Press release
Circulating Fluid Bed Boilers Market: Booming Energy Demand and Regulatory Tightening Fuel CAGR of 5.8% by 2025
Circulating Fluid Bed Boilers Market Size
What Is The Projected Market Size Of The Global Circulating Fluid Bed Boilers Market And Its Growth Rate?
The Circulating Fluid Bed Boilers market has shown significant growth recently and is projected to continue this trend:
• Market size is expected to reach $43.11 billion in 2025, up from $40.76 billion in 2024.
• The Compound Annual Growth Rate (CAGR) from 2024 to 2025 is 5.8%.
• By 2029, the market size is forecasted to grow to $54.46 billion at a CAGR of 6.0%.
What Is Driving The Growth In The Circulating Fluid Bed Boilers Market?
The circulation fluid bed boilers market is experiencing upscaling due to the increase in the usage of coal as fuel. This trend is likely to drive the market growth in the future. The mineral content transformed from coal into ash during burning in a circulating fluid bed boiler which is common in coal-fired power plants that generate steam to power turbines. This was proven in 2023 when the U.S. Energy Information Administration published a report showing an increase of 20 million short tons in coal usage in 2022, which drove the circulating fluid bed boiler market forward.
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Who Are the Key Players Driving Circulating Fluid Bed Boilers Market Growth?
Major market players include:
• Mitsubishi Heavy Industries Ltd.
• Valmet Corporation
• Andritz AG
• Industrial Boilers America Inc.
• Alstom Power Inc.
• Sumitomo Heavy Industries Ltd.
• Babcock & Wilcox Enterprises Inc.
• EBARA Environmental Plant Co. Ltd.
• General Electric Company
• JFE Engineering Corporation
• Doosan Heavy Industries & Construction Co. Ltd.
What Are The Key Trends In The Circulating Fluid Bed Boilers Market?
Key trends shaping the market include:
• Advancements in combustion technology
• Focus on cleaner coal combustion
• Integration of carbon capture technologies
• Digitalization for operational optimization
What Are The Segments Of The Global Circulating Fluid Bed Boilers Market?
The markets covered in the report can be segmented as follows:
• By Product: Subcritical CFB Boilers, Supercritical CFB Boilers, Ultra-Supercritical CFB Boilers
• By Fuel Type: Coal, Biomass, Other Fuel Types
• By Capacity: Less Than 100 MW, 100-200 MW, 200-300 MW, 300 MW And Above
• By Application: Oil And Gas, Power, Chemicals, Manufacturing, Other Application Types
Which Region Leads The Circulating Fluid Bed Boilers Market?
North America led the circulating fluid bed boilers market in 2024, and it is expected to be the fastest-growing region in the coming years. The growth of this region can be attributed to the increasing demand for circulating fluid bed boilers and strict environmental regulations. Other regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Circulating Fluid Bed Boilers Market Global Market Report?
- Market Size Analysis: Analyze the Circulating Fluid Bed Boilers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Circulating Fluid Bed Boilers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Circulating Fluid Bed Boilers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Circulating Fluid Bed Boilers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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