Market research Future Circulating Fluid Bed Boilers Market Trend & Size. | Page 3

Circulating Fluid Bed Boilers Market Research Report- Forecast to 2023
2 Market Overview: -
CFB Boiler is characterized by its compatibility with variety of fuels including low grade coal biomass and
others whereas, conventional boilers for power generation are available only for fossil fuels such as high
grade coal and oil and gas. Circulating Fluidized Bed (CFB) boilers using fossil and renewable energy
sources have been successful in operation for the last two decades and have become popular due to their
impressive environmental performance as well as their fuel flexibility. CFB Boiler, also circulating
fluidized bed boilers, widely applied in oil & gas, chemicals, manufacturing and others. This allows for a
wide range of fuels to be burned efficiently. This includes low-grade and difficult-to-burn fuels such as
lignite, petroleum coke, oil shale, and biomass within a wide range of mixing rates. Circulating Fluidized
Bed (CFB) boiler has played an important role in high efficient utilizing of coal resource due to its excellent
fuel flexibility and environmental friendly performance. It developed as the beneficial supplement of
pulverized coal boiler rapidly. The global Circulating Fluid Bed Boilers market is poised to grow at an
estimated CAGR of 2.5% through the forecast period.
Market Research Analysis: -
Market Research Future analysis states that the global market of Circulating Fluid Bed Boilers market is
estimated to grow at A CAGR of 2.5% by the end of year 2023.
Factors such as wide fuel flexibility, excellent emission performance and large range of load adjustment,
CFB boiler technology developed rapidly and becomes one of the clean coal combustion technologies
commercially applied in large scale operations. Surging demand for cost efficient and cleaner combustion
technology coupled with stringent environmental regulations, has insisted to look for energy efficient ways
of power generation. Moreover, as compared to conventional boilers, minimum capital costs involved in
the setup and operation of CFB boilers acts as major driving factor for the growth of the market.
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