE Engineering, Alstom, Bosch Thermotechnology, Walchandnagar Industries, Valmet, Harbin Boiler, Wilcox Enterprises, General Electric, AMEC Foster Wheeler, Babcock, Mitsubishi Hitachi Power Systems, Thermax, Bharat Heavy Electricals Limited, Forbes Marshall and IHI among others.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Global circulating fluidized bed (CFB) boiler market 3600 synopsis, 2014 – 2025
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Capacity trends
2.1.4 Application trends
2.1.5 Fuel trends
2.1.6 Regional trends
Chapter 3 Circulating Fluidized Bed (CFB) Boiler Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2025 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation and sustainability
3.4.1 Bosch Thermotechnology
3.4.3 Mitsubishi Hitachi Power Systems, Ltd
3.5 Regulatory landscape
3.5.1 North America
3.5.3 Asia Pacific
3.5.4 Middle East & Africa
3.5.5 Latin America
3.6 Coal Export Landscape
3.7 Coal consumption trends
3.8 Proven coal reserves
3.9 Coal power generation trends & outlook
3.10 Biomass power generation trends & outlook
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