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Global Circulating Fluidized Bed Boiler Market 2017-2021

Global Circulating Fluidized Bed Boiler Market 2017-2021

About Circulating Fluidized Bed Boiler

Circulating fluidized bed combustion is a highly effective way to generate electricity efficiently while keeping the emissions under control. Combustion takes place inside a boiler over a bed of inert material, usually a mixture of fuel, air, and a sorbent such as limestone. During the process, primary air is introduced at a high pressure from the bottom of the boiler that raises the particles and keeps them suspended. This makes the bed attain a liquid-like state. Circulating fluidized bed boilers are an alternative to pulverized coal combustion technology and are more efficient. They offer greater flexibility to burn a wide range of fuels.

Technavio’s analysts forecast the global circulating fluidized bed boiler market to grow at a CAGR of 2.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global circulating fluidized bed boiler market for 2017-2021. To calculate the market size, the report considers the new installations and excludes retrofit/ replacement market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Circulating Fluidized Bed Boiler Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Amec Foster Wheeler
  • Babcock & Wilcox Enterprises
  • General Electric
  • DONGFANG BOILER GROUP
Other prominent vendors
  • AE&E Nanjing Boiler
  • BHEL
  • Cethar
  • Doosan Lentjes
  • E.ON
  • Emerson
  • F&H Crone B.V.
  • FORMOSA HEAVY INDUSTRIES
  • JFE ENGINEERING
  • Mitsubishi Hitachi Power System
  • Siemens
  • Thermax
  • TOSHIBA
  • Valmet
  • ZHENGZHOU BOILER
Market driver
  • Increased need for high-efficiency boilers
  • For a full, detailed list, view our report
Market challenge
  • High initial investment
  • For a full, detailed list, view our report
Market trend
  • Use of biomass as a fuel in boiler
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Circulating Fluidized Bed Boiler Market 2017-2021

Technavio recognizes the following companies as the key players in the global circulating fluidized bed boiler market: Amec Foster Wheeler, Babcock & Wilcox Enterprises, General Electric, and DONGFANG BOILER GROUP.

Other Prominent Vendors in the market are: AE&E Nanjing Boiler, BHEL, Cethar, Doosan Lentjes, E. ON, Emerson, F&H Crone B.V, FORMOSA HEAVY INDUSTRIES, JFE ENGINEERING, Mitsubishi Hitachi Power System, Siemens, Thermax, TOSHIBA, Valmet, and ZHENGZHOU BOILER.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of biomass as a fuel in boiler. Amidst the concerns related to climate change that gravitates toward incalculable environmental damage, it has been a serious global challenge to reduce dependency on fossil fuels and the emissions associated with them. This has compelled utilities and manufacturing industries to seek an alternative to fossil fuels, which resulted in the development of boilers that can utilize renewables such as biomass and waste as fuels.”

According to the report, one of the major drivers for this market is Increased need for high-efficiency boilers. Despite the imminent threats associated with climate change, coal still enjoys an indispensable position in the global energy mix. As most renewable sources are yet to reach their full potential of use, increasing demand for electricity has increased the use of coal. Recent studies have attributed coal burning to account for almost 1.1 billion tons of CO2 emissions monthly with the power generation sector being the major contributor.

Further, the report states that one of the major factors hindering the growth of this market is High initial investment. The essential components of circulating fluidized bed boilers are high pressure (HP) blower, fuel feeding system, solid recycle system, cyclone separator, superheat wing wall, and bottom ash drain among others. The prices of these components have been increasing over the past few years because of the rise in raw material costs. These components are mainly made from bronze, polycarbonate, cast iron, stainless steel, and alloys. Because of inflation and the difficulty in procurement of these materials, the prices of the materials are soaring. This has increased the cost of manufacturing, making circulating fluidized bed boilers expensive than alternative boiler technologies. The exhibit below represents a comparative study of the three most popular coal combustion technologies in terms of percentage share incurred as fuel cost, capital and investment (C&I) cost, and operation and maintenance (O&M) cost.

Companies Mentioned

Amec Foster Wheeler, Babcock & Wilcox Enterprises, General Electric, and DONGFANG BOILER GROUP.

Other Prominent Vendors in the market are: AE&E Nanjing Boiler, BHEL, Cethar, Doosan Lentjes, E. ON, Emerson, F&H Crone B.V, FORMOSA HEAVY INDUSTRIES, JFE ENGINEERING, Mitsubishi Hitachi Power System, Siemens, Thermax, TOSHIBA, Valmet, and ZHENGZHOU BOILER.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global power supply by source 1973 and 2014
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global circulating fluidized bed boiler market 2016-2021 (GW)
      • Table Average increase in circulating fluidized bed boiler unit size 1989-2020 (MW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by feedstock
    • Global circulating fluidized bed boiler by feedstock
      • Table Global circulating fluidized bed boiler market by feedstock 2016 and 2021 (%)
      • Table Global circulating fluidized bed boiler by feedstock 2016-2021 (GW)
    • Global circulating fluidized bed boiler market by coal
      • Table Global circulating fluidized bed boiler market by coal 2016-2021 (GW)
    • Global circulating fluidized bed boiler market by petcoke
      • Table Global circulating fluidized bed boiler market by petcoke 2016-2021 (GW)
      • Table Boiler feedstock comparison coal versus petcoke
    • Global circulating fluidized bed boiler market by biomass
      • Table Global circulating fluidized bed boiler by biomass 2016-2021 (GW)
      • Table Biomass power generation problems and countermeasures
  • Market segmentation by technology
    • Global circulating fluidized bed boiler market by technology
      • Table Global circulating fluidized bed boiler market by technology 2016 and 2021 (%)
      • Table Global circulating fluidized bed boiler market by technology 2016-2021 (GW)
    • Global subcritical circulating fluidized bed boiler market
      • Table Global subcritical circulating fluidized bed boiler market 2016-2021 (GW)
    • Global supercritical circulating fluidized bed boiler market
      • Table Global supercritical circulating fluidized bed boiler market 2016-2021 (GW)
      • Table Comparison of different circulating fluidized bed boiler technologies
    • Global ultra-supercritical circulating fluidized bed boiler market
      • Table Global ultra-supercritical circulating fluidized bed boiler market 2016-2021 (GW)
      • Table Impact of efficiency on CO2 emissions
  • Geographical segmentation
    • Global circulating fluidized bed boiler market by geography
      • Table Global circulating fluidized bed boiler market by geography 2016 and 2021 (%)
      • Table Global circulating fluidized bed boiler market by geography 2016-2021 (GW)
    • Circulating fluidized bed boiler market in APAC
      • Table Circulating fluidized bed boiler market in APAC 2016-2021 (GW)
      • Table China's energy consumption 2016 (%)
    • Circulating fluidized bed boiler market in EMEA
      • Table Circulating fluidized bed boiler market in EMEA 2016-2021 (GW)
    • Circulating fluidized bed boiler market in Americas
      • Table Circulating fluidized bed boiler market in Americas 2016-2021 (GW)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global CO2 emission from fuel combustion 2014 (%)
      • Table CO2 standard emission limits on upcoming thermal power plants across UK, US, and China
      • Table USC circulating fluidized bed boiler advantages
      • Table Spectrum of fuels that can be utilized by circulating fluidized bed boiler
      • Table Circulating fluidized bed boiler versus pulverized boiler in terms of reliability (%)
    • Market challenges
      • Table Cost comparison of pulverized coal-fired boiler, circulating fluidized bed boiler (retrofit), and fluidized bed combustion boiler
      • Table Closure of coal power plants in the US (GW)
  • Market trends
    • Use of biomass as a fuel in boiler
      • Table Reduction in CO2 emissions by mixing biomass in coal feedstock
    • Increase in replacement of old conventional boilers
    • Increasing adoption of circulating fluidized bed boilers in the power industry
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Amec Foster Wheeler
      • Table Amec Foster Wheeler: Product overview
    • Babcock & Wilcox Enterprises
      • Table Babcock & Wilcox Enterprises: Boiler overview
    • General Electric
      • Table General Electric: Boiler overview
    • DONGFANG BOILER GROUP
  • Appendix
    • List of abbreviations
  • Explore Technavio

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