Circulating Fluidized Bed (CFB) Boilers Market Trends 2015 - 2023 Nov 2016 | Page 2

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REPORT DESCRIPTION

Global Circulating Fluidized Bed (CFB) Boilers Market for Power Generation - Global Industry
Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023
Currently touted as one of the cleaner efficient energy solutions, a circulating fluidized bed boiler can help
obtain a low rate of emissions and release of pollutants into the environment. Research has shown that
nearly 95% of pollutants are absorbed using this technology rather than being dispersed into the
surroundings. Those affiliated with the global CFB boiler market agree that the advantages that CFB
technology possesses should help market players overcome the restraints on the market. While this may
be true, the current situation requires a large-scale research and development in order to progress.
Browse Full Global Circulating Fluidized Bed Boilers Market Research Report With Complete
TOC @ http://www.transparencymarketresearch.com/cfb-market.html
The global circulating fluidized bed boilers market is exhibiting a CAGR of 11.25% in a forecast period from
2015 to 2023. At the end of this growth phase, the global CFB boiler market is expected to reach 241.9
GWe in 2023. It was recorded at 92.0 GWe in 2014. Assisting and benefiting from this growth phase are the
key players in the global CFB boiler market.
Tougher CO2 Regulations Prompt Growth of Global CFB Boiler Market
The key driver of the global CFB boiler market is the set of issues currently faced by the nonrenewable
energy industry. Most deposits of coal, oil and gas, and other exhaustible energy resources are rapidly
depleting. Additionally, power generation using nonrenewable resources is posing an increasing threat on
the environment. It is in an effort to combat the high carbon emission and other adverse effects of
nonrenewable energy generation that government bodies are imposing stringent rules and regulations on
all emissions, including those in power generation. The global CFB boiler market therefore steps in, being
one of the most efficient methods of meeting the rising energy demand through eco-friendly means.
Other advantages of circulating fluid bed boilers include gaining the flexibility of choosing from a wide
range of clean, cheap, renewable, and low-grade fuels that can come in different sizes as well as qualities.
A CFB boiler helps cut down on the emissions of CO2, SOx, and NOx and generates lower heat radiation
levels.
Subcritical Boilers Dominate Global CFB Boiler Market
In terms of type, the global CFB boiler market is segmented into supercritical, subcritical, and ultrasupercritical. Of these, the global CFB boiler market was led by subcritical SFB boilers in 2014 with a
market share of nearly 60%. As for applications, the global CFB boiler market was most used in the oil and
gas sector, which held 36% of the market in 2014. The oil and gas segment was closely followed by the
chemicals segment, which accounted for 34% of the market. The oil and gas sector forms the leading
application segment of the global CFB boiler market owing to the greater rate of generation of waste heat
in the sector.

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