Deerfield Beach, FL -- (SBWIRE) -- 07/20/2017 -- New report on Cir culating Fluidized Bed (CFD) is a process of providing boilers and power plants maximum flexibility in burning variety of fuels. The CFB boilers market has seen a significant growth over the past three years due to increased need for power. Additionally, companies are using CFB boilers to adhere stringent government regulations pertaining to gas emission which is also a driving factor. CFB boilers operate at relatively lower temperatures as compared to conventional boilers, reducing the gas emission levels considerably. Low emission of gases such as carbon dioxide, sulfur dioxide and nitrogen dioxide make CFB boilers environmentally friendly which is a key driver for the market growth. Additionally, flexibility in use of fuels reduces the burden on depleting reserves of coal, as CFB encourages the use of other fuels. The CFB boilers also reduce the operational cost of boilers and power plants, which is another driving factor for the market. The geographic market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). The North American market is the most mature market for CFB boilers as companies in this region adopted the CFB technology much earlier due to stringent gas emission laws and control operational cost.

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The CFB boilers product market is segmented as subcritical CFB boilers, supercritical CFB boilers and ultra supercritical CFB boilers. It is expected that supercritical and ultra supercritical boilers would have a higher market share than subcritical boilers. Supercritical and ultra supercritical boilers are used in high to very high megawatt plants; therefore, the CFB boilers used in these plants use highly advanced technologies to provide fuel efficiency and reduce gas emission. The application market is segmented into oil and gas industry, chemical industry, general industry and others (paper and pulp production, beverage). The oil and gas industry is using CFB boilers on a larger scale in their routine operations as compared to other industry verticals; therefore, it would have the highest revenue in the market. The chemical industry is expected to increase the use of CFB boilers due to operational efficiency and reduced gas emission. Therefore, it is projected that the chemical industry would have the highest growth rate in the market. Product launches is the key strategy adopted by most companies in the market to increase market share. Some of the key companies profiled in this report are Alfa Laval Aalborg A/S, Alstom, AE&E Nanjing Boiler Co. Ltd., BHEL, Formosa Heavy Industries Corp., Foster Wheeler, DongFang Boiler, Mitsubishi Heavy Industries Ltd., Shanghai Boiler Works Co. Ltd, Thermax and Harbin Boiler Co. Ltd.

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MARKET BY PRODUCT

Subcritical CFB Boilers
Supercritical CFB Boilers
Ultra Supercritical CFB Boilers

MARKET BY APPLICATION

Oil and Gas Industry
Chemical Industry
General Industry
Others (Paper and Pulp Production, Beverage)

MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
RoW