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PUBLISHER: IMARC | PRODUCT CODE: 1635989
PUBLISHER: IMARC | PRODUCT CODE: 1635989
Circulating Fluidized Bed Boiler Market by Product, Capacity, Fuel Type, Application, and Region 2025-2033
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The global circulating fluidized bed (CFB) boiler market size reached USD 800 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,180 Million by 2033, exhibiting a growth rate (CAGR) of 4.23% during 2025-2033. The rising number of large-scale energy generation projects, along with the expanding oil and gas industry, is primarily bolstering the market.
Circulating fluidized bed (CFB) boilers refer to industrial boilers which are designed to provide high gas velocity in the furnace and provide maximum flexibility in burning fuels of varying flammability. They are capable of combusting different fuel compounds such as bituminous coal, brown coal, sludge, RPF (refuse paper and plastic fuel), waste tires, wood biomass, anthracite, and petroleum coke. In addition to this, these boilers offer higher combustion efficiency than conventional bubbling fluidized bed (BFB) boilers. CFB reactors address the heat removal issues that affect a fixed bed reactor and are used for coal combustion to achieve low emission standards. Circulating fluidized bed boilers are therefore an environmentally friendly alternative to coal-fired boilers as they aid in reducing carbon emissions. As a result, CFB boilers are primarily used for power generation, which effectively reduces carbon emissions. In addition to this, they provide fuel flexibility by effectively using low-grade coal and other industrial waste products to generate power.
Circulating Fluidized Bed (CFB) Boiler Market Trends:
The escalating demand for large-scale energy generation across the globe is a significant factor that is driving the market. This can be attributed to a considerable rise in investments for the upgradation of industrial facilities, particularly in the developing economies. In line with this, favorable government initiatives promoting the production and usage of clean energy are providing an impetus to the market. Also, the augmenting need for reduced NOx (oxides of nitrogen) and COx (oxides of carbon) emissions on the global level is resulting in a higher uptake of CFB boilers across numerous end-use industries. However, the high maintenance cost of CFB boilers, lower possibility of casting materials and the depletion of fossil fuels are acting as major growth-restraining factors for the market. On the contrary, the usage of lower amount of fuel as compared to the higher amount of high temperature materials present inside CFB boiler chambers is creating a positive outlook for the market. Apart from this, the market is further fueled by considerable growth in the oil and gas industry. Some of the other factors contributing to the market include rapid urbanization and industrialization, proliferation of the manufacturing industry, rising environmental concerns, and extensive research and development (R&D) activities conducted by the key players.
Key Market Segmentation:
Product Insights
Subcritical
Supercritical
Ultra-supercritical
Capacity Insights
Less than 100 MW
100-200 MW
200-300 MW
300 MW and Above
Fuel Type Insights
Coal
Biomass
Others
Application Insights
Energy and Power
Industrial
Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets that include Asia Pacific (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia-Pacific was the largest market for Circulating Fluidized Bed (CFB) boiler. Some of the factors driving the Asia-Pacific Circulating Fluidized Bed (CFB) boiler market include considerable growth in the oil and gas industry, rapid industrialization, growing environmental concerns, extensive research and development (R&D) activities focusing on infrastructure development, etc.
- Competitive Landscape
- The report has also provided a comprehensive analysis of the competitive landscape in the global Circulating Fluidized Bed (CFB) boiler market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Andritz AG, Babcock & Wilcox Enterprises Inc., Formosa Heavy Industries Corp. (Formosa Plastics Corporation), General Electric Company, Industrial Boilers America, JFE Engineering Corporation (JFE Holdings Inc.), Rafako S.A., Shanghai Electric, Sumitomo Heavy Industries Ltd., Valmet Oyj, Wuxi ZOZEN Boiler Co. Ltd., etc.
Key Questions Answered in This Report:
- How has the global Circulating Fluidized Bed (CFB) boiler market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global Circulating Fluidized Bed (CFB) boiler market?
- What are the key regional markets?
- Which countries represent the most attractive Circulating Fluidized Bed (CFB) boiler markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global Circulating Fluidized Bed (CFB) boiler market?
- Who are the key players/companies in the global Circulating Fluidized Bed (CFB) boiler market?
Product Code: SR112024A7107
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Circulating Fluidized Bed (CFB) Boiler Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Subcritical
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Supercritical
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Ultra-supercritical
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Capacity
- 7.1 Less than 100 MW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 100-200 MW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 200-300 MW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 300 MW and Above
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Fuel Type
- 8.1 Coal
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Biomass
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Application
- 9.1 Energy and Power
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Industrial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
- 11.1 Overview
- 11.2 Drivers
- 11.3 Restraints
- 11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Andritz AG
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Babcock & Wilcox Enterprises Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Formosa Heavy Industries Corp. (Formosa Plastics Corporation)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 General Electric Company
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Industrial Boilers America
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 JFE Engineering Corporation (JFE Holdings Inc.)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Rafako S.A.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Shanghai Electric
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Sumitomo Heavy Industries Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Valmet Oyj
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Wuxi ZOZEN Boiler Co. Ltd.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.1 Andritz AG
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR112024A7107
List of Figures
- Figure 1: Global: Circulating Fluidized Bed Boiler Market: Major Drivers and Challenges
- Figure 2: Global: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: Global: Circulating Fluidized Bed Boiler Market: Breakup by Product (in %), 2024
- Figure 5: Global: Circulating Fluidized Bed Boiler Market: Breakup by Capacity (in %), 2024
- Figure 6: Global: Circulating Fluidized Bed Boiler Market: Breakup by Fuel Type (in %), 2024
- Figure 7: Global: Circulating Fluidized Bed Boiler Market: Breakup by Application (in %), 2024
- Figure 8: Global: Circulating Fluidized Bed Boiler Market: Breakup by Region (in %), 2024
- Figure 9: Global: Circulating Fluidized Bed Boiler (Subcritical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Circulating Fluidized Bed Boiler (Subcritical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Circulating Fluidized Bed Boiler (Supercritical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Circulating Fluidized Bed Boiler (Supercritical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Circulating Fluidized Bed Boiler (Ultra-supercritical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Circulating Fluidized Bed Boiler (Ultra-supercritical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Circulating Fluidized Bed Boiler (Less than 100 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Circulating Fluidized Bed Boiler (Less than 100 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Circulating Fluidized Bed Boiler (100-200 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Circulating Fluidized Bed Boiler (100-200 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Circulating Fluidized Bed Boiler (200-300 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Circulating Fluidized Bed Boiler (200-300 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Circulating Fluidized Bed Boiler (300 MW and Above) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Circulating Fluidized Bed Boiler (300 MW and Above) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Circulating Fluidized Bed Boiler (Coal) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Circulating Fluidized Bed Boiler (Coal) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Circulating Fluidized Bed Boiler (Biomass) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Circulating Fluidized Bed Boiler (Biomass) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Circulating Fluidized Bed Boiler (Other Fuel Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Circulating Fluidized Bed Boiler (Other Fuel Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Circulating Fluidized Bed Boiler (Energy and Power) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Circulating Fluidized Bed Boiler (Energy and Power) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Circulating Fluidized Bed Boiler (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Circulating Fluidized Bed Boiler (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Circulating Fluidized Bed Boiler (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Circulating Fluidized Bed Boiler (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: North America: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: North America: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: United States: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: United States: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Canada: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Canada: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Asia-Pacific: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Asia-Pacific: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: China: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: China: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Japan: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Japan: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: India: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: India: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: South Korea: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: South Korea: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Australia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Australia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Indonesia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Indonesia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Europe: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Europe: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Germany: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Germany: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: France: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: France: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: United Kingdom: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: United Kingdom: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Italy: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Italy: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Spain: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Spain: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Russia: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Russia: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Latin America: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Latin America: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Brazil: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Brazil: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Mexico: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Mexico: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Others: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Others: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Middle East and Africa: Circulating Fluidized Bed Boiler Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Middle East and Africa: Circulating Fluidized Bed Boiler Market: Breakup by Country (in %), 2024
- Figure 83: Middle East and Africa: Circulating Fluidized Bed Boiler Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 84: Global: Circulating Fluidized Bed Boiler Industry: Drivers, Restraints, and Opportunities
- Figure 85: Global: Circulating Fluidized Bed Boiler Industry: Value Chain Analysis
- Figure 86: Global: Circulating Fluidized Bed Boiler Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Circulating Fluidized Bed Boiler Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 3: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Capacity (in Million USD), 2025-2033
- Table 4: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Fuel Type (in Million USD), 2025-2033
- Table 5: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 6: Global: Circulating Fluidized Bed Boiler Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Circulating Fluidized Bed Boiler Market: Competitive Structure
- Table 8: Global: Circulating Fluidized Bed Boiler Market: Key Players
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