The market report on the Circulating Fluidized Bed Boiler Market published by Stratview Research indicates lucrative growth opportunities in the Circulating Fluidized Bed Boiler Market industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, trends, market dynamics, and key players.
Circulating Fluidized Bed Boiler Market Forecast:
The 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.
The growth of this market principally depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using multiple analysis. These methods help in evaluating the potential of the companies and identify gaps, finding challenges as well as opportunities to lay out a successful roadmap which leads to higher profitability.
Here are the key players in the 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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Circulating Fluidized Bed Boiler Market Segmentation:
The report segments are based upon applications, material, product type, demographics, geographics, benefits and volume etc. It also recognizes the most-attractive segments and sub-segments.
Circulating Fluidized Bed Boiler Market Share: By Product Type
Based on the product type, the market is segmented as subcritical, supercritical, and ultra-supercritical. The supercritical boilers segment is expected to govern the market driven by the ongoing technological advancements which result in the adoption of new range of materials that can withstand high temperature and pressure associated with supercritical boilers.
Circulating Fluidized Bed Boiler Market Share: By Capacity Type
Based on the capacity type, the circulating fluidized bed boiler market is segmented as < 100 MW, 100 – 200 MW, 200 – 300 MW, and > 300 MW. The < 100 MW segment is expected to dominate the market due to the rising environmental concerns pertaining to industrial emissions.
Circulating Fluidized Bed Boiler Market Share: By Application Type
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.
Circulating Fluidized Bed Boiler Market Share: By Fuel Type
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.
Circulating Fluidized Bed Boiler Market Share: By Region
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.
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