Circulating Fluidized Bed Boiler Market by Technology, Feedstock, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41350

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Circulating Fluidized Bed Boiler Market market growth will increase by $35.73 GW during 2020-2024.
The circulating fluidized bed boiler market market is expected to grow at a CAGR of 2.65% during 2020-2024.
Technavio has segmented the circulating fluidized bed boiler market market by technology (Subcritical, Supercritical, and Ultra-supercritical) ,other 1 (Coal, Petcoke, Biomass, and Others) , and geographic (APAC, North America, Europe, South America, and APAC).
Babcock & Wilcox Enterprises Inc., Bharat Heavy Electricals Ltd., Dongfang BoilerIndustrial Boiler Group Co. Ltd., General Electric Co., Mitsubishi Heavy Industries Ltd., Siemens AG, Sumitomo Heavy Industries Ltd., Thermax Ltd., Toshiba Corp., Valmet Oyj are a few of the key vendors in the circulating fluidized bed boiler market market.
APAC will register the highest growth rate of 64.09% among the other regions. Therefore, the circulating fluidized bed boiler market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Australia
  • Italy
The key factors driving the circulating fluidized bed boiler market market growth are:
  • Stringent regulations on carbon dioxide emissions
  • Use of biomass as a fuel in boiler
The circulating fluidized bed boiler market market vendors should focus on grabbing business opportunities from the Subcritical segment as it accounted for the largest market share in the base year.
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