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Circulating Fluidized Bed (CFB) Boilers Market Will Experience Accelerating Growth, by reaching 134.19 GWe in 2018.
Circulating Fluidized Bed (CFB) Boilers (Subcritical, Supercritical, Ultra Supercritical) Market for Power Generation - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Published 29 September 2015
A recent study by Transparency Market Research (TMR) forecasts that the global circulating fluidized bed (CFB) boilers market will grow at a CAGR of 12.2% between 2012 and 2018. TMR, a market intelligence company based in the United States says, the global circulating fluidized bed (CFB) boilers market had an installed capacity worth 60 GWe in 2011 and is anticipated to reach an installed capacity of 134.19 GWe by 2018. The report titled ‘Circulating Fluidized Bed Boilers - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018’ is available for sale on the website.
This market research study states that the global circulating fluidized bed boilers market is primarily driven by increasing installations of circulating fluidized bed boilers owing to excellent fuel flexibility. With the help of the fluidized bed technology, circulating fluidized bed boilers apply the principle that involves the introduction of crushed limestones and fuel. This technique is preferred over others as it leads to minimal emissions and a lower carbon footprint. Different types of fuels that can be used in circulating fluidized bed boilers are petroleum coke, coal, agricultural waste, anthracite, biowaste, and others. Furthermore, circulating fluidized bed boilers have the capacity to handle these aforementioned fuels with high content of ash, moisture, and low heating value.
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The TMR report segments the global circulating fluidized bed boilers market on the basis of product type, applications, and geography. Based on product type, the circulating fluidized bed boilers market is categorized into subcritical circulating fluidized bed boilers, supercritical circulating fluidized bed boilers, and ultra supercritical circulating fluidized bed boilers. In 2011, with a capacity exceeding 35 GWe, the segment for subcritical circulating fluidized bed boilers held the highest share in the global market. However, in recent times, the supercritical circulating fluidized bed boilers segment has been witnessing robust growth owing to lower emissions and greater efficiency. The commercialization of the ultra supercritical circulating fluidized bed boilers segment has been a noteworthy development in the global circulating fluidized bed boilers market. Latest industry trends indicate, this segment is expanding and the commercialization of the same will take place in the years to come. General industry and oil and gas are the main applications areas of the global circulating fluidized bed boilers market.
Browse the full Circulating Fluidized Bed (CFB) Boilers (Subcritical, Supercritical, Ultra Supercritical) Market for Power Generation - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/cfb-market.html
Geographically, the research report segments the global circulating fluidized bed boilers market into Europe, North America, Asia Pacific, and Rest of the World. Globally, China is the largest manufacturer of circulating fluidized bed boilers. The global chemicals market is anticipated to be the largest consumer segment in the global circulating fluidized bed boilers market in the coming years. Analysts expect India and China markets to encourage the circulating fluidized bed boilers segment to grow as the rapid industrial development in regions will demand tremendous power. Some of the prominent companies profiled in this report are Thermax, Shanghai Boiler Works Co. Ltd, Mitsubishi Heavy Industries Ltd., Harbin Boiler Co. Ltd., Formosa Heavy Industries Corp., Doosan Heavy Industries and Construction Co ltd, BHEL, Alstom, and AE&E Nanjing Boiler Co. Ltd.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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