Currently touted as
one of the cleaner efficient energy solutions, a circulating
fluidized bed boiler can help obtain a low rate of emissions and
release of pollutants into the environment. Research has shown that
nearly 95% of pollutants are absorbed using this technology rather
than being dispersed into the surroundings. Those affiliated with the
global CFB boiler market agree that the advantages that CFB
technology possesses should help market players overcome the
restraints on the market. While this may be true, the current
situation requires a large-scale research and development in order to
progress.
The globalcirculating fluidized bed boilers market is exhibiting a CAGR of
11.25% in a forecast period from 2015 to 2023. At the end of this
growth phase, the global CFB boiler market is expected to reach 241.9
GWe in 2023. It was recorded at 92.0 GWe in 2014. Assisting and
benefiting from this growth phase are the key players in the global
CFB boiler market.
Tougher CO2
Regulations Prompt Growth of Global CFB Boiler Market
The key driver of
the global CFB boiler market is the set of issues currently faced by
the nonrenewable energy industry. Most deposits of coal, oil and gas,
and other exhaustible energy resources are rapidly depleting.
Additionally, power generation using nonrenewable resources is posing
an increasing threat on the environment. It is in an effort to combat
the high carbon emission and other adverse effects of nonrenewable
energy generation that government bodies are imposing stringent rules
and regulations on all emissions, including those in power
generation. The global CFB boiler market therefore steps in, being
one of the most efficient methods of meeting the rising energy demand
through eco-friendly means.
Get FREE Sample PDF file : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1326
Other advantages of
circulating fluid bed boilers include gaining the flexibility of
choosing from a wide range of clean, cheap, renewable, and low-grade
fuels that can come in different sizes as well as qualities. A CFB
boiler helps cut down on the emissions of CO2, SOx, and NOx and
generates lower heat radiation levels.
Subcritical
Boilers Dominate Global CFB Boiler Market
In terms of type,
the global CFB boiler market is segmented into supercritical,
subcritical, and ultra-supercritical. Of these, the global CFB boiler
market was led by subcritical SFB boilers in 2014 with a market share
of nearly 60%. As for applications, the global CFB boiler market was
most used in the oil and gas sector, which held 36% of the market in
2014. The oil and gas segment was closely followed by the chemicals
segment, which accounted for 34% of the market. The oil and gas
sector forms the leading application segment of the global CFB boiler
market owing to the greater rate of generation of waste heat in the
sector.
55% of the global
CFB boilers market in 2014 was taken up by Asia Pacific, owing to
large-scale use of CFB boilers in the rapidly advancing economies of
China, India, Australia, and Japan. Although North America and Europe
have shown a slow rate of adoption of CFB boilers, these regional
markets are expected to pick up steam due to strengthening
environment protection laws.
About Us
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.
Contact
Mr. Sudip S.
90 Sate Street,
Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll
Free: 866-552-3453
No comments:
Post a Comment