Home Commercial book Circulating Fluidized Bed (CFB) Boiler Market To Be Reached

Circulating Fluidized Bed (CFB) Boiler Market To Be Reached

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Portland, OR, September 21, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the circulating fluidized bed boilers Marlet generated $ 450.4 million in 2020 and is expected to reach $ 1.04 billion by 2030, with a CAGR of 8.8% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Increasing demand for cost-effective and cleaner fuel combustion technology and flexibility to use a variety of fuels are driving the growth of the global circulating fluidized bed boiler market. However, the vulnerability to wear leads to high maintenance costs, which in turn constrains the market to some extent. On the other hand, the booming energy demand presents new opportunities in the years to come.

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COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic led to the implementation of the lockdown, which resulted in the temporary shutdown of production facilities in the energy and power sector across the world.
  • The pandemic has also reduced the demand for electricity from the industrial and commercial sectors, leading to a drop in global demand for electricity by almost 2.5% in the first quarter of 2020.

The report offers detailed segmentation of the global circulating fluidized bed boilers market on the basis of product, capacity, fuel type, application, and region.

On the basis of product, the subcritical segment held the highest market share in 2020, holding nearly two-thirds of the total market share, and is expected to maintain its leading status during the forecast period. However, the supercritical segment is expected to register the highest CAGR of 9.6% from 2021 to 2030.

Get a detailed analysis of the impact of COVID-19 on the Circulating Fluidized Bed Boiler Market Ask here

On the basis of fuel type, the coal segment held the largest market share in 2020, holding nearly three quarters of the total market share, and is expected to maintain its leading status during the forecast period. However, the biomass segment is expected to record the Highest CAGR 9.2% from 2021 to 2030.

Based on region, the global Asia-Pacific circulating fluidized bed boiler market contributed the highest revenue share in 2020, holding three-fifths of the total market share, and is expected to retain its share dominant by 2030. In addition, Asia-Pacific is expected to post the fastest CAGR of 9.5% during the forecast period.

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The major global circulating fluidized bed boiler market players analyzed in the research include Mitsubishi Power, JFE Engineering Corporation, Valmet, Andritz, Industrial Boilers America, Alstom, Sumitomo Heavy Industries Ltd., Babcock & Wilcox Enterprise Inc., Thermodyne Engineering Systems and EBARA Environmental Plant Co. Ltd.

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