Circulating Fluidized Bed Boiler Market is Anticipated to Grow at an Impressive CAGR
Circulating Fluidized Bed Boiler Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2020 to 2025. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. 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.
Market Segments' Analysis
According to Stratview Research, the Circulating Fluidized Bed Boiler Market is segmented 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 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.
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.
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.
Top key vendors in the market:
The report mentions a list of key players in the Circulating Fluidized Bed Boiler Market. Some of them are mentioned below –
· 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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