The circulating fluidized bed boiler market size has the potential to grow by 35.73 GW during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by technology (subcritical, supercritical, ultra-supercritical), feedstock (coal, petcoke, biomass, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang BoilerIndustrial Boiler Group Co. Ltd., General Electric Co., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., Thermax Ltd., Toshiba Corp., and Valmet Oyj. View Free Sample Report
Subcritical circulating fluidized bed boilers have the highest global install base. The technology is a proven, viable technology ideal to be adopted for power generation. These factors have been contributing to the circulating fluidized bed boiler market growth. The circulating fluidized bed boiler market share growth by the subcritical segment will be slower than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the circulating fluidized bed boiler market size.
Circulating Fluidized Bed Boiler Market: Emerging Trends to Impact Market Growth
Use of biomass as a fuel in boiler to emerge as a key trend in the industrial circulating fluidized bed boiler market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Circulating Fluidized Bed Boiler Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang BoilerIndustrial Boiler Group Co. Ltd., General Electric Co., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., Thermax Ltd., Toshiba Corp., and Valmet Oyj are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations. For more insights into this market:Download a Free Sample Report
Circulating Fluidized Bed Boiler Market 2020-2024 | APAC to Dominate the Market With 60% Market Growth
Technavio has been monitoring the Global Circulating Fluidized Bed Boiler Market and it is expected to grow by 35.73 GW accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Circulating Fluidized Bed Boiler Market: The Recognition of the Need for High-efficiency Boilers Will Drive the Market Growth
Efficiency has a direct correlation with fuel consumption, an increase in efficiency will increase the power output per unit consumption of fuel, in this case, coal. A technology that comes with the potential to increase efficiency while lowering the emission levels of the energy generation process is likely to see a promising future at a time when the concerns about climate change deserve global attention.
Circulating fluidized bed boilers are technically advanced with better control functionality, which enables power utilities and independent power producers (IPPs) to prevent any interruption of operations and reduce their maintenance costs in the long run.
Circulating Fluidized Bed Boiler Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang BoilerIndustrial Boiler Group Co. Ltd., General Electric Co., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., Thermax Ltd., Toshiba Corp., and Valmet Oyj are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
