The global installed capacity of CFB boilers stood at 92 GWe in 2014 and is projected to reach 241.9 GWe by 2023 at a CAGR of 11.25% from 2015 to 2023.
In-depth research report on Global Circulating Fluidized Bed (CFB) Boilers Market with Full TOC at : http://www.transparencymarketresearch.com/cfb-market.html
Circulating fluid bed (CFB) boilers offer one of the important benefit of fuel flexibility for power generation. Emissions of SOx and NOx are significantly reduced by using CFB boilers which helps meet the strict environmental norms as per international mandates. Emissions are lowered as the combustion temperature of CFB boilers is lower than that of other boilers such as pulverized coal-fired boilers (PCCs).
Need to lower CO2 emissions is driving the application of clean technologies, such as CFB boilers, for power generation. Increasing adoption of CFB technology for power generation is also responsible for the growth of the CFB boilers market globally. Currently, the growth potential of circulating fluid bed (CFB) is likely to be led by Asia Pacific, followed by Europe and the North America, and the Rest of World.
The global CFB boilers market has been segmented into six regions: North America, Europe, China, Japan, Australia, India, South East Asia, and Rest of the World. In 2014, Asia Pacific held the largest share of 55% of the global CFB boilers market.
Growing energy demand in Asia Pacific is a major driver for the growth of the CFB boilers market in the region. Europe was the second-largest market for CFB boilers in 2014. The market in North America and Rest of the World exhibited slow growth in the same year, but it anticipated that environmental regulatory norms would augment the market in these regions in the near future. In Asia Pacific, China, India, and Australia are anticipated to emerge as potential markets for CFB boilers.
For further inquiries, click here : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1326
Demand for CFB boilers is expected to increase gradually in the future as these boilers produce less emissions, thereby reducing carbon footprint. The CFB boilers market has been segmented as follows:
Circulating Fluid Bed Boilers Market: By Type
Circulating Fluid Bed Boilers Market: By Application
- Oil and Gas
Circulating Fluid Bed Boilers Market: By Region
- North America
- China, Japan and Australia
- South East Asia
- Rest of World
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/cfb-market.htm
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 insights for 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, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Mr. Nachiket Ghumare
90 State Street Suite 700
Albany NY 12207
USA – Canada Toll Free: 866-552-3453