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What's driving the Circulating Fluidized Bed Boiler Market Size? Forbes Marshall, Bharat Heavy Electricals Limited, Thermax, Mitsubishi Hitachi Power Systems, IHI, AMEC Foster Wheeler, General Electric, Babcock and Wilcox Enterprises, Harbin Boiler, Valme

05-20-2020 12:14 PM CET | Energy & Environment

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What's driving the Circulating Fluidized Bed Boiler Market

Selbyville, Delaware This Global Circulating Fluidized Bed Boiler report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Supercritical based CFB boiler industry is expected to observe significant upsurge owing to increasing R&D measures to develop the systems enduring high pressure and temperature. Furthermore, surging adoption of high capacity heating systems to effectively suffice the growing electricity usage will augment the product deployment in the coming years. Moreover, rising installation of distributed power generation technologies to meet the escalating power demand for industrial and commercial consumers will further stimulate the business landscape.

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Major industry participants operating across the CFB market includes Forbes Marshall, Bharat Heavy Electricals Limited, Thermax, Mitsubishi Hitachi Power Systems, IHI, AMEC Foster Wheeler, General Electric, Babcock and Wilcox Enterprises, Harbin Boiler, Valmet, Walchandnagar Industries, Bosch Thermotechnology, Alstom, JFE Engineering, Andritz, Formosa Heavy Industries, Rafako, and thyssenkrupp Industries India.

Circulating Fluidized Bed Boiler Market by 2025 is expected to witness an annual installation of over 400 GW. Favorable regulatory measures to enhance the manufacturing output will stimulate the global CFB boiler industry growth. In addition, ongoing goverment reforms to escalate the existing Gross Domestic Product (GDP) growth rate by promoting private investement across the manufacturing sector will complement the business outlook. Moreover, rising influx of Foreign Direct Investment in the manufacturing segment will further expand the industrial population across the globe which in turn will propel the boiler demand.

Introduction of stringent regulations to reduce industrial pollution along with rising inclination toward optimizing business performance will drive the demand for CFB boiler globally. Surging investments to retrofit the conventional power generating systems with enhanced sustainable technology will further propel the circulating fluidized bed boiler market growth.

CFB boiler industry for > 300 MW capacity will witness a significant growth on account of surging deployment of large thermal power stations to suffice the growing electricity applications. In addition, capability to effectively perform operations at configurations associated with ultra-supercritical and supercritical technologies will drive the industry outlook.

Growing investments toward the refurbishment and retrofitting of industrial facilities along with resurgent economic growth will stimulate the CFB boilers industry across the U.S. Furthermore, burgeoning manufacturing sector owing to rising private participation will boost the product adoption across the country. Moreover, surging government efforts toward the installation of cleaner electricity generation technology will further complement the industry growth.

Rising concerns towards to emissions reduction from the conventional power generating equipment along with ongoing endeavors toward the expansion of the energy portfolio will stimulate the biomass fueled CFB boiler industry growth. Supportive regulatory framework, and easy availability of raw materials are some of the few prominent factors favoring technology deployment. Furthermore, increasing demand for sustainable waste management practices will further boost the product demand over the forecast period.

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