Circulating Fluidized Bed (CFB) Boilers Market

Transparency Market
Research
Circulating Fluidized Bed (CFB) Boilers Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2023
Published Date
25-Nov-2015
74 Page Report
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Circulating Fluidized Bed (CFB) Boilers
Market
REPORT DESCRIPTION
Circulating Fluidized Bed (CFB) Boilers Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2015 - 2023
Technology variations, the recent advances in design, and fragmented manufacturing have resulted in a high degree of
competition in the global circulating fluidized bed (CFB) boilers market. This in turn has compelled the leading
enterprises in the market such as Alfa Laval AB, AE&E Nanjing Boiler Co. Ltd., Bharat Heavy Electricals Limited (BHEL), and
others to focus on direct marketing. As per Transparency Market Research (TMR), the majority of these companies
usually enter into collaborations and agreements or set up joint venture to utilize shared boiler approach.
The energy sector is currently focusing on increasing the power output of various CFB boilers and at the same time
ensuring the reduction of emissions. A high degree of competition therefore prevails currently in the market. However,
TMR expects the degree of competition in the CFB boilers market to be medium in the forthcoming years.
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Infrastructural Development in Emerging Economies and Rising Environmental Concerns Fuel Demand for CFB Boilers
Opportunities in developing regions have proven exceptionally lucrative for the CFB boilers market. A lead analyst at TMR
said, “Asia Pacific boasts a high demand for industrial and infrastructural progress that have significantly contributed in
making the region one of the fastest growing markets for CFB boilers.” The region exhibits high demand for energy rising
from industries such as automotive, manufacturing, infrastructure, steel, and oil and gas. With the energy requirements
projected to increase in the forthcoming years, the CFB market sees huge growth potential in Asia Pacific.
The analyst further said, “Demand for CFB boilers will increase in response to the rising environmental concerns and
implementation of stringent emission control norms.” While industrial growth and commercialization continue to remain
indispensable aspects for economic growth, harmful emissions from industries have been creating alarm globally.
Various international organizations have thus come forward to curb emission of hazardous substance from industries.
Since installing CFB boilers reduces the impact of industrial processes on environment, their demand is anticipated to
increase at a robust pace in the forthcoming years. Besides these, CFB boilers also have low running cost, higher
reliability, and better fuel flexibility, which also augur well for the market.
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High Maintenance Cost of CFB Boilers May Limit their Installation
Despite exhibiting significant advantages over its substitutes, the high maintenance cost of a CFB boiler is its most
notable drawback. The boilers designed for subcritical operations however require lesser maintenance cost as the
process condition they operate in does not affect boiler walls for longer periods. Contrary to this, the supercritical and
ultrasupercritical boilers usually operate under extreme conditions. Oxidation, heat, and other similar factors affect these
boilers at a higher rate than their subcritical counterparts. This results in rusting and thus quicker erosion of reactor
walls, which fuels their overall maintenance costs.
Nevertheless, with the emphasis on clean energy increasing globally, TMR expects the deployment of CFB boilers to
considerably increasing in the forthcoming years.
China, Japan, and Australia together held the largest installed base for CFB boilers in 2014. The segment encompassing
these countries accounted for a share of 34.67% in the market in the year. The development of power markets in India
and China is projected to give significant impetus to the market for CFB boilers in Asia. By application, the market was led
by the oil and gas industry in 2014.
According to TMR, in 2014 the global installed capacity of CFB boilers stood at 92.0 GWe. Exhibiting a CAGR of 11.25%
between 2015 and 2023, the global CFB installed capacity is expected to reach 241.9 GWe by the end of 2023.
This review is based on information published by Transparency Market Research in a report, titled “Global Circulating
Fluidized Bed (CFB) Boilers Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.”
Key Takeaway:
-Developing countries to exhibit most lucrative opportunities for CFB boilers market.
-High maintenance cost of CFB boilers emerges as their most important drawback.
-China, Japan, and Australia held over 34% of the global CFB market in 2014.
The report segments the global CFB market as:
By Type
-Subcritical
-Supercritical
-Ultra-supercritical
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By Application
-Oil and Gas
-Chemicals
-Manufacturing
-Others
By Region
-North America
-Europe
-China, Japan and Australia
-India
-South East Asia
-Rest of the World
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.2.1 Global CFB boilers market segmentation
1.3 Report methodology
1.4 Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
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3.2 Value chain analysis
3.3 Market drivers
3.3.1 Growing demand for energy in Asia Pacific, and RoW
3.3.2 Rising concern for environmental protection and emission control
3.3.3 Lower running cost, better fuel flexibility and higher reliability
3.4 Market restraints
3.4.1 High degree of erosion and particle deposition at joints
3.5 Opportunities
3.5.1 Increasing emphasis on clean energy
3.6 Porter’s five force analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat from substitutes
3.6.5 Degree of competition
3.7 CFB boilers: Market attractiveness analysis
Chapter 4 Global Circulating Fluidized Bed (CFB) Boilers Market: Product Segment Analysis
4.1 Global CFB Boilers market: Product overview
4.2 Global CFB boilers installed capacity share, by product, 2014 and 2023
4.3 CFB Boilers Market: Product Analysis Global installed capacity of subcritical CFB boilers, 2014 – 2023, (GWe)
4.3.2 Global installed capacity of supercritical CFB boilers, 2014 – 2023, (GWe)
4.3.3 Global installed capacity of ultra-supercritical CFB boilers, 2014 – 2023, (GWe)
Chapter 5 Global Circulating Fluidized Bed (CFB) Boilers Market: Application Analysis
5.1 Global CFB Boilers market: Application overview
5.1.1 Global CFB boilers installed capacity share, by application, 2014 and 2023
5.2 CFB Boilers Market: Application Analysis
5.2.1 Global CFB boilers installed capacity in oil and gas industry, 2014–2023 (GWe)
5.2.2 Global CFB boilers installed capacity in manufacturing, 2014 – 2023 (GWe)
5.2.3 Global CFB boilers installed capacity in other industries, 2014 – 2023 (GWe)
Chapter 6 Global Circulating Fluidized Bed (CFB) Boilers Market: Regional Analysis
6.1 Global CFB Boilers Market: Regional Analysis
6.1.1 Global CFB boilers installed capacity share, by region, 2014 and 2023
6.2 CFB boilers market: Regional analysis
6.2.1 North America
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6.2.1.1 Installed capacity of CFB boilers in North America, by product, 2014 – 2023 (GWe)
6.2.1.2 Installed capacity of CFB boilers in North America, by application, 2014 – 2023 (GWe)
6.2.2 Europe
6.2.2.1 Installed capacity of CFB boilers in Europe, by product, 2014 – 2023 (GWe)
6.2.2.2 Installed capacity of CFB boilers in Europe, by application, 2014 – 2023 (GWe)
6.2.3 China, Japan and Australia
6.2.3.1 Installed capacity of CFB boilers in China, Japan and Australia, by product, 2014 – 2023 (GWe)
6.2.3.2 Installed capacity of CFB boilers in China, Japan and Australia, by application, 2014 – 2023 (GWe)
6.2.4 India
6.2.4.1 Installed capacity of CFB boilers in India, by product, 2014 – 2023 (GWe)
6.2.4.2 Installed capacity of CFB boilers in India, by application, 2014 – 2023 (GWe)
6.2.5 South East Asia
6.2.5.1 Installed capacity of CFB boilers in South East Asia, by product, 2014 – 2023 (GWe)
6.2.5.2 Installed capacity of CFB boilers in South East Asia, by application, 2014 – 2023 (GWe)
6.2.6 RoW
6.2.6.1 Installed capacity of CFB boilers in RoW, by product, 2014 – 2023 (GWe)
6.2.6.2 Installed capacity of CFB boilers in RoW, by application, 2014 – 2023 (GWe)
Chapter 7 Company profiles
7.1 Alfa Laval AB
7.1.1 Company Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.1.4 Recent Developments
7.2 Alstom SA
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategies
7.2.4 Recent developments
7.3 AE&E Nanjing Boiler Co. Ltd.
7.3.1 Company overview
7.3.2 Business strategies
7.3.3 Recent developments
7.4 Babcock & Wilcox Enterprises, Inc.
7.4.1 Company overview
7.4.2 Financial overview
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7.4.3 Business strategies
7.4.4 Recent developments
7.5 Bharat Heavy Electricals Limited (BHEL),
7.5.1 Company overview
7.5.2 Financial overview
7.5.3 Business strategies
7.5.4 Recent developments
7.6 DongFang Boiler Group Co. Ltd.
7.6.1 Company overview
7.6.2 Financial overview
7.6.3 Business strategies
7.6.4 Recent developments
7.7 Doosan Heavy Industries and Construction Co. Ltd.
7.7.1 Company overview
7.7.2 Financial overview
7.7.3 Business strategies
7.7.4 Recent developments
7.8 Formosa Heavy Industries Corp
7.8.1 Company overview
7.8.2 Financial overview
7.8.3 Business strategies
7.8.4 Recent developments
7.9 Amec Foster Wheeler plc
7.9.1 Company overview
7.9.2 Financial overview
7.9.3 Business strategies
7.10 Harbin Boiler Engineering Co., Ltd.
7.10.1 Company overview
7.10.2 Business strategies
7.11 Metso Oyj
7.11.1 Company overview
7.11.2 Financial overview
7.11.3 Business strategies
7.11.4 Recent developments
7.12 Mitsubishi Heavy Industries, Ltd.
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7.12.1 Company overview
7.12.2 Financial overview
7.12.3 Business strategies
7.12.4 Recent developments
7.13 Shanghai Boiler Works Co., Ltd.
7.13.1 Company overview
7.13.2 Financial overview
7.13.3 Business strategies
7.13.4 Recent developments
7.14 Thermax. Ltd
7.14.1 Company overview
7.14.2 Financial overview
7.14.3 Business strategies
7.14.4 Recent developments
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Global Installed Capacity of CFB Boilers Market Stood at 92 GWe in 2014 and is projected to reach 241.9 GWe by 2023 at a CAGR of 11.25% from 2015 to 2023 Download the Exclusive Report Sample Here :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1326